Business News

Singapore exports to China weakest in seven year; dives 25% in January

Singapore exports continue to decline as China slowdown bites

The drop in exports was lower than a median forecast of a 6.0 percent slump forecast in a Reuters poll.

Oct 17, 2016

By Jacob J

China exports and imports fall more than expected in July due to weakening demand

China's GDP growth rate hardly masks fundamental weaknesses

China is targeting gross domestic product growth of 6.5 to 7 percent this year, after 6.9 percent last year.

Oct 15, 2016

By Reuters

Singapore dollar sinks to 7-month lows after poor GDP data

Monetary Authority says 2016 economic growth would come in at the lower end of the 1-2 percent forecast.

Oct 14, 2016

By Jacob J

HP says will cut up to 4,000 jobs; gives cautious outlook

HP says will cut up to 4,000 jobs; offers cautious outlook

HP currently has about 50,000 employees worldwide.

Oct 14, 2016

By Jacob J

Who is Jia Jia, Chinese columnist missing over letter asking President Xi to resign?

Xi Jinping arrives in Bangladesh with generous investment plans

Xi is the first Chinese President to visit Bangladesh in 30 years.

Oct 14, 2016

By Jacob J

Singapore assets under management growth declines year-on-year

Singapore's GDP contracts 4.1% in 3rd quarter; MAS issues glum outlook

Singapore's export-led economy had been pressured by the global downturn for more than a year.

Oct 14, 2016

By Jacob J

South Korea slashes 2017 growth outlook citing Samsung Note 7 debacle

Samsung accounts for around 17 percent of South Korea's gross domestic product.

Oct 13, 2016

By Jacob J

Fullerton IPO delayed by regulator queries over complaints -- Report

Originally, Fullerton had planned to raise as much as S$300 million by listing on the Singapore exchange.

Oct 13, 2016

By Jacob J

Singapore central bank shuts down Faclon Bank operations

Singapore central bank orders closure of Falcon Bank; UBS, DBS fined

The central bank also imposed fines on DBS and UBS banks for violating its anti-money laundering policies.

Oct 11, 2016

By Jacob J

Singapore economy expands by 1.8 per cent in Quarter 1

Trade minister rules out outright recession but says negative growth looms

'We cannot rule out the possibility that the economy will experience some quarters of negative growth'.

Oct 11, 2016

By Jacob J

Noble Group warns of Q4 loss, $1.2 bln impairment on commodities slump

Troubled Noble Group secures $1.05 bln sale of US unit; shares soar

Analysts expect the sale will ease investor concerns over the company's liquidity and balance sheet.

Oct 10, 2016

By Jacob J

Temasek hires Goldman executive to ramp up North America business

Temasek hires Goldman exec John Vaske to ramp up North America business

Temasek's share of North America investments rose to 10 percent of its portfolio as of March

Oct 7, 2016

By Jacob J

Samsung Q3 profits rise: How Note 7 recall can help its chip business

Electronics giant says operating profit for the July-September quarter was 7.8 trillion won (US$7 billion).

Oct 7, 2016

By Jacob J

What caused British pound's tumble to 31-year lows on Friday?

Did an algorithm wrongly interpret a news with bearing on the currency, causing the inane melting down of the pound?

Oct 7, 2016

By Jacob J

McDonald's to sell Singapore, Malaysia business to Saudi Arabian group for $400 mln

McDonald's operates 120 restaurants in singapore and 260 in Malaysia.

Oct 6, 2016

By Jacob J

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