Business News

Indonesian trade value reaches $416 billion in a week

China growth to moderate; East Asia, Pacific resilient: World Bank

China growth to moderate with economy rebalancing towards consumption, services and higher-value-added activities.

Oct 5, 2016

By Jacob J

Singapore assets under management growth declines year-on-year

Several emerging market managers see outflows from their equity and bond funds.

Oct 5, 2016

By Jacob J

Singapore economy expands by 1.8 per cent in Quarter 1

Salaries in Singapore to rise 4% in 2017; Most of Apac to see wage growth tumbling

Adjusted for the 0.8 percent inflation forecast in the country, the actual wage rise would be 3.2 percent.

Oct 4, 2016

By Jacob J

Ericsson to cut up to 4,000 jobs; one-fifth of Swedish workforce in firing line

The wireless-networking equipment maker may shut down the Boraas factory entirely, costing 800 jobs,

Oct 4, 2016

By Jacob J

JPMorgan prepares to pull Chase ATMs from Walgreens stores

It has ATMs at some airports, train stations and sports arenas.

Oct 4, 2016

By Reuters

Exclusive: EU wants Google to stop anti-competitive Android practices, fine expected

The document, running to more than 150 pages, was sent to complainants last week for feedback.

Oct 2, 2016

By Reuters

Goldman feels the heat in Asia as IPO engine slows

IPO activity in Asia Pacific fell 13.2 percent in the first nine months of the year to the weakest level since 2013.

Sep 30, 2016

By Reuters

Asia stocks rise before central bank meetings, oil bounces

Oil prices, stocks up on surprise OPEC deal though gains seen fizzling

Commodity currencies such as the Australian and Canadian dollars firmed on the OPEC news.

Sep 29, 2016

By Reuters

Former employees file class action against Wells Fargo

Wells Fargo hit with class action lawsuit over sales practices

Wells Fargo agreed to pay $190 million earlier this month to settle regulatory charges

Sep 27, 2016

By Reuters

Hyundai Motor union stages first full strike in 12 years

Workers have not put a timeline on the strike, saying it depends on the outcome of wage negotiations.

Sep 26, 2016

By Reuters

Former employees file class action against Wells Fargo

Former employees Alexander Polonsky and Brian Zaghi allege Wells Fargo managers pressed workers to meet quotas of 10 accounts per day

Sep 25, 2016

By Reuters

Oil dips on technical selling after two days of strong rises

Oil prices eased on Friday, pulled down by a technical sell-off following two sessions of strong rises.

Sep 23, 2016

By Reuters

Asian stocks step back from one-year high after Fed rate talks

Asian shares surge, dollar falters on slow-motion Fed

Asian shares rallied after the Federal Reserve left US interest rates unchanged and slowed the pace of future hikes

Sep 22, 2016

By Reuters

Uber's rival Grab raises US$750 million in record breaking funding

Uber rival Grab raises $750 million in record funding

The new round of funding is the largest till date for any regional consumer technology company.

Sep 20, 2016

By Bihu Ray

Asia stocks rise before central bank meetings, oil price bounces

Asian shares advanced on Monday ahead of central bank meetings in the United States and Japan this week.

Sep 19, 2016

By Reuters

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