Business News

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

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

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

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