Business News

Statoil helicopter crash kills 11; Norway says copter had suffered technical faults

Statoil helicopter crashes in North Sea killing 13; Norway says copter suffered technical faults

The helicopter that crashed was one of the many that service offshore oil platforms in the North Sea.

Apr 29, 2016

By Jacob J

ErosNow ventures into Malaysian telecom market

Eros to tap Malaysia's 2-million Indian origin viewers in tie-up with Maxis and U Mobile

Eros says it is the only Indian digital over-the-top platform to penetrate the growing Malaysian market.

Apr 29, 2016

By Samhati Bhattacharjya

Taiwan slips into recession as GDP shrinks for third straight quarter

Taiwan contracted 0.84% in Q1 this year, after shrinking 0.8% and 0.52% in the third and fourth quarters of last year.

Apr 29, 2016

By Boby Michael

Singapore employment growth slows even as jobless rate falls for citizens - Manpower Ministry

Overall unemployment rate was steady at 1.9%.

Apr 28, 2016

By Boby Michael

Unemployment will inch higher, wage growth to slow down: MAS

While overall resident wage growth was 3.5 percent in 2015, the growth this year will moderate to about 2.5–3.0 percent.

Apr 28, 2016

By Jacob J

New Zealand dollar rises as RBNZ holds interest rates

The NZD/USD pair is likely to test 0.7200 as fresh multi-month high, as long as the 0.6750 support holds.

Apr 28, 2016

By Boby Michael

UOB reports 4.4% drop in profits in first quarter

UOB says it received higher net interest income in the quarter ended March 31.

Apr 28, 2016

By Jacob J

Australian dollar plunges as country slips to deflation first time in 7 years

AUD/USD dropped 1.8% on the day to 0.7605 from the previous close of 0.7748.

Apr 27, 2016

By Boby Michael

$4 billion stolen from Malaysian state fund

1MDB default will worsen Malaysia's budget deficit, says Moody's

The contingent risks from 1MDB's liabilities could be higher than the government's actual guaranteed exposure.

Apr 27, 2016

By Jacob J

FBI cracks San Bernardino shooter's encrypted iPhone, drops case against Apple

Apple Q2 results: iPhone maker up against insurmountable statistical odds?

Apple profits edge sharply lower with net income falling to $10.5 billion from $13.6 billion in the same quarter last year.

Apr 27, 2016

By Jacob J

Factory output contracts less than expected in March as pharmaceuticals outperform

Biomedical manufacturing output expands 23.1 percent in March 2016, compared to the same period a year ago.

Apr 26, 2016

By Jacob J

Great Eastern Q1 net profit falls 56%

The losses were due to unrealized fair value losses from the valuation of assets and unfavorable financial market conditions, the company said.

Apr 26, 2016

By Boby Michael

Malaysian ringgit falls to 1-week low as 1MDB defaults on bonds

The Malaysian unit had traded at an 8-month high of 3.8405/USD last week, from which the currency has now weakened 2.5%.

Apr 26, 2016

By Boby Michael

Singapore headline CPI rate drops to near 30-year low even as core inflation edges higher

The March year-on-year CPI rate of -1% marked the 17th straight month of declining prices in the City.

Apr 25, 2016

By Boby Michael

Thailand announces 20 bln baht fund to boost start-up ecosystem

The economy has been in doldrums since the army took power in 2014, with weak exports and sluggish domestic demand.

Apr 25, 2016

By Jacob J

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