Business News

SingPost chairman Lim Ho Kee steps down as carrier embarks course correction

In December the company revealed it had failed to adequately disclose an independent director's interest in a 2014 acquisition.

Apr 2, 2016

By Jacob J

Anbang sweetens offer for Starwood to $14 billion to trump Marriott

China's Anbang ends race for US hotel chain Starwood

Shares in Starwood and Marriott fall about 4 percent each as a Marriott acquisition of Starwood becomes a more likely outcome.

Apr 1, 2016

By Jacob J

Hong Kong dollar pares January's steep slide as peg scrapping woes fade

The local dollar has rallied to 7.7522/US dollar this week, very close to its strong end of the pair's trading band of 7.75-7.85.

Mar 31, 2016

By Boby Michael

Singapore steps up alternative energy by feeding solar power into general grid

REC to invest S$250 million to boost Singapore's clean energy drive

Singapore plans to increase the share of renewable energy to 8 percent by 2030.

Mar 31, 2016

By Jacob J

Singapore's SGX sees IPO business plunging on tough regional competition

The SGX had the smallest haul of new share sales among the region's four largest stock markets in 2015.

Mar 31, 2016

By Boby Michael

Boeing cuts thousands of jobs to retain price competitiveness

European rival Airbus has inched ahead of Boeing in terms of future orders, spurred by its fuel-efficient A320neo family of planes.

Mar 30, 2016

By Jacob J

China slowdown, global headwinds will stymie Asia growth in years ahead

Southeast Asian economies will post stronger growth in the next two years, led by Indonesia.

Mar 30, 2016

By Jacob J

Asian currencies rally as Yellen drives dollar lower; Malaysian ringgit at 7-month high

The ringgit has rallied more than 5% this month and the Singapore dollar is the second best with a 3.6% rise from February closing.

Mar 30, 2016

By Boby Michael

Bank of England's new capital framework unlikely to impact banking system: HSBC

The BoE said it would raise the rate of the capital buffer that it requires financial institutions to have from 0% to 0.5%, effective 29 March 2017.

Mar 30, 2016

By Boby Michael

SembCorp signs long-term power supply deal with Myanmar

The long-term power purchase agreement was signed with Myanma Electric Power Enterprise (MEPE).

Mar 30, 2016

By Jacob J

Anbang sweetens offer for Starwood to $14 billion to trump Marriott

Starwood, which had accepted Marriott's $13.6 billion cash-and-stock offer, said it is weighing Anbang's offer.

Mar 29, 2016

By Jacob J

Gold drops to 1-month low as dollar rallies on Fed rate hike view

The yellow metal fell to as low as $1207/ounce on Monday, its lowest since 22 February, and at the low, it was down 2.5% on the month.

Mar 28, 2016

By Boby Michael

Vietnam sharply lowers growth expectations due to disaster impacts

In the first quarter of 2016, the country is estimated to have grown 5.46%, down from the 6.12% growth recorded in the same period last year.

Mar 28, 2016

By Boby Michael

Halcyon joins China's Sinochem to create world's biggest natural rubber supplier

The deal will create world's largest and most comprehensive natural rubber supply chain manager.

Mar 28, 2016

By Jacob J

US economy expands 1.4% in fourth quarter; corporate profits fall

Corporate profits decreased $159.6 billion in the fourth quarter, compared with a decrease of $33.0 billion in the third.

Mar 26, 2016

By Jacob J

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