Business News

Technical analysis: Singapore dollar headed south for 1.50/USD

The move off the 6-year low hit last month to a 3-month high this month is only a slight correction.

Feb 25, 2016

By Boby Michael

Sharp accepts $6.24 billion takeover bid from Taiwan's Foxconn

Sharp had become a target for rivals after its hefty investments in advanced LCD plants ran it into financial difficulties.

Feb 25, 2016

By Jacob J

Singapore's GIC to invest $387 mln in Indonesian retail firm

PT Trans Retail, the retail arm of Indonesian conglomerate CT Corp, runs stores under the Carrefour and TRANSmart brands.

Feb 24, 2016

By Staff Reporter

Chinese yuan pares most of pre-holiday gains intensifying devaluation fears

With Wednesday's move, the Chinese currency is down nearly 0.7% from last week's levels.

Feb 24, 2016

By Boby Michael

Singapore dollar weakens as GDP data disappoints

Singapore expanded 2% in 2015, trailing official forecast of 2.1% and well below the 2014 rate of 3.3%.

Feb 24, 2016

By Boby Michael

singapore not to withdra foreign worker levy

Singapore economy expands at slowest pace since 2009 crisis

Growth was earlier pegged at 2.1 percent but a sharp downturn in manufacturing amid a global slowdown drove growth figures lower.

Feb 24, 2016

By Jacob J

Standard Chartered posts worst losses since 1998; shares tumble

The bank says it expects the financial performance to remain subdued during 2016 given current market conditions.

Feb 23, 2016

By Staff Reporter

Singapore consumer prices fall for 15th straight month in January

Core inflation, which excludes accommodation and private road transport, was at 0.4 per cent, compared to 0.3 per cent in December.

Feb 23, 2016

By Staff Reporter

Singapore's petrol retailers pass on most of wholesale price slide to consumers

The country's Competition Commission said that there is no evidence to suggest collusion in petrol pricing among retailers.

Feb 23, 2016

By Boby Michael

UK's Pound keeps downward track ahead of GDP data

The Sterling is down 1% so far this month and hovers near a 7-year low versus US dollar.

Feb 23, 2016

By Boby Michael

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

Asia's biggest commodities trader also says it has cut its long-term view on coal prices.

Feb 23, 2016

By Jacob J

Singapore's DBS among banks in bid to buy Barclays' Asian wealth unit

DBS posts 20% rise in Q4 net profit; bad debts rise

Southeast Asia's largest bank made record full-year profits at S$4.45 billion.

Feb 22, 2016

By Staff Reporter

Thai Airways in talks to buy 20% stake in Thai AirAsia

The deal talk follows a move made by Thailand's Deputy Prime Minister Somkid Jatusripitak.

Feb 21, 2016

By Staff Reporter

Singapore Airshow: Deal value plummets to $12.7 bln from $32 bln in previous edition

Billion-plus deals were limited to two orders Airbus and Boeing secured from Philippine Airlines and China's Okay Airways.

Feb 20, 2016

By Jacob J

Genting Singapore reports Q4 loss of S$7.8 million

The Q4 loss was the second quarterly loss in 2015, which was marked by weak performance in the gaming business

Feb 19, 2016

By Staff Reporter

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