Business News

Germany's new anti-migration party makes remarkable headway in state elections

More than 1.1 million refugees, mostly Syrians, have arrived in Europe's biggest economy last year alone, forcing many Merkel supporters to think differently.

Mar 14, 2016

By Boby Michael

China's Anbang to acquire US hotel group for $6.5 billion - Report

Strategic Hotels was taken private three months back by current owner Blackstone private equity group for around $6 billion.

Mar 13, 2016

By Jacob J

Malaysian economy expands 4.5% in fourth quarter

Malaysia orders halt to hiring new foreign workers

Malaysia has 2.1 million registered migrant workers as per official records.

Mar 12, 2016

By Jacob J

Greenland, largest Chinese developer, to list REIT in Singapore

The REIT will purchase 19 hotel properties from Greenland for 21 billion yuan ($3.23 billion), the companies said.

Mar 12, 2016

By Jacob J

World's thinnest camera lens is here, invented by Australian scientists

The new lens is made of molybdenum disulphide, a flexible glass material with electronic characteristics.

Mar 11, 2016

By Boby Michael

Asian currencies rally after surprise ECB easing, Thai baht at 5-month high

The ECB cut the policy lending rate from 0.05% to zero and lowered the deposit rate from -0.3% to -0.4% on Thursday.

Mar 11, 2016

By Boby Michael

China's consumer price inflation at 1 ½ year high on food price rise, PPI deflation eases

However, experts call it temporary and unlikely to call for any policy response.

Mar 10, 2016

By Boby Michael

China's Alibaba secures $3 billion loan to finance acquisition spree

China's largest online market place has been diversifying beyond its core e-commerce base.

Mar 10, 2016

By Staff Reporter

Bad weather and conflicts leave 34 countries starving – United Nations

The four regions most in need of humanitarian support are East Africa, Southern Africa, the Pacific Islands and Central America.

Mar 10, 2016

By Boby Michael

Cathay Pacific 2015 profits surge 90% on record low oil prices

Cathay Pacific says fuel costs for the carrier dropped 37.8 percent last year.

Mar 9, 2016

By Staff Reporter

Singapore to tighten maid service agencies with new grading and rating system

The employer rating system will be implemented by June this year. The Trustmark scheme will be rolled out by December next year.

Mar 9, 2016

By Boby Michael

China to push forward supply-side reforms, modernise farm sector, ensure grain security: President Xi

Xi said innovative ways of working, improved livelihood and modern agricultural practices are necessary to give the people more sense of benefits.

Mar 9, 2016

By Boby Michael

Noble Group looks to raise $2.5 billion to refinance debt

The commodity trader is in the market for a one-year borrowing base revolving credit facility.

Mar 9, 2016

By Jacob J

China says US-South Korea actions and DPRK reaction will unstable the Peninsula

The United States and the South Korea have kicked off their annual exercises on Monday and the North Korea has issued a warning of "all-out offensive".

Mar 8, 2016

By Boby Michael

Japan's economy contracts less than expected 1.1% in fourth quarter

Continued downturn in the economy poses harder challenge to Prime Minister Shinzo Abe's Abenomics approach

Mar 8, 2016

By Jacob J

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