Business News

Japanese markets end turbulent week as Nikkei sheds 5.4%

Japanese exports suffered as yen rose, with Toyota dropping 6.8 percent, Nissan 5.82 percent and Sharp plunging 10.32 percent.

Feb 12, 2016

By Staff Reporter

Asian shares in sell-off over bank health concerns; gold, bonds gain

The sell-off followed a sharp drop in global markets on Thursday on concerns over the health of the global economy and the banking sector

Feb 12, 2016

By Staff Reporter

Pyongyang says Kaesong shutdown a 'declaration of war' as Seoul cuts off power and water

North Korea says it was "kicking out" all South Koreans from the jointly run industrial zone and designates Kaesong as a 'military zone'.

Feb 12, 2016

By Jacob J

South Korea closes Kaesong industrial complex

South Korea shuts Kaesong industrial complex to deal economic blow to Pyongyang

The complex produced around $500 million of goods in 2015, making it the biggest single contributor to inter-Korean trade.

Feb 11, 2016

By Jacob J

Fed chief says will not reverse course on rate hikes this year

Yellen admits tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth posed greater risk to the US economy.

Feb 11, 2016

By Staff Reporter

Oil rebounds after 8% fall as Iran says open to talks with Saudi Arabia

The US Energy Information Administration (EIA) lowered its oil demand growth forecast for the next two years.

Feb 10, 2016

By Staff Reporter

Japan's Nikkei plunges 5.4% as investors flee to safe haven assets

Japan's Nikkei plunges 5.4% as investors flock to safe haven assets

The Nikkei has slumped 15 percent so far in 2016.

Feb 9, 2016

By Staff Reporter

Singapore Airshow 2016: Top aerospace firms eye business worth billions

Some industry analysts are downbeat about this year's show, which is taking place under the shadow of a global economic downturn.

Feb 9, 2016

By Staff Reporter

Mark Zuckerberg is 'disappointed' after India throws out 'Free Basics'

Mark Zuckerberg 'disappointed' after India throws out Free Basics

Facebook, which has burned millions of dollars on an advertising campaign promoting Free Basics, said 'connecting India' still remained an important goal.

Feb 9, 2016

By Jacob J

Facebook Mark zuckerberg

Singapore economy projected to grow 1-3% in 2016 says minister

Though the weak oil prices have depressed sentiment, it also means lower energy expenses for a whole lot of businesses.

Feb 8, 2016

By Staff Reporter

China's forex reserves drop to near 4-yr lows as PBOC props up Yuan

Chinese central bank has been under pressure to sell dollars to support its Yuan currency.

Feb 8, 2016

By Staff Reporter

Singapore PM Lee Hsien Loong say no severe economic downturn in 2016

Prime Minister Lee shores up confidence in economy

Lee says the government will continue to support businesses and workers as 'we restructure and upgrade'.

Feb 7, 2016

By Jacob J

Malaysia upset of Singapore University's research linking palm oil to heart disease

Malaysia upset over Singapore University's research linking palm oil to heart disease

Malaysia accounted for 31.7% of the global palm oil production and 36.4% of global exports in 2015.

Feb 6, 2016

By Staff Reporter

Lunar new year sales dip in Singapore chinatown

Chinese New Year 2016: Singapore's Chinatown sees drop in retail sales

Chinese economy woes spill over to the region, hitting economic sentiment in Beijing's main trading partners like Singapore.

Feb 6, 2016

By Jacob J

HSBC's Singapore retail business to be incorporated into local entity

The move is to comply with a directive of the Singapore Monetary Authority in 2015.

Feb 5, 2016

By Staff Reporter

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