Business News

China to lay off six million workers as 'zombie industries' go under knife

China's 37 million workforce in the state sector accounts for nearly 40 percent of the country's industrial production.

Mar 2, 2016

By Jacob J

Singapore office space vacancy rates rise as slowdown bites

Adding to the problem of oversupply, many top dollar projects are nearing completion.

Mar 1, 2016

By Staff Reporter

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

The country, which generates only less than 1% of electricity from solar power, aims to raise this to 20% by 2050.

Mar 1, 2016

By Jacob J

China yuan down to 2-week low, shares plunge, on first day after G20

Yi Gang, the vice governor of China's central bank, had said on Sunday that said he is confident in the currency's fundamentals

Feb 29, 2016

By Boby Michael

China to work for investment treaty with US, infra cooperation with Turkey: Vice Premier Wang

Wang met with U.S. Treasury Secretary Jacob Lew and the Turkish counterpart Mehmet Simsek in Beijing on Sunday.

Feb 29, 2016

By Boby Michael

China terms Pentagon remarks on South China Sea as 'fallacy'

China urges the U.S. to stop playing up the situation.

Feb 27, 2016

By Boby Michael

SGX offers to buy Baltic Exchange with LME, CME and ICE also in the race

SGX share prices rise as investors cheer the move.

Feb 26, 2016

By Boby Michael

Growth concerns, reform agenda to dominate Shanghai G20 talks

China said it is keeping its reform plans intact and BoE's Mark Carney said central banks still have unused tools.

Feb 26, 2016

By Boby Michael

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

Noble Group swings to annual loss of $1.67 bln

chief executive Yusuf Alireza says Noble is making progress on its revolving credit facility.

Feb 26, 2016

By Jacob J

China to spend 100bn yuan to re-employ laid-off workers

The workers who lost their jobs as part of capacity rationalization in industrial units will benefit from this move.

Feb 25, 2016

By Boby Michael

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

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