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News & Updates

  • US, EU, Japan jointly denounce unfair trade

    Wed, 26 Sep 2018 08:20:32 +0800

    UNITED NATIONS: Washington, Tokyo and Brussels said Tuesday (Sep 25) they were making common cause against unfair trade, jointly denouncing industrial practices long pinned on China but refraining from naming that country explicitly. US Trade Representative Robert Lighthizer, Japanese Economy ...

  • Commentary: How to deal with your team members' personal crises

    Wed, 26 Sep 2018 06:40:38 +0800

    Managers cannot escape from this part of the job, but help is at hand, says one observer at the Financial Times.

  • Commentary: China is running out of American products to target in a trade war

    Wed, 26 Sep 2018 06:40:38 +0800

    But the world’s most populous country might have other weapons it can deploy, even though tariffs have been the main source of ammunition so far, says one observer.

  • Independent BMW car dealers loath to agree new terms: Sueddeutsche Zeitung

    Wed, 26 Sep 2018 06:15:25 +0800

    Most of BMW's 550 independent car dealerships are unwilling to accept new terms set by the carmaker and are threatening to ignore an end-September deadline, Sueddeutsche Zeitung reported on Wednesday.

  • Nike touts edgy ads but shares fall on mixed earnings

    Wed, 26 Sep 2018 07:16:33 +0800

    NEW YORK: Nike's CEO said Tuesday a controversial ad campaign featuring Colin Kaepernick was connecting with consumers worldwide but shares fell after the sports giant reported slowing growth in China. Nike Chief Executive Mark Parker, commenting on an earnings call for the first time since the ...

  • Deutsche Bank mulls merger scenario with UBS: Handelsblatt

    Wed, 26 Sep 2018 04:50:58 +0800

    Deutsche Bank has looked at a theoretical scenario of merging with UBS, the German business daily Handelsblatt reported, citing people familiar with the matter.

  • US stocks end mixed ahead of Fed decision

    Wed, 26 Sep 2018 04:40:37 +0800

    NEW YORK: Wall Street stocks finished mixed on Tuesday (Sep 25) ahead of a Federal Reserve announcement expected to shine light on the central bank's thoughts on future interest rate hikes. The Dow Jones Industrial Average dropped 69.84 points (0.26 per cent) to 26,492.21. The broad-based S&P 500 ...

  • China nixes US warship port visit, recalls admiral from US

    Wed, 26 Sep 2018 04:18:06 +0800

    WASHINGTON: China has pulled the plug on a US warship's scheduled visit to Hong Kong, and scrapped plans for a top admiral to meet with his US counterpart in Washington, officials said on Tuesday (Sep 25). The moves come as trade tensions soar between Beijing and Washington, which this week ...

  • Apple shaves cost from displays in newest iPhones: analyst firm

    Wed, 26 Sep 2018 06:00:36 +0800

    Apple Inc shaved some parts from the display in its largest new iPhone, helping keep costs under control in what has become the priciest component of its phones in recent years, according to a new cost analysis of the device.

  • Rate hike in the cards as US Fed holds policy meeting

    Wed, 26 Sep 2018 02:40:37 +0800

    At their meeting last month, policymakers said another rate hike was likely to be appropriate "soon," all but announcing their intentions to raise rates by another 25 basis points on Wednesday.

  • Dunkin' drops 'Donuts' from name in shift to coffee

    Wed, 26 Sep 2018 02:25:27 +0800

    Dunkin' Donuts said on Tuesday it plans to rebrand itself as "Dunkin'" as part of new CEO Dave Hoffman's plans to bring beverages and breakfast meals to the forefront of the restaurant chain's menu.

  • Fiat Chrysler says regulators get 'wake-up call' over fuel rules

    Wed, 26 Sep 2018 01:40:30 +0800

    Fiat Chrysler Automobiles NV said on Tuesday that U.S. regulators have received a "wake-up call" from automakers over the hurdles they face in trying to meet rising Obama-era fuel-efficiency requirements.

  • Spotify, Deezer and others call for stronger EU action against US rivals

    Wed, 26 Sep 2018 01:35:21 +0800

    Music streaming services Spotify and Deezer joined European business and industry bodies in calling on EU regulators to take tougher action to curb what they say are the unfair practices of online platforms.

  • US consumer confidence hits 18-year high; house prices slowing

    Wed, 26 Sep 2018 01:00:44 +0800

    U.S. consumer confidence surged to an 18-year high in September as households grew more upbeat about the labor market, pointing to sustained strength in the economy despite an increasingly bitter trade dispute between the United States and China.

  • US trade chief says China policy change 'not going to be easy'

    Wed, 26 Sep 2018 01:00:42 +0800

    U.S. President Donald Trump's top trade official said on Tuesday that changing China's economic policies to become more market-oriented "is not going to be easy" even with tariffs now in place on US$250 billion worth of Chinese goods.

  • Google to allow certain cryptocurrency ads in US, Japan

    Wed, 26 Sep 2018 00:56:43 +0800

    Alphabet Inc's Google said on Tuesday it would allow certain regulated cryptocurrency exchanges to advertise in the United States and Japan, easing an earlier ban on all cryptocurrency ads.

  • US consumer confidence approaches all-time high

    Wed, 26 Sep 2018 00:30:37 +0800

    WASHINGTON: Confidence among American consumers in September rose unexpectedly for the second month in a row, hovering near an 18-year high, according to a survey released on Tuesday (Sep 25). The survey showed a sharp gain in optimism among consumers, with respondents apparently shrugging off ...

  • Canada not making concessions needed for a NAFTA deal, says US

    Wed, 26 Sep 2018 00:10:56 +0800

    Canada is not making concessions needed to reach a deal with the United States for a trilateral NAFTA pact and is running out of time before Washington proceeds with a Mexico-only agreement, a top U.S. official said on Tuesday.

  • Uber can force drivers into arbitration: US appeals court

    Tue, 25 Sep 2018 23:45:52 +0800

    A federal appeals court on Tuesday granted Uber Technologies Inc's request that drivers be required to use arbitration to pursue claims made in three lawsuits that they were misclassified as independent contractors rather than employees.

  • Japan-US shared broad understanding over trade: Japan economy minister

    Tue, 25 Sep 2018 23:21:08 +0800

    Japan and the United States have reached a broad understanding over how to promote bilateral trade and may announce specifics on Wednesday, Economy Minister Toshimitsu Motegi was quoted as saying after meeting U.S. Trade Representative Robert Lighthizer.

  • Goldman trading executive Bash-Polley to depart at year-end: memo

    Tue, 25 Sep 2018 23:17:22 +0800

    Stacy Bash-Polley, who plays a key role with clients in Goldman Sachs Group Inc's trading business, plans to retire at year-end, according to an internal memo sent on Tuesday.

  • Verizon offers separation plans to thousands of management employees

    Tue, 25 Sep 2018 23:10:31 +0800

    Verizon Communications Inc said on Tuesday it is offering voluntary separation buyout packages to thousands of management employees in the United States.

  • Arby's owner to buy drive-in chain Sonic for US$1.57 billion

    Tue, 25 Sep 2018 23:06:29 +0800

    Arby's-owner Inspire Brands Inc said on Tuesday it would buy Sonic Corp for about US$1.57 billion in cash, adding more than 3,600 drive-in restaurants to its portfolio that includes brands such as Buffalo Wild Wings and Rusty Taco.

  • Philippine peso plunges to near 13-year low

    Tue, 25 Sep 2018 23:10:38 +0800

    SINGAPORE: The Philippine peso plunged to its lowest in nearly 13 years against the US dollar on Tuesday (Sep 25) amid talk of another interest rate hike by the central bank, while US-China trade tensions continue to cloud the global outlook. The peso fell as low as 54.66 per US dollar on Tuesday ...

  • Qualcomm accuses Apple of stealing its secrets to help Intel

    Wed, 26 Sep 2018 03:23:45 +0800

    SAN FRANCISCO: Qualcomm Inc on Tuesday (Sep 25) accused Apple Inc of stealing its chip-making secrets and giving them to rival Intel Corp, paving the way for Apple to switch to Intel's improved semiconductors, which may have cost Qualcomm billions of dollars in lost sales. The accusation, made in ...

  • Canada's PM sees possibility to build on US-Mexico NAFTA deal

    Tue, 25 Sep 2018 21:01:07 +0800

    Canadian Prime Minister Justin Trudeau on Tuesday took a cautious line over talks to update NAFTA, saying he saw a possibility that Canada could build on a bilateral deal that the United States and Mexico have already agreed.

  • Facebook shares slip after Instagram founders quit

    Tue, 25 Sep 2018 21:50:45 +0800

    Shares of Facebook Inc fell more than 2 percent in early trading on Tuesday after the two founders of photo-sharing app Instagram left the social networking giant under unexplained circumstances.

  • Wall Street flat as energy gains offset losses in chip stocks

    Wed, 26 Sep 2018 01:46:18 +0800

    U.S. stock index futures edged higher on Tuesday, as energy companies gained with oil prices at four-year highs, although the U.S.-China trade tension and the upcoming Federal Reserve meeting prompted caution.

  • How Trump split Mexico and Canada in NAFTA talks

    Tue, 25 Sep 2018 19:26:41 +0800

    A day after winning the Mexican presidential election, Andres Manuel Lopez Obrador took a congratulatory call from U.S. President Donald Trump. But Trump had something more important on his mind: Would Mexico's new president consider a bilateral trade deal?

  • Indonesia activists abseil down refinery tanks to protest deforestation

    Tue, 25 Sep 2018 19:00:12 +0800

    Environmentalists on Tuesday abseiled down storage tanks and unfurled banners at a palm-oil refinery in Indonesia to protest the deforestation of the country's tropical forests.

  • Malaysia government to review Australia rare earths plant

    Tue, 25 Sep 2018 17:41:57 +0800

    An ardent critic of an Australian rare earths plant in Malaysia said Tuesday she will head a government review into the controversial site after her political alliance took power at landmark elections.

  • Denmark bolsters defenses against wider Danske Bank risks

    Tue, 25 Sep 2018 23:21:05 +0800

    Public confidence in Denmark's largest lender Danske Bank has plummeted as the extent of its Estonian money laundering case has become clearer, figures from polling firm Voxmeter showed on Tuesday.

  • Commentary: A tale of two bankers and modern parenting

    Tue, 25 Sep 2018 17:39:26 +0800

    Working part-time for a few years while raising young children may not cost you much in financial terms but it will undoubtedly slow down your career progression, says one observer at the Financial Times.

  • Out of fashion? H&M tests new store to get back in vogue

    Tue, 25 Sep 2018 15:26:51 +0800

    STOCKHOLM: Step into one of the more than 4,300 H&M budget fashion stores around the world and you often know what to expect: clothes racks crammed with tops, trousers and skirts in a spartan and sometimes cluttered environment. H&M executives say that's no longer good enough. Sales have stagnated ...

  • Comcast buys 29.1 percent of Sky stock in market purchases

    Tue, 25 Sep 2018 15:00:24 +0800

    Comcast , the victor in the auction for Sky on Saturday, said on Tuesday it had bought 29.1 percent of the European pay-TV group's shares in the market.

  • China says hard to proceed on trade with US putting 'knife to its neck'

    Tue, 25 Sep 2018 13:16:23 +0800

    BEIJING: A senior Chinese official said on Tuesday (Sep 25) that it is difficult to proceed with trade talks with the United States while Washington is putting "a knife to China's neck", a day after both sides heaped fresh tariffs on each other's goods. When the talks can restart would depend on ...

  • Chinese state-owned marine builder says to work with Singapore trader to buy fuel

    Tue, 25 Sep 2018 12:30:37 +0800

    SINGAPORE: The marine construction unit of the state-owned China Communications Construction Company (CCCC) on Tuesday (Sep 25) signed an agreement to work with Singapore-based commodities trader Zenrock Group to purchase fuel. Marine Construction & Development Co (MCD), which is involved in major ...

  • Motor insurance business incurs loss of S$12.6m even as number of accidents fall: GIA

    Tue, 25 Sep 2018 23:02:10 +0800

    SINGAPORE: The motor insurance business incurred underwriting losses of about S$12.6 million as claims "increased significantly" in the first half of 2018, the General Insurance Association of Singapore (GIA) said on Tuesday (Sep 25). The claims amount of S$291.3 million represented an 11.8 per ...

  • US, Japan push back trade talks to Tuesday

    Tue, 25 Sep 2018 11:18:48 +0800

    Japan and the United States will begin a second round of trade talks in New York on Tuesday, Japan's top government spokesman said, amid concerns in Tokyo that Japan will face greater pressure to reduce its large trade surplus.

  • Google tunes search for prescience and pictures

    Tue, 25 Sep 2018 10:50:38 +0800

    SAN FRANCISCO: Google unveiled changes Monday (Sep 24) aimed at making the leading search engine more visual and intuitive to the point that it can answer questions before being asked. Artificial intelligence and machine learning are core drivers of how Google will pursue its mission to organize ...

  • German supervisor raps Deutsche Bank over money laundering

    Tue, 25 Sep 2018 10:40:55 +0800

    BERLIN: Germany's financial supervisor urged Deutsche Bank Monday (Sep 24) to beef up its fight against money laundering, and for the first time used its power to embed an auditor at the country's biggest lender. Frankfurt-based BaFin "ordered Deutsche Bank to take internal security measures and ...

  • Instagram co-founders step down from company

    Tue, 25 Sep 2018 15:21:55 +0800

    NEW YORK: Instagram on Monday (Sep 24) said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, giving scant explanation for the move. The departures at Facebook's fastest-growing revenue ...

  • Sears CEO Lampert offers new deals to avert bankruptcy

    Tue, 25 Sep 2018 09:15:23 +0800

    Sears Holdings Corp Chief Executive Eddie Lampert, a major investor in the company, has proposed rescue deals to help the department store chain avoid bankruptcy as debt matures next month and it faces a cash crunch, according to a regulatory filing released on Monday.

  • Trade nerves, bond yields and US$80 oil buffet stocks

    Tue, 25 Sep 2018 17:00:42 +0800

    World stocks struggled to make headway on Tuesday after another round of U.S.-China tariffs kicked in and investors' nerves were frayed by rising expectations of central bank rate hikes and oil prices near four-year highs.

  • US approves possible sale of military parts to Taiwan

    Tue, 25 Sep 2018 17:18:39 +0800

    The US State Department is ready to sell a batch of military parts to Taiwan, officials said Monday, the same day President Donald Trump's latest round of tariffs against Chinese imports took effect.

  • Foldable phone, Galaxy S10 with ‘meaningful' innovation among Samsung’s upcoming line-up

    Tue, 25 Sep 2018 10:09:01 +0800

    Mobile chief Koh Dong Jin gives us a teaser of Samsung’s upcoming smartphones.

  • As sales slow and competition heightens, Samsung overhauls tech in mid-range smartphones

    Tue, 25 Sep 2018 13:36:05 +0800

    The strategy shift will help Samsung attract more millennial users, says its mobile chief.

  • Commentary: Do business moguls like Elon Musk deserve their handsome pay?

    Tue, 25 Sep 2018 06:30:39 +0800

    Glorification of tech moguls discourage us from thinking about innovation as collective efforts, one observer points out.

  • Commentary: The way companies look to fend off cyberattacks needs a rethink

    Tue, 25 Sep 2018 06:30:38 +0800

    Companies whose operations are less digitally reliant tend to take a reactive stance towards cybersecurity, says one cybersecurity expert.

  • Ford executive says may boost production in China to avoid tariffs

    Tue, 25 Sep 2018 06:08:52 +0800

    Ford is looking at speeding up plans to build more Lincoln models in Chinese plants amid the growing trade war with the United States that has made US exports less attractive, a senior executive said Monday.

  • Dow, S&P 500 fall on latest US-China trade barbs

    Tue, 25 Sep 2018 06:10:38 +0800

    NEW YORK: The latest escalation in the US-China trade row weighed on industrial stocks on Monday (Sep 24), pushing the Dow and S&P 500 lower. The Dow Jones Industrial Average finished down 181.45 points (0.68 per cent) at 26,562.05. The broad-based S&P 500 dropped 10.30 points (0.35 per cent) to ...

  • Citigroup settles US robo-signing case tied to consumer bankruptcies

    Tue, 25 Sep 2018 05:35:39 +0800

    Citigroup Inc will pay US$5 million to address "robo-signed" proofs of claim filed in consumer bankruptcy cases involving 71,448 Macy's-branded credit card accounts, the U.S. Department of Justice announced on Monday.

  • Starbucks plans changes to company structure, layoffs: Bloomberg

    Tue, 25 Sep 2018 03:50:32 +0800

    Coffee retailer Starbucks Corp is planning an organizational shakeup, including corporate layoffs, Bloomberg reported on Monday.

  • Walmart, Sam's Club to put food products on blockchain

    Tue, 25 Sep 2018 03:16:43 +0800

    Walmart and its unit Sam's Club said on Monday leafy greens suppliers will be asked to implement real-time, farm-to-store tracking using blockchain technology by next September, as the retailer tackles food-safety incidents.

  • United Technologies explores sale of Chubb Fire & Security: sources

    Tue, 25 Sep 2018 02:00:36 +0800

    United Technologies Corp is exploring a sale of its Chubb Fire & Security division for more than US$3 billion, people familiar with the matter said on Monday.

  • Wall Street's S&P communication sector starts with a whimper

    Mon, 24 Sep 2018 22:50:54 +0800

    NEW YORK: The new S&P 500 communication services sector , which includes such high-profile names as Facebook , Alphabet and Netflix , made its debut on Monday, after the largest-ever overhaul of Wall Street's broad business sectors. Under the shakeup of the Global Industry Classification Standard ...

  • EU gives Britain two months to pay US$3.3 billion over China fraud

    Mon, 24 Sep 2018 21:35:08 +0800

    BRUSSELS: The EU on Monday (Sep 24) gave Britain two months to recover 2.7 billion euros (US$3.3 billion) in lost customs duties or risk referral to the EU's top court after London allegedly ignored a scam by Chinese importers. The demand, part of a so-called infringement action launched by ...

  • Wall Street falls as US-China tariffs kick in

    Tue, 25 Sep 2018 04:45:34 +0800

    U.S. stock indexes were set to open lower on Monday as the latest round of U.S.-China tariffs took effect, with neither country showing signs of backing down from a protracted trade war.

  • T-Mobile revamps prepaid brand to spruce up image

    Mon, 24 Sep 2018 21:31:51 +0800

    T-Mobile US Inc said Monday it is renaming its prepaid brand to Metro by T-Mobile and adding two new unlimited phone plans that will include perks like Google One cloud storage and Amazon Prime, in an effort to remove the perception that prepaid plans have subpar service.

  • Apple, Salesforce team up to bring Siri to more business apps

    Mon, 24 Sep 2018 21:36:24 +0800

    Apple Inc and Salesforce.com Inc are entering a partnership in which the iPhone maker will help Salesforce build the iPhone maker's features such as its Siri voice assistant deeper into Salesforce's own mobile apps, which are widely used in the sales and marketing industries.

  • Uber's strongest growth comes in depressed Argentina - minus commissions

    Mon, 24 Sep 2018 21:27:38 +0800

    BUENOS AIRES/SAO PAULO: Uber's fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation's sudden economic unraveling, which has boosted unemployment and sliced the purchasing power of Argentines. Twenty per cent of its drivers in Buenos ...

  • New measures protect Grab users against 'excessive' surge prices, but no restoring of discounts expected

    Tue, 25 Sep 2018 07:55:26 +0800

    The directive by Singapore's competition watchdog means that Grab will not be able to raise its prices, but an expert says the "good old days" of promotions are gone.

  • SiriusXM to buy Pandora in US$3.5 billion streaming push

    Mon, 24 Sep 2018 20:06:09 +0800

    REUTERS: Satellite radio firm Sirius XM Holdings Inc will buy music streamer Pandora Media Inc in a US$3.5 billion all-stock deal, as it seeks to build scale to battle heavyweight streaming rivals Spotify and Apple Music. Sirius XM, controlled by media mogul John Malone’s Liberty Media Corp ...

  • Malaysia's CIMB says chairman Nazir Razak to step down by year-end

    Mon, 24 Sep 2018 22:33:14 +0800

    KUALA LUMPUR: CIMB Group Holdings, Malaysia's second biggest bank, said on Monday (Sep 24) its chairman Nazir Razak would step down by the end of the year. Nazir has been CIMB's chairman since 2014. He has worked at the bank for 29 years, including 15 as chief executive. Nazir, the brother of ...

  • Volvo halts Iran truck assembly due to US sanctions

    Mon, 24 Sep 2018 20:20:29 +0800

    STOCKHOLM: Swedish truckmaker AB Volvo has stopped assembling trucks in Iran because U.S. sanctions are preventing it from being paid, a spokesman for the company said on Monday. The sanctions against Iran, reimposed on Aug. 6 by U.S. President Donald Trump after his decision to pull out of a ...

  • Michael Kors set to snap up Italy's Versace: sources

    Tue, 25 Sep 2018 00:15:48 +0800

    U.S. fashion group Michael Kors Holdings Ltd has sealed an agreement to take control of Italy's Versace, three sources familiar with the matter said on Monday, adding that an official announcement would be made this week.

  • Australia strawberry crisis now tastes a little sweeter for farmers

    Mon, 24 Sep 2018 17:41:48 +0800

    Australia's pins-in-punnets strawberry crisis prompted a spate of social-media driven hoaxes, but sites like Facebook and Twitter are also helping stir a revival in sales that has left some farmers struggling to meet resurgent demand.

  • Canada's Barrick Gold to buy Randgold for US$6.5 billion in all-stock deal

    Tue, 25 Sep 2018 01:45:20 +0800

    Canada's Barrick Gold has agreed to buy Randgold Resources Ltd in a US$18.3 billion share deal to create the world's largest gold company by value and output in an industry under investor pressure to put capital to good use.

  • Danske Bank board close to appointing new CEO: Report

    Mon, 24 Sep 2018 17:38:42 +0800

    COPENHAGEN: Danske Bank's board is close to appointing a new chief executive to replace Thomas Borgen who resigned last week amid a money laundering scandal, Danish online media Finans reported on Monday (Sep 24), citing unnamed sources. Finans quoted an anonymous board member at Danske as saying ...

  • Chemical company fined S$200,000 for chlorine leak that injured 7

    Mon, 24 Sep 2018 17:41:35 +0800

    SINGAPORE: A chemical company has been fined S$200,000 for a chlorine leak that exposed seven people to escaping chlorine gas, said the Ministry of Manpower (MOM) on Monday (Sep 24). Following the leak, Chemical Industries (Far East) Limited pleaded guilty to a charge under the Workplace Safety ...

  • Nepal reinstates US$2.5 billion hydropower deal with Chinese firm

    Mon, 24 Sep 2018 16:53:36 +0800

    Nepal has reinstated a deal with a Chinese state-owned company to build a $2.5 billion hydroelectric plant scrapped by the previous government, officials confirmed Monday, as the new pro-Beijing administration seeks massive infrastructure investment.

  • Sky's shares jump 9 percent after Comcast wins auction

    Mon, 24 Sep 2018 16:06:08 +0800

    Shares in Sky jumped 9 percent to 17.22 pounds in early trade on Monday, just below the 17.28 pounds a share Comcast bid on Saturday to beat Twenty-First Century Fox in the battle for Europe's biggest pay-TV group.

  • Malaysian finance minister tells developers to cut prices, says no foreigners-only townships

    Mon, 24 Sep 2018 16:00:37 +0800

    KUALA LUMPUR: Malaysia's Finance Minister Lim Guan Eng on Monday (Sep 24) told developers to reduce residential prices, and warned them against building projects exclusively for foreigners. "We want all developers to reduce prices. This applies to all states," the Star Online reported Lim as ...

  • Bulk buying to bartering, shopping Argentines get creative

    Mon, 24 Sep 2018 14:02:19 +0800

    BUENOS AIRES: As the prices of basic foodstuffs such as flour, eggs and oil have increased by anything from 40 per cent to over 100 percent since the start of the year, Argentines are having to get creative when they go shopping. The cost of living is on the rise as inflation keeps heading ...

  • The night a Chinese billionaire was accused of rape in Minnesota

    Mon, 24 Sep 2018 14:32:22 +0800

    NEW YORK: With the Chinese billionaire Richard Liu at her Minneapolis area apartment, a 21-year-old University of Minnesota student sent a WeChat message to a friend in the middle of the night. She wrote that Liu had forced her to have sex with him. “I was not willing,” she wrote in Chinese on the ...

  • Singapore's August core inflation at 1.9%; no change from July

    Mon, 24 Sep 2018 18:15:02 +0800

    SINGAPORE: Singapore's August core consumer price index (CPI) stood at 1.9 per cent, unchanged from the previous month, the Monetary Authority of Singapore (MAS) said on Monday (Sep 24). Higher retail and food inflation had offset a moderation in services inflation, MAS said in a press release ...

  • Tech index refresh could give under-the-radar names their day in the sun

    Mon, 24 Sep 2018 13:25:47 +0800

    A reshuffling of Wall Street benchmark industry sectors that transferred high-flying FANG stocks like Facebook Inc and Google-parent Alphabet Inc out of the technology label may be a boon to some under-the-radar companies that used to compete with them for investor attention.

  • Grab-Uber merger investigation: A timeline

    Mon, 24 Sep 2018 16:48:16 +0800

    SINGAPORE: Just six months after the announcement of a merger between Grab and Uber, the ride-hailing giants have been handed a S$13 million fine by Singapore's competition watchdog. On Monday (Sep 24), the Competition and Consumer Commission of Singapore (CCCS) said that the deal has led to ...

  • Home modems, routers hit by US China tariffs as 'smart' tech goods escape

    Mon, 24 Sep 2018 14:10:10 +0800

    WASHINGTON: US tariffs that hit some US$200 billion worth of Chinese products on Monday (Sep 24) spare many high-profile consumer technology items such as "smart" watches and speakers, but the less flashy home modems, routers and internet gateways that make them work weren't so lucky. Consumer ...

  • Grab maintains it did not breach competition laws, but will abide by remedies set by watchdog

    Mon, 24 Sep 2018 23:07:35 +0800

    SINGAPORE: Ride-hailing company Grab maintains that it has not broken any competition laws but said it will abide by directions imposed by Singapore’s anti-monopoly watchdog. On Monday (Sep 24), the Competition and Consumer Commission of Singapore (CCCS) slapped a combined fine of S$13 million on ...

  • Dell to interview banks for IPO instead of acquisition: Report

    Mon, 24 Sep 2018 12:55:50 +0800

    NEW YORK: Dell Technologies Inc plans to interview banks this week to potentially go public through an initial public offering rather than doing so through a proposed acquisition that has drawn resistance from some investors, the Wall Street Journal reported on Sunday (Sep 23). The Round Rock ...

  • Japan's PM says talks with Trump on trade were constructive ahead of meetings this week

    Mon, 24 Sep 2018 12:36:30 +0800

    Japanese Prime Minister Shinzo Abe said he had constructive talks on trade with U.S. President Donald Trump in New York on Sunday ahead of the second round of trade dialogues between the two countries this week.

  • Sydney breaks ground on new airport

    Mon, 24 Sep 2018 12:01:54 +0800

    "Western Sydney Airport" is scheduled to open in 2026 as part of an effort to deal with booming air traffic numbers.

  • Trade wars: Is Trump lining up Japan next?

    Mon, 24 Sep 2018 11:44:24 +0800

    While the US takes aim at China, Canada and Mexico over perceived trade imbalances, Japan has kept a low profile, hoping Prime Minister Shinzo Abe's friendship with golf buddy Donald Trump will keep Tokyo out of the firing line.

  • EU palm oil ban sows bitter seeds for Southeast Asian farmers

    Mon, 24 Sep 2018 11:39:15 +0800

    Indonesian palm oil farmer Kawal Surbakti says his livelihood is under attack, but the threat is not from insects or hungry orangutans eating his prized crop.

  • Singapore competition watchdog fines Grab, Uber S$13 million in total over merger deal

    Mon, 24 Sep 2018 23:06:51 +0800

    SINGAPORE: Singapore's competition watchdog has fined Grab and Uber a total of S$13 million over their merger, saying that the deal has led to the substantial eroding of competition in the ride-hailing market. Uber was fined S$6.58 million while Grab was fined S$6.42 million. The Competition and ...

  • US, China impose fresh tariffs with no trade talks in sight

    Mon, 24 Sep 2018 12:34:15 +0800

    U.S. tariffs on US$200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of U.S. products took effect as of 0401 GMT.

  • Key companies to attend White House quantum computing meeting

    Mon, 24 Sep 2018 09:20:28 +0800

    The White House will hold a meeting on Monday on U.S. government efforts to boost quantum information science, with administration officials, leading companies including Alphabet Inc , IBM Corp , JPMorgan Chase & Co and academic experts taking part.

  • Keppel reviewing stake in telco M1 Ltd

    Mon, 24 Sep 2018 23:23:44 +0800

    SINGAPORE: Conglomerate Keppel Corporation Ltd said on Monday (Sep 24) that along with media group Singapore Press Holdings it was considering a transaction related to its holdings in communication provider M1 Ltd. Keppel also said in an announcement that it was considering a transaction regarding ...

  • European markets dip as trade war, Brexit pessimism weigh

    Mon, 24 Sep 2018 17:30:41 +0800

    European stock markets traded in negative territory on Monday as fears of an escalating trade row between the United States and China spread from Asian markets, while oil rallied as U.S. sanctions restricted Iranian crude exports.

  • As China builds biotech sector, cash floods US startups

    Mon, 24 Sep 2018 16:21:31 +0800

    SAN FRANCISCO/HONG KONG: For three whirlwind days in June, U.S. scientist Zhi Hong went shopping at the Boston Bio Conference to find drugs to fill the pipeline of his two-week-old drug company. Crammed in tight, four-person booths executives use for private conversations, the former ...

  • Global spending on digital marketing nears US$100 billion: Study

    Mon, 24 Sep 2018 07:46:36 +0800

    Spending on digital marketing grew by 44 per cent last year in the United States and Britain to US$52 billion, a study has found, estimating that global outlays on such tactics are approaching US$100 billion.

  • Commentary: The US-China trade war has seeds in the global financial crisis

    Mon, 24 Sep 2018 06:20:38 +0800

    Because of the global financial crisis, China is converging on the US much more rapidly than anyone had expected, says one observer at the Brookings Institution.

  • To tighten or not: Economists split on upcoming MAS policy decision amid trade risks

    Mon, 24 Sep 2018 06:20:38 +0800

    While rising inflation makes the case for tighter monetary policy, economists say the cycle of retaliatory tariffs between the world’s two biggest economies may prompt the central bank to stand pat.

  • Creative Technology CEO Sim bullish as new Super X-Fi audio product launches

    Mon, 24 Sep 2018 06:20:37 +0800

    SINGAPORE: Singapore company Creative Technology on Monday (Sep 24) announced the launch of its first Super X-Fi product - the SXFI Amp dongle - and CEO Sim Wong Hoo is optimistic the product will sell as there is “lots of pent-up demand”. Explaining what Super X-Fi was in March, Mr Sim said it ...

  • Saudi says door open to future oil output hike

    Mon, 24 Sep 2018 06:20:37 +0800

    A meeting between oil producing countries on Sunday (Sep 23) decided not to alter supply to the global market, after calls by US President Donald Trump for an immediate hike in output to reduce prices.

  • Canada PM says informal NAFTA talks likely in next few days at UN

    Mon, 24 Sep 2018 05:35:26 +0800

    U.S. and Canadian officials trying to reach a deal on NAFTA are "very likely" to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday.

  • WPP preparing to merge Young & Rubicam and digital ad firm VML: WSJ

    Mon, 24 Sep 2018 04:15:27 +0800

    The world's largest advertising company WPP Plc's is preparing to consolidate some of its businesses in a bid to keep pace with the industry's digital shift, the Wall Street Journal reported on Sunday.

  • Comcast demonstrates Sky-high ambition in global media shake-up

    Mon, 24 Sep 2018 01:20:49 +0800

    U.S. cable giant Comcast scored a big win in the scramble for media assets by beating Rupert Murdoch, and his backer Disney, in the battle for Sky with an eye-watering US$40 billion bid.

  • Low interest rates spawn rise in number of zombie firms: BIS

    Mon, 24 Sep 2018 00:20:37 +0800

    Decades of falling interest rates have led to a sharp increase in the number of "zombie" firms, a report for the Bank for International Settlements said, potentially threatening economic growth and preventing interest rates from rising.

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