Business News

Chinese vice foreign minister says progress made in trade talks with US

No country can prosper without working with other nations, Le said at the Xiangshan Forum in Beijing.

Oct 22, 2019

By Reuters

Temasek hires Goldman executive to ramp up North America business

BREAKING: Temasek Holdings offers S$4.1 billion for Keppel Corp

State investor Temasek, which already owns 20.5 percent in Keppel, has offered S$4.1 billion for control of the conglomerate.

Oct 21, 2019

By Jacob J

Former Malaysia PM Mahathir questioned by police for the second time in June

PM Mahathir Mohamad warns of possible trade sanctions on Malaysia

Mahathir did not mention the source of possible sanctions on the Southeast Asian country but said he was disappointed due to restrictive trade practises.

Oct 21, 2019

By Reuters

Boeing, J&J, dismal China data drag Wall Street lower

Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings.

Oct 20, 2019

By Reuters

Singapore should always welcome anyone who reaches its shores, says Zainul Abidin Rasheed

Former Minister of State, Zainul Abidin Rasheed says Singapore should always be a welcoming place to anyone who reaches its shores.

Oct 19, 2019

By Vinod DSouza

Oil falls as China economic concerns outweigh rising refinery runs

Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector.

Oct 19, 2019

By Reuters

trump-refers-to-alexandria-ocasio-cortez-as-a-young-bartender

Trump hopes US-China trade deal will be signed by middle of November

Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place.

Oct 19, 2019

By Reuters

China's economy expands 6.7% in Q3, as Govt spending offsets weak exports

China's GDP growth hits weakest level in 30 years, serving grim notice to world economy

Gross domestic product expanded 6 percent in the July-September period from a year ago, data showed on Friday

Oct 18, 2019

By Jacob J

Singapore's Finance Minister and deputy prime minister Tharman Shanmugaratnam

Singapore's Senior Minister Tharman receives IIF Award 2019 along with Bank of England governor Carney

IIF described Mr Tharman as "a visionary" who has been a leading proponent of global reforms to "de-risk and grow development finance, and to achieve more resilient capital flows".

Oct 18, 2019

By Soorya Kiran NN

Leppel corporation asset management restructuring

Keppel Corp says net profit falls 30% to S$159 million in third quarter

Even as earnings per share (EPS) dropped to 8.8 Singapore cents, Keppel said there was no dividend for the three months to September.

Oct 18, 2019

By Jacob J

Japan's inflation hits 2-1/2-year low, raises stimulus chance this month

Dragged down by sliding energy prices and raising the chance the central bank will top up its already massive monetary stimulus at its review this month.

Oct 18, 2019

By Reuters

Singapore confirms no fake food products imported from China

Nestle revamps waters business as organic growth slows

Food group Nestle plans to return up to 20 billion Swiss francs ($20.13 billion) to shareholders over the next two years and is making changes to its struggling waters business.

Oct 17, 2019

By Reuters

Citigroup names Peter Babej as Asia Pacific chief executive

Citigroup Inc has named Peter Babej, the US bank's global head of financial institutions group, as its new Asia Pacific chief executive officer.

Oct 17, 2019

By Reuters

Oil prices extend losses into second session on weak China data

Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer's energy demand growth.

Oct 15, 2019

By Reuters

Fintech investments in Singapore soar to record highs; cross billion-Sing-dollar mark

The total value of fintech deals in the nine months ended September 30 jumped 69 percent from the prior-year period to US$735 million from US$435 million, an Accenture report said.

Oct 15, 2019

By Jacob J

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