Business News

Singapore assets under management growth declines year-on-year

Singapore avoids recession in Q3, says poll; expansionary election-year budget to add further boost

The poll of 11 economists shows that gross domestic product (GDP) may have increased 1.5 percent on a quarter-on-quarter, seasonally adjusted basis in July-September.

Oct 8, 2019

By Jacob J

Amazon launches bigger local online store in Singapore

Amazon also said it will allow small and medium-sized businesses to offer their products to online shoppers with Amazon.sg

Oct 8, 2019

By Reuters

Hong Kong Stock Exchange rolls back $54 bln offer for LSE ahead of bid deadline

HKEX executives, who were going ahead with the plan to raise £8 billion to fund the LSE purchase, had met shareholders in London and New York last month to gain support but were rebuffed.

Oct 8, 2019

By Jacob J

Will massive HSBC job cuts spare Singapore and rest of Asia?

Reuters reported that the latest job cuts will be on top of the staff reduction announced earlier. If that comes true the total number of jobs that could disappear at HSBC could be 14,000.

Oct 7, 2019

By Jacob J

Wanxiang Blockchain and PlatON launch consortium blockchain infrastructure

Counting Minsheng Life Insurance as one of its partners, PlatONE is aimed at the financial services, supply chain, and logistics sector

Oct 7, 2019

By IBTimes SG Desk

Asian shares cheered by U.S. jobs data but traders fear trade talks

Crude oil futures pared losses to trade little changed amid caution about a resolution to the trade dispute.

Oct 7, 2019

By Reuters

An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018.

Oil settles up as US unemployment rate drops, but crude ends week down 5%

Investors are also watching for further developments on tensions between the United States and Iran.

Oct 5, 2019

By Reuters

Asia stocks rise before central bank meetings, oil bounces

Asian stocks slide as US tariffs on EU fan growth worries

Yields on two-year US Treasury yields fell as weakening data on manufacturing and the jobs market suggested the trade war with China has damaged the US economy.

Oct 3, 2019

By Reuters

Saudi oil prices for Asia expected to jump in November after attack

The OSP for flagship Arab Light crude in November is expected to rise by at least 50 cents a barrel from the previous month to the highest since July.

Oct 3, 2019

By Reuters

barack-obama-says-circular-firing-squad-weakens-progressive-progress

Ex-US President Barack Obama to attend Asia-Pacific executive business seminar in Singapore

Special event 'In Conversation with President Barack Obama' to take place on Monday 16 December 2019

Oct 1, 2019

By IBTimes SG Desk

aption: Residents signing up through GEVME at the registration booth at National Day Heartlands Celebrations 2019 @ Central Singapore

GlobalSign.in launches GEVME cashless token system with gamification features

GlobalSign.in's technology implemented at this year's National Day Heartlands Celebrations delivered higher audience engagement, increased efficiency, security and data privacy.

Oct 1, 2019

By IBTimes SG Desk

BlueChilli unveils their first HealthTech startups for Southeast Asia

Entrepreneurs will tackle regional health issues from mental health and chronic disease to the future of personalised healthcare in the BlueChilli HealthTech Accelerator.

Oct 1, 2019

By IBTimes SG Desk

Fashion retailer Forever 21 files for bankruptcy

Fashion retailer Forever 21 Inc filed for Chapter 11 bankruptcy on Sunday as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce.

Sep 30, 2019

By Reuters

Gold prices dip as fears of widening trade war ease

Gold prices inched down in early trade on Monday as concerns over an escalation in the U.S.-China trade war eased.

Sep 30, 2019

By Reuters

Breaking: Crucial Opec-non Opec meeting on global output deal on Dec 10

Oil prices climb as positive China factory data eases demand concerns

Oil prices edged up on Monday after China's factories unexpectedly ramped up production in September.

Sep 30, 2019

By Reuters

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