Business News

China unveils reform to help firms borrow more cheaply

The central bank will incorporate LPR application into its macro-prudential assessment (MPA) to urge banks to use LPR pricing.

Aug 17, 2019

By Reuters

US removes some Chinese furniture, modems from planned 10% tariffs

The $114 billion retail furniture industry has been among the sector's hardest hit with price increases due to Trump's tariffs, which rose to 25% in May.

Aug 17, 2019

By Reuters

Global Markets: Asia stocks nurse losses, bonds hold huge gains

Donald Trump said on Thursday he believed China wanted to make a trade deal and that the dispute would be fairly short.

Aug 16, 2019

By Reuters

NGC Ventures announces investment in VID, the disruptive social platform

Singapore's NGC Ventures goes to Hollywood with investment in VID, the disruptive social platform.

Aug 16, 2019

By IBTimes SG Desk

Alibaba co-founder is new Brooklyn Nets owner, buys NBA team for $2.35 billion

Joseph Tsai is also the owner of the San Diego Seals, a box lacrosse franchise with the National Lacrosse League.

Aug 15, 2019

By Arthur Villasanta

Stocks rattled, oil sinks as bond markets scream recession

The futures market was clearly expecting drastic action as it priced in a greater chance the Fed would have to cut rates by half a point at its September meeting

Aug 15, 2019

By Reuters

Singapore lifestyle, personal and home services startup Zowedo raises US$330,000 in funding

Paragon Capital Management Singapore leads the pre-seed round of funding.

Aug 15, 2019

By IBTimes SG Desk

Employees are seen by their workstations at a printed circuit board assembly factory in Singapore

Singapore employees welcome automation and AI, but concern about future job prospects

While some respondents believe that their work efficiency will increase with Automation and AI, others say that these will be superior to humans at simple tasks.

Aug 15, 2019

By Bhaswati Guha Majumder

Artificial intelligence

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

Singapore cuts growth forecast from 1.5 to a new 0 to 1%, says gloomy scenario ahead

Ministry of Trade and Industry previously narrowed down the forecast range to 1.5-2.5 per cent. In the second quarter, the economy grew by 0.1 per cent, making it the slowest expansion Singapore has seen in a decade

Aug 13, 2019

By Soorya Kiran NN

Amazon to investigate child labour claims against China supplier

The school children were inducted in production lines that were making Amazon Alexa devices including smart speakers.

Aug 11, 2019

By Kalyan Kumar

Life before Tesla and SpaceX? Elon Musk's mom wrote a book about his childhood

Beyond telling the story of Elon's childhood, Maye will also discuss her life as a model in the fashion world.

Aug 11, 2019

By Dawn Geske

US - China relations: US will retaliate if China further devalues yuan

Trump himself blasted China's move with the yuan, calling the country a "currency manipulator."

Aug 11, 2019

By Thomas Kika

donald-trump-believes-the-g7-should-allow-russia-to-rejoin-summit

Trump roils markets with comments on China trade, Huawei

The United States also this week declared China a currency manipulator after it allowed the yuan to slip below 7 to the dollar.

Aug 10, 2019

By Reuters

Singapore ready to stimulate ailing economy, PM says

Data next week is expected to confirm Singapore experienced its slowest pace of expansion in a decade in the second quarter on a year-on-year basis.

Aug 9, 2019

By Reuters

T-Hub invites startups for the third batch of Lab32 incubation program

For the third batch of Lab32, T-Hub has got on-board 40 partners who will provide the startups with benefits worth $500,000

Aug 9, 2019

By IBTimes SG Desk

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