Business News

Biogen scraps two Alzheimer drug trials, wipes $18 billion from market value

The decision was based on a so-called futility analysis of aducanumab data by an independent monitoring committee that determined the trials had little hope of succeeding.

Mar 22, 2019

By Reuters

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

Oil prices near 2019 highs amid OPEC supply cuts, U.S. sanctions

Brent crude oil futures were at $67.82 per barrel at 0122 GMT, down 4 cents from their last close but within a dollar of the $68.69 per barrel 2019-high marked the day before.

Mar 22, 2019

By Reuters

Infinity edge Pamukkale Pool at The Outpost Hotel at Sentosa

The Outpost Hotel at Sentosa joins the prestigious Small Luxury Hotels of The World

The Outpost Hotel is now an official member of Small Luxury Hotels of The World (SLH).

Mar 21, 2019

By IBTimes SG Desk

Lights Out, Green's In at Parkroyal on Pickering

PARKROYAL on Pickering is continuing to take the lead in fighting climate change through the introduction of various sustainability initiatives in support of Earth Hour 2019.

Mar 21, 2019

By IBTimes SG Desk

How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

One Iraqi industry source with knowledge of the port's operations confirmed there were no records of the Grace 1 at Basra during this period.

Mar 21, 2019

By Reuters

South Korean watchdog cuts fine on Qualcomm after decade-old legal battle

The cut comes after the Supreme Court in January overturned one of several lower court rulings against the U.S. firm for abusing its dominant market position.

Mar 21, 2019

By Reuters

Google fined $1.7 billion for search ad blocks in third EU sanction

The European Commission said in a statement that the anti-competitive practices had lasted a decade.

Mar 21, 2019

By Reuters

Boeing reshuffles top engineers amid 737 MAX crisis

The management reshuffle comes as Europe and Canada said they would seek their own guarantees over the safety of Boeing's 737 MAX.

Mar 20, 2019

By Reuters

California Startups Reveal 'Tesla Killer' Battery Technology

The world's three million EVs run on lithium-ion batteries but need something cheaper and lighter that also lasts longer on a single charge

Mar 19, 2019

By Arthur Villasanta

Typhoon Nida: More than 120 flights to and from Hong Kong cancelled

Cathay Pacific says budget airline would serve 'unique market segment'

Cathay this month said it was in "active discussions" to acquire the airline controlled by HNA Group Co Ltd.

Mar 19, 2019

By Reuters

Singtel signs deal to expand mobile wallet alliance to Japan

Singtel plans to expand the mobile wallet alliance to India, the Philippines and Indonesia.

Mar 19, 2019

By Reuters

Chinese smartphone vendors begins losing buyers

Huawei leads Asian domination of U.N. patent applications in 2018

The Chinese tech company Huawei made 5,405 patent applications to the U.N. body, up from 4,024 in 2017.

Mar 19, 2019

By Reuters

Huawei

FAA's approval of Boeing 737 Max under probe

Boeing announced on Monday that it was working with the FAA to finalise a software update related to the MCAS system to make the planes safer.

Mar 18, 2019

By IANS

New Zealand firms to pull ads from Facebook, Google

Besides being live-streamed on Facebook, the video, lasting 17 minutes, was shared repeatedly on YouTube and Twitter, before being removed by the social media giant.

Mar 18, 2019

By IANS

Facebook

Singapore exports jump in December on back of 40% rise in China shipments

Singapore's exports rebound but electronics show prevailing weakness

February's electronics reading was an improvement on January's 15.9 percent contraction.

Mar 18, 2019

By Reuters

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