Business News

Singapore's Spiking successfully completed second private token sale

Singapore's first stock tracking app Spiking has more deals and developmental progress planned in the pipeline as it prepares for the public sale in the fourth quarter.

Sep 28, 2018

By Bhaswati Guha Majumder

Anil Ambani planning to give up control of Reliance Communications?

The company will only own the undersea telecommunications cable system, data centres, and business-to-business connectivity services.

Sep 28, 2018

By Ashish Shukla

People walk through Chinatown in Singapore

MOF says 2.8 million Singaporeans to receive S$700 million of SG bonus by December 2018

The eligible Singapore citizens, depending on their Assessable Income (AI) for the Year of Assessment (YA) 2017 will get SG Bonus of up to S$300.

Sep 28, 2018

By Bhaswati Guha Majumder

Workers from ScanDrill Ltd clamp together pieces of pipe while drilling an oil well for Jagged Peak Energy Inc near Fort Stockton, Texas.

Oil prices edge up amid uncertainty over fallout from Iran sanctions

With the expiration of the Brent November futures contract later on Friday, the front-month contract will become the December contract.

Sep 28, 2018

By Reuters

Could artificial intelligence cause World War 3? Elon Musk fears it might

U.S. regulator sues Musk for fraud, seeks to remove him from Tesla

The Department of Justice, which has the authority to press criminal charges, has also questioned the company about Musk's tweets

Sep 28, 2018

By Reuters

Elon musk

Made-in-India Mercedes-Benz GLC rolled out

US to welcome made-in-India Mercedes-Benz GLC soon

Mercedes-Benz has already started shipments from Chakan plant near Pune and the made-in-India SUVs should reach the US next month. The GLC SUV is one of the bestselling models of Mercedes-Benz in the North American market.

Sep 27, 2018

By Ken Sunny

Home prices in Dubai fall 22 percent from 2014 levels

The residential capital values slumped by nine percent in Q3, 2018, the decline has slowed to 2.9 percent as against the previous quarter.

Sep 27, 2018

By Ashish Shukla

Asian shares weather Fed rate hike, U.S. bond yields fall

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, with South Korea's Kospi hitting three-month highs.

Sep 27, 2018

By Reuters

Tencent & Alibaba chase remittances in battle for Southeast Asia

Southeast Asia, with a growing population of 600 million people who mostly lack bank accounts, is a strategic battleground for Asian tech behemoths and their U.S rivals.

Sep 27, 2018

By Reuters

The prototype of the Passion Diamond shoes

Are you ready to buy World's 'most expensive' pair of shoes?

Crafted by UAE-based Jada Dubai in collaboration with Passion Jewellers, the Passion Diamond shoes features gold and hundreds of diamonds, including two imposing D-flawless diamonds of 15 carats each.

Sep 26, 2018

By Ken Sunny

Asian shares hover below 3-week high as Fed rate hike looms

The euro traded at $1.1765 EUR=, not far from three-month high of $1.18155 touched on Monday.

Sep 26, 2018

By Reuters

China senior diplomat says Beijing, Washington must avoid Cold War mentality

Chinese State Councillor Wang Yi said that the two countries would only lose if they confronted each other.

Sep 26, 2018

By Reuters

Will oil price stay higher after Opec-Russia output reduction?

Hike in oil prices? OPEC struggles to keep up production amid Trump's Iran sanctions

The output numbers for the month of August is likely to add more pressure on the oil-producing countries amid US President Donald Trump calling them to lower the oil prices.

Sep 24, 2018

By Reuters

Global Markets: Asian shares wobble as China cancels trade talks with US; oil rallies

U.S. stock futures were a touch weaker while MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 percent.

Sep 24, 2018

By Reuters

Turbines are seen in the power plant Limberg of Austrian hydropower producer Verbund near Kaprun, Austria,

Nepal restores $2.5 billion hydropower plant contract to Chinese firm

The $2.5 billion deal with the Gezhouba Group to build the Budhi Gandaki hydroelectric project was scrapped last year by the previous government.

Sep 24, 2018

By Reuters

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