Business News

Keppel's S$597 million Chinese divestment stalls amid legal hurdles

Conglomerate Keppel Corp's S$597 million divestment remained stalled after a minority shareholder of China marina project initiated legal proceedings in Singapore.

Dec 26, 2017

By Aastha Agnihotri

Oil rebounds after 8% fall as Iran says open to talks with Saudi Arabia

Sembcorp Marine to bear S$24 mln loss if West Rigel sale goes through

Sembcorp Marine on Tuesday said its unit Jurong Shipyard signed an agreement for the sale of the semi-submersible rig West Rigel to a buyer for US$500 million.

Dec 26, 2017

By Aastha Agnihotri

India's sensex jumps 180 points; Infosys hits over 1-year high

Indian stocks advanced on Friday, tracking gains in Asian equities after Wall Street rose on economic data pointing to steady economic growth in the United States.

Dec 22, 2017

By Aastha Agnihotri

Toast Box owner BreadTalk partners with 115-year-old Japanese trader to boost growth

Food and beverage maker BreadTalk Group on Friday said its unit Together Inc formed a joint venture agreement with Japanese trader Shinmei Co.

Dec 22, 2017

By Aastha Agnihotri

Singapore stocks gain after 6-day fall as lenders advance

Singapore shares edged up after six straight sessions of decline on Friday, buoyed by gains in financials.

Dec 22, 2017

By Aastha Agnihotri

Debt-laden Noble buys stake in Australia's Symbol Mining for A$375,000

Embattled commodities trader Noble Group on Friday said its unit, Noble Resources International bought a stake in Australia-listed Symbol Mining for A$375,000.

Dec 22, 2017

By Aastha Agnihotri

Indian shares gain along with Asia; SBI, Canara Bank rise 2%

Indian stocks advanced on Friday, tracking gains in Asian equities after Wall Street rose on economic data pointing to steady economy growth in the United States.

Dec 22, 2017

By Aastha Agnihotri

Singapore stocks snap 6-day losing streak; Lippo Malls falls on downgrade fears

Singapore shares edged up after six straight sessions of declines on Friday, buoyed by gains in financials.

Dec 22, 2017

By Aastha Agnihotri

Spackman buys advisory firm Constellation Agency for S$16.6 mln

Spackman Entertainment, a South Korean theatrical film production group, on Friday said it entered into deal to buy Constellation Agency for S$16.6 million.

Dec 22, 2017

By Aastha Agnihotri

Moody's reviews Lippo Malls Retail Trust's rating for downgrade, shares plunge

Moody's Investors Service has placed the Baa3 issuer rating of Lippo Malls Indonesia Retail Trust (LMIRT) on review for downgrade.

Dec 22, 2017

By Aastha Agnihotri

Singapore's competition watchdog asks public feedback on proposed ComfortDelGro-Uber deal

The Competition Commission of Singapore (CCS) is asking public for their feedback on the proposed collaboration between ComfortDelGro and Uber Technologies.

Dec 22, 2017

By Aastha Agnihotri

Indian shares end lackluster; RComm, Unitech jump on 2G case verdict

Indian stocks ended little changed on Thursday, as gains in pharma stocks were offset by the losses in lenders such as HDFC Bank and Kotak Mahindra Bank.

Dec 21, 2017

By Aastha Agnihotri

Sabana REIT appoints Aw Wei Been as acting CEO

Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (REIT) on Thursday appointed of Aw Wei Been as acting chief executive officer with effect from January 1.

Dec 21, 2017

By Aastha Agnihotri

Singapore assets under management growth declines year-on-year

MAS issues two 5-year prohibition orders on former DBS Vickers trader

The Monetary Authority of Singapore (MAS) on Thursday slapped two five-year prohibition orders against former DBS Vickers trader, Dennis Tey, for unauthorised trading and fraud.

Dec 21, 2017

By Aastha Agnihotri

Singapore stocks fall for sixth day; CapitaLand Commercial Trust falls 3%

Singapore shares dropped for a sixth straight session, hitting a two-week low, dragged down by financial and real estate stocks

Dec 21, 2017

By Aastha Agnihotri

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