Business News

City Developments seals S$3.63 bln deal with London-listed hotelier M&C

London-listed hotel arm Millennium & Copthorne (M&C) Hotels agreed accepted about 2 billion pounds (S$3.63 billion) offer from its majority shareholder City Developments after an earlier bid was rebuffed by minority investors.

Dec 11, 2017

By Aastha Agnihotri

Australian to auction $13m in confiscated bitcoins

Bitcoin drops after hitting record high in Japan

The most popular cryptocurrency continues to make new records daily, showing a sustained rise - despite ups and downs - since the beginning of this year.

Dec 8, 2017

By IANS

India's Sensex rallies 300 points on positive Asian cues; ITC gains 4%

Indian stocks gained on Friday, as stronger-than-expected China trade data and the U.S. government avoiding a shutdown buoyed risk sentiment.

Dec 8, 2017

By Aastha Agnihotri

ComfortDelGro inks S$642 mln deal with Uber as competition grows

Singapore's largest taxi company, ComfortDelGro on Friday said it entered into an agreement with U.S.-based ride-hailing firm Uber Technologies to manage its fleet of vehicles and booking software solutions in Singapore.

Dec 8, 2017

By Aastha Agnihotri

Singapore stocks climb over 1%, their best gain in three weeks

Singapore shares rose more than 1 percent on Friday, marking their biggest gain in close to three weeks.

Dec 8, 2017

By Aastha Agnihotri

Apple may offer metal casing instead of glass back for iPhones next year: report

Apple is reportedly working on a 6.1-inch LCD iPhone with a metal casing, Nikkei Asian Review reported on Thursday citing an unnamed source.

Dec 8, 2017

By Aastha Agnihotri

Indian shares advance tracking gains in Asia on China data

Indian stocks gained on Friday, as stronger-than-expected China trade data and the U.S. government avoiding a shutdown buoyed risk sentiment.

Dec 8, 2017

By Aastha Agnihotri

SGX posts biggest gain in three weeks on China trade data

Singapore shares rose nearly 1 percent on Friday, marking their biggest gain in close to three weeks,as stronger-than-expected China trade data and the U.S. government avoiding a shutdown buoyed risk sentiment.

Dec 8, 2017

By Aastha Agnihotri

What's driving the bitcoin's recent price rally?

Bitcoin topped to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week.

Dec 8, 2017

By Aastha Agnihotri

YouTube to launch music subscription service next year in third attempt: report

YouTube plans to introduce a paid music service in March, Bloomberg reported on Thursday.

Dec 8, 2017

By Aastha Agnihotri

Singapore's ComfortDelGro under pressure as ride-hailing rivalry heats up

Singapore's largest taxi company, ComfortDelGro is facing tough competition from private-hire services such as Uber and Grab, which make up half the market for point-to-point transport options.

Dec 8, 2017

By Aastha Agnihotri

Ellipsiz ends talks with 'third party' regarding a possible takeover deal

Ellipsiz, which offers products and services to the semiconductor industry, said that it was no longer in discussions with the 'third party' relating to the possible transaction involving the shares of the company.

Dec 8, 2017

By Aastha Agnihotri

Noble to sell U.S.-based ethanol business to Mercuria at a higher price

Embattled commodities trader Noble Group on Friday said it would sell its U.S.-based ethanol producing business to Mercuria Investments, instead of Zeeland Farm.

Dec 8, 2017

By Aastha Agnihotri

India's Sensex rebounds from six-week low; Bharti Airtel jumps 7%

Indian stocks gained more than a percent on Thursday, a day after the central bank kept the key interest rate unchanged.

Dec 7, 2017

By Aastha Agnihotri

Singapore stocks fall on weak global cues; Noble plunges 6%

Singapore stocks fell on Wednesday, taking cues from weak Asian shares as uncertainty over U.S. policy kept many investors on the sidelines.

Dec 7, 2017

By Aastha Agnihotri

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