Business News

Indian shares fall; Fortis climbs 10% after proposed deal to buy Singapore's RHT Health

Equities in Asia edged lower after weaker crude oil prices took a toll on Wall Street. Index of Asia-Pacific shares outside Japan was down 0.16 percent.

Nov 15, 2017

By Aastha Agnihotri

Terrorism claims fewer lives globally in 2016, but spread in the West

The total number of deaths caused by terrorism around the world fell for the second straight year, even as 2016 was recorded the third deadliest year since 2000, according to a global study.

Nov 15, 2017

By Aastha Agnihotri

Cab hailing firm Ryde offers carpool services for school children

Ride-sharing app Ryde is offering carpooling service to school children in an effort to reduce fuel costs.

Nov 15, 2017

By Aastha Agnihotri

Singapore train collides with stationary train leaving 23 injured

At least 23 people were injured when Singapore's mass-rapid rail system suffered a collision when a train operated by SMRT Corp hit another stationary one on Wednesday.

Nov 15, 2017

By Aastha Agnihotri

SGX falls for fourth day; RHT Health Trust rallies 12% after Fortis offer

Singapore stocks fell for a fourth session on Wednesday, tracking weakness in other Asian equities after weaker crude oil prices took a toll on Wall Street.

Nov 15, 2017

By Aastha Agnihotri

Olam International Q1 net profit surges more than 200 percent

Olam International Q3 profit rises as edible nuts business grows

Olam International on Wednesday said net profit rose 17.5 percent in the third quarter due to strong volume growth and improved operational performance across most segments .

Nov 15, 2017

By Aastha Agnihotri

SingPost Q2 profit falls on absence of one-off gain, costs spike

Singapore Post, which provides domestic and international postal services, reported a 9.5 percent drop in second-quarter profit due to lower domestic mail revenue, higher costs and lack of one-off gains.

Nov 15, 2017

By Aastha Agnihotri

Alliance Mineral requests trading halt pending announcement

Alliance Mineral Assets, an explorer and excavator of minerals, on Wednesday requested for a trading halt pending the release of an announcement.

Nov 15, 2017

By Aastha Agnihotri

India's Fortis proposes to buy RHT Health Trust for S$966 mln; shares jump 12%

Singapore-listed health care company RHT Health Trust on Wednesday said India's Fortis Healthcare proposed to buy the entire asset portfolio of the firm for 46.5 billion Indian rupees (S$965.95 million).

Nov 15, 2017

By Aastha Agnihotri

Noble Group in talks with "various stakeholders" to address financial woes

Noble Group on Wednesday said it was in preliminary talks with "various stakeholders" to address the company's deteriorating financial position.

Nov 15, 2017

By Aastha Agnihotri

Indian shares drift lower as rate cut hopes fade

Indian shares extended fall on Tuesday, tracking lackluster Asian equities and amidst reduced chances of a rate cut by the central bank after retail inflation quickened to a seven-month high.

Nov 14, 2017

By Aastha Agnihotri

Cosco Shipping appoints Wang Kang Tian as CFO

Cosco Shipping, a provider of ship building and marine engineering services, on Tuesday appointed Wang Kang Tian as the chief financial offer, effective immediately.

Nov 14, 2017

By Aastha Agnihotri

Singapore shares fall; Noble, Wilmar International tumble

Singapore stocks fell on Tuesday, tracking weakness in other Asian equities following disappointing China data.

Nov 14, 2017

By Aastha Agnihotri

Singtel initiates sale of Singapore's Hill Street property

Real estate services and investment firm CBRE on Tuesday announced the launch of the public tender of Singapore Telecommunications' Hill Street property in Singapore.

Nov 14, 2017

By Aastha Agnihotri

MAS unveils new tie-ups as the world's largest fintech event kicks off in Singapore

The Monetary Authority of Singapore (MAS) unveiled new fintech initiatives as the second edition of the Singapore FinTech Festival began on Monday.

Nov 14, 2017

By Aastha Agnihotri

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