Business News

India's Sensex slips below 33,000 as hopes for rate cut 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

Singapore shares falter on subdued Asia; Noble tumbles 7%

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

Nov 14, 2017

By Aastha Agnihotri

Cosco Shipping hits all-time high of S$0.61, volumes soar

Shares in Cosco Shipping, a provider of ship building and marine engineering services, jumped as much as 11 percent to a record high of S$0.61 on Tuesday in a weak broader market.

Nov 14, 2017

By Aastha Agnihotri

MoneyMax to buy pawn broking businesses worth S$18.3 mln in Malaysia

MoneyMax Financial on Tuesday said its unit Cash Online would acquire stakes in 13 entities that carry out pawn broking business in Malaysia for RM56.6 million (S$18.3 million).

Nov 14, 2017

By Aastha Agnihotri

Golden Agri Sept-qtr profit plunges 71% on tax woes, forex losses

Golden Agri-Resources, a producer of crude palm oil and palm kernel, on Tuesday reported a 71 percent slump in third-quarter profit due to the recognition of deferred tax income in the previous period.

Nov 14, 2017

By Aastha Agnihotri

Noble includes distribution unit in U.S. oil business sale to Vitol

Noble Group on Tuesday said it has amended its agreement to sell its U.S.-focused oil liquids business Noble Americas Corp (NAC) to rival Vitol Group.

Nov 14, 2017

By Aastha Agnihotri

India's Sensex drops 280 points ahead of inflation data

India shares fell on Monday, tracking lackluster Asian equities and amidst caution ahead of the consumer inflation data due later in the day.

Nov 13, 2017

By Aastha Agnihotri

Noble Group co-CEO quits unexpectedly, just days after US$1.2 bln loss

Noble Group's co-CEO Jeffrey Frase quit on Monday, a surprise move that comes just three days after embattled commodity trader reported a third-quarter loss of $1.17 billion.

Nov 13, 2017

By Aastha Agnihotri

Wilmar International Q3 profit falls as oil, sugar businesses drag

Singapore-based agribusiness giant Wilmar International on Monday posted a near 6 percent drop in third-quarter profit, hurt by weaker results in the tropical oils and sugar businesses.

Nov 13, 2017

By Aastha Agnihotri

Sembcorp expands India footprint with new wind power project

Singaporean conglomerate Sembcorp Industries on Monday said it secured a 250-megawatt project in India's second nationwide wind power tender.

Nov 13, 2017

By Aastha Agnihotri

SGX ends subdued; ComfortDelGro, Aspen jump 5%

Singapore stocks ended little changed on Monday, led by lenders such as United Overseas Bank but sentiment was cautious on account of weakness in Asian equities.

Nov 13, 2017

By Aastha Agnihotri

DBS cuts lending to beleaguered Noble Group: report

Embattled commodity trader Noble Group has lost support from one of its key banks as Singapore's DBS Group Holdings cut lending, Bloomberg reported on Monday.

Nov 13, 2017

By Aastha Agnihotri

India's Sensex drops; Idea Cellular falls after swinging to Sept-qtr loss

India shares fell on Monday, tracking lackluster Asian equities and amidst caution ahead of the consumer inflation data due later in the day.

Nov 13, 2017

By Aastha Agnihotri

Emirates takes luxury to next level with upgraded first-class cabins

Emirates unveiled completely refreshed interiors for its Boeing 777 aircraft, as the world's largest international airline takes the on-air luxury and privacy to the next level.

Nov 13, 2017

By Aastha Agnihotri

Singapore shares volatile; ComfortDelGro gains 2.5%

Singapore stocks were little changed on Monday, led by lenders such as United Overseas Bank but sentiment was cautious on account of mixed Asian equities.

Nov 13, 2017

By Aastha Agnihotri

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