Business News

Singapore stocks pause after logging best week in nine months

Singapore stocks edged lower on Monday as investors took a back-seat after the index posted its best weekly advance since January in the previous session.

Oct 9, 2017

By Aastha Agnihotri

Dove apologises for 'racist' Facebook ad

Skincare brand Dove apologised this weekend after publishing an advertisement on its Facebook page showing a black woman turning into a white woman.

Oct 9, 2017

By Aastha Agnihotri

Global Logistic Properties to delist from SGX by April 14

Global Logistic Properties (GLP), which was bought by a Chinese consortium for S$16 billion, said on Monday it received SGX approval to delist the company by April 14, 2018.

Oct 9, 2017

By Aastha Agnihotri

Keppel to list US REIT on Singapore Stock Exchange

Singapore conglomerate Keppel Corp said it received an eligibility-to-list letter from the SGX for the proposed initial public offering of a U.S. commercial real estate investment trust on the mainboard.

Oct 9, 2017

By Aastha Agnihotri

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

Sembcorp Marine's unit signs S$1.77 bln deal with Borr Drilling

Sembcorp Marine said its unit PPL Shipyard signed agreements for the sale of nine Pacific Class 400 jackup drilling rigs for about US$1.3 billion.

Oct 9, 2017

By Aastha Agnihotri

Noble clarifies to SGX on North America business sale

Commodity trader Noble Group on Monday said it will announce the consideration paid by Mercuria Energy America Inc for its unit after adjustments for closing date net working capital.

Oct 9, 2017

By Aastha Agnihotri

Elon Musk wants to save Puerto Rico with solar power

Much of Puerto Rico is still without power after The island was devastated by Hurricane Maria in September. But Tesla CEO Elon Musk says he can rebuild Puerto Ricos power grid with solar power.

Oct 7, 2017

By Staff Reporter

Elon musk

Watch: Trump repeatedly says Puerto Rico with a weird Spanish accent

President Trump said Puerto Rico with a spanish-sounding accent three times in a row while speaking during a Hispanic Heritage Month event.

Oct 7, 2017

By Staff Reporter

SIA Engineering teams up with Air India to provide aviation services

Aircraft maintenance company SIA Engineering on Friday said it would collaborate with Air India's subsidiary to provide maintenance, repair and overhaul services in India.

Oct 6, 2017

By Aastha Agnihotri

Indian shares post first weekly gain in three, Tata Steel jumps 5%

Indian shares rose for fifth straight session and posted their first weekly gain in three on Friday, led by Tata Steel on strong quarterly production numbers.

Oct 6, 2017

By Aastha Agnihotri

Fullerton eyes S$300 million IPO to drive regional expansion

Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Singapore Airlines' overhaul to Normanton Park sale, get your daily dose of all the latest in the world of business right here.

Oct 6, 2017

By Aastha Agnihotri

SGX advances tracking gains across Asia; Lenders rise

Asian stocks rose after optimism over U.S. tax reform plans lifted Wall Street shares to new highs.

Oct 6, 2017

By Aastha Agnihotri

Indian shares rally; PSU banks gain on govt stake sale hopes

Indian shares extended gains on Friday, led by oil and banking shares while positive Asian sentiment also supported risk appetite.

Oct 6, 2017

By Aastha Agnihotri

Singapore central bank to spearhead harnessing of blockchain tech for interbank payments

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are commencing the second phase of Project Ubin as they explore the use of blockchain tech in interbank payments.

Oct 6, 2017

By Kiersnerr Gerwin Tacadena

Singapore stocks rally for second day as lenders advance

Singapore stocks gained for a second day on Friday, led by financials while positive Asian sentiment also supported risk appetite.

Oct 6, 2017

By Aastha Agnihotri

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