Business News

Hurricane Harvey is likely to be the costliest natural disaster in US history

Hurricane Harvey has amounted to a loss worth $23 billion in US.

Sep 1, 2017

By Staff Reporter

Indian shares drift higher; Dr. Reddy's climbs

Indian shares rose on Friday, led by gains in drug makers such as DR. Reddy's and Sun Pharma and amisdt positive global cues.

Sep 1, 2017

By Aastha Agnihotri

SembCorp industries posts 56% drop in third quarter profits

SembMarine ends contracts worth US$400 mln with Malaysia's Perisai

Mainboard-listed yard group, Sembcorp Marine's unit PPL Shipyard has terminated two contracts worth about US$400 million with the subsidiaries of Malaysia's Perisai Petroleum Teknologi Bhd.

Sep 1, 2017

By Aastha Agnihotri

Happy Chocolate Day 2017: Top 10 Chocolate Day wishes for your partner

Wilmar teams up with Singapore's Aalst in chocolate making

Singapore-based agribusiness giant Wilmar International said it bought 50 percent stake in Aalst Chocolate Pte in a bid to expand the business portfolio of chocolate ingredients in Asia.

Sep 1, 2017

By Aastha Agnihotri

Emas Offshore initiates restructuring as white knight emerges

Singapore-listed EMAS Offshore, a unit of Ezra Holdings, said it has started its restructuring process after signing a binding term sheet with potential investors.

Sep 1, 2017

By Aastha Agnihotri

Singapore financial markets shut due to Eid

Markets will resume trading on Monday, September 4.

Sep 1, 2017

By Aastha Agnihotri

Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Yangzijiang Shipbuilding share plunge to Singapore Airlines' codeshare agreement, get your daily dose of all the latest in the world of business right here.

Aug 31, 2017

By Aastha Agnihotri

Indian shares gain on the final day of F&O expiry

Indian shares ended higher on the final day of August derivatives contract expiry, led by gains in energy stocks such as Reliance Industries and Bharat Petroleum.

Aug 31, 2017

By Aastha Agnihotri

Singapore stocks extend gaining streak to fourth day

Singapore stocks gained for a fourth session on Thursday, led by lenders such as OCBC and United Overseas Bank.

Aug 31, 2017

By Aastha Agnihotri

Singapore Airlines orders 39 Boeing aircraft for $19.5 billion

Singapore Airlines signs codeshare deal with Alaska Airlines in N. America push

Singapore Airlines on Thursday signed a codeshare agreement with Alaska Airlines in a bid to expand its footprint in the North American market.

Aug 31, 2017

By Aastha Agnihotri

Indian shares fall on F&O expiry day

Indian shares edged lower on the final day of August derivatives contract expiry.

Aug 31, 2017

By Aastha Agnihotri

GLP reports 52% rise in Q2 net profit as China rentals rise

SGX gains for fourth day as lenders advance

Singapore stocks gained for a fourth session on Thursday, led by lenders such as OCBC amidst improved global risk appetite following upbeat Chinese and U.S. economic news.

Aug 31, 2017

By Aastha Agnihotri

Qantas re-routes Sydney-London flights via Singapore

Australian national carrier Qantas Airways on Thursday said it will fly from Sydney to London via Singapore instead of Dubai as the airline extends its partnership with Gulf carrier Emirates.

Aug 31, 2017

By Aastha Agnihotri

Singapore's Cosco Shipping gets shareholders nod for S$297.1 mln sale

Cosco Shipping International on Thursday said it received shareholders' approval for the 1.47 billion yuan (S$297.1 million) divestment of its loss-making yard operations.

Aug 31, 2017

By Aastha Agnihotri

Singapore-based Sembcorp buys India renewable energy business

Singaporean conglomerate Sembcorp Industries on Thursday said it has increased its stake in India-focused renewable energy, bringing its total ownership to 100 percent.

Aug 31, 2017

By Aastha Agnihotri

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