Business News

SGX ekes out gain; ComfortDelGro rallies

Singapore stocks edged higher for a second day on Wednesday, led by gains in ComfortDelGro on potential alliance with Uber.

Aug 23, 2017

By Aastha Agnihotri

Hong Kong warns of highest-level storm as trading cancelled

Hong Kong raised its highest storm warning on Wednesday as Typhoon Hato hit the city with heavy winds and rain, forcing the city's stock exchange to cancel trading.

Aug 23, 2017

By Aastha Agnihotri

Global Logistic Properties says unit buys Hallmark for US$121.6 mln

Singapore-listed Global Logistic Properties said its unit CLF2 Singapore Pte. has acquired investment firm Hallmark International Investment for US$121.6 million.

Aug 23, 2017

By Aastha Agnihotri

KrisEnergy signs petroleum deal with Cambodia government

Oil and gas explorer KrisEnergy on Wednesday said it has signed an agreement with Cambodian government to develop nation's first oil field in Cambodia Block A in the Gulf of Thailand.

Aug 23, 2017

By Aastha Agnihotri

ComfortDelGro jumps 11% on potential Uber deal

Taxi operator ComfortDelGro surged as much as 11 percent on Wednesday amidst talks of a potential alliance with U.S.-based Uber Technologies.

Aug 23, 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 Capitaland new PE fund to ComfortDelGro's exclusive talks with Uber, get your daily dose of all the latest in the world of business right here.

Aug 22, 2017

By Aastha Agnihotri

ComfortDelGro in 'exclusive' talks with Uber to form alliance

Taxi operator ComfortDelGro on Tuesday said it is in "exclusive" talks with U.S.-based Uber Technologies to manage its fleet of vehicles and booking software solutions in Singapore.

Aug 22, 2017

By Aastha Agnihotri

Indian shares recoup losses; Infosys halts losing streak

Indian shares rebounded from two-day falls on Tuesday, tracking broader Asian shares after modest gains on Wall Street.

Aug 22, 2017

By Aastha Agnihotri

Singapore stocks snap 5-day losing streak

Markets are focusing on the annual conference of global central bankers hosted by the Kansas City Federal Reserve Bank at Jackson Hole, Wyoming.

Aug 22, 2017

By Aastha Agnihotri

Indian shares rebound as Infosys halts losing streak

Indian shares rebounded from two-day falls on Tuesday, tracking broader Asian shares after modest gains on Wall Street.

Aug 22, 2017

By Aastha Agnihotri

SGX snaps 5-day fall tracking recovery in Asia

Singapore stocks snapped 5-day declines on Tuesday, tracking broader Asian shares as Wall Street recovered from two straight sessions of decline in the previous session.

Aug 22, 2017

By Aastha Agnihotri

Hong Kong stocks climb 1%; China Overseas Land surges

Hong Kong equities rose for a second day on Tuesday, led by China Overseas Land following a solid first-half profit.

Aug 22, 2017

By Aastha Agnihotri

Singapore established advanced manufacturing centre in Guangzhou

IE Singapore and Ascendas-Singbridge set up Singapore Manufacturing Innovation Centre in Guangzhou to help Singapore technology companies partner Chinese enterprises in Industry 4.0 solutions.

Aug 22, 2017

By Kiersnerr Gerwin Tacadena

SBI Offshore CEO leaves; shares slump 8%

Catalist-listed SBI Offshore announced the departure of its Chief Executive Officer Chan Lai Thong, sending its shares down by as much as 7.5 percent.

Aug 22, 2017

By Aastha Agnihotri

TEE International plunges as buyout falls through

Shares in TEE International fell as much as 7 percent after trading resumed on Tuesday following the outcome of a scheme meeting.

Aug 22, 2017

By Aastha Agnihotri

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