Business News

ST Engineering Q2 profit drags; shares fall

Singapore Technologies Engineering on Friday reported a 12 percent decline in the second-quarter net profit due to an S$8.1 million loss from the marine sector.

Aug 11, 2017

By Aastha Agnihotri

City Developments CEO resigns; Q2 profit falls

Property developer City Developments on Friday said its Chief Executive Officer Grant Lewis Kelley has resigned and that it has appointed Sherman Kwek as CEO-designate with immediate effect.

Aug 11, 2017

By Aastha Agnihotri

Noble Group looks to raise $2.5 billion to refinance debt

Here's why Noble shares are up despite H1 loss, debt spike

Shares of debt-laden commodities trader Noble Group surged as much as 20 percent on Friday, despite the Hong Kong-based company reported a quarterly loss and a surge in debt.

Aug 11, 2017

By Aastha Agnihotri

Singtel profit hurt by Bharti Airtel, exceptional charges

Singtel on Friday reported a slightly 6 percent drop in first-quarter profit, hurt by lower contributions from its Indian associate and exceptional charges at Australian unit Optus.

Aug 11, 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 Noble Group massive losses to Wilmar International's profits, get your daily dose of all the latest in the world of business right here.

Aug 10, 2017

By Aastha Agnihotri

Indian shares extend fall; Tata Motors slumps

Indian shares fell for a fourth session on Thursday, dragged down by Tata Motors after disappointing outlook while geopolitical worries regarding North Korea also hampered risk appetite.

Aug 10, 2017

By Aastha Agnihotri

Noble posts $1.75 bln loss; debt continues to swell

Commodity trader Noble Group on Thursday posted a quarterly loss of as it tries to rope-in strategic investor to end restructuring.

Aug 10, 2017

By Aastha Agnihotri

Wilmar International swings to Q2 profit as grains business recover

Singapore-based agribusiness giant Wilmar International on Thursday swung to a second-quarter profit, helped by a recovery in oilseeds and grains businesses.

Aug 10, 2017

By Aastha Agnihotri

SGX ekes out gain amid weak global cues; DBS rises

Singapore shares snapped four-day fall on Thursday, led by gains in lenders such as DBS Group even as sentiment remained jittery due to lingering North Korea tensions.

Aug 10, 2017

By Aastha Agnihotri

DBS unveils Singapore's first bank-led car marketplace

DBS Bank launches Singapore's first online car marketplace in partnership with sgCarMart and Carro.

Aug 10, 2017

By Kiersnerr Gerwin Tacadena

Indian shares drift lower on weak global cues

Indian shares fell for a fourth session on Thursday due to the increasing tensions between the U.S. and North Korea after the two countries exchanged threats.

Aug 10, 2017

By Aastha Agnihotri

Singapore stocks edge higher; Venture Corp climbs 4%

Singapore shares snapped four-day fall on Thursday, led by gains in Venture Corp and DBS Group, even as global sentiment remained jittery due to lingering North Korea tensions.

Aug 10, 2017

By Aastha Agnihotri

Hong Kong stocks dive along with Asia on Korea tensions

Hong Kong equities fell for a second session on Thursday, losing more than 1 percent, following a sell-off in the U.S. and Europe on escalating geopolitical tensions.

Aug 10, 2017

By Aastha Agnihotri

Hong Kong trumps Tokyo as top commercial real estate investment market in Asia Pacific

According to the latest research by Real Capital Analytics, the completed sales of income-producing assets in Hong Kong reached US$8.3 billion.

Aug 10, 2017

By Kiersnerr Gerwin Tacadena

mm2 Asia still in talks to buy Golden Village; shares plunge

Media content provider mm2 Asia on Thursday said it is still in talks to buy 50 percent interest in Golden Village cinema business in Singapore.

Aug 10, 2017

By Aastha Agnihotri

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