Business News

Stock rotation to continue as Fed seen open to 2016 hike

As Fed nears rate hikes, policymakers prepare for next recession

Further rate hikes are expected to be few and far between as the US central bank tries to balance a desire to fuel growth against worries it could overheat the economy.

Aug 28, 2016

By Reuters

Oil prices fall as Saudi Arabia dampens prospects of output freeze

International benchmark Brent crude oil prices LCOc1 were trading at $49.46 per barrel at 0658 GMT, down 21 cents from their previous close.

Aug 26, 2016

By Reuters

Stock rotation to continue as Fed seen open to 2016 hike

Judging by the rotation that already started taking place in stocks, the market seems poised for higher rates.

Aug 20, 2016

By Reuters

Hitachi's brand campaign highlights aim to breathe new life into next era in technology

Hitachi says it aims to give greater purpose to the available data by combining artificial intelligence and advanced technology for a better tomorrow.

Aug 18, 2016

By Staff Reporter

Singtel to invest S$2.47b to buy stakes in InTouch, Bharti Telecom

Singtel to buy S$2.5 billion worth of shares in InTouch, Bharti from Temasek

The deal is expected to be completed by December.

Aug 18, 2016

By Samhati Bhattacharjya

Singapore June NODX fall 2.3% on-year due to weak China, Europe demand

Singapore exports decline 10.6% in July, demand remains weak

The International Enterprise (IE) Singapore report shows that NODX were affected by a decline in both electronic and non-electronic exports.

Aug 17, 2016

By Samhati Bhattacharjya

Asian stocks step back from one-year high after Fed rate talks

Wall Street shares also retreated from record highs, with the S&P 500 losing 0.55 percent.

Aug 17, 2016

By Reuters

Singapore: Sales of new private homes rises in July

Sales of new private homes in Singapore rises

The Urban Redevelopment Authority (URA) data shows 1,091 units were sold in July.

Aug 15, 2016

By Samhati Bhattacharjya

Noble Group looks to raise $2.5 billion to refinance debt

Noble Group swings to second-quarter net loss, restructuring gathers pace

Revenue at the Hong Kong-based company falls 32 percent to $12.5 billion.

Aug 11, 2016

By Reuters

China exports and imports fall more than expected in July due to weakening demand

China's exports and imports fall below expectation in July due to weakening demand

The General Administration of Customs say the pressure on exports is likely to relax at the beginning of the fourth quarter.

Aug 8, 2016

By Samhati Bhattacharjya

Taiwan Investment Commission all set to order Uber to exit market

Taiwan government all set to order Uber to exit market

The ground for cancellation is that Uber is registered as an information service company, but in reality it is operating ride services using private drivers without business permit.

Aug 3, 2016

By Samhati Bhattacharjya