Company News – Latest Companies news and Analysis IBTimes Singapore

McDonald's sells controlling stake in China, Hong Kong business

Offloading of restaurants will help McDonald's go light on operations while keeping a cut of the sales.

Jan 9, 2017

By Jacob J

Singapore central bank shuts down Faclon Bank operations

Falcon Bank manager charged in Singapore over 1MDB money laundering

Swiss national Jens Fred Sturzenegger plans to plead guilty to charges.

Jan 5, 2017

By Jacob J

Singapore: Inchcape to sack 120 workers amid gloomy economic outlook

It is also reported that the company is likely to move its finance and IT functions out of Singapore

Dec 30, 2016

By Bihu Ray

Hyundai Heavy, Daewoo Shipbuilding and Samsung Heavy job cuts

Korean ship builders to be in choppy waters until oil climbs back into $70 levels

Debt pile is the biggest in 20 years and there are doubts if shipbuilders like Daewoo, Samsung and Hyundai will be able to avoid default.

Dec 24, 2016

By Jacob J

Deutsche Bank to pay $7.2 bln to settle US Justice Department investigation

Deutsche Bank will pay a $3.1 billion in penalty and 4.1 billion in relief to consumers under deal with DoJ.

Dec 23, 2016

By Jacob J

Singapore orders closure of Swiss bank BSI linked to 1MDB

Ex-BSI banker Yeo Jiawei sentenced to 30 years in jail over 1MDB scandal

Yeo Jiawei was accused of brokering illegal transactions involving 1MDB funds and trying to influence witnesses in the case.

Dec 22, 2016

By Jacob J

Singapore: Director of TAC Contracts jailed 30 months for corruption

Ling was found guilty of giving corrupt payments to his clients after his company secured jobs with them.

Dec 22, 2016

By Bihu Ray

South China Sea: Beijing releases US drone after Trump snub

Etihad cuts jobs in cost reduction drive as Gulf carriers face long-haul blues

Etihad says there will be "a measured reduction of headcount in some parts of the business."

Dec 20, 2016

By Jacob J

Yahoo CEO Marissa Mayer talks about strategic alternatives

Yahoo reveals new hack exposed 1 bln user accounts; Verizon says integration is on

The latest data breach revelation gives Verizon more room to push for a better deal with Yahoo.

Dec 15, 2016

By Jacob J

Temasek hires Goldman executive to ramp up North America business

Singapore sees higher number of M&A deals in 2016 but deal values plummet

The rise in deal volumes in Singapore was mainly driven by the rise in transactions done by state wealth funds GIC and Temasek Holdings

Dec 14, 2016

By Jacob J

Honda invests in SE Asian ride hailing service Grab in latest funding round

Grab, which has over 24 million app downloads, is facing rough competition in Indonesia from local player Go-Jek.

Dec 12, 2016

By Jacob J

Singapore-Malaysia high speed rail: China ahead in race for contract as Japan pushes hard

The role of Singapore in the high speed rail link project will also weigh in when the bidders are assessed.

Dec 12, 2016

By Jacob J

Singapore anti-corruption bureau arrests Pacific Radiance executive director

Pacific Radiance reported losses in Q2 and said in August it noticed "doubtful receivables" on balance sheet.

Dec 6, 2016

By Jacob J

Singapore's GIC to invest $387 mln in Indonesian retail firm

Singapore sovereign fund GIC invests $370 million in Indonesian theatre chain

The latest investment reflects GIC's growing confidence in Indonesia's long- term growth potential.

Dec 6, 2016

By Jacob J

Singapore slaps S$5 million fine on Standard Chartered bank after money laundering probe

The central bank said it did not find evidence for "wilful misconduct" on the part of Standard Chartered bank.

Dec 2, 2016

By Jacob J

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India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

By Danish Manzoor

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Company News – Latest Companies news and Analysis IBTimes Singapore

McDonald's sells controlling stake in China, Hong Kong business

Falcon Bank manager charged in Singapore over 1MDB money laundering

Singapore: Inchcape to sack 120 workers amid gloomy economic outlook

Korean ship builders to be in choppy waters until oil climbs back into $70 levels

Deutsche Bank to pay $7.2 bln to settle US Justice Department investigation

Ex-BSI banker Yeo Jiawei sentenced to 30 years in jail over 1MDB scandal

Singapore: Director of TAC Contracts jailed 30 months for corruption

Etihad cuts jobs in cost reduction drive as Gulf carriers face long-haul blues

Yahoo reveals new hack exposed 1 bln user accounts; Verizon says integration is on

Singapore sees higher number of M&A deals in 2016 but deal values plummet

Honda invests in SE Asian ride hailing service Grab in latest funding round

Singapore-Malaysia high speed rail: China ahead in race for contract as Japan pushes hard

Singapore anti-corruption bureau arrests Pacific Radiance executive director

Singapore sovereign fund GIC invests $370 million in Indonesian theatre chain

Singapore slaps S$5 million fine on Standard Chartered bank after money laundering probe

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's