Articles by Aastha Agnihotri

Singapore shares end little changed; mm2 Asia falls nearly 3%

Singapore stocks ended little changed on Friday, dragged lower by lenders such as United Overseas Bank on bad loans worries but gains in other Asian equities capped losses for domestic stocks.

Nov 3, 2017

Singapore boosts investments in artificial intelligence to drive growth

Singapore will launch a series of artificial intelligence (AI) initiatives to drive the adoption of frontier technologies for the desired economic impetus, the city-state's communications minister said on Friday.

Nov 3, 2017

Artificial intelligence

Indian shares rally as new Fed pick calms investors

India shares edged higher on Friday, tracking gains in other Asian equities after the announcement of a new U.S. Federal Reserve chief.

Nov 3, 2017

Singapore police looking into Goldman's role in 1MDB scandal: report

Singapore police is examining Goldman Sachs Group Inc.'s relationship with the Malaysian state investment fund at the center of global money laundering probes, Bloomberg reported on Friday.

Nov 3, 2017

SGX extend losses; UOB falls as bad loans offset upbeat profits

Singapore stocks fell for a second session on Friday, dragged lower by lenders such as United Overseas Bank after Singapore's smallest listed bank reported new nonperforming assets in the third quarter.

Nov 3, 2017

All about Jerome Powell: The richest new U.S. Fed Governor

U.S. President Donald Trump on Thursday announced Federal Reserve board member Jerome Powell as his nominee for the next chair of the Federal Reserve.

Nov 3, 2017

A $100 bln semiconductor firm leaves Singapore for U.S.

U.S. President Donald Trump said semiconductor company Broadcom will relocate its headquarters to the U.S. from Singapore.

Nov 3, 2017

mm2 Asia posts over two-fold rise in quarterly profit

Media content provider mm2 Asia on Friday said net profit more-than-doubled in the second quarter, boosted by growth at its events production and concert promotion business.

Nov 3, 2017

Manulife U.S. REIT quarterly DPU beats projection, shares rise

Manulife U.S. Real Estate Investment Trust on Friday reported a better-than-expected quarterly distribution per share (DPU), powered by higher net property income and lower interest costs.

Nov 3, 2017

5 things you need to know about United Overseas Bank results

Singapore's smallest listed lender United Overseas Bank (UOB) on Friday reported a 12 percent increase in its third-quarter net profit.

Nov 3, 2017

Indian shares subdued; Pharma stocks top gainers

India shares edged little changed on Thursday, tracking gains in other Asian equities but selling pressure in autos and metals kept gains in check .

Nov 2, 2017

United Overseas Bank says Chairman Hsieh to retire next year

United Overseas Bank on Thursday said its Chairman Hsieh Fu Hua will retire next year and that the board has nominated independent director Wong Kan Seng to take over the position.

Nov 2, 2017

SembCorp signs long-term power supply deal with Myanmar

Sembcorp Industries third-quarter profit drops as costs rise

Utility services provider Sembcorp Industries on Thursday said net profit fell 37.7 percent in the third-quarter, hurt by weak performance of its marine business and higher finance costs.

Nov 2, 2017

StarHub takes 9% stake in mm2 Asia to drive pay TV offerings in Singapore

StarHub quarterly profit drops as mobile subscriber base dwindles

Telecoms service provider StarHub on Thursday reported an 11.5 percent fall in third-quarter net profit, hurt by lower revenues from voice, broadband and pay TV services.

Nov 2, 2017

Singapore shares fall as lenders drag; StarHub earnings in focus

Singapore stocks fell on Thursday, dragged lower by lenders such as DBS and OCBC Bank amidst caution ahead of a U.S. tax bill from Republicans later in the day.

Nov 2, 2017

Indian shares advance in line with Asia on Fed optimism

India shares edged higher on Thursday, tracking gains in other Asian equities following an optimistic appraisal of economic conditions by the U.S. Federal Reserve.

Nov 2, 2017

Visa gives green light to Monaco cryptocurrency card for Singapore users

Visa Inc has approved a prepaid card backed by the cryptocurrency Monaco, in an effort to increase its hold in the digital currencies space.

Nov 2, 2017

SGX falls as lenders drift lower; mm2 Asia down about 3%

Singapore stocks fell on Thursday, dragged lower by lenders such as DBS and OCBC Bank amidst caution ahead of a U.S. tax bill from Republicans later in the day.

Nov 2, 2017

Singapore Airlines temporarily shuts down Jakarta ticketing office

Singapore Airlines tries to woo elite travelers with new suites upgrades

Singapore Airlines upgraded its first class suites meant for the most premiere of its customers, as part of an $850 million product investment to fend off competition from Middle Eastern rivals.

Nov 2, 2017

Singapore's DBS unveils world's largest banking API platform

Singapore's largest lender DBS Bank on Thursday launched the world's largest banking application programming interface (API) developer platform.

Nov 2, 2017

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