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S'pore bourse rides on hopes of China rebound
The Singapore market will this week pin hopes on a strong rebound of China stocks and less volatility in the global bond market, if it is to have a chance to swing upwards, dealers say.But at home, a...
View ArticleAsia shares rise as China steps up support for economy
TOKYO - Asian shares rose on Monday as investors cheered China's latest cut to interest rates to bolster its flagging economy and as Wall Street rallied after a robust headline reading for US...
View ArticleEx-Madoff aide DiPascali, key state witness, dies before sentencing
NEW YORK - Frank DiPascali, epic fraudster Bernard Madoff's deputy and a key witness in the only US criminal trial to spill out of the collapse of his multibillion-dollar Ponzi scheme, has died, his...
View ArticleToshiba shares slump more than 16 per cent on accounting probe
TOKYO - Toshiba shares plunged more than 16 per cent Monday after the Japanese conglomerate withdrew its earnings forecast and said it won't pay a dividend, citing a probe into accounting...
View ArticleChina cuts interest rates to bolster real economy
The central bank cut interest rates for the third time in six months on Sunday to ward off the continuing downward pressure on economic growth.The People's Bank of China said on its website that it...
View ArticleSamsung heir faces leadership test
When Samsung Group chairman Lee Kun-hee was hospitalised after a severe heart attack on May 10 last year, the spotlight shone on his son Lee Jay-yong, vice chairman of Samsung Electronics.The...
View ArticleSamsung Group struggles to find new growth engine
With heir apparent Lee Jay-yong filling the management vacuum left by his ailing father, Samsung chairman Lee Kun-hee, South Korea's largest conglomerate is trying to find new growth engines, acquiring...
View Article9 office sins to steer clear of
We have all heard of (or seen first-hand) people doing some pretty crazy things at work.Truth is, you do not have to throw a chair through a window or quit in the middle of a presentation to cause...
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Govt could issue S$2-4b in Singapore Savings Bonds this year
The government could potentially issue between S$2 billion and S$4 billion of the new Singapore Savings Bonds (SSB) in 2015 alone, depending on demand. When the first tranche of these non-tradable...
View ArticleGreece makes progress but warns of cash crunch
BRUSSELS - Greece won limited support from the eurozone Monday for the progress it has made in difficult bailout talks but warned that Athens faced a cash crunch within two weeks without a...
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Warning over private housing glut in Johor
The nearly 336,000 private residential properties in the pipeline in Johor state are more than all the private homes currently standing in Singapore.Monetary Authority of Singapore (MAS) board member...
View ArticleJPMorgan, Barclays, other banks likely to plead guilty over forex rigging
NEW YORK - The parent companies or main banking units of as many as five major banks are expected to plead guilty to US criminal charges over manipulation of foreign exchange rates, people familiar...
View ArticleFitness software firm Mindbody files for IPO
Mindbody Inc, a maker of software to help run fitness and yoga studios, filed with US regulators on Monday for an initial public offering of common stock.Morgan Stanley, Credit Suisse and UBS...
View ArticleGaruda reverses losses, makes Q1 profit on sales, low fuel costs
Publicly listed national flag carrier Garuda Indonesia has reversed last year's massive losses to make a profit in the first quarter of this year, thanks to rising revenues and a drop in fuel...
View ArticlePursuing one-of-a-kind takoyaki flavour
Driven by a desire to open a store in Tokyo's Ginza district that had all the liveliness of the Tsukiji fish market, Morio Sase, president of HotLand Co., opened the first Tsukiji Gindaco takoyaki...
View ArticleChina may buy Thai rubber at price above market value
After leading a mission of Thai officials to Kunming, China, for a second meeting on agricultural-product co-operation, Commerce Minister Chatchai Sarikulya said yesterday that Thailand would soon get...
View ArticleLos Angeles homelessness rises 12 per cent amid slow economic recovery
LOS ANGELES - Los Angeles County's homeless population has grown by 12 per cent during the past two years amid a sluggish economic recovery that has left the poorest residents of the second-largest US...
View ArticlePhilippines to open construction sector to foreign companies
The Philippines is opening up the local construction and related industries to enable foreign companies to secure construction permits as regular contractors, and participate in local projects with...
View ArticleNon-FTA partners could see tariff exemptions
Indonesia is mulling exemptions of import tariffs on raw materials and intermediary goods for trading partners with which it has no free trade agreement (FTA), in a bid to boost its manufacturing...
View ArticleMazda makes Thailand its hub for parts exports
Mazda has designated Thailand as its spare-parts distribution hub for ASEAN and global exports, and has officially opened a new parts distribution centre in Samut Prakan in order to improve the quality...
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