Barclays sued by California utility over alleged electric market manipulation
A California water utility filed a class action lawsuit on Tuesday to recoup losses in the electric market that it blames on Barclays Bank Plc, which the US government fined US$453 million in 2013 for...
View ArticleFord joins competitors in growing car-sharing field
Ford Motor Co will test new car-sharing programs with US and UK partners as part of a strategy to embrace alternatives to traditional car ownership, including more flexible on-demand models.Ford's...
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May marks longest run of negative inflation in six years
INFLATION came in below zero for the seventh consecutive month in May - the longest run of negative inflation in six years.While the headline number did not surprise economists, they were caught...
View ArticleOil prices climb on stronger demand, uncertainty over Iran deal
SINGAPORE, June 24 (Reuters) - Oil prices rose in Asian trade on Wednesday on hopes for stronger than expected US crude demand, while doubts over reaching an agreement next week over Iran's nuclear...
View ArticleNoble Group appoints COFCO's president to board
SINGAPORE - Singapore-listed commodity trader Noble Group Ltd has appointed Yu Xubo, president of state-owned Chinese food processing firm COFCO Corporation, as a non-executive director, Noble said on...
View ArticleOil prices rise further in Asia
Oil prices extended their gains in Asia Wednesday on expectations of a decline in US crude inventories and robust economic data from the eurozone, analysts said.US benchmark West Texas Intermediate for...
View ArticleAustralia to be sixth-biggest shareholder in AIIB
The Australian government on Wednesday said it would contribute A$930 million (S$964million) over five years to the new China-led Asian Infrastructure Investment Bank (AIIB), making it the...
View ArticleOil prices rise further in Asia
Oil prices extended their gains in Asia Wednesday on expectations of a decline in US crude inventories and robust economic data from the eurozone, analysts said.US benchmark West Texas Intermediate for...
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MAS raps SGX for market outage lapses
The Singapore Exchange (SGX) failed to meet standards for service recovery in its massive three-hour market meltdown last November and needs to buck up, the Monetary Authority of Singapore (MAS) said...
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1MDB investigations will continue
The Public Accounts Committee (PAC) probe into 1Malaysia Development Berhad (1MDB) will not be influenced by the arrest of a former PetroSaudi International employee - at least for now."The PAC...
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6 S'pore firms on Forbes Asia's "Best Under A Billion" list
SINGAPORE - Six companies from Singapore have made it to this year's Forbes Asia's "Best Under A Billion" list, three more than in 2014.The companies include Cordlife Group, Hock Lian Seng, Pacific...
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SGX to spend $20m on infrastructure upgrade
A LARGE part of the $20 million that the Singapore Exchange (SGX) will spend on infrastructure upgrades will go towards setting up a command centre so it can react better when future glitches...
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New tender called for Fernvale site originally awarded to firm for temple...
SINGAPORE - A new tender has been called at the Sengkang site originally awarded to a commerical firm to build a Chinese temple housing a columbarium.An outcry from residents in the area had led the...
View ArticlePort of Singapore voted best seaport in Asia for 27th time
SINGAPORE - The Port of Singapore has been voted the best seaport in Asia at the 2015 Asia Freight, Logistics and Supply Chain (AFLAS) awards.This is the 27th time that it has won the award, which was...
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46% Internet users believe over-the-counter-banking safer than online
SINGAPORE - 46 per cent of Internet users believe traditional over-the-counter banking is safer than banking online, according to a survey carried out by cybersecurity firm Kaspersky Lab and B2B...
View ArticleStandard Life shuts Singapore insurance business
LONDON - Insurer and asset manager Standard Life said on Thursday it was closing its insurance operation in Singapore as it focuses on its Chinese and Indian joint ventures and its asset management...
View ArticleS.Korean won down for a fourth day, shares capped on Greek uncertainty
The South Korean won declined for a fourth straight day against the dollar on Friday as yet another failure by Greece to reach a deal with its foreign creditors dented appetite for riskier assets.The...
View ArticleHSBC ends marketing tie-up with Markit to produce China purchasing managers...
HSBC has ended its marketing tie-up with financial information firm Markit Ltd to produce the China Purchasing Managers Index (PMI), an HSBC spokesperson in Shanghai told Reuters on Friday.The...
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