More stimulus measures seen as China boosts economy
SHANGHAI - A reported US$81 billion (S$100.9 billion) injection into China's major banks is probably the first of a series of fresh stimulus measures by Beijing to boost its flagging economy, the...
View ArticleChina, Singapore slowdown weigh on Q3 Asia business sentiment
Business sentiment among Asia's top companies fell sharply in the third quarter, weighed down by worries about China's slowing economy, a possible end to the US Federal Reserve's stimulus policy and a...
View Article"Forced labour" rife in Malaysian electronics factories: Report
KUALA LUMPUR - Nearly a third of some 350,000 workers in Malaysia's electronics industry - a crucial link in the international consumer supply chain - suffer from conditions of modern-day slavery such...
View ArticleSony warns of $2.7 billion annual loss, blames mobile unit
TOKYO - Sony on Wednesday said it would lose $2.14 billion (S$2.7 billion) this fiscal year, more than four-times its earlier forecast as the Japanese electronics giant blamed a downturn in its mobile...
View ArticleFrance is 'sick', says economy minister
PARIS - Crisis-hit France is "sick", the country's new economy minister said on Wednesday, urging immediate reforms to tackle sky-high unemployment and an economy that has failed to grow in six...
View ArticleGerman brothers to make billions from Rocket e-commerce empire
BERLIN - Oliver Samwer and his brothers Marc and Alexander are on the brink of becoming Germany's newest billionaires with the flotations of Rocket Internet and the European online fashion site Zalando...
View ArticleMalaysia's Cagamas makes $308 million bond debut
KUALA LUMPUR - Malaysia's state-backed mortgage lender Cagamas made its overseas bond market debut on Wednesday after pricing a 1.5 billion renminbi (S$308 million) placing of three-year senior...
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5 important reasons why you need to plan for retirement now
What's the one thing that goes up but never goes down? Age.It doesn't matter whether you're 20, 40 or 60; you will never be able to stop time - and old age - from creeping up on you.And if there's...
View ArticleKenya's economy: Damaged but defiant a year after Westgate attack
NAIROBI - It was a symbol for Kenya's growing well-heeled middle class: a vast supermarket crammed with flat screen televisions, imported wines, and chilled cabinets of cheese and meats.But in a burst...
View ArticleG20 grapples with growth targets as eurozone drags
Finance ministers from G20 nations meet in Cairns this weekend as they grapple with how to achieve a lift in global growth by two per cent while being held back by a sickly eurozone...
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Interest of 4% on CPF Special, Medisave and Retirement accounts extended
SINGAPORE - Central Provident Fund (CPF) members will continue to earn at least 4 per cent interest per year on their Special, Medisave and Retirement Account savings for another year until Dec 31,...
View ArticleHyundai turns on Gangnam style to win $12.7 billion land bid
SEOUL - In a battle between South Korea's richest industrial giants, Hyundai outbid Samsung to grab Thursday a $10 billion (S$12.7 billion) plot of land in Seoul's upscale Gangnam district, which media...
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Household incomes up, rising most for the bottom fifth
SINGAPORE - Average monthly household incomes have risen across the board, with households in the bottom fifth seeing the biggest gains, according to the latest Household Expenditure Survey.Get the...
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Resident households spending rose, on higher quality and more expensive...
SINGAPORE - Households at all income levels expenditure rose 4.4 per cent a year on average over the five year period between 2008 and 2013.Get the full story from The Straits Times. The following is...
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Keppel Reit to buy one-third interest in Marina Bay Financial Centre Tower 3
KEPPEL REIT on Thursday said it is acquiring a one-third stake in Marina Bay Financial Centre (MBFC) Tower 3 for S$1.25 billion from Bayfront Development Pte Ltd, a wholly-owned subsidiary of Keppel...
View ArticleAlibaba sets IPO share price, to raise $31.7 billion
NEW YORK - Chinese online retail giant Alibaba is poised for a record-breaking stock market debut on Friday, with shares priced at $68 (S$86) in a public offering that could be valued at $25 billion...
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