Singapore sticks to tight monetary policy, Q3 growth disappoints
SINGAPORE - Singapore's central bank cut its forecasts for headline and core inflation this year but stuck to its tight monetary policy as expected on Tuesday, saying core inflation is likely to stay...
View ArticleSelf-made millionaire's passion for art
KOREA - As a collector, artist and businessman, Kim Chang-il, president of Arario Group, has for decades run his own company while following his passion for art.This year, the self-made...
View ArticleSingapore's DBS seeks new insurance tie-up, hires adviser: Sources
SINGAPORE/HONG KONG - Singapore's DBS Group Holdings has hired Morgan Stanley to find a partner to sell life insurance products in Asia under a new deal, after its pact with Aviva Plc ends in 2015,...
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Singapore's economy grows 2.4% in the third quarter
SINGAPORE - Singapore's economy grew 2.4 per cent in the third quarter compared with a year ago, advance estimates from the Ministry of Trade and Industry (MTI) showed Tuesday morning, similar to the...
View ArticleTaiwanese market sees large outflow of foreign capital
TAIPEI, Taiwan - Amid the massive pullback of foreign capital, foreign institutional investors (FINIs) in Taiwan recorded a net fund outflow of US$256 million (S$325 million) last week - the second...
View ArticleAsia markets up on bargain-buying, strong yen hits Tokyo
HONG KONG - Asian markets mostly rose Tuesday on bargain hunting, but Tokyo took a thumping as traders returned from a long weekend to a much stronger yen.The broad gains came despite another heavy...
View ArticleSingapore economy returns to growth in third quarter
SINGAPORE - Singapore's economy returned to growth in July-September, reversing contraction in the previous three months, owing to a pick-up in the city-state's key manufacturing sector, the government...
View ArticleResale prices of non-landed private homes dip in September, but volume increases
SINGAPORE - Resale prices of non-landed private homes fell 0.3 per cent in September from the previous month, SRX Property said in its flash report on Tuesday.The lower figure was attributed to a 2.1...
View ArticleChinese continue to snap up properties in US
Chinese investment in US real estate will grow "dramatically" in the coming years as Chinese investors continue to bring capital to a more stable property market, according to commercial real estate...
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Europe and US woes send STI sliding
SINGAPORE - Bargain hunters kept the market in positive territory for a spell yesterday, but caution re-asserted itself and wiped away any gains.At one point, the Straits Times Index (STI) hit 3,211.66...
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Govt measures starting to bite, MTI data shows
SINGAPORE - The latest set of economic numbers released by the Ministry of Trade and Industry (MTI) yesterday morning show that property-cooling measures and foreign-manpower curbs have started to...
View ArticleTop 10 richest real estate tycoons in China
Real estate tycoon Wang Jianlin continued to be on top of the Hurun Real Estate Rich List, the Hurun research institute said in a report based on the 2014 list, though the average wealth of the...
View ArticleMerck chairman offers secret to success
KOREA - Johannes Baillou, chairman of the board of partners at E. Merck KG, the holding company of Merck Group, visited the Korea Electronics Show at Ilsan Kintex and the 15th World Knowledge Forum at...
View ArticleTing Hsin may dump stake in Wei Chuan
TAIPEI, Taiwan - As the nation unites to boycott products and services offered by Ting Hsin International Group, the company is allegedly pondering backing off from its reinvestment businesses Wei...
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Apple, Facebook will pay for female employees to freeze their eggs
Apple Inc (AAPL.O) and Facebook Inc (FB.O) will help pay for female employees to freeze their eggs, signaling a willingness to spend on perks and benefits in a race to acquire top-flight talent.From...
View ArticleFacebook challenging Google in online ad market
NEW YORK - For years, Google has been the undisputed leader in online advertising, but Facebook is gaining quickly in the fast-evolving market.Google is still collecting about a third of the US$140...
View ArticleJournalist links GoPro camera to Michael Schumacher's injuries, shares fall
GoPro Inc's shares fell as much as 16 per cent on Monday after a French journalist suggested that Formula One legend Michael Schumacher's injuries in a ski accident last year might have been caused by...
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