US judge denies new government bid to remove WeChat from US app stores
[WASHINGTON] A US judge in San Francisco on Friday rejected a Justice Department request to reverse...
PUBLISHED Oct 24, 07:45 AM
Europe: Stocks rebound with banks in the lead
[BENGALURU] European stocks rose on Friday, boosted by positive earnings updates from Barclays and a...
PUBLISHED Oct 24, 06:05 AM
Nanofilm IPO shares priced at S$2.59; subscribed 19 times
NANOFILM Technologies, the spin-off company of Nanyang Technological University (NTU), on Friday lod...
PUBLISHED Oct 24, 05:50 AM
US early vote total crosses 50 million, signaling a record-smashing turnout
[WASHINGTON] More than 50 million Americans have cast ballots in the presidential election, an early...
PUBLISHED Oct 23, 11:08 PM
Parti Liyani case: Chief Justice allows probe into prosecutors
[SINGAPORE] Singapore's Chief Justice has given leave to commence investigations into a complaint of...
PUBLISHED Oct 23, 01:50 PM
Nanofilm's IPO shares priced at S$2.59, promising market cap of S$1.7b
NANOFILM Technologies, the spin-off company of Nanyang Technological University (NTU) on Friday lodg...
PUBLISHED Oct 23, 04:33 PM
US may file antitrust charges against Facebook as soon as November: Washington Post
[BENGALURU] Facebook may face US anti-trust charges as soon as November, the Washington Post reporte...
PUBLISHED Oct 24, 08:48 AM
Trump's disappearing populism goes on full display
ONE of the most quietly significant moments in Thursday night's presidential debate was also one of...
PUBLISHED Oct 24, 05:50 AM
Broker's take: DBS says Bukit Sembawang land bank undervalued, initiates with 'buy'
DBS Group Research has initiated coverage on Bukit Sembawang Estates with "buy" and a S$5.44 target...
PUBLISHED Oct 23, 12:41 PM
Daily Debrief: What Happened Today
Stories you might have missed
PUBLISHED Oct 23, 06:30 PM
WeWork default is a real possibility, warns Fitch Ratings
[NEW YORK] Fitch Ratings downgraded troubled co-working company WeWork and warned that the once high...
PUBLISHED Oct 23, 01:01 PM
Consulting firms facing remake as crisis hits demand for their services
CONSULTING firms will have to re-invent themselves amid the Covid-19 pandemic, as demand for traditi...
PUBLISHED Oct 23, 05:50 AM
T Anthony, retailer of US$17,000 luggage to stars, goes bankrupt
[NEW YORK] T Anthony, the Manhattan luggage maker favoured by the likes of Jacqueline Kennedy Onassi...
PUBLISHED Oct 24, 09:17 AM
Malaysia may proclaim 'economic emergency' to avert snap polls amid pandemic: sources
[KUALA LUMPUR] Malaysia's Cabinet has been locked in a special meeting since Friday morning, with th...
PUBLISHED Oct 23, 01:24 PM
Bridging the skills gap: Is education the key?
AS the hand-wringing and finger-pointing continue amid a deepening recession and rising joblessness,...
PUBLISHED Oct 24, 05:50 AM
Arnold Schwarzenegger says feeling 'fantastic' after heart surgery
[LOS ANGELES] Action star Arnold Schwarzenegger said on Friday he has had heart surgery but is feeli...
PUBLISHED Oct 24, 08:36 AM
Q3 private home prices up; new home sales double over previous quarter, but rents are down
A SHARP rebound in private home sales in both primary and secondary markets in the third quarter und...
PUBLISHED Oct 24, 05:50 AM
Malaysia: Shares close lower on Friday
MALAYSIA share prices closed lower on Friday, with the FTSE Bursa Malaysia Kuala Lumpur Composite I...
PUBLISHED Oct 23, 05:38 PM
US: S&P, Nasdaq close higher as stimulus talks in spotlight
[NEW YORK] The S&P 500 and Nasdaq closed modestly higher on Friday in choppy trading, with inves...
PUBLISHED Oct 24, 05:59 AM
Tesla to recall 30,000 cars from China over suspension defects
[BEIJING] US electric car manufacturer Tesla will recall almost 30,000 vehicles imported into China...
PUBLISHED Oct 24, 06:31 AM
Stocks to watch: Mapletree Commercial Trust, iFast, Straits Trading, Chip Eng Seng
THE following companies saw new developments that may affect trading of their shares on Friday:
PUBLISHED Oct 23, 08:55 AM
URA private home price index up 0.8% in Q3; rents fall, vacancies rise
THE Urban Redevelopment Authority (URA) said on Friday that its private home price index rose 0.8 pe...
PUBLISHED Oct 23, 08:39 AM
Straits Trading prices S$200m five-year notes at 3.75%
PROPERTY firm The Straits Trading Company will issue at par S$200 million worth of notes maturing on...
PUBLISHED Oct 23, 08:12 AM
David Hockney work sold by Royal Opera House fetches £12.9m
[LONDON] A painting by British artist David Hockney sold by the Royal Opera House in London to raise...
PUBLISHED Oct 23, 04:09 PM
Wells Fargo does U-turn on cutting perk for high-earning workers
[NEW YORK] On Wednesday, Wells Fargo & Co told high-earning employees it would stop matching con...
PUBLISHED Oct 24, 09:29 AM
Tokyo: Stocks close higher after US presidential debate
[TOKYO] Tokyo stocks closed higher on Friday as investors were relieved by the final and more civil...
PUBLISHED Oct 23, 02:28 PM
Bukit Sembawang's pivot to recurring income will boost dividends: DBS
DBS Group Research on Friday said Bukit Sembawang Estate's move to pivot its business model to build...
PUBLISHED Oct 24, 05:50 AM
China's purchases of US farm goods at 71% of target under trade deal: US
[WASHINGTON] China has substantially increased purchases of US farm goods and implemented 50 of 57 t...
PUBLISHED Oct 24, 07:23 AM
Hyflux unit's former employee sentenced to 10 days' jail in bribery case
[SINGAPORE] A former human resource manager of a Hyflux subsidiary asked and received some S$6,000 i...
PUBLISHED Oct 23, 01:03 PM
Malaysian PM seeks king's nod to declare state of emergency, sources say
MALAYSIAN Prime Minister Muhyiddin Yassin is reported to have asked the king to declare a state of e...
PUBLISHED Oct 24, 05:50 AM
Apple and Netflix discussed acquiring 'Bond' movie for streaming
[LOS ANGELES] Metro-Goldwyn-Mayer held discussions with Apple and Netflix about taking its new James...
PUBLISHED Oct 24, 08:05 AM
One Asia Investment Partners' former managing director charged
A 41-year-old former chief investment officer and managing director of the now-defunct fund manager...
PUBLISHED Oct 23, 05:50 AM
Restaurants come back from the brink
BARELY two months ago in August, restaurateur Wang Yanqing was in dire straits. The former Chinese T...
PUBLISHED Oct 23, 05:50 AM
The hidden dragon of 2020
BATTLING through a turbulent year, investors have come to terms with dramatic changes in the corpora...
PUBLISHED Oct 24, 05:50 AM
MUFG rules out more job cuts at Asia brokerage after comeback
[TOKYO] Mitsubishi UFJ Financial Group (MUFG) is ruling out further job cuts at its brokerage busine...
PUBLISHED Oct 23, 09:36 AM
On the green power train
CHANGE starts at home.
PUBLISHED Oct 24, 05:50 AM
Freed on bail, prominent Thai protest leader pledges to keep up campaign
[BANGKOK] One of the most prominent leaders of more than three months of anti-government protests in...
PUBLISHED Oct 23, 08:47 PM
Muhyiddin seeks king's assent to declare emergency, according to sources
[KUALA LUMPUR] Malaysian Prime Minister Muhyiddin Yassin is seeking the king's assent on Friday for...
PUBLISHED Oct 23, 06:43 PM
The relentless pursuit of better investment options
MY courtship with Vanguard funds started 16 years ago in 2004. Providend was licensed to give advice...
PUBLISHED Oct 24, 05:50 AM
PE veteran behind LVMH arm launches own US$500m Asia fund
PRIVATE equity veteran and ex-LVMH executive Ravi Thakran has launched a new US$500 million growth f...
PUBLISHED Oct 23, 05:50 AM
AstraZeneca resumes US Covid-19 vaccine trial; J&J prepares to do the same
[CHICAGO] AstraZeneca has resumed the US trial of its experimental Covid-19 vaccine after approval b...
PUBLISHED Oct 24, 06:58 AM
Singapore narrows inflation outlook range; core inflation at -0.1% in Sept
SINGAPORE'S authorities have upgraded the lower band of their overall inflation forecast for 2020 an...
PUBLISHED Oct 23, 01:49 PM
Office rents fall in Q3 amid cutbacks, work-from-home ops
THE pandemic took its toll on office rents in the third quarter as souring business sentiment and a...
PUBLISHED Oct 24, 05:50 AM
Pelosi says 'just about there' on US stimulus; Senate hurdle awaits
[WASHINGTON] US House Speaker Nancy Pelosi said she and Treasury Secretary Steven Mnuchin are "just...
PUBLISHED Oct 23, 06:48 AM
PayPal in talks to buy crypto firms including BitGo
[NEW YORK] PayPal Holdings is exploring acquisitions of cryptocurrency companies including Bitcoin c...
PUBLISHED Oct 23, 10:18 AM
Singapore property agents urged to be ethical, give accurate advice
PROPERTY agents in Singapore should be ethical, build trust with consumers and "pay special attentio...
PUBLISHED Oct 23, 05:50 AM
First Reit's Indonesia unit asks to restructure master lease agreements
THE manager of First Real Estate Investment Trust (First Reit) on Thursday said it has received a re...
PUBLISHED Oct 23, 10:28 AM
iFast Q3 net profit surges 150.6% to S$6.2m on higher revenue
WEALTH management and brokerage platform iFast Corporation on Friday reported a net profit of S$6.2...
PUBLISHED Oct 23, 08:41 AM
iFast eyes expansion in Malaysia, China as Q3 profit more than doubles
FINANCIAL services provider iFast Corporation will take advantage of booming demand for its services...
PUBLISHED Oct 24, 05:50 AM
Construction works on Oxley's projects may take up to six weeks more to complete due to Covid-19
OXLEY Holdings said that the completion of construction works in its properties is expected to be de...
PUBLISHED Oct 24, 05:50 AM
Citigroup says private bank chief set to depart
[NEW YORK] Citigroup said Peter Charrington, global head of private banking, will depart to spend mo...
PUBLISHED Oct 23, 03:35 PM
Reits (October 24-25, 2020)
Highest-yielding real estate investment trust
PUBLISHED Oct 24, 05:50 AM
Decline in retail rents accelerates in Q3
AS ECONOMIC headwinds prevail, rentals of retail space in Singapore's central region fell 4.5 per ce...
PUBLISHED Oct 24, 05:50 AM
Huawei out-hustles Trump by hoarding chips vital for China 5G
[BEIJING] Huawei Technologies quietly spent months racing to stockpile critical radio chips ahead of...
PUBLISHED Oct 23, 10:24 AM
Natural gas giant EQT to pursue takeover of rival CNX Resources
[NEW YORK] EQT Corp, the biggest producer of US natural gas, is seeking to acquire rival CNX Resourc...
PUBLISHED Oct 23, 10:29 AM
Australia explores lifting state border closures by Christmas
[SYDNEY] Australia is considering reopening state borders in time for Christmas and is also weighing...
PUBLISHED Oct 24, 09:03 AM
World Bank sees slow commodities recovery after virus hit
[NEW YORK] Oil demand could see "lasting impacts" from the coronavirus outbreak while modest gains a...
PUBLISHED Oct 23, 08:52 AM
ST Engineering, Montran sign MOU to digitalise payments and settlements systems
ST ENGINEERING on Friday said it has signed a memorandum of understanding (MOU) with Montran Corpora...
PUBLISHED Oct 23, 01:56 PM
The sustainable debt market has become unsustainable
THE European Union has offered its first social bond - as in the middle initial of ESG: environmenta...
PUBLISHED Oct 24, 05:50 AM
Will airline bailouts fly?
AS AIRLINES and hotels with backs to the Covid wall plead with governments for help, it is not unusu...
PUBLISHED Oct 24, 05:50 AM
Ditch your basic bookshelf speakers and stream in high-fidelity instead
I'D originally set my sights on some refined, time-honoured hardware. A hand-built tube amplifier. T...
PUBLISHED Oct 24, 05:50 AM
1MDB saga: Goldman to claw back US$174m in executive pay
[NEW YORK] Goldman Sachs Group on Thursday said it was clawing back US$174 million in executive comp...
PUBLISHED Oct 23, 11:27 AM
OKP's subsidiary to purchase Kreta Ayer property for S$11.3m
OKP Holdings announced that its 51 per cent-owned subsidiary Raffles Prestige Capital will be purcha...
PUBLISHED Oct 23, 10:10 PM
Online buys now more likely from the region than far away
ONLINE purchases are increasingly less about buying things from far away, and more about buying from...
PUBLISHED Oct 23, 05:50 AM
New dining concepts
Perhaps one of the more anticipated openings this year, Restaurant Euphoria is the new culinary play...
PUBLISHED Oct 23, 05:50 AM
Why building an electric car is so expensive, for now
[PALO ALTO] At Tesla Inc's ballyhooed Battery Day event in September, chief executive Elon Musk set...
PUBLISHED Oct 23, 11:13 AM
Tycoon who helped Evergrande has debt challenges of his own
[HONG KONG] Hui Ka Yan built China Evergrande Group with support from a tight-knit group of fellow r...
PUBLISHED Oct 23, 02:38 PM
Chief Justice grants leave to probe DPPs for misconduct in former maid Parti Liyani case
THE Chief Justice has given the go-ahead for investigations into two Deputy Public Prosecutors to co...
PUBLISHED Oct 24, 05:50 AM
Singapore shares rise at Friday's open; STI up 0.2%
SINGAPORE stocks opened slightly higher on Friday following gains on Wall Street as investors take h...
PUBLISHED Oct 23, 09:38 AM
Covid-19 could add up to six weeks to construction works on Oxley's projects
OXLEY Holdings said that the completion of construction works in its properties is expected to be de...
PUBLISHED Oct 23, 08:32 PM
Growth stock rally leaves even more room for disappointment
AS NETFLIX shareholders found out to their dismay this week, lofty global growth stock valuations ca...
PUBLISHED Oct 24, 05:50 AM
Singapore, Germany to set up reciprocal green lane
GERMANY and Singapore have agreed to establish a reciprocal green lane (RGL), the foreign ministries...
PUBLISHED Oct 23, 01:30 PM
WeWork default is a real possibility, Fitch Ratings warns
FITCH Ratings downgraded troubled co-working company WeWork, and warned that the once high-flying st...
PUBLISHED Oct 24, 05:50 AM
Singapore hits Goldman Sachs with US$122m payment, warning over 1MDB scandal
GOLDMAN Sachs Singapore has been charged by the Singapore authorities to pay US$122 million over its...
PUBLISHED Oct 24, 05:50 AM
Inflation could return to positive territory before year end: economists
SINGAPORE'S deflationary pressures continued to ease in September, with the authorities expecting co...
PUBLISHED Oct 24, 05:50 AM
GL Limited in the red for Q1, as pandemic ravages UK hospitality segment
GL Limited, a UK hotel sector player, recorded an unaudited net loss after tax of US$22.5 million fo...
PUBLISHED Oct 23, 08:53 PM
Ming dynasty scroll sells for record US$77m
[HONG KONG] A handscroll painting from the Ming dynasty by artist Wu Bin sold for US$77 million, bre...
PUBLISHED Oct 23, 09:07 PM
Music lessons are the best investment for your kids
WHEN I was about eight years old, an uncle gave me his old folk guitar after a schoolteacher started...
PUBLISHED Oct 24, 05:50 AM
Oil falls about 2% on Libyan output, Covid-19 demand concerns
[NEW YORK] Oil fell nearly 2 per cent on Friday, finishing lower for the week, in anticipation of a...
PUBLISHED Oct 24, 06:12 AM
Singapore shares end week in the black, tracking Wall Street gains; STI up 0.4%
LOCAL shares finished the week on a high, in tandem with Wall Street stocks that rose on hopes of...
PUBLISHED Oct 23, 06:15 PM
Eat Just, maker of plant-based eggs, eyes US$2b valuation
EAT Just Inc, a startup that makes plant-based eggs, is seeking funding in what may be its last capi...
PUBLISHED Oct 24, 05:50 AM
Gold prices drift with no US stimulus agreement
GOLD futures generally spent the week drifting and reacting to sentiment that shifted according to "...
PUBLISHED Oct 24, 05:50 AM
CMT's DPU up 1.3% to 3.1 cents as funds retained in H1 are released for distribution
CAPITALAND Mall Trust's (CMT) distribution per unit rose 1.3 per cent to 3.1 Singapore cents for its...
PUBLISHED Oct 23, 05:50 AM
HDB resales jump to 10-year high in Q3 as prices rise 1.5% over quarter
THE Housing Board resale market staged a stunning rebound in the third quarter of 2020, with transac...
PUBLISHED Oct 24, 05:50 AM
Hong Kong connection opens China ETF market to global investors
CHINA'S fast-growing $157 billion market for exchange-traded funds became directly accessible to ove...
PUBLISHED Oct 24, 05:50 AM
Singapore retail rents down 4.5% in Q3, vacancy flat at 9.6%: URA
RENTALS of retail space in Singapore's central region dropped 4.5 per cent quarter on quarter in the...
PUBLISHED Oct 23, 09:27 AM
HDB resale volume jumps to 10-year high in Q3 as prices rise 1.5% over quarter
[SINGAPORE] The Housing Board resale market staged a stunning rebound in the third quarter of 2020,...
PUBLISHED Oct 23, 12:41 PM
Singapore office rents fall 4.5% in Q3: URA
RENTALS of office space in the central region of Singapore fell 4.5 per cent quarter on quarter in t...
PUBLISHED Oct 23, 09:02 AM
Corporate digest
GL LIMITED, a UK hotel sector player, recorded an unaudited net loss of US$22.5 million for its firs...
PUBLISHED Oct 24, 05:50 AM
Goldman recast as villain of Wall Street with damning 1MDB pact
GOLDMAN Sachs Group, pilloried after the 2008 financial crisis, just saw a decade of image repair un...
PUBLISHED Oct 24, 05:50 AM
Singapore, Germany to start green lane for business travel
SINGAPORE and Germany have agreed to start a reciprocal green lane allowing travel for business or o...
PUBLISHED Oct 24, 05:50 AM
In calmer debate, Biden and Trump offer sharply divergent visions for US
[WASHINGTON] US President Donald Trump and Joe Biden delivered starkly divergent closing arguments t...
PUBLISHED Oct 23, 12:31 PM
Ping An-backed China fintech Lufax seeks up to US$2.36b in IPO
[SHANGHAI] Chinese financial technology firm Lufax, backed by Ping An Insurance Group, is looking to...
PUBLISHED Oct 23, 04:07 PM
Singapore shares track Wall St gains, end week in the black
LOCAL shares finished the week on a high, in tandem with Wall Street stocks that rose on hopes of a...
PUBLISHED Oct 24, 05:50 AM
250 allowed at MMA show as fans return in Singapore
[SINGAPORE] Singapore will allow fans at a sports event for the first time in months when limited nu...
PUBLISHED Oct 23, 04:25 PM
Ant's record strategic allocation in Shanghai IPO fuels small investor scramble
[SHANGHAI] Chinese fintech giant Ant Group's move to earmark a record 80 per cent of the Shanghai le...
PUBLISHED Oct 23, 08:00 PM
Presidential hopefuls square off over Covid-19, climate, racism
PRESIDENT Donald Trump turned in a more composed and disciplined debate performance Thursday night,...
PUBLISHED Oct 24, 05:50 AM
Uber, Lyft ordered by appeals court to comply with labour law
[SAN FRANCISCO] Uber Technologies Inc and Lyft Inc failed to persuade a California appeals court to...
PUBLISHED Oct 23, 08:31 AM
Philippine stocks top the world this week as foreigners return
PHILIPPINE stocks are beating global peers this week after having spent much of the year in the comp...
PUBLISHED Oct 24, 05:50 AM
Making a new start in a business of their own
IN April, Dave Summers lost his job as director of digital media productions at the American Managem...
PUBLISHED Oct 24, 05:50 AM
Medinex buys 4.59% stake in HC Surgical for about S$2.2m
MEDICAL support services provider Medinex on Friday said it acquired a 4.59 per cent stake in its co...
PUBLISHED Oct 23, 09:00 AM
Singapore workers focus on staying relevant in tight job market: poll
EMPLOYEES in Singapore - especially those who are older - are getting worried about being retrenched...
PUBLISHED Oct 23, 05:50 AM
Cathay Pacific's permanent pilot pay cuts 'draconian' and 'short-sighted': union
[SYDNEY] Hong Kong's Cathay Pacific Airways' decision to force pilots permanently onto lower-paid co...
PUBLISHED Oct 23, 02:44 PM
Mapletree Commercial Trust H1 DPU down 9.9% to 4.17 cents
MAPLETREE Commercial Trust (MCT) has declared a distribution per unit (DPU) of 4.17 Singapore cents...
PUBLISHED Oct 23, 05:50 AM
Indonesia president orders ministers to target lower exports of raw coal
[JAKARTA] Indonesian President Joko Widodo on Friday ordered his Cabinet ministers to set a target t...
PUBLISHED Oct 23, 03:05 PM
Navigating to a sustainable and low-carbon future
THERE has never been a more important moment to embrace a low-carbon future in Southeast Asia. Covid...
PUBLISHED Oct 23, 05:50 AM
Little big home
IN his seven years as an interior designer, Edward Seet has worked his way through every home config...
PUBLISHED Oct 23, 05:50 AM
Remote work hits office toilet-paper sales - and Kimberly-Clark
[IRVING] Kimberly-Clark Corp's business that supplies office buildings looks a lot like corporate Am...
PUBLISHED Oct 23, 09:21 AM
Another office floor at GB Building for sale, with guide price of S$9.8m
AN ENTIRE floor of GB Building in Singapore's central business district has been launched for sale w...
PUBLISHED Oct 23, 05:50 AM
Eat Just, maker of plant-based eggs, eyes US$2b valuation
[SAN FRANCISCO] Eat Just Inc, a startup that makes plant-based eggs, is seeking funding in what may...
PUBLISHED Oct 23, 02:19 PM
American Express reports 40% slump in quarterly profit
[NEW YORK] Credit card issuer American Express reported a nearly 40 per cent slump in quarterly prof...
PUBLISHED Oct 23, 08:04 PM
A restrained telling of the rise and fall of WeWork's Neumann
IT took reading 50 pages of Billion Dollar Loser, Reeves Wiedeman's new book about WeWork and its co...
PUBLISHED Oct 24, 05:50 AM
Private equity firm to split PetSmart, Chewy in US$6b recap deal
[PHOENIX] Three years after saddling PetSmart Inc with debt to acquire online rival Chewy Inc, a gro...
PUBLISHED Oct 23, 04:04 PM
Boosting auditor independence in non-assurance services
THE Institute of Singapore Chartered Accountants (ISCA) on Thursday unveiled a series of recommendat...
PUBLISHED Oct 23, 05:50 AM
10 new Covid-19 cases in Singapore, all imported
[SINGAPORE] There were 10 new coronavirus cases confirmed as at Friday noon (Oct 23), taking Singapo...
PUBLISHED Oct 23, 04:03 PM
Fishing for a good catch at Catfish
CALLING all catfish. If you're worried that a restaurant by the same name is going to decimate you a...
PUBLISHED Oct 23, 05:50 AM
AirAsia secures US$72m loan from Sabah Development Bank
[KUALA LUMPUR] Malaysia's AirAsia Group has approved and disbursed a US$72 million loan from Sabah D...
PUBLISHED Oct 23, 08:33 PM
Intel's revenue from data-centre business misses estimates, shares slide
[NEW YORK] Intel Corp on Thursday missed revenue estimates for its data-centre business for the thir...
PUBLISHED Oct 23, 07:55 AM
Pope's support for gay civil unions seen as threat to same-sex marriage
[VATICAN CITY] The pope's comments in support of gay civil unions did not go far enough and could ev...
PUBLISHED Oct 23, 08:11 AM
Cathay seen to be in tighter spot than Singapore Airlines as pandemic continues
THEY are both pillars of their economies, highly regarded by customers and totally reliant on intern...
PUBLISHED Oct 23, 05:50 AM
Outgoing UBS chief joins blank-cheque club
THE booming club of special purpose acquisition companies (SPACs) just recruited a new, prominent me...
PUBLISHED Oct 23, 05:50 AM
Fast-fashion heiress goes green by urging shoppers to buy less
[HONG KONG] When she ran a company that sold American clothing labels in China, textile heiress Vero...
PUBLISHED Oct 23, 10:48 AM
Hong Kong's property market takes hit from Cathay job cuts
CALLS from laid-off Cathay Pacific Airways pilots began arriving at OKAY Property Agency not long af...
PUBLISHED Oct 23, 05:50 AM
Japan's newest low-cost carrier is hiring around 100 staff
[TOKYO] At a time most airlines are shedding jobs, there is one that's hiring - a new low-cost carri...
PUBLISHED Oct 23, 03:01 PM
Suntec Reit Q3 DPU falls 21.9% to 1.848 cents
SUNTEC Real Estate Investment Trust (Suntec Reit)'s distribution per unit (DPU) fell 21.9 per cent t...
PUBLISHED Oct 23, 05:50 AM
Huawei ekes out third-quarter revenue growth as US restrictions bite
[SHANGHAI] Huawei Technologies eked out a gain in third-quarter revenue as the impact of the Covid-1...
PUBLISHED Oct 23, 03:00 PM
Two-speed recovery in services trade expected: HSBC
THE Covid-19 pandemic will lead to a two-speed recovery in services trade, whereby international tra...
PUBLISHED Oct 23, 12:45 PM
China to launch long-awaited international copper futures on Nov 19
[BEIJING] China's securities regulator said on Friday it had approved an international copper future...
PUBLISHED Oct 23, 11:02 PM
Wells Fargo explores sale of asset management business: sources
[SAN FRANCISCO] Wells Fargo & Co is exploring a sale of its asset management business, in what w...
PUBLISHED Oct 23, 12:20 PM
US: Wall Street closes higher, trade choppy as stimulus talks eyed
[NEW YORK] Shares on Wall Street ended higher on Thursday in choppy trading, as investors cheered th...
PUBLISHED Oct 23, 06:04 AM
Travel bubbles are a good start but they are not enough
SINGAPORE'S efforts to open its borders to travellers is certainly moving the country in the right d...
PUBLISHED Oct 23, 05:50 AM
Global household wealth holds steady amid pandemic: report
GLOBAL household wealth has held steady amid the crisis wrought by Covid-19, given timely relief mea...
PUBLISHED Oct 23, 05:50 AM
Stars are aligned for cheap hedging costs to drive yen gains
[NEW YORK] It's been getting cheaper for Japanese investors to hedge their foreign-exchange risk and...
PUBLISHED Oct 23, 04:27 PM
Lessons from Snoopy
DISRUPTIONS cannot come any bigger than 2020. The pandemic has changed everything – from the way we...
PUBLISHED Oct 23, 05:50 AM
Singapore maritime sector to offer 1,000 traineeships, attachments
SINGAPORE citizens and permanent residents will be able to access 1,000 traineeships, company attach...
PUBLISHED Oct 23, 05:50 AM
Big-name Asia hedge funds raise billions, startups struggle
ESTABLISHED Asian hedge funds have attracted the lion's share of new money this year, while startups...
PUBLISHED Oct 23, 05:50 AM
End of a chapter in Singapore's art history
THE new show at NTU Centre for Contemporary Art (CCA) in Gillman Barracks will be its last. The solo...
PUBLISHED Oct 23, 05:50 AM
US existing home sales rise to 14-year high
SALES of previously-owned US homes rose more than expected in September to the highest level in 14 y...
PUBLISHED Oct 24, 05:50 AM
Inward-looking policies will have great long-term harm: Iswaran
FREE trade agreements (FTAs) took the spotlight on Thursday, as 600 business leaders gathered for th...
PUBLISHED Oct 23, 05:50 AM
Gold up on stimulus optimism; strong USD caps gains
[BENGALURU] Gold edged up on Friday on hopes that a US stimulus package would eventually be passed,...
PUBLISHED Oct 23, 02:09 PM
US: Wall St rises at open on hopes of progress in stimulus talks
[NEW YORK] Wall Street's main indexes opened higher on Friday, with investors anticipating progress...
PUBLISHED Oct 23, 10:17 PM
South Korea finance minister loses home, as rental policy comes back to haunt him
SOUTH Korea's finance minister, the architect of rules aimed at protecting tenants and slowing depos...
PUBLISHED Oct 23, 05:50 AM
Goldman Sachs to pay nearly US$3b to settle charges over 1MDB saga
GOLDMAN Sachs on Thursday agreed to pay nearly US$3 billion to settle a probe into its role in Malay...
PUBLISHED Oct 23, 05:50 AM
Cybersecurity firm McAfee's shares fall in return to market
[NEW YORK] McAfee Corp shares fell 6.5 per cent in their trading debut after a US$740 million initia...
PUBLISHED Oct 23, 07:40 AM
US business activity picks up in October
[WASHINGTON] US business activity increased to a 20-month high in October, but the pace of new busin...
PUBLISHED Oct 23, 10:49 PM
Stocks hold tight ranges as US election caution sets in
[TOKYO] Global stocks barely budged on Friday as investors tightened positions with less than two we...
PUBLISHED Oct 23, 03:53 PM
AirAsia secures loan; capital raising progressing: CEO
MALAYSIA'S budget carrier AirAsia Group has secured a loan as part of its ongoing capital raising pl...
PUBLISHED Oct 23, 05:50 AM
Airbus sets plan to gear up production in show of confidence
[TOULOUSE] Airbus is preparing to ramp up output next year of its most important jet, the A320neo, i...
PUBLISHED Oct 23, 10:00 AM
Oil struggles to recover after US petrol stocks build
[NEW YORK] Oil prices ticked up on Thursday, boosted by the possibility of an economic stimulus pack...
PUBLISHED Oct 23, 05:58 AM
Singapore shares flat following overnight retreat on Wall Street
LOCAL equities were flat on Thursday as traders continued to harbour hopes of a fiscal stimulus pack...
PUBLISHED Oct 23, 05:50 AM
Gucci's appeal holds up in pandemic as Kering beats estimates
[PARIS] Kering SA's revenue beat estimates as its Gucci and Bottega Veneta brands lured consumers ke...
PUBLISHED Oct 23, 10:51 AM
Tesla's release of new 'self-driving' software closely watched by US regulator
[NEW YORK] The US auto safety regulator said on Thursday it was closely watching Tesla's release of...
PUBLISHED Oct 23, 08:07 AM
Deutsche Bank unit may be bought by Tata Consultancy
DEUTSCHE Bank AG is in advanced talks to sell a technology services unit to Tata Consultancy Service...
PUBLISHED Oct 23, 05:50 AM
Trump's crony capitalism must be weeded out
IT HAS taken four years, but US President Donald Trump's tax avoidance and deep indebtedness are fin...
PUBLISHED Oct 23, 05:50 AM
Hitler's speech cards auctioned in Munich
[MUNICH] A sheaf of papers, scrawled with notes in a vigorous hand, here and there a recognisable ph...
PUBLISHED Oct 23, 09:11 PM
In trying times, 20 great value wines that revive and restore
THESE are strange days in which the daily cocktail of pandemic, politics, protest and natural disast...
PUBLISHED Oct 23, 05:50 AM
Gilead's remdesivir gets US FDA approval for hospitalised Covid-19 patients
[WASHINGTON] The US Food and Drug Administration (FDA) on Thursday approved Gilead Sciences' antivir...
PUBLISHED Oct 23, 07:51 AM
Hong Kong: Stocks end the week on a positive note
[HONG KONG] Hong Kong shares finished Friday with gains as traders keep tabs on US stimulus talks, w...
PUBLISHED Oct 23, 04:25 PM
UK signs trade deal with Japan as Brexit talks heat up
[NEW YORK] The UK signed a trade deal with Japan on Friday, its first with a major economy since Bre...
PUBLISHED Oct 23, 11:19 AM
Flipkart to buy 8% stake in Aditya Birla's fashion unit for 15b rupees
[BENGALURU] Walmart's Flipkart will buy a 7.8 per cent stake in India's Aditya Birla Fashion and Ret...
PUBLISHED Oct 23, 02:51 PM
Chipmaker Xilinx's profit tops estimates, sees return to growth
XILINX Inc, the chipmaker in takeover talks with Advanced Micro Devices Inc, reported earnings that...
PUBLISHED Oct 23, 05:50 AM
Handbag maker Hermes echoes luxury sales rebound amid online surge
HERMES' comparable sales picked up in the third quarter, rising 7 per cent, and the Birkin bag maker...
PUBLISHED Oct 23, 05:50 AM
UK Covid-19 salary scheme fraud may hit £3.9 billion, watchdog says
[LONDON] British companies may have fraudulently claimed up to £3.9 billion (S$6.92 billion) in publ...
PUBLISHED Oct 23, 08:03 AM
Australia's biggest mining royalty firm Deterra debuts with A$2.57b market value
[BENGALURU] Deterra Royalties debuted on the Australian Securities Exchange on Friday with a market...
PUBLISHED Oct 23, 02:26 PM
Apparel retailer Gap soars after pledging return to profitable growth in 2021
[NEW YORK] Gap Inc shares jumped after the retailer said it expects to return to profitable growth n...
PUBLISHED Oct 23, 10:06 AM
Coping with Covid, the virus that keeps bugging us
JUST as you think you have conquered it, it jumps up again, like a weevil in the rice. Covid-19 is n...
PUBLISHED Oct 23, 05:50 AM
Rise of the Rolex Oyster Perpetual
WATCH enthusiasts - new and old - generally love Rolex for their Professional models like the Submar...
PUBLISHED Oct 23, 05:50 AM
Barclays Private Bank CEO tackles Brexit and pandemic challenges
JEAN-CHRISTOPHE Gerard picked up some healthy habits during the lockdown.
PUBLISHED Oct 23, 05:50 AM
Bond gets his newest watch
IT'S the year of another new James Bond movie, No Time to Die. This means the Seamaster collection i...
PUBLISHED Oct 23, 05:50 AM
BOJ voices confidence in Japan's banking system
JAPAN'S banking system remains stable as a whole and has sufficient buffers against risks, the centr...
PUBLISHED Oct 23, 05:50 AM
Tesla beats on profit, reaffirms goal of 500,000 deliveries
TESLA Inc reported a fifth consecutive quarter of profits on Wednesday, handily beating analysts' es...
PUBLISHED Oct 23, 05:50 AM
Australia: Shares end lower on US stimulus uncertainty, weak manufacturing data
[SYDNEY] Australian shares slipped on Friday, with gold stocks leading losses, as sentiment was hit...
PUBLISHED Oct 23, 02:11 PM
US dollar rises on stimulus setback, Covid-19 surge
THE US dollar edged up from seven-week lows on Thursday as hopes for a fiscal package in the United...
PUBLISHED Oct 23, 05:50 AM
Thai PM orders withdrawal of state of emergency
THAI Prime Minister Prayuth Chan-Ocha ordered the withdrawal of the week-old state of emergency in t...
PUBLISHED Oct 23, 05:50 AM
Mazda CX-8 review: A long story
APPARENTLY it's not length that counts, but how you use it. What to do with 9 inches? If you're Mazd...
PUBLISHED Oct 23, 05:50 AM
Euro zone business activity contracts in Oct as Covid-19 resurges
[LONDON] Euro zone economic activity has slipped back into decline this month as renewed restriction...
PUBLISHED Oct 23, 04:20 PM
Hungary, Singapore mark 50 years of ties
FRIENDLY relations between Hungary - located in the heart of the 500 million consumer strong integra...
PUBLISHED Oct 23, 05:50 AM
Europe: Stocks wobble at the start of trading
[LONDON] European stock markets wobbled at the start of trading on Friday with London and Paris push...
PUBLISHED Oct 23, 03:42 PM
Australia: Shares fall on weak manufacturing survey, fading US stimulus hope
[SYDNEY] Australian shares fell on Friday, weighed down by miners, as weak manufacturing survey data...
PUBLISHED Oct 23, 10:19 AM
Throwback Timepieces
IN THE vein of the popular Black Bay comes the Tudor Royal, another retro-inspired range that isn't...
PUBLISHED Oct 23, 05:50 AM
Mercedes-AMG CLA 45 S review: Giant-killer
MEET the most powerful compact saloon in the world, the Mercedes-AMG CLA 45 S 4Matic+. Except that M...
PUBLISHED Oct 23, 05:50 AM
German consumer morale darkens as Covid-19 cases soar
GERMAN consumer morale fell heading into November as fears about a second novel coronavirus wave tha...
PUBLISHED Oct 23, 05:50 AM
Hong Kong: Stocks dip at open on Friday
[HONG KONG] Hong Kong stocks opened marginally lower Friday morning with investors turning their att...
PUBLISHED Oct 23, 10:11 AM
US weekly jobless claims fall; labour market momentum slows
THE number of Americans filing new claims for jobless benefits declined more than expected last week...
PUBLISHED Oct 23, 05:50 AM
Out Of This World Snoopy Tribute
HE MAY just be a dog but Snoopy has never hidden his ambition to go to space.
PUBLISHED Oct 23, 05:50 AM
Seoul: Shares gain on upbeat US data, stimulus hopes
[SEOUL] South Korean shares rose on Friday, tracking overnight Wall Street gains on upbeat US econom...
PUBLISHED Oct 23, 03:32 PM
Europe: Stocks end little changed as aid hope tempers virus
[BENGALURU] European equities closed broadly flat as positive earnings reports and optimism about US...
PUBLISHED Oct 23, 05:53 AM
Trailblazing Their Way To Stardom
TO CELEBRATE the launch of the new Pasha watches, Cartier has enlisted five young celebrities - Rami...
PUBLISHED Oct 23, 05:50 AM
The new Kia Sorento has a tricky job to do
THE fourth-generation Kia Sorento made its debut here last week, with a mission to lift its maker ab...
PUBLISHED Oct 23, 05:50 AM
Sunak fires third aid salvo in a month to help ailing British economy
CHANCELLOR of the Exchequer Rishi Sunak increased the generosity of the UK aid package for businesse...
PUBLISHED Oct 23, 05:50 AM
The show still goes on
WHEN it comes to making complication watches, Patek Philippe follows two basic principles: No matter...
PUBLISHED Oct 23, 05:50 AM
US official says Iran, Russia trying to interfere in election
A TOP US intelligence official warned that Iran and Russia are attempting to interfere with the pres...
PUBLISHED Oct 23, 05:50 AM
Still Navigating To New Horizons
MORE than eight decades in, little has changed about the IWC Portugieser.
PUBLISHED Oct 23, 05:50 AM
Tokyo: Stocks open higher on US gains
[TOKYO] Tokyo stocks opened higher on Friday supported by rallies on Wall Street with investors eyei...
PUBLISHED Oct 23, 08:59 AM
Malaysia: Stocks edge up on Friday
MALAYSIA share prices started Friday on slightly stronger ground, with the FTSE Bursa Malaysia Kuala...
PUBLISHED Oct 23, 09:24 AM
Time To Shine
THANKS to the success of the Heritage Black Bay, Tudor has stepped into the spotlight instead of jus...
PUBLISHED Oct 23, 05:50 AM
Back To Classics
HAVING spent nearly a decade developing and putting the Octo Finissimo line of watches on the horolo...
PUBLISHED Oct 23, 05:50 AM
Rebirth Of An Icon
FEW watches transcend the fashion barrier but Cartier’s timepieces are a bit of an exception.
PUBLISHED Oct 23, 05:50 AM
A Touch Of Elegance
TISSOT is one of those watch brands that doesn't simply shrink a men's watch down by 30 per cent, sl...
PUBLISHED Oct 23, 05:50 AM
In Time For The Holidays
WITH the release of the new Top Gun movie pushed back to 2021, it'll be a few more months before we...
PUBLISHED Oct 23, 05:50 AM
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