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DESPITE higher revenue for its seasonally weak fiscal first quarter, food and beverage company Del Monte Pacific reported a net loss of US$12 million for the three months ended July 31.

LOSS-MAKING abalone producer Oceanus Group is seeking to move from the Singapore Exchange (SGX) mainboard to the junior Catalist board and is in talks with a potential sponsor, it said on Thursday.

FROM Sept 21, UOL Group, Yangzijiang Shipbuilding Holdings and SATS will replace Jardine Matheson Holdings, Jardine Strategic Holdings and Olam International as constituents of the Straits Times...

BOND guru Bill Gross says if the Federal Reserve raises interest rates in September, policy makers are increasingly likely to wait at least six months before a second hike. Market measures indicate...

EMBATTLED commodity merchant Noble Group is expanding its Singapore oil team to focus on growing regional demand despite a price rout that has hurt some companies trading in crude oil and refined...

GOLD fell for a second day before a US government jobs report on Friday that may indicate whether the economy is strong enough for policymakers to start raising interest rates.

OFFSHORE firm Otto Marine has scored two long-term charter contracts worth US$25.2 million, the shipbuilder and vessel owner announced early Thursday.

THE government is committed to developing skills for the financial sector amid various forces reshaping the industry, said Emeritus Senior Minister Goh Chok Tong.

FAILURE is the mother of success, says a Chinese saying. For Tan Tse Yong, director of F1 Recreation Fitness Management, that statement could not be more true.


THE closure of Hong Kong and China for a public holiday on Thursday brought some relief to a battered Straits Times Index which had fallen 79 points between Monday and Wednesday.