Wednesday, May 17, 2017

TOP STORIES

Early gains seen for Singapore in EU court ruling on FTA

SINGAPORE can look to scoring early gains from a top European Union court ruling on a...
PUBLISHED May 17, 2017 05:50 AM

GIC sells 2.4% UBS stake at a loss

GIC has sold just under half of its stake in Swiss bank UBS Group at a loss, the...
PUBLISHED May 17, 2017 05:50 AM

GIC tells why it is still under-invested in real estate

SINGAPORE'S sovereign wealth fund GIC is trying to raise its allocation in real...
PUBLISHED May 17, 2017 05:50 AM

Maserati begins new era with new importer

MASERATI is embarking on a new phase in the Singapore market with a showroom that is in...
PUBLISHED May 17, 2017 05:50 AM
COMMENTARY

Singapore fends off ransomware, but needs to be ready for APTs

THE WannaCry ransomware attack has already garnered the dubious distinction of being the...
PUBLISHED May 17, 2017 05:50 AM

Intense bidding for GLS sites to continue, analysts expect bigger supply in H2

DEVELOPERS' hunger for land has clearly translated into more intense bidding for...
PUBLISHED May 17, 2017 05:50 AM

Listing hindered ARA's growth: John Lim

BEING listed hindered ARA Asset Management's growth strategy, group founder and...
PUBLISHED May 17, 2017 05:50 AM

Singapore a 'global leader' in embracing technology: Deloitte

SINGAPORE has been touted as a "global leader" when it comes to embracing...
PUBLISHED May 17, 2017 05:50 AM

Japan and the US closer to joining AIIB

BOTH the US and Japan appear to be moving closer to joining the China-led Asian...
PUBLISHED May 17, 2017 05:50 AM

Flights delayed after fire at Changi T2

A SMALL fire broke out at Changi Airport's Terminal 2 (T2) departure hall on Tuesday...
PUBLISHED May 17, 2017 05:50 AM
LATEST US DATA

Autos drive April factory output to fastest growth in 3 years

US factory output in April rose at its fastest clip in three years on a surge in auto...
PUBLISHED May 17, 2017 05:50 AM

MAS to create matchmaking opportunities at Fintech Festival

EXPECT a bigger Singapore Fintech Festival this year, with the Monetary Authority of...
PUBLISHED May 17, 2017 05:50 AM

STOCKS

STOCKS

Jardine, banks drag STI down

ON Tuesday, the role of prime index mover was assumed by Jardine Matheson, when it...
PUBLISHED May 17, 2017 05:50 AM

Brokers' take

FIRST-QUARTER 2017 revenue and Ebitda (earnings before interest, taxes, depreciation and...
PUBLISHED May 17, 2017 05:50 AM
CURRENCIES

Euro rises to 6-mth high as Trump worries hit US$

THE euro surged above US$1.10 on Tuesday, climbing 0.8 per cent to its highest since...
PUBLISHED May 17, 2017 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

NAB bolt-on right for OCBC but test lies ahead

LAST week OCBC Bank said it had entered into an agreement to buy a mortgage loan book...
PUBLISHED May 17, 2017 05:50 AM

Sunvic Chemical narrows Q1 loss as revenue rises

SUNVIC Chemical Holdings reported on Tuesday a narrowing of its fiscal first-quarter...
PUBLISHED May 17, 2017 05:50 AM

Noble shares recover even as rating agencies flag unsustainable debt

AFTER a savage three-day sell-off, Noble Group Ltd shares climbed on Tuesday even as...
PUBLISHED May 17, 2017 05:50 AM

Food Empire opens instant coffee plant in India

FOOD Empire Holdings officially opened its state-of-the-art instant coffee manufacturing...
PUBLISHED May 17, 2017 05:50 AM

Corporate digest

YUUZOO Corp's first-quarter net profit fell 13 per cent to S$11.2 million, or 1.45...
PUBLISHED May 17, 2017 05:50 AM

Vodafone's cash flow pledge eases concerns over dividend

VODAFONE Group promised to milk more of the cash that flows through the world's...
PUBLISHED May 17, 2017 05:50 AM

Agha Steel plans Pakistan's largest IPO in a decade in response to China boom

AGHA Steel Industries Ltd is planning Pakistan's biggest-ever private sector initial...
PUBLISHED May 17, 2017 05:50 AM
STOCKS

Jardine, banks drag STI down

ON Tuesday, the role of prime index mover was assumed by Jardine Matheson, when it...
PUBLISHED May 17, 2017 05:50 AM

Brokers' take

FIRST-QUARTER 2017 revenue and Ebitda (earnings before interest, taxes, depreciation and...
PUBLISHED May 17, 2017 05:50 AM
CURRENCIES

Euro rises to 6-mth high as Trump worries hit US$

THE euro surged above US$1.10 on Tuesday, climbing 0.8 per cent to its highest since...
PUBLISHED May 17, 2017 05:50 AM

REAL ESTATE

Want to buy a home? Skip the avocado toast, real estate mogul suggests

MILLENNIALS have enough problems as it is. Must they give up their avocado toast, too?
PUBLISHED May 17, 2017 05:50 AM

US hotel chain looking to spin off its real estate

NORTH American budget hotel chain La Quinta Holdings Inc is preparing to explore a sale...
PUBLISHED May 17, 2017 05:50 AM

NZ housing market most at risk of bust, Goldman warns

NEW Zealand's housing market is the most over-valued among the so-called G-10...
PUBLISHED May 17, 2017 05:50 AM

Canada home sales fall in April as market feels the chill of govt cooling measures

CANADIAN home resales fell in April as a government move to cool the long housing boom...
PUBLISHED May 17, 2017 05:50 AM

BANKING & FINANCE

HOCK LOCK SIEW

NAB bolt-on right for OCBC but test lies ahead

LAST week OCBC Bank said it had entered into an agreement to buy a mortgage loan book...
PUBLISHED May 17, 2017 05:50 AM

2016 profits fall for four of Japan's biggest banks

ALL but one of Japan's five major banking groups have reported reduced profits for...
PUBLISHED May 17, 2017 05:50 AM

Hedge fund managers don't always beat the market, but their compensation stays on top

GOOD performance, mediocre results or even downright ugly returns. When it comes to hedge...
PUBLISHED May 17, 2017 05:50 AM

When it comes to leveraged loans, active beats passive

CHALK another one up for the active investing crowd in debt.
PUBLISHED May 17, 2017 05:50 AM

China tightens rules on wealth management products, flags more curbs

CHINA'S banking regulator is tightening disclosure rules on lenders' wealth...
PUBLISHED May 17, 2017 05:50 AM

ENERGY & COMMODITIES

Slippery road ahead for Opec's extended oil cut

THE world's two biggest oil exporters seem to have finally figured out how to...
PUBLISHED May 17, 2017 05:50 AM

China, India 'dominate coal stocks as some shun climate risks'

INVESTORS in China and India increasingly dominate ownership of coal reserves amid...
PUBLISHED May 17, 2017 05:50 AM

Elliott steps up call for BHP to ditch petroleum

ACTIVIST investor Elliott Management upped the pressure for strategic changes at BHP on...
PUBLISHED May 17, 2017 05:50 AM

Five clean-energy innovations that could transform our world

INNOVATIONS in energy-storage, smart-grid and electricity-generation technologies will...
PUBLISHED May 17, 2017 05:50 AM

TECHNOLOGY

In cashless Sweden, even divinity accepts donations via mobile apps

IN THE most cashless society on the planet, even God now accepts digital payments.
PUBLISHED May 17, 2017 05:50 AM

Japan urges Toshiba, Western Digital to get along as chip spat flares

JAPAN'S government said on Tuesday it wanted Toshiba Corp and partner Western...
PUBLISHED May 17, 2017 05:50 AM

Flipkart's Snapdeal acquisition still needs approvals from bigwigs

FLIPKART Online Services Pvt is nearing a final agreement to acquire rival e-commerce...
PUBLISHED May 17, 2017 05:50 AM

Big race for commercial drone dominance begins

AT SOME point in the not-too-distant future, fleets of commercial drones are expected to...
PUBLISHED May 17, 2017 05:50 AM

Brace yourself for worse ransomware attacks to come

SINCE May 12, reports have begun trickling in about what is arguably the biggest...
PUBLISHED May 17, 2017 05:50 AM

Five clean-energy innovations that could transform our world

INNOVATIONS in energy-storage, smart-grid and electricity-generation technologies will...
PUBLISHED May 17, 2017 05:50 AM

CONSUMER

In cashless Sweden, even divinity accepts donations via mobile apps

IN THE most cashless society on the planet, even God now accepts digital payments.
PUBLISHED May 17, 2017 05:50 AM

China pulls in foreign designers in bid to build up own brands

WHEN evaporating profit margins prompted China's Zhejiang Willing Foreign Trading Co...
PUBLISHED May 17, 2017 05:50 AM

Japan firms turn to robots as labour shortage bites

DESPERATE to overcome Japan's growing shortage of labour, mid-sized companies are...
PUBLISHED May 17, 2017 05:50 AM

Now you can shop at Sainsbury and be fashion forward

J SAINSBURY, the supermarket that has been selling Britons their bread and baked beans...
PUBLISHED May 17, 2017 05:50 AM

Japan's 'Superhuman' athletes mix legends with high tech

WHEN it comes to culture and entertainment, Japan has a rich history spanning ancient...
PUBLISHED May 17, 2017 05:50 AM

TRANSPORT

STRAIT TALK

When it comes to cutting shipping's CO2, is 'aspirational' good enough?

LAST week, the International Chamber of Shipping (ICS) agreed to urge the International...
PUBLISHED May 17, 2017 05:50 AM

Absent from America, French cars drive into Iran election

FRENCH carmakers PSA and Renault are turning their US absence into an Iranian advantage...
PUBLISHED May 17, 2017 05:50 AM

EasyJet places US$3.8b plane bet after record loss

EASYJET Plc ordered Airbus SE aircraft with a list price of US$3.8 billion, betting that...
PUBLISHED May 17, 2017 05:50 AM

Ford to cut about 10% of global workforce: WSJ

FORD Motor Co plans to cut about 10 per cent of staff worldwide as chief executive...
PUBLISHED May 17, 2017 05:50 AM

GOVERNMENT & ECONOMY

Hong Kong, China regulators approve 'Bond Connect' scheme

HONG Kong and Chinese regulators said on Tuesday they had formally approved a long-...
PUBLISHED May 17, 2017 05:50 AM

Too early to say who is behind cyberattack: Europol

THE European police agency said on Tuesday it was still too early to determine who was...
PUBLISHED May 17, 2017 05:50 AM

How Japan proved printing money can be a great idea

"EVERYBODY knows" that you can't get rich from just printing money, except...
PUBLISHED May 17, 2017 05:50 AM

Canberra goes for economic stimulus in A$75b infrastructure plan

AUSTRALIA'S government finally took up the central bank's call for economic...
PUBLISHED May 17, 2017 05:50 AM

US stats officials say GDP, inflation measures are off

TOP officials from two US government economic-statistics agencies said their measurement...
PUBLISHED May 17, 2017 05:50 AM

Australia, HK begin free trade agreement talks

AUSTRALIA and Hong Kong began talks to secure a free trade agreement (FTA), Australia...
PUBLISHED May 17, 2017 05:50 AM

South Korea, US to hold Washington summit in June

SOUTH Korea's left-leaning new leader Moon Jae-in will travel to the US for a summit...
PUBLISHED May 17, 2017 05:50 AM

Immigrants can unlock productivity growth

IMMIGRATION has been making economies demonstrably more productive ever since there have...
PUBLISHED May 17, 2017 05:50 AM

Eurozone expands trade surplus in March despite protectionist calls

THE eurozone increased its trade surplus with the rest of the world in March with both...
PUBLISHED May 17, 2017 05:50 AM

Boom times for EU's East as GDP growth quickens

THE European Union's eastern economies began 2017 with a growth flurry as resumed...
PUBLISHED May 17, 2017 05:50 AM

Rich American retirees hoarding cash out of fear

THERE'S a time in everyone's life to save. There's also a time when you...
PUBLISHED May 17, 2017 05:50 AM

Relief may be on the way for Asia's most overworked

SOUTH Koreans work the longest hours in Asia, getting instructions from bosses well into...
PUBLISHED May 17, 2017 05:50 AM

Indonesia's central bankers hunt 'chili mafia' for stoking inflation

THEY'RE called the chili mafia - a shady group of wholesalers who manipulate the...
PUBLISHED May 17, 2017 05:50 AM

Trump claims 'absolute right' to disclose information to Russia

US PRESIDENT Donald Trump defended wanting to share terrorism intelligence with Russian...
PUBLISHED May 17, 2017 05:50 AM

China quietly releases draft of tough new intelligence law

CHINA on Tuesday quietly released the first public draft of an intelligence law giving...
PUBLISHED May 17, 2017 05:50 AM

Trump's strained relationship with the FBI can only worsen

THE administration of President Donald Trump is under multiple investigations by American...
PUBLISHED May 17, 2017 05:50 AM

LIFE & CULTURE

Japan's 'Superhuman' athletes mix legends with high tech

WHEN it comes to culture and entertainment, Japan has a rich history spanning ancient...
PUBLISHED May 17, 2017 05:50 AM

Kidman is queen of Cannes

NICOLE Kidman is the undisputed queen of the Cannes film festival which opens Wednesday...
PUBLISHED May 17, 2017 05:50 AM

Last Vietnamese emperor's Rolex sells for US$5m

A ROLEX that was owned by the last emperor of Vietnam became the Swiss watchmaker's...
PUBLISHED May 17, 2017 05:50 AM

Knees that creak and pop not always pre-arthritic

IF YOUR knees creak and pop, the noises could be an indicator of early arthritis, even if...
PUBLISHED May 17, 2017 05:50 AM

EXECUTIVE MONEY

Small change in US accounting rules could have big impact on compliance

A TSUNAMI of change is coming to the regulations that govern corporate America, if...
PUBLISHED May 17, 2017 05:50 AM
COMMENTARY

China 2017: A good year for the economy, not for investors

CHINA'S growth story is looking very positive, but this may not benefit investors...
PUBLISHED May 17, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

NAB bolt-on right for OCBC but test lies ahead

LAST week OCBC Bank said it had entered into an agreement to buy a mortgage loan book...
PUBLISHED May 17, 2017 05:50 AM
STRAIT TALK

When it comes to cutting shipping's CO2, is 'aspirational' good enough?

LAST week, the International Chamber of Shipping (ICS) agreed to urge the International...
PUBLISHED May 17, 2017 05:50 AM

Having a meaningful regulatory conversation

SINCE Singapore Exchange Regulation (SGX RegCo) was incorporated as a wholly-owned...
PUBLISHED May 17, 2017 05:50 AM
THE BOTTOM LINE

The priming of Donald Trump

DONALD Trump has said many strange things in recent interviews. One can only imagine, for...
PUBLISHED May 17, 2017 05:50 AM
EDITORIAL

Ransomware attack puts bitcoin into the global spotlight once again

THE "WannaCry" ransomware attack that began last Friday and continues to wreck...
PUBLISHED May 17, 2017 05:50 AM

Trump's strained relationship with the FBI can only worsen

THE administration of President Donald Trump is under multiple investigations by American...
PUBLISHED May 17, 2017 05:50 AM

Brace yourself for worse ransomware attacks to come

SINCE May 12, reports have begun trickling in about what is arguably the biggest...
PUBLISHED May 17, 2017 05:50 AM

Five clean-energy innovations that could transform our world

INNOVATIONS in energy-storage, smart-grid and electricity-generation technologies will...
PUBLISHED May 17, 2017 05:50 AM
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