Wednesday, Aug 16, 2017

TOP STORIES

Singapore bank stocks battered by more O&M bad news

SINGAPORE banks' exposure to the oil and gas sector is back in the spotlight after...
PUBLISHED Aug 16, 2017 05:50 AM

Buying momentum buoys July sales of private and EC homes

DEVELOPERS sold almost twice as many private homes and executive condominiums (ECs) in...
PUBLISHED Aug 16, 2017 05:50 AM

Sim Lian tipped to have bid S$970m for Tampines Court

SIM Lian Development is believed to have placed a bid of S$970 million for the collective...
PUBLISHED Aug 16, 2017 05:50 AM

S&P and Moody's cut Noble's rating, warn of risk of default

NOBLE Group Ltd may default on its debt in as soon as the next six months, said S&P...
PUBLISHED Aug 16, 2017 05:50 AM

3 CEOs quit manufacturing council over Trump's response to rally violence

THE chief executives of Intel Corp, Merck & Co Inc and Under Armour Inc resigned from...
PUBLISHED Aug 16, 2017 05:50 AM
SINGAPORE REGIONAL BUSINESS FORUM

4 partnerships forged to give Belt & Road a boost

FOUR partnerships were launched at the Singapore Regional Business Forum on Tuesday to...
PUBLISHED Aug 16, 2017 05:50 AM
SINGAPORE REGIONAL BUSINESS FORUM

Tapping blockchain technology to improve supply chain network

PACIFIC International Lines Pte Ltd (PIL), PSA International Pte Ltd and IBM Singapore...
PUBLISHED Aug 16, 2017 05:50 AM

China vows to act if the US damages trade ties

CHINA will take action to defend its interests if the United States damages trade ties,...
PUBLISHED Aug 16, 2017 05:50 AM

LTA seeks proposals to develop on-demand public bus services

THE Land Transport Authority (LTA) on Tuesday called a tender to seek proposals from the...
PUBLISHED Aug 16, 2017 05:50 AM

Global airline shares fall in July as investors take profit

Amid profit-taking, global airline share prices slid 3.2 per cent in July in the first...
PUBLISHED Aug 16, 2017 05:50 AM

Passenger traffic at Malaysian airports expected to rise 8-9%

MALAYSIA'S passenger traffic is projected to grow by between 7.8 and 8.8 per cent...
PUBLISHED Aug 16, 2017 05:50 AM

STOCKS

HOT STOCK

Best World shares plunge 12%; SGX issues query

SHARES of Best World International, a direct seller of skincare and wellness products, on...
PUBLISHED Aug 16, 2017 05:50 AM
STOCKS

Geopolitical fears curb STI's recovery

MONDAY'S 29-point bounce for the Straits Times Index may have been too much, too...
PUBLISHED Aug 16, 2017 05:50 AM

Brokers' take

Q1 FY17 revenue and Ebitda (earnings before interest, taxes, depreciation and...
PUBLISHED Aug 16, 2017 05:50 AM
CURRENCIES

US dollar climbs as North Korean tensions ease

GAINS against the Japanese yen and a weakened British pound led a broad rise in the US...
PUBLISHED Aug 16, 2017 05:50 AM

COMPANIES & MARKETS

HOT STOCK

Best World shares plunge 12%; SGX issues query

SHARES of Best World International, a direct seller of skincare and wellness products, on...
PUBLISHED Aug 16, 2017 05:50 AM

Oxley's Stevens Rd hotel development gets TOP

HOMEGROWN property developer Oxley Holdings said on Tuesday its hotel development on...
PUBLISHED Aug 16, 2017 05:50 AM

Perennial-Yanlord bid for UE is 'fair': adviser

THE takeover bid for United Engineers (UE) by a consortium led by Perennial Real Estate...
PUBLISHED Aug 16, 2017 05:50 AM
HOCK LOCK SIEW

Japanese insurer to take shopping to another level?

TAKING a leaf from its own book, Tokyo-based Sony Life Insurance is replicating in...
PUBLISHED Aug 16, 2017 05:50 AM

Wanda Commercial bonds trading at junk level despite AAA China rating

NEARLY two months after reports about Chinese regulators' scrutiny of the country...
PUBLISHED Aug 16, 2017 05:50 AM

Corporate digest

TT International
PUBLISHED Aug 16, 2017 05:50 AM
STOCKS

Geopolitical fears curb STI's recovery

MONDAY'S 29-point bounce for the Straits Times Index may have been too much, too...
PUBLISHED Aug 16, 2017 05:50 AM

Brokers' take

Q1 FY17 revenue and Ebitda (earnings before interest, taxes, depreciation and...
PUBLISHED Aug 16, 2017 05:50 AM
CURRENCIES

US dollar climbs as North Korean tensions ease

GAINS against the Japanese yen and a weakened British pound led a broad rise in the US...
PUBLISHED Aug 16, 2017 05:50 AM

Nordic lays its building blocks for growth

VETERAN banker Chang Yeh Hong, the executive chairman of Nordic Group Ltd, is an...
PUBLISHED Aug 16, 2017 05:50 AM

Scrapping quarterly reporting a bad move

ON April 28, Noble Group held its annual general meeting (AGM) for the financial year...
PUBLISHED Aug 16, 2017 05:50 AM

REAL ESTATE

Oxley's Stevens Rd hotel development gets TOP

HOMEGROWN property developer Oxley Holdings said on Tuesday its hotel development on...
PUBLISHED Aug 16, 2017 05:50 AM

Perennial-Yanlord bid for UE is 'fair': adviser

THE takeover bid for United Engineers (UE) by a consortium led by Perennial Real Estate...
PUBLISHED Aug 16, 2017 05:50 AM

Loss of China property momentum being felt as economy hits mid-year slowdown

CHINA'S economy hit a mid-year speed bump last month as factory output, investment...
PUBLISHED Aug 16, 2017 05:50 AM

US builders, realtors protest proposed tax changes that they say will hurt home sales

WITH US Congress members focused during their August recess on finding ways to lower the...
PUBLISHED Aug 16, 2017 05:50 AM

Dubai's Union Properties reports 2.29b dirham Q2 loss

SHARES in Dubai-based real estate developer Union Properties plunged on Tuesday after it...
PUBLISHED Aug 16, 2017 05:50 AM

Johannesburg mayor insists on 'shock and awe' plan for city

JOHANNESBURG'S new mayor, Herman Mashaba, said that international aid agencies must...
PUBLISHED Aug 16, 2017 05:50 AM

BANKING & FINANCE

Wanda Commercial bonds trading at junk level despite AAA China rating

NEARLY two months after reports about Chinese regulators' scrutiny of the country...
PUBLISHED Aug 16, 2017 05:50 AM

PBOC chief Zhou's proteges positioned to carry reformist baton

AS the retirement of People's Bank of China (PBOC) governor Zhou Xiaochuan nears,...
PUBLISHED Aug 16, 2017 05:50 AM

HSBC said to hire 3 Goldman veterans for Asia equities

HSBC Holdings Plc has hired three executives from Goldman Sachs Group Inc as it seeks to...
PUBLISHED Aug 16, 2017 05:50 AM

10 years ago: A harbinger of 2008 financial crisis

THE failure of Lehman Brothers on Sept 15, 2008 triggered a series of convulsions in...
PUBLISHED Aug 16, 2017 05:50 AM

ENERGY & COMMODITIES

Asia expected to import more Venezuelan crude if US sanctions kick in

ASIA would be the biggest beneficiary of any potential sanctions by the United States on...
PUBLISHED Aug 16, 2017 05:50 AM

Australia's LNG megaproject boom enters final stretch

THE last massive component of Australia's US$180 billion liquefied natural gas (LNG...
PUBLISHED Aug 16, 2017 05:50 AM

South Australia replaces coal-fired generator with solar thermal plant

AN AUSTRALIAN state leading a push for renewable energy over fossil fuels is backing a...
PUBLISHED Aug 16, 2017 05:50 AM

TECHNOLOGY

Facebook samples China's potential with sneaky app

FACEBOOK'S sneaky launch of a photo-sharing app in China, where its social network...
PUBLISHED Aug 16, 2017 05:50 AM

Tech firms grapple with white supremacist and other volatile sites

THE neo-Nazi website Daily Stormer had its Internet domain registration revoked twice in...
PUBLISHED Aug 16, 2017 05:50 AM

LinkedIn cannot block startup from public profile data, rules judge

A US federal judge on Monday ruled that Microsoft Corp's LinkedIn unit cannot...
PUBLISHED Aug 16, 2017 05:50 AM

Gates makes largest donation since 2000 with US$4.6b pledge

BILL Gates made his largest gift since the turn of the century, giving away Microsoft...
PUBLISHED Aug 16, 2017 05:50 AM

Migrating from server to cloud storage

FOR the past several years, having a cloud computing strategy has become a de rigueur for...
PUBLISHED Aug 16, 2017 05:50 AM

Using Dropbox as your corporate file server

IN TODAY'S corporate world, standalone IT solutions won't be able to cover all...
PUBLISHED Aug 16, 2017 05:50 AM

CONSUMER

JD.com reports 496.4m yuan Q2 loss after spending to drive sales

JD.COM INC posted a wider quarterly loss as China's second-largest online mall...
PUBLISHED Aug 16, 2017 05:50 AM

Giants of retail tear prices down as they rush into Iceland

A COMMON complaint heard on the streets of Reykjavik - apart from the weather - is about...
PUBLISHED Aug 16, 2017 05:50 AM

Europe's tainted eggs hurting future trade for Netherlands

THE egg contamination scandal sweeping across Europe will hurt trade from the Netherlands...
PUBLISHED Aug 16, 2017 05:50 AM

Herbalife, Nu Skin shares plunge over fears of Chinese crackdown

SHARES of Herbalife Ltd, Nu Skin Enterprises Inc and Usana Health Sciences Inc tumbled on...
PUBLISHED Aug 16, 2017 05:50 AM

Stevia takes off as alternative to sugar but taste still an issue

OVER the past decade, a little-known herb 200 times sweeter than sugar has become a US$4...
PUBLISHED Aug 16, 2017 05:50 AM

TRANSPORT

STRAIT TALK

Human rights at sea: using animation to educate

THE overall living and working conditions for crew at sea are generally good and much...
PUBLISHED Aug 16, 2017 05:50 AM

Pickups, SUVs may benefit if Trump eases US fuel efficiency standards

A MOVE under consideration by the Trump administration could ease tough fuel efficiency...
PUBLISHED Aug 16, 2017 05:50 AM

Japan looks to wood pulp to make lighter car parts

THE global push among carmakers to make ever lighter vehicles is leading some suppliers...
PUBLISHED Aug 16, 2017 05:50 AM

US airlines unofficially take note of passengers who dress to impress

IT MAY matter what air travellers wear on the plane.
PUBLISHED Aug 16, 2017 05:50 AM

Ryanair calls for curb on alcohol sales at British airports

RYANAIR on Monday called for British airports to impose a two-drink limit on passsengers...
PUBLISHED Aug 16, 2017 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

Retail sales show biggest jump in 7 months

US retail sales recorded their biggest increase in seven months in July as consumers...
PUBLISHED Aug 16, 2017 05:50 AM

Cookie-counting Indrawati aims to fix Indonesian budget woes

WITHIN the austere confines of Indonesia's Finance Ministry, even the cookies are...
PUBLISHED Aug 16, 2017 05:50 AM

IMF forecasts faster Chinese growth as rising debt adds to risks

THE International Monetary Fund (IMF) increased its estimate for China's average...
PUBLISHED Aug 16, 2017 05:50 AM

Modi: India is 'strong enough' to fend off threats

INDIA is strong enough to defend its borders against any threat, Prime Minister Narendra...
PUBLISHED Aug 16, 2017 05:50 AM

LIFE & CULTURE

'Little Olympics' spotlights China-Taiwan tensions

TAIWAN is about to host its largest-ever sporting event, attracting thousands of athletes...
PUBLISHED Aug 16, 2017 05:50 AM

China runners brave gawps, pollution and deadly driving

A GROUP of elderly Chinese joggers are pounding along a deserted motorway when suddenly a...
PUBLISHED Aug 16, 2017 05:50 AM

Chess legend Kasparov rolls back the years in competitive return

TWELVE years after trading chess for politics, Garry Kasparov proved on Monday that time...
PUBLISHED Aug 16, 2017 05:50 AM

Let's say something to Voyager 1 on 40th anniversary: Nasa

NASA is seeking suggestions from the public for a message to beam far, far out into space...
PUBLISHED Aug 16, 2017 05:50 AM

EXECUTIVE MONEY

Why Dow isn't really the stock market

DESPITE a few rocky days recently, the US stock market is having a great year. But...
PUBLISHED Aug 16, 2017 05:50 AM

Investor worries over Fed policy, N Korea tensions fuel rally in bullion

HEDGE fund managers including billionaire John Paulson are being rewarded as investor...
PUBLISHED Aug 16, 2017 05:50 AM

Pimco sees 'handsome' rewards in emerging market local bonds

EMERGING market local bonds are back in the spotlight, with Pimco seeing "handsome...
PUBLISHED Aug 16, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

Japanese insurer to take shopping to another level?

TAKING a leaf from its own book, Tokyo-based Sony Life Insurance is replicating in...
PUBLISHED Aug 16, 2017 05:50 AM
STRAIT TALK

Human rights at sea: using animation to educate

THE overall living and working conditions for crew at sea are generally good and much...
PUBLISHED Aug 16, 2017 05:50 AM
EDITORIAL

US must rely on multilateral trade diplomacy, not bilateral threats

ON Monday, US President Donald Trump signed an executive order authorising US Trade...
PUBLISHED Aug 16, 2017 05:50 AM

Netanyahu's situation reminiscent of Trump's

HE has been a politically controversial and divisive national leader. A right-wing...
PUBLISHED Aug 16, 2017 05:50 AM
THE BOTTOM LINE

Why China is embarrassed by Nobel peace laureate's widow

IN the month since the death of Liu Xiaobo, China's Nobel peace laureate, world...
PUBLISHED Aug 16, 2017 05:50 AM

Scrapping quarterly reporting a bad move

ON April 28, Noble Group held its annual general meeting (AGM) for the financial year...
PUBLISHED Aug 16, 2017 05:50 AM
COMMENTARY

Nafta negotiations face US and Mexican risks

WEDNESDAY sees the start of formal negotiations between the United States, Canada and...
PUBLISHED Aug 16, 2017 05:50 AM

EDITOR'S CHOICE

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