Tuesday, Mar 20, 2018

TOP STORIES

FOMC MEET

Markets wait for Jerome Powell to set the tone

JEROME Powell's first major policy act as US Federal Reserve chairman will be...
PUBLISHED Mar 20, 2018 05:50 AM

MAS fines StanChart units S$6.4m for breach of money laundering, terror financing rules

THE Monetary Authority of Singapore has imposed penalties of S$5.2 million on Standard...
PUBLISHED Mar 20, 2018 05:50 AM

Kwek and Quek entities secure Pacific Mansion for S$980m

ENTITIES controlled by Singapore property tycoon Kwek Leng Beng and his Malaysian...
PUBLISHED Mar 20, 2018 05:50 AM
PARLIAMENT

Chongqing project yields 25.3b yuan of financing deals, better connectivity

CROSS-BORDER financing deals worth 25.3 billion yuan (S$5.3 billion) have been completed...
PUBLISHED Mar 20, 2018 05:50 AM

Competition watchdog monitoring talk of Uber-Grab link

THE process by which the Competition Commission of Singapore (CCS) gives confidential...
PUBLISHED Mar 20, 2018 05:50 AM

PSA full-year profit up 5.1% to S$1.23 billion

PORT and terminal operator PSA International posted a 5.1 per cent rise in full-year net...
PUBLISHED Mar 20, 2018 05:50 AM

More companies in S-E Asia planning to divest: survey

SOUTH-EAST Asian firms' divestment intentions have caught up to those of their...
PUBLISHED Mar 20, 2018 05:50 AM

Trade ministry names 18 to Enterprise Singapore board

THE Ministry of Trade and Industry (MTI) has appointed 18 people - including prominent...
PUBLISHED Mar 20, 2018 05:50 AM
OPINION

Time for the good guys to learn from cybercriminals

IN RECENT years, cybercrime has produced one of the most collaborative and efficient...
PUBLISHED Mar 20, 2018 05:50 AM

Swiss private bank Pictet expands in Singapore with wholesale licence

THE Pictet Group said on Monday that it has obtained a wholesale bank licence from the...
PUBLISHED Mar 20, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

SGX cracks down on errant companies

OVER the past month, it is heartening to see Singapore Exchange (SGX) slap, in a very...
PUBLISHED Mar 20, 2018 05:50 AM

YuuZoo suspended from trading as auditors fail to make call

THE Singapore Exchange (SGX) suspended trading in YuuZoo Corporation shares on Monday...
PUBLISHED Mar 20, 2018 05:50 AM

Noble braces for first bond default

NOBLE Group Ltd is racing against time to garner enough votes for a debt restructuring...
PUBLISHED Mar 20, 2018 05:50 AM

Corporate digest

EMBATTLED disk-drive maker Datapulse has appointed a new chief executive - two weeks...
PUBLISHED Mar 20, 2018 05:50 AM

New S$240m OCBC data fortress comes with blast-proof walls

IT may not be Fort Knox, but OCBC Bank's S$240 million new regional data centre...
PUBLISHED Mar 20, 2018 05:50 AM

Shanghai Turbo video shows attack on management staff

CHINA-BASED precision manufacturer Shanghai Turbo has uploaded a video of events which...
PUBLISHED Mar 20, 2018 05:50 AM

Apple developing own screens

APPLE Inc is developing its own MicroLED device displays and has made small numbers of...
PUBLISHED Mar 20, 2018 05:50 AM
STOCKS

Shares dip in uninspiring session

IT was a nondescript market trading day, as Singapore shares defied Wall Street's...
PUBLISHED Mar 20, 2018 05:50 AM

Brokers' take

BREADTALK'S share price has surged 14.1 per cent year-to-date, outperforming the...
PUBLISHED Mar 20, 2018 05:50 AM
CURRENCIES

US dollar consolidates gains before Fed meets

THE US dollar was little changed on Monday after four straight weeks of gains as...
PUBLISHED Mar 20, 2018 05:50 AM

REAL ESTATE

Peak Court up for en bloc sale with asking price of S$106m

THE freehold Peak Court at Thomson Road has launched a tender for collective sale with an...
PUBLISHED Mar 20, 2018 05:50 AM

China to finance majority of new Egypt capital's tower district

CHINESE banks will provide 85 per cent of the funding needed for the US$3 billion...
PUBLISHED Mar 20, 2018 05:50 AM

Door opens for China property developers' onshore bond issues

CHINESE property developers have been ramping up onshore bond issues in the past two...
PUBLISHED Mar 20, 2018 05:50 AM

China's new home price growth slows as big cities decline

CHINA'S new home price growth slowed in February from the previous month as a raft...
PUBLISHED Mar 20, 2018 05:50 AM

No spring boost for London property market

LONDON property asking prices slumped for a seventh straight month as sellers held off...
PUBLISHED Mar 20, 2018 05:50 AM

Rising towers give NY developers sinking feeling

FROM a penthouse apartment in the Hub, a new 186 m rental tower in downtown Brooklyn that...
PUBLISHED Mar 20, 2018 05:50 AM

BANKING & FINANCE

Citigroup wants more senior women at its markets unit in Asia

CITIGROUP wants to achieve parity between male and female managing directors at its...
PUBLISHED Mar 20, 2018 05:50 AM

HK's richest woman loses half her wealth on stock plunge

POLLYANNA Chu has lost her title as Hong Kong's richest woman after her listed...
PUBLISHED Mar 20, 2018 05:50 AM

From a £90m bonus to jail: The fall of a star trader

CHRISTIAN Bittar was once among Deutsche Bank AG's highest-paid traders, a math whiz...
PUBLISHED Mar 20, 2018 05:50 AM

ENERGY & COMMODITIES

Brazil fuel imports to fall from record as Petrobras cuts prices

BRAZIL fuel imports are set to fall from a record as the country's state-owned oil...
PUBLISHED Mar 20, 2018 05:50 AM

Gold falls for 4th day as US dollar stays firm ahead of Fed meeting

GOLD prices extended losses into a fourth session on Monday and hit a more than two-week...
PUBLISHED Mar 20, 2018 05:50 AM

TECHNOLOGY

Amazon Go gets customers coming back

AMAZON is tracking how regularly customers shop at its store without checkout lines in...
PUBLISHED Mar 20, 2018 05:50 AM
COMMENTARY

Zuckerberg is making a worrying passel of enemies

FOR a business built on growing friendships, Facebook is making an astonishing number of...
PUBLISHED Mar 20, 2018 05:50 AM

CONSUMER

Samsonite eyes handbag brand after US$1.8b Tumi deal

SAMSONITE International SA, the world's biggest luggage maker, has its eyes on...
PUBLISHED Mar 20, 2018 05:50 AM

Take this app and call me in the morning

HEALTH tech companies are making a big push to digitise medicine, introducing novel tools...
PUBLISHED Mar 20, 2018 05:50 AM

Court rules Heinz 'healthy' toddler food misleading

FOOD giant Heinz's misled consumers about the health value of Little Kids Shredz...
PUBLISHED Mar 20, 2018 05:50 AM

TRANSPORT

Hyundai Motor shares slide following US probe

SHARES in Hyundai Motor tumbled on Monday on a US probe into why air bags failed to...
PUBLISHED Mar 20, 2018 05:50 AM

How China's ride-hailing giant Didi plans to challenge Uber in Mexico

WORKING quietly from a shared office space in one of Mexico City's trendiest...
PUBLISHED Mar 20, 2018 05:50 AM

Air France reminds travellers of what their flight could be like

YOU open what looks like an in-flight care package to find 15 metres of Sudoku puzzles on...
PUBLISHED Mar 20, 2018 05:50 AM

GOVERNMENT & ECONOMY

China forms new economic team as President Xi kicks off 2nd term

CHINA elevated a key confidante of President Xi Jinping to one of the top positions in...
PUBLISHED Mar 20, 2018 05:50 AM

EU agrees on Brexit transition, UK renews Irish border vow

BRITAIN agreed to a potentially unpalatable deal to avoid a "hard border" for...
PUBLISHED Mar 20, 2018 05:50 AM

US retailers urge Trump not to hit China with tariffs

SEVERAL large US retail companies, including Wal-Mart Inc, Target Corp, Best Buy Co Inc...
PUBLISHED Mar 20, 2018 05:50 AM

African Union launches bid for world's largest free trade area

AFRICA'S leaders will gather in Rwanda on Wednesday to launch what they say will be...
PUBLISHED Mar 20, 2018 05:50 AM

LIFE & CULTURE

Saudi Arabia cultivating a new resource - entertainment

THE lights dimmed, the conductor emerged and the nearly full house applauded as he stood...
PUBLISHED Mar 20, 2018 05:50 AM

James Comey's memoir tops bestseller list after Trump's Twitter attacks - and it's not even out yet

JAMES Comey's memoir surged to the top of Amazon's bestseller list over the...
PUBLISHED Mar 20, 2018 05:50 AM

SME

Beauty for the busy

FOR the working woman of today, time is of the essence. Gone are the days of tedious...
PUBLISHED Mar 20, 2018 05:50 AM

How data analytics may turn SMEs into smart enterprises

IT IS widely believed that effective data analysis may create new business opportunities...
PUBLISHED Mar 20, 2018 05:50 AM

OPINION

EDITORIAL

Fed's Powell must take US out of last recession, avert next one

FOR the first time since the collapse of Lehman Brothers in 2008, a sitting chair of the...
PUBLISHED Mar 20, 2018 05:50 AM

Blending trade and national security policies

BOTH protectionism and mercantilism rely on shielding a country's domestic...
PUBLISHED Mar 20, 2018 05:50 AM
THE BOTTOM LINE

China now holds itself up as a world model

LAST October, China raised its leader Xi Jinping to dizzying heights when it wrote Xi...
PUBLISHED Mar 20, 2018 05:50 AM

YuuZoo: A company like no other

SINCE July 5, 2017, I have written several articles relating to corporate governance,...
PUBLISHED Mar 20, 2018 05:50 AM
COMMENTARY

Trump 'throws the dice' with Kim summit

SOUTH Korea will push ahead this week with its northern neighbour to prepare for Donald...
PUBLISHED Mar 20, 2018 05:50 AM
COMMENTARY

UK doubles export finance support for Singapore trade

THE UK government has announced that its export credit agency, UK Export Finance (UKEF),...
PUBLISHED Mar 20, 2018 05:50 AM

BREAKING NEWS

Apr 23, 2018 11:13 PM

Nafta ministers set to meet again amid intensified push for deal

[MEXICO CITY] Senior trade officials from the US, Canada and Mexico will meet again in Washington in an intensified...
Apr 23, 2018 10:44 PM

Indonesian motorcycle taxi drivers protest low online tariffs

[JAKARTA] Hundreds of Indonesian motorcycle taxi drivers working for start-ups Grab and Go-Jek called on Monday for an...
Apr 23, 2018 10:18 PM

Body of Iran shah possibly found: heritage officials

[TEHRAN] Tehran's heritage committee said Monday it has found a mummified body at the site of a former shah's...
Apr 23, 2018 10:13 PM

Olina Lodge sold for S$230.9 million

THE hilltop Olina Lodge was sold on April 20 for S$230.9 million, 5 per cent higher than the reserve price of S$220...
Apr 23, 2018 10:01 PM

St Michael's Condo to be launched for collective sale for at least S$112m

ST Michael's Condominium off Serangoon Road is launching on the market on Tuesday, said marketing agent Teakhwa...
Apr 23, 2018 09:47 PM

US: Wall St opens higher on tech, industrial gains

[NEW YORK] US stocks opened higher on Monday as gains in technology and industrial stocks led optimism about a strong...
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