Wednesday, May 23, 2018

TOP STORIES

Most earnings meet forecasts, but ratio for those off-mark worsens

CORE profit appears to be growing at a steady clip in corporate Singapore - with most...
PUBLISHED May 23, 2018 05:50 AM

NSE-SGX rift deepens with India bourse filing injunction in Bombay

INDIA's biggest stock exchange has resorted to the court to stonewall the plan by...
PUBLISHED May 23, 2018 05:50 AM

Hyflux CEO Olivia Lum's letter to stakeholders

IN the last three decades, Hyflux has grown from a small start-up to a global leader in...
PUBLISHED May 23, 2018 05:50 AM

MAS to simplify rules for market operators and speed up launch of new products

THE Monetary Authority of Singapore (MAS) intends to simplify rules to encourage more...
PUBLISHED May 23, 2018 05:50 AM

Global economic recovery drives record public asset growth

PENSION fund, central bank and sovereign fund assets grew by US$2.5 trillion on the back...
PUBLISHED May 23, 2018 05:50 AM

Troubled firms wait too long to restructure and bounce back: lawyer

ASIAN societies' aversion to failure has given bankruptcy a bad name it does not...
PUBLISHED May 23, 2018 05:50 AM

Malaysian anti-graft chief: 'I was sent a bullet to my house'

THE head of Malaysia's anti-graft agency gave an explosive account on Tuesday of how...
PUBLISHED May 23, 2018 05:50 AM

Ng Chee Meng steps up as labour chief, takes over from Chan Chun Sing

A MONTH after joining the labour movement, Ng Chee Meng was officially made labour chief...
PUBLISHED May 23, 2018 05:50 AM

Oil rises towards US$80 as supply concerns mount

OIL rose towards US$80 a barrel on Tuesday, supported by concern that falling Venezuelan...
PUBLISHED May 23, 2018 05:50 AM

COMPANIES & MARKETS

Circles.Life to offer zero-dollar price plan

TELCO Circles.Life has come out with a zero-dollar price plan - once more shifting the...
PUBLISHED May 23, 2018 05:50 AM

Moya launches one-for-two rights issue

WATER treatment company Moya Holdings Asia has launched a one-for-two rights issue.
PUBLISHED May 23, 2018 05:50 AM

Corporate digest

SPACKMAN Entertainment Group (SEG) has agreed to buy another 7.52 per cent stake in...
PUBLISHED May 23, 2018 05:50 AM
HOCK LOCK SIEW

Is O&M still relevant to Keppel Corp's new vision?

"DON'T put all your eggs in one basket!" so says the oldest rule in the...
PUBLISHED May 23, 2018 05:50 AM

Hatten Land in JV to launch new platform

CATALIST-listed property developer Hatten Land and proptech startup FundPlaces will form...
PUBLISHED May 23, 2018 05:50 AM
HOT STOCK

Cordlife slumps 7.4%, queried by SGX on unusual price moves

SHARES in Cordlife Group fell 7.4 per cent to S$0.88 apiece on Tuesday, making it one of...
PUBLISHED May 23, 2018 05:50 AM

At a glance

Q1 ended March 2018
PUBLISHED May 23, 2018 05:50 AM
STOCKS

Losers abound in muted Tuesday trade

LOCAL equities were muted on Tuesday, as the fizz from the weekend's US-China trade...
PUBLISHED May 23, 2018 05:50 AM

Brokers' take

FIRST-QUARTER results are disappointing. All the companies under our coverage, except...
PUBLISHED May 23, 2018 05:50 AM
CURRENCIES

US dollar rally falters as Treasury yields dip

THE US dollar's rally faltered on Tuesday as Treasury yields dipped after a broad...
PUBLISHED May 23, 2018 05:50 AM

REAL ESTATE

Buxani Group buys 117-room hotel in Glasgow

SINGAPORE-BASED property investment firm Buxani Group has bought its first property in...
PUBLISHED May 23, 2018 05:50 AM

Macly Group purchases 5 terrace houses in Guillemard area

MACLY Group is buying five terrace houses in the Guillemard Road/ Lorong 28 Geylang...
PUBLISHED May 23, 2018 05:50 AM

GIC in joint venture to acquire office portfolio in California's 'Silicon Beach'

GIC and a group of investors have formed a joint venture led by Rockwood Capital to...
PUBLISHED May 23, 2018 05:50 AM

BANKING & FINANCE

UAE raises the stakes to woo foreigners to stay on in Dubai

THE United Arab Emirates (UAE) is taking its most drastic steps yet to stop Saudi Arabia...
PUBLISHED May 23, 2018 05:50 AM

As bitcoin world wobbles, mining rig company Canaan plans US$2b IPO

BITCOINS are worth less than half of what they were in December. Mining them is 60 per...
PUBLISHED May 23, 2018 05:50 AM

A$ at one-month high, kiwi snaps losing streak

THE Australian dollar rose to a one-month top on Tuesday, boosted by surging prices for...
PUBLISHED May 23, 2018 05:50 AM

ENERGY & COMMODITIES

US slaps steep import duties on Chinese steel shipped from Vietnam

THE US Commerce Department on Monday slapped heavy import duties on steel products from...
PUBLISHED May 23, 2018 05:50 AM

TECHNOLOGY

Humans fight back against robots mining personal finance data

REGULATORS are beginning to teach robots who's the boss...
PUBLISHED May 23, 2018 05:50 AM

Microsoft will share data, tools to speed Chinese AI development

MICROSOFT Corp will set up an open platform with four of China's most prestigious...
PUBLISHED May 23, 2018 05:50 AM

Uber wins approval for taxi-hailing pilot programme in remote Japanese island

AFTER years of being sidelined by Japan's laws against ride-sharing, Uber...
PUBLISHED May 23, 2018 05:50 AM

CONSUMER

Sony buys EMI Music Publishing in US$1.9b deal

JAPANESE entertainment giant Sony on Tuesday announced a deal to acquire the music...
PUBLISHED May 23, 2018 05:50 AM

An egg a day may keep the doctor away

FOR decades, specialists warned that eating eggs raises levels of unhealthy cholesterol...
PUBLISHED May 23, 2018 05:50 AM

Polyester, nylon clothes may be caught in UK curbs on plastics

UK Chancellor Philip Hammond is being urged to start taxing clothes made from polyester...
PUBLISHED May 23, 2018 05:50 AM

Saks offers facial workouts, threaded brows in cosmetics redo

SAKS Fifth Avenue wants to elevate cosmetics shopping to a whole new level. Literally.
PUBLISHED May 23, 2018 05:50 AM

TRANSPORT

STRAIT TALK

Don't forget the fishing industry

A FEW weeks ago, I was on a cruise ship sailing from Hong Kong to Japan. As we crossed...
PUBLISHED May 23, 2018 05:50 AM

China to cut car import duty to 15%

CHINA will cut the import duty on passenger cars to 15 per cent, boosting car makers such...
PUBLISHED May 23, 2018 05:50 AM

Australia investigators defend MH370 out-of-control scenario

AUSTRALIAN investigators on Tuesday defended their findings that missing Malaysia...
PUBLISHED May 23, 2018 05:50 AM

GOVERNMENT & ECONOMY

BOE's Carney says economy will bounce back

BANK of England (BOE) governor Mark Carney said on Tuesday he expected Britain's...
PUBLISHED May 23, 2018 05:50 AM

EU fears offer to US not enough to end trade row

THE European Union's (EU) own top trade official warned on Tuesday that the bloc...
PUBLISHED May 23, 2018 05:50 AM

Public education drive urges Swedes: 'Prep for war'

IN a country that hasn't been at war for more than 200 years, preparing for the...
PUBLISHED May 23, 2018 05:50 AM

Iran tells European powers to step up and save nuclear deal

IRAN poured scorn on threatened US sanctions on Tuesday and told European powers to step...
PUBLISHED May 23, 2018 05:50 AM

LIFE & CULTURE

COMPANY OF GOOD

Making it their business to give back

MAKING the world a better place is not just the responsibility of governments but...
PUBLISHED May 23, 2018 05:50 AM

EXECUTIVE MONEY

As smart-beta spreads, former fan wonders if it's actually dumb

A few years ago, Vincent Deluard was a huge cheerleader for smart-beta ETFs, which slice...
PUBLISHED May 23, 2018 05:50 AM

Beware the VIX, prepare for a more volatile bull market

ALTHOUGH the VIX (CBOE Volatility Index, which measures expected volatility in the US...
PUBLISHED May 23, 2018 05:50 AM

Asset managers plan new ETFs on their own

IT has never been easier to start an exchange-traded fund (ETF) - or so it seems.
PUBLISHED May 23, 2018 05:50 AM

OPINION

EDITORIAL

An SIA-SilkAir merger makes for a better way to fly

SOMETIME in the near future, the SilkAir brand will no longer exist, after parent...
PUBLISHED May 23, 2018 05:50 AM

Here's a new idea: Investing in N Korea

THE new flavour of the year may be investing in North Korea. The self-isolated country is...
PUBLISHED May 23, 2018 05:50 AM
THE BOTTOM LINE

Is Europe turning its back on democratic values?

IF you had to identify a place and time where the humanitarian dream - the vision of a...
PUBLISHED May 23, 2018 05:50 AM

Airport infrastructure is the vital link in helping Asean nations fly high

JOSEPH Stiglitz, Nobel Prize-winner in economics, has a theory that the drivers of...
PUBLISHED May 23, 2018 05:50 AM
COMMENTARY

Europe prepares for populists taking power in Italy

THE two radical, populist parties preparing for power in Italy - the Five Star movement...
PUBLISHED May 23, 2018 05:50 AM

BREAKING NEWS

Sep 20, 2018 07:11 AM

Canada PM urges some US flexibility in Nafta, talks seen slow

[WASHINGTON] Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United...
Sep 20, 2018 07:07 AM

Brazil's central bank maintains record low 6.5% interest rate

[BRASÍLIA] Brazil's Central Bank maintained its key interest rate at the historic low of 6.5 per cent on Wednesday...
Sep 20, 2018 07:04 AM

Facebook building a 'war room' to battle election meddling

[SAN FRANCISCO] Facebook on Wednesday said it will have a "war room" up and running on its Silicon Valley...
Sep 20, 2018 07:00 AM

US ready to negotiate with North Korea 'immediately': Pompeo

[WASHINGTON] US Secretary of State Mike Pompeo welcomed Pyongyang's "important commitments" made by...
Sep 20, 2018 06:58 AM

Nigeria suspends relaunch of national airline

[ABUJA] Nigeria is suspending the relaunch of its national airline just over two months after it announced the new...
Sep 20, 2018 06:57 AM

Google Mini captures top spot in connected speaker market: survey

[WASHINGTON] Google Home Mini has vaulted to the top spot in the global market for connected speakers, edging out a...
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