Wednesday, Jun 13, 2018

TOP STORIES

TRUMP-KIM SUMMIT

History made but Trump-Kim meet needs more substance to convince

AS Donald Trump and Kim Jong Un casually strolled along the colonnade of the Capella...
PUBLISHED Jun 13, 2018 05:50 AM
TRUMP-KIM SUMMIT

Trade is more pressing concern than Trump-Kim summit

WHERE business prospects here are concerned, trade questions matter more than the...
PUBLISHED Jun 13, 2018 05:50 AM
TRUMP-KIM SUMMIT

Risk appetites may grow as US, North Korea talk peace

ASIAN markets' somewhat watered-down reaction to the landmark US-North Korea summit...
PUBLISHED Jun 13, 2018 05:50 AM
TRUMP-KIM SUMMIT: COMMENTARY

US, North Korea talks just first step on long road to peace

KOREA has been the plaything of the Great Powers for the past 130 years. First it was...
PUBLISHED Jun 13, 2018 05:50 AM
TRUMP-KIM SUMMIT

Trump hails a 'very special bond' with Kim

US President Donald Trump said that he had "developed a very special bond" with...
PUBLISHED Jun 13, 2018 05:50 AM
TRUMP-KIM SUMMIT

World leaders welcome Trump-Kim agreement; China to benefit from outcome

WITH US President Donald Trump setting the course for normalising ties with North Korea...
PUBLISHED Jun 13, 2018 05:50 AM

Small players take on consumer goods giants

FROM Coca-Cola and Nestlé to Unilever and Procter & Gamble, the fast-moving consumer...
PUBLISHED Jun 13, 2018 05:50 AM

Retail sales a mixed bag in April, ticking up 0.4%

RETAIL sales continued its lacklustre streak in April, ticking up marginally by 0.4 per...
PUBLISHED Jun 13, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Wrapping debt revamp is no safe harbour for O&M players

WHAT are Sam Goi and other business magnates linked to rescue financing deals in the...
PUBLISHED Jun 13, 2018 05:50 AM

Frasers Property opens second development in Tianjin

MAINBOARD-LISTED Frasers Property said that its Frasers Hospitality business has opened...
PUBLISHED Jun 13, 2018 05:50 AM

SembMarine bags 1st polar expedition cruise ship design contract

SEMBCORP Marine has secured its first polar expedition cruise ship design contract. The...
PUBLISHED Jun 13, 2018 05:50 AM

Boohoo has last laugh as retail rivals fall away

BOOHOO confirmed its position as one of the few winners in Britain's brutal retail...
PUBLISHED Jun 13, 2018 05:50 AM

Long-time Credit Suisse staffers get new roles in investment banking

CREDIT Suisse announced two senior appointments in its South-east Asia investment banking...
PUBLISHED Jun 13, 2018 05:50 AM

BAT hit by slowdown in heated-tobacco as Japan growth stalls

BRITISH American Tobacco plc (BAT) said the rapid growth of tobacco-heating products in...
PUBLISHED Jun 13, 2018 05:50 AM

Corporate digest

THE paper products maker said it will be taken off Singapore Exchange's (SGX) watch...
PUBLISHED Jun 13, 2018 05:50 AM
STOCKS

STI dips 0.3% as caution rules amid summit

"MEH" pretty much wraps up the reaction of the Singapore bourse to the "...
PUBLISHED Jun 13, 2018 05:50 AM

Brokers' take

Singapore Telco |
PUBLISHED Jun 13, 2018 05:50 AM
CURRENCIES

US dollar bounce fizzles as focus shifts to US data

THE dollar gave up all its earlier gains on Tuesday, as markets saw few concrete measures...
PUBLISHED Jun 13, 2018 05:50 AM

REAL ESTATE

Condo resale prices rise again to new high: SRX

THE en bloc sale rally continued to give the private home market strength as resale...
PUBLISHED Jun 13, 2018 05:50 AM

Nobu aims for US$1b sales combining sushi, hotels, condos

NOBU Hospitality, the sushi restaurant and luxury hotel chain founded by Robert De Niro,...
PUBLISHED Jun 13, 2018 05:50 AM

Sydney home bubble deflates as loans revisit 2008 losing streak

AUSTRALIA'S east-coast property bubble is showing signs of deflating at a faster...
PUBLISHED Jun 13, 2018 05:50 AM

Crest Nicholson margins hit by higher costs, flat house prices

BRITISH housebuilder Crest Nicholson Holdings Plc forecast full year operating margins at...
PUBLISHED Jun 13, 2018 05:50 AM

BANKING & FINANCE

Italian debt in demand as political storms abate

THE spread between Italian and German 10-year borrowing costs narrowed on Tuesday as...
PUBLISHED Jun 13, 2018 05:50 AM

Euro mauled by political risk, but ready to be revived: analysts

THE reasons to favour the euro are becoming increasingly hard to ignore.
PUBLISHED Jun 13, 2018 05:50 AM

UBS family office unit targets Asia's new billionaire dealmakers

UBS Group AG expects most new family-office clients to come from Asia as global banking...
PUBLISHED Jun 13, 2018 05:50 AM

ENERGY & COMMODITIES

Exxon Mobil bulks up energy trading to boost profit

EXXON Mobil Corp is pushing deeper into energy trading, building a global cadre of...
PUBLISHED Jun 13, 2018 05:50 AM

Opec resistance to Saudi supply plan grows as Iraq objects

IRAQ said Opec should resist pressure to increase oil supplies, strengthening opposition...
PUBLISHED Jun 13, 2018 05:50 AM

Citic becomes biggest shareholder in Ivanhoe Mines

IVANHOE Mines Ltd agreed to sell a minority stake to Citic Metal Co, making the Chinese...
PUBLISHED Jun 13, 2018 05:50 AM

TECHNOLOGY

Vietnam's legislators approve cyber law clamping down on tech companies, dissent

VIETNAMESE legislators approved a cybersecurity law on Tuesday that tightens control of...
PUBLISHED Jun 13, 2018 05:50 AM

Facebook responds to lawmakers' questions - with 500 pages of submissions

FACEBOOK pledged to continue refining its privacy practices and investigating its...
PUBLISHED Jun 13, 2018 05:50 AM

CONSUMER

Chocolatiers branch out to woo millennials

FROM cannabis to quinoa, ruby to low-sugar: this is not your grandmother's chocolate...
PUBLISHED Jun 13, 2018 05:50 AM
PUBLISHED Jun 13, 2018 05:50 AM

Alzheimer's drug fails; firms decide to halt tests

ELI Lilly & Co and AstraZeneca plc ended two late-stage trials of an experimental...
PUBLISHED Jun 13, 2018 05:50 AM

TRANSPORT

STRAIT TALK

Crystal ball for the shipping industry

MAJOR international freight transport insurer TT Club is celebrating its 50th anniversary...
PUBLISHED Jun 13, 2018 05:50 AM

Daimler gets slapped with recall, but dodges risk of fines

WITH a government order to recall 774,000 vehicles in Europe, Daimler stands accused of...
PUBLISHED Jun 13, 2018 05:50 AM

Musk promises 'full self-driving' Tesla cars in August

TESLA cars will in August suddenly activate "full self-driving features", the...
PUBLISHED Jun 13, 2018 05:50 AM

Byton raises US$500m to take on Tesla

CHINA-BASED electric car startup Byton has raised US$500 million as it ramps up efforts...
PUBLISHED Jun 13, 2018 05:50 AM
COMMENTARY

China's next big innovation? A used-car market

CHINA'S huge bet on new-energy vehicles has understandably gotten the world's...
PUBLISHED Jun 13, 2018 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

May inflation at six-year high, eats away at wage increases

US inflation accelerated in May to the fastest pace in more than six years, reinforcing...
PUBLISHED Jun 13, 2018 05:50 AM

HSR postponed, not scrapped, Mahathir tells Japanese media

MALAYSIA'S Prime Minister Mahathir Mohamad seemed to have walked back from an...
PUBLISHED Jun 13, 2018 05:50 AM

Malaysia to probe Battersea property deal: Anwar

MALAYSIA will investigate the Battersea Power Station deal and other major "dubious...
PUBLISHED Jun 13, 2018 05:50 AM

Singapore and Kenya sign two agreements

SINGAPORE and Kenya signed two agreements on Tuesday, namely a Bilateral Investment...
PUBLISHED Jun 13, 2018 05:50 AM

Singapore is the 9th most expensive Asian city for expats

SINGAPORE is now the ninth most expensive Asian city for expatriates, coming behind Tokyo...
PUBLISHED Jun 13, 2018 05:50 AM

LIFE & CULTURE

TAKING HEART

Expats give back

LIKE most people, Bernard Tan's tear ducts are not immune to the fumes of sliced...
PUBLISHED Jun 13, 2018 05:50 AM
PUBLISHED Jun 13, 2018 05:50 AM

Fifa to choose between North America or Morocco for 2026 World Cup

FIFA members will decide on Wednesday whether the 2026 World Cup should be played in...
PUBLISHED Jun 13, 2018 05:50 AM

EXECUTIVE MONEY

New opportunities in Chinese equities

CHINA'S equity market - the world's second-largest by market capitalisation -...
PUBLISHED Jun 13, 2018 05:50 AM

A feel-good index now has a fund that targets investors with a heart

SPIRITUAL guru Deepak Chopra had just finished teaching a class about ethics in business...
PUBLISHED Jun 13, 2018 05:50 AM

OPINION

Scrapping stock trading link means a missed opportunity

HAVING scrapped the high-speed rail (HSR) link with Singapore, Malaysian Prime Minister...
PUBLISHED Jun 13, 2018 05:50 AM
THE BOTTOM LINE

The US is finally taking China seriously

DURING the US-China rapprochement of the 1970s, China's goals were clear. It wanted...
PUBLISHED Jun 13, 2018 05:50 AM
EDITORIAL

Quality and pricing in initial public offerings matter

THE evolution of the initial public offer (IPO) market in Singapore makes for an...
PUBLISHED Jun 13, 2018 05:50 AM

Seven ways that blockchain can really be leveraged

IN many peoples' minds, cryptocurrencies and their underlying technology, blockchain...
PUBLISHED Jun 13, 2018 05:50 AM

US risks missing out on trade liberalisation in Asia-Pacific

MARKET-opening international trade policy reform tends to yield positive results. When...
PUBLISHED Jun 13, 2018 05:50 AM

Plastic straws aren't clogging oceans - it's old fishing nets

NEW York's top cocktail bars are facing something of a crisis. A fashionable global...
PUBLISHED Jun 13, 2018 05:50 AM

BREAKING NEWS

Jun 18, 2018 10:24 AM

London house prices continue descent as buying season ends

[LONDON] London house prices fell the most since the beginning of the year in June as the capital's property...
Jun 18, 2018 10:06 AM

Ascendas Hospitality Trust to buy three Osaka hotels for 10.29b yen

ASCENDAS Hospitality Trust has on June 15 entered into an agreement with ES-CON Japan via Ascendas Hospitality Real...
Jun 18, 2018 10:01 AM

Hong Kong, Shanghai, Taipei, Jakarta: Markets closed for holidays

[HONG KONG] Financial markets in Hong Kong, Shanghai, Taipei and Jakarta are closed on Monday for public holidays.
Jun 18, 2018 09:50 AM

Several feared dead after strong earthquake hits near Osaka in western Japan

[TOKYO] Several people were feared dead, including a nine-year-old girl, after a strong quake shook the city of Osaka...
Jun 18, 2018 09:42 AM

Asia: Shares fall as US-China trade spat intensifies; oil extends losses

[TOKYO] Asian shares retreated on Monday after US President Donald Trump cranked up trade tensions with China by going...
Jun 18, 2018 09:34 AM

Singapore shares decline at Monday's open; STI down 0.68% to 3,334.04

SINGAPORE stocks opened weaker on Monday, with the Straits Times Index heading down 0.68 per cent or 22.69 points to 3,...
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