Wednesday, Sep 19, 2018

TOP STORIES

CapitaLand expands into multifamily homes with US$835m buy

CAPITALAND is adding multifamily apartments as a new asset class to its portfolio with...
PUBLISHED Sep 19, 2018 05:50 AM

HSBC Singapore beefing up commercial banking division

HSBC Singapore is ramping up its commercial banking division to support companies...
PUBLISHED Sep 19, 2018 05:50 AM

Trade war is 'lose-lose': JPMorgan research chief

THE back-and-forth between the world's two largest economies that has haunted...
PUBLISHED Sep 19, 2018 05:50 AM

Retaliatory tariffs put almost all of China exports to US on the line

CHINA on Tuesday announced it will take retaliatory tariff action against US$60 billion...
PUBLISHED Sep 19, 2018 05:50 AM
BT EXCLUSIVE

Ferrari rolls out plans to raise buyer numbers, payouts and margins

FERRARI will mine its past to turbocharge future profits. And don't expect a Sport...
PUBLISHED Sep 19, 2018 05:50 AM

Merck opens new S$20m lab offering biosafety testing services

PHARMACEUTICAL firms in Asia can get quicker, more accessible testing services for their...
PUBLISHED Sep 19, 2018 05:50 AM

South African fintech raises US$52m for Asia, Africa push; CEO moves to S'pore

SOUTH African fintech firm Jumo has raised US$52 million (S$71.5 million) in its latest...
PUBLISHED Sep 19, 2018 05:50 AM

Drought trims Australia's fleece output

AUSTRALIA on Tuesday trimmed its forecast for wool production by 6 per cent as drought...
PUBLISHED Sep 19, 2018 05:50 AM

COMPANIES & MARKETS

OUE group to buy Bowsprit and stake in First Reit for S$202m

THE OUE group is one step closer to realising its ambition of creating an asset...
PUBLISHED Sep 19, 2018 05:50 AM

SGX invests in NY-based corporate bond trading platform Trumid

THE Singapore Exchange (SGX) has led a US$53 million growth equity financing round in...
PUBLISHED Sep 19, 2018 05:50 AM
HOT STOCK

Double assault of flooding and tariffs sends Valuetronics tumbling

SHARES of Valuetronics Holdings took a hit on Tuesday, pummelled on two fronts by news of...
PUBLISHED Sep 19, 2018 05:50 AM

Sembcorp inks 20-year deal to provide solar energy for Facebook Singapore

SEMBCORP Industries on Tuesday announced a 20-year solar energy deal with Facebook to...
PUBLISHED Sep 19, 2018 05:50 AM
STRATEGY SPOTLIGHT

The Internet of Things and its possibilities

THE Internet of Things (IoT) is connecting digital and physical worlds in innovative ways...
PUBLISHED Sep 19, 2018 05:50 AM

Hard Brexit could prompt Amsterdam speed traders to set up shop in London

WHILE the financial world has focused on bankers leaving London for the Continent due to...
PUBLISHED Sep 19, 2018 05:50 AM

Marsh & McLennan to buy UK broker JLT for £4.3b

MARSH & McLennan Companies (MMC) Inc has agreed to buy Jardine Lloyd Thompson (JLT)...
PUBLISHED Sep 19, 2018 05:50 AM

Malaysia's Axiata scraps US$940m Pakistan deal after regulatory issues

A UNIT of Malaysian telecoms firm Axiata Group has called off a US$940 million deal to...
PUBLISHED Sep 19, 2018 05:50 AM

Corporate digest

DEBAO Property Development has submitted an application to the Singapore Exchange (SGX)...
PUBLISHED Sep 19, 2018 05:50 AM
STOCKS

Markets shrug off new round of US tariffs

US President Donald Trump raised a ruckus by thumping China with yet another round of...
PUBLISHED Sep 19, 2018 05:50 AM

Brokers' take

Singapore Airlines | Hold
PUBLISHED Sep 19, 2018 05:50 AM
CURRENCIES

Dollar steady as US and China escalate trade war

The US dollar was little changed on Tuesday, close to a three-week low against the euro,...
PUBLISHED Sep 19, 2018 05:50 AM

REAL ESTATE

Mayo Clinic, Pontiac Land tie up to expand Rochester campus

MAYO Clinic and real estate developer Pontiac Land Group are collaborating in an...
PUBLISHED Sep 19, 2018 05:50 AM

Japan's average land prices rise for the first time in 27 years

JAPAN'S average land prices rose for the first time in 27 years in the year to July...
PUBLISHED Sep 19, 2018 05:50 AM

Hilton splashes into the Caribbean with all-inclusive resort deal

ALL-INCLUSIVE resorts, which typically charge budget-conscious travellers a single price...
PUBLISHED Sep 19, 2018 05:50 AM

BANKING & FINANCE

PBOC has 8.6t yuan money-fund headache

CHINA'S ever-growing money market funds pose an increasing problem for the nation...
PUBLISHED Sep 19, 2018 05:50 AM

India mulling merger of three state-run lenders

INDIA is considering merging three state-run lenders as it seeks to strengthen the debt-...
PUBLISHED Sep 19, 2018 05:50 AM

Indonesia woos millennials with 7.3t rupiah of online retail savings bonds

THE Indonesian government sold 7.32 trillion rupiah (S$672.8 million) worth of bonds to...
PUBLISHED Sep 19, 2018 05:50 AM

ENERGY & COMMODITIES

India's falling rupee pushes gas prices to record high

INDIA'S growth monikers - the world's fastest-growing major economy and the...
PUBLISHED Sep 19, 2018 05:50 AM

Vitol Group, Cheniere Energy sign 15-year, long-term LNG supply deal

CHENIERE Energy Inc struck a 15-year liquefied natural gas (LNG) sale and purchase...
PUBLISHED Sep 19, 2018 05:50 AM

TECHNOLOGY

Regional cybersecurity centre set up to boost defences

AMID the mounting threat of cyberattacks, Asean countries will collaborate more to...
PUBLISHED Sep 19, 2018 05:50 AM

IBM being sued for age discrimination after firing over 20,000 employees

A LAWYER known for battling tech giants over their treatment of workers has set her...
PUBLISHED Sep 19, 2018 05:50 AM

Renault, Mitsubishi, Nissan to let Google into the dashboard

RENAULT SA, Nissan Motor Co and Mitsubishi Motors Corp are about to do what many...
PUBLISHED Sep 19, 2018 05:50 AM

Oracle reports sales that miss estimates on slow cloud effort

ORACLE Corp reported sluggish quarterly sales and projected anaemic growth in the current...
PUBLISHED Sep 19, 2018 05:50 AM

CONSUMER

Haidilao prices HK IPO at top of the range, raising US$963m

CHINESE hotpot chain Haidilao raised US$963 million in its Hong Kong initial public...
PUBLISHED Sep 19, 2018 05:50 AM

Japan's oldest winemaker gets set for European grape onslaught

WITH the removal of tariffs on European wines as soon as next year, Kirin Holdings'...
PUBLISHED Sep 19, 2018 05:50 AM

Needles-in-strawberries culprits still at large; Queensland acts

AUSTRALIAN police said on Tuesday that they are investigating reports of dozens of cases...
PUBLISHED Sep 19, 2018 05:50 AM

TRANSPORT

Fashion guru to be first on SpaceX moon flight in 2023

SPACEX, Elon Musk's space transportation company, on Monday named its first private...
PUBLISHED Sep 19, 2018 05:50 AM

Audi holds California E-Tron party as it takes aim at Tesla

LOOK out, Tesla: the Germans are finally coming.
PUBLISHED Sep 19, 2018 05:50 AM

VW, BMW, Daimler face EU probe over collusion

VOLKSWAGEN AG, Daimler AG and BMW AG face a European Union antitrust probe into suspected...
PUBLISHED Sep 19, 2018 05:50 AM

Qatar Airways blames 252m-riyal loss on Gulf dispute

QATAR Airways reported on Tuesday a 252 million-riyal (S$95 million) loss for the...
PUBLISHED Sep 19, 2018 05:50 AM

GOVERNMENT & ECONOMY

Singapore summit stabilised regional security: Kim

NORTH Korean leader Kim Jong-un said on Tuesday his "historic" summit with US...
PUBLISHED Sep 19, 2018 05:50 AM

World needs to spend more to meet development goals: Lagarde

THE world needs to step up spending to meet the ambitious goals to reduce poverty and...
PUBLISHED Sep 19, 2018 05:50 AM

EU lays out WTO reform ideas to rein in US, China

THE European Commission published its ideas on Tuesday for reforming the World Trade...
PUBLISHED Sep 19, 2018 05:50 AM

Economic nationalism is back in Indonesia as election approaches

NOTHING sells like economic nationalism in Indonesia's election season...
PUBLISHED Sep 19, 2018 05:50 AM

LIFE & CULTURE

Game of Thrones wins top Emmy award

THE dragons held off Netflix.
PUBLISHED Sep 19, 2018 05:50 AM

Ruffled Azarenka scores Tokyo win

FORMER world No. 1 Victoria Azarenka fought the gremlins to beat Japan's Kurumi Nara...
PUBLISHED Sep 19, 2018 05:50 AM

EXECUTIVE MONEY

Investments that may have hit their peak

LAST week was the 10th anniversary of the collapse of Lehman Bros, a flashpoint in the...
PUBLISHED Sep 19, 2018 05:50 AM

Risk of derivatives not gone but simply morphed

MARKETS have served a timely reminder of the latent risk from derivatives - the wild...
PUBLISHED Sep 19, 2018 05:50 AM

OPINION

Cambodia is primed and open for business

ON July 29, the Cambodian People's Party (CPP) declared victory in the country'...
PUBLISHED Sep 19, 2018 05:50 AM
THE BOTTOM LINE

Warning from the almost-depression

ALL during the 2008-09 financial crisis, Americans were told that the government was...
PUBLISHED Sep 19, 2018 05:50 AM
EDITORIAL

Falling rupee likely to be election issue in India

The Indian rupee, one of the worst performing Asian currencies, is likely to be a major...
PUBLISHED Sep 19, 2018 05:50 AM

The things independent directors do for shareholders

INDEPENDENT directors serve as an important check and balance in companies. While they...
PUBLISHED Sep 19, 2018 05:50 AM
COMMENTARY

Anti-immigrant feelings: too many men, too few women

THE rate at which migrants are arriving has diminished considerably almost everywhere in...
PUBLISHED Sep 19, 2018 05:50 AM

BREAKING NEWS

Dec 13, 2018 12:29 AM

Madrid temporarily bans 'oldest, most polluting' vehicles

[MADRID] Madrid on Wednesday temporarily banned the oldest, most polluting vehicles from driving its streets, two weeks...
Dec 13, 2018 12:15 AM

Francis to say first Mass by a pope on Arabian peninsula in UAE

[VATICAN CITY] Pope Francis will say the first Mass by a pontiff on the Arabian peninsula in February and visit one of...
Dec 13, 2018 12:08 AM

EU, Japan clinch record trade accord in shadow of protectionism

[STRASBOURG] The European Parliament approved a draft free-trade agreement with Japan, removing the last political...
Dec 12, 2018 11:54 PM

Hitachi to buy ABB power-grid unit for 800b yen

[TOKYO] Hitachi Ltd is close to a deal to purchase ABB Ltd's power-grids business for as much as 800 billion yen (...
Dec 12, 2018 11:34 PM

BHP's US$320m copper mine sale called off, Chile Union says

[SANTIAGO] The sale of BHP Group Plc's smallest copper mine in Chile has been called off after the would-be buyer...
Dec 12, 2018 11:18 PM

Edition Limited calls off acquisition of Israeli cybersecurity firm

KRANJI farm operator Edition has called off a planned acquisition of 51 per cent in the enlarged share capital of...
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