Thursday, Oct 11, 2018

TOP STORIES

One small step for a man, and US$250,000 for Branson's Virgin group

THE waiting list to travel to outer space on board Virgin Galactic's new spaceships...
PUBLISHED Oct 11, 2018 05:50 AM

It's Sri Lanka time

IT'S been barely 10 years since Sri Lanka emerged from the depths of civil war, but...
PUBLISHED Oct 11, 2018 05:50 AM

Risks for global financial stability have risen: IMF

NEAR-TERM risks for global financial stability have risen in the last six months, while...
PUBLISHED Oct 11, 2018 05:50 AM

World leaders need to fix broken economic models, says IMF chief

WORLD leaders need to fix global trading systems instead of trying to tear them down,...
PUBLISHED Oct 11, 2018 05:50 AM

Russian cybersecurity firm Group-IB to move global HQ to Singapore

MOSCOW-BASED firm Group-IB has spent close to a decade fighting and investigating...
PUBLISHED Oct 11, 2018 05:50 AM

Tharman tweaks MAS prohibition orders upon appeal

ORDERS barring two men from doing some kinds of financial work were tweaked upon appeal...
PUBLISHED Oct 11, 2018 05:50 AM
OPINION

How Singapore's building firms can become regional leaders

ASIA is the place to be if you are a construction company. Experts predict the region...
PUBLISHED Oct 11, 2018 05:50 AM

China taps brakes on outbound investment, betrays capital flow fears

CHINA is suspending approvals for a niche overseas investment product in Shanghai known...
PUBLISHED Oct 11, 2018 05:50 AM

Britain expects 5,000 financial services jobs to leave by Brexit

BRITAIN'S financial services minister John Glen told lawmakers that he agreed with...
PUBLISHED Oct 11, 2018 05:50 AM

Inclusiveness through the arts put on stage again

HAVING concluded a successful first run last year, Sunburst: The Business Times-...
PUBLISHED Oct 11, 2018 05:50 AM

COMPANIES & MARKETS

Yancoal to file legal objection to Noble's restructuring

NOBLE Group on Wednesday flagged that Yancoal Australia and certain of Yancoal's...
PUBLISHED Oct 11, 2018 05:50 AM
HOCK LOCK SIEW

SGX, investors should get ready now for next upturn in shipping cycle

SOME market watchers were surprised when South Korea's dry bulk play Polaris...
PUBLISHED Oct 11, 2018 05:50 AM
HOT STOCK

AEM shares rise on Huawei contract news

SHARES of AEM Holdings rose in active trading on Wednesday, after the company announced...
PUBLISHED Oct 11, 2018 05:50 AM

Oil price rally sends shares of OSV operators surging

OFFSHORE supply vessel (OSV) operators have seen a marked recovery in their shares amid...
PUBLISHED Oct 11, 2018 05:50 AM
PUBLISHED Oct 11, 2018 05:50 AM

MindChamps expands into Malaysia, targets 20 preschool centres by 2024

MINDCHAMPS PreSchool has signed Malaysian education group Victoria Education as a master...
PUBLISHED Oct 11, 2018 05:50 AM

Duty Free International Q2 profit falls 12.6%

MAINBOARD-listed Duty Free International (DFI) has posted a 12.6 per cent decline in...
PUBLISHED Oct 11, 2018 05:50 AM

Hong Kong regulator says IPO sponsors still performing below expectations

INVESTMENT banks sponsoring initial public offerings (IPOs) in Hong Kong are still...
PUBLISHED Oct 11, 2018 05:50 AM

Game developer Zynga attracts takeover interest from rivals

ZYNGA Inc, the firm that created FarmVille and Words With Friends, has attracted takeover...
PUBLISHED Oct 11, 2018 05:50 AM

China corporate bond defaults likely to keep rising: Fitch

CHINESE corporate bond defaults are likely to continue rising next year due to daunting...
PUBLISHED Oct 11, 2018 05:50 AM
STOCKS

Asia markets trade mixed; STI falls 1.11%

ASIAN markets closed mixed on Wednesday, as investors hesitated amid worries about global...
PUBLISHED Oct 11, 2018 05:50 AM
PUBLISHED Oct 11, 2018 05:50 AM
CURRENCIES

Euro steadies as US dollar rally takes a breather

THE euro steadied on Wednesday near US$1.15, moving away from seven-week lows after a...
PUBLISHED Oct 11, 2018 05:50 AM

REAL ESTATE

Condo rents slip 0.4% in September; HDB rents drop 0.5%: SRX

THE sluggish rental market for both private and HDB properties is showing no signs of...
PUBLISHED Oct 11, 2018 05:50 AM

Rochor's Golden Wall Centre hits en-bloc market again

GOLDEN Wall Centre has launched its second attempt at a collective sale, with a reserve...
PUBLISHED Oct 11, 2018 05:50 AM

Ex-billionaire fights bid to foreclose on London home

UBS Group is trying to foreclose on a £20.4 million (S$37.2 million) mortgage loan on...
PUBLISHED Oct 11, 2018 05:50 AM

Thai billionaire expands hotel empire to tap Chinese boom

BILLIONAIRE William Heinecke is on the lookout for further takeovers after more than...
PUBLISHED Oct 11, 2018 05:50 AM

Carrie Lam promises more land to ease Hong Kong's housing shortage

HONG KONG'S leader promised on Wednesday to ease the city's chronic housing...
PUBLISHED Oct 11, 2018 05:50 AM

US firm KKR to invest in Korean office property in Gangnam

A GROUP of companies led by KKR & Co will invest in an existing real estate project...
PUBLISHED Oct 11, 2018 05:50 AM

BANKING & FINANCE

China plans expansion of too-big-to-fail rules

CHINA plans to increase the number of companies it deems systemically important financial...
PUBLISHED Oct 11, 2018 05:50 AM

Stocks flatline after sell-off as US borrowing costs hold below peaks

WORLD stocks inched off eight-week lows on Wednesday as US long-dated borrowing costs...
PUBLISHED Oct 11, 2018 05:50 AM

ENERGY & COMMODITIES

Real cash cow in mining isn't metals but coal

FOR all the bullish talk about metals of the future, miners are making some of their...
PUBLISHED Oct 11, 2018 05:50 AM

Logistics woes drive India mills to buy iron ore overseas

STEEL mills in India are increasingly tapping the global market for iron ore as they find...
PUBLISHED Oct 11, 2018 05:50 AM
COMMENTARY

The lithium cartel is self-destructing

WHAT ever happened to the lithium boom?
PUBLISHED Oct 11, 2018 05:50 AM

TECHNOLOGY

SoftBank in talks to buy majority stake in WeWork: sources

JAPAN'S SoftBank Group Corp is in discussions to buy a majority stake in American...
PUBLISHED Oct 11, 2018 05:50 AM

Instagram ramps up battle against cyberbullying

INSTAGRAM on Tuesday added more weapons to battle cyberbullying, using artificial...
PUBLISHED Oct 11, 2018 05:50 AM

Huawei to sell servers with its own chips in cloud computing push

CHINA'S Huawei, the world's largest telecom-equipment maker, on Wednesday said...
PUBLISHED Oct 11, 2018 05:50 AM

CONSUMER

Ackman bets China's coffee drinkers will be next fast-food win

THREE years ago, American investor Bill Ackman was shorting China's currency. Now he...
PUBLISHED Oct 11, 2018 05:50 AM

Luxury shoppers in China still buying bags and wine, but not BMWs

CHINA'S luxury shoppers may be shunning pricey cars, but they're still finding...
PUBLISHED Oct 11, 2018 05:50 AM

Sears hires advisers for bankruptcy filing ahead of debt payment: WSJ

DEBT-LADEN retailer Sears Holdings Corp has hired advisers to prepare for a possible...
PUBLISHED Oct 11, 2018 05:50 AM

TRANSPORT

EU agrees to 35% cut on car emissions by 2030

EUROPEAN Union nations, voicing concerns over a United Nations report on global warming,...
PUBLISHED Oct 11, 2018 05:50 AM

Mahathir's new car brand to be Asean effort to weather trade war

MALAYSIA'S third push to build a national car brand may see it sourcing parts from...
PUBLISHED Oct 11, 2018 05:50 AM

Mini car built for young families in Japan attracts senior buyers instead

WHEN Honda Motor Co launched the latest version of its N-Box a year ago, it promoted...
PUBLISHED Oct 11, 2018 05:50 AM

Mercedes-Benz rolls out fuel-cell SUV to tackle tech hurdles

MERCEDES-BENZ will soon start handing over its latest fuel-cell electric car, an SUV, to...
PUBLISHED Oct 11, 2018 05:50 AM

GOVERNMENT & ECONOMY

Indonesia warns of 'spillover' effect of policies

INDONESIA has a blunt message for the US Federal Reserve's Jerome Powell and other...
PUBLISHED Oct 11, 2018 05:50 AM

Brexit trade deal with Asia is not as outlandish as it may seem

BREXITEERS have long claimed that countries are queuing up to sign trade deals with...
PUBLISHED Oct 11, 2018 05:50 AM

Under pressure, French President Macron puts off cabinet reshuffle

FRENCH PRESIDENT Emmanuel Macron postponed a planned government reshuffle on Wednesday,...
PUBLISHED Oct 11, 2018 05:50 AM

Malaysia to table bill to abolish death penalty, says law minister

THE DEATH penalty will be abolished and there should be a moratorium on all executions...
PUBLISHED Oct 11, 2018 05:50 AM

Trade war bites China's ultra-wealthy

CHINA'S ULTRA-wealthy saw their ranks thinned this year as the trade war with the US...
PUBLISHED Oct 11, 2018 05:50 AM

LIFE & CULTURE

Britain braces for 'the other' royal wedding

FIVE months on from Prince Harry and Meghan Markle's fairytale nuptials, the time...
PUBLISHED Oct 11, 2018 05:50 AM

OPINION

The Ford-Kavanaugh hearings: Who won?

IT'S no secret that Brett Kavanaugh was not President Donald Trump's first...
PUBLISHED Oct 11, 2018 05:50 AM
THE BOTTOM LINE

Oil price rally boosts electric car sales

TESLA'S competition is about to get more crowded next year with many legacy...
PUBLISHED Oct 11, 2018 05:50 AM
EDITORIAL

Rising US-China tensions: Slouching towards Cold War II?

ON MARCH 12, 1947, then US President Harry Truman delivered a major address before...
PUBLISHED Oct 11, 2018 05:50 AM

Trump's trade war may benefit most global economies

THE contours of US President Donald Trump's trade strategy are becoming clearer by...
PUBLISHED Oct 11, 2018 05:50 AM
COMMENTARY

Artificial intelligence has its limits

SAVE for desserts, curry leaves are essential condiments in any South Indian dish, almost...
PUBLISHED Oct 11, 2018 05:50 AM
COMMENTARY

Societies need to work together in the fight against obesity

Today is World Obesity Day and a day to share ideas on how to arrest that steadily...
PUBLISHED Oct 11, 2018 05:50 AM

Lifestyle

COMMENTARY

Societies need to work together in the fight against obesity

Today is World Obesity Day and a day to share ideas on how to arrest that steadily...
PUBLISHED Oct 11, 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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