US stocks drop on worries China virus will crimp growth

NEW YORK (AFP) - Wall Street stocks dropped early Thursday (Jan 23) on worries that the coronavirus will crimp growth in China as major...

Money FM Podcast: How staff management will be more strategic this decade

TAP/CLICK TO LISTEN: Prime Time: How the 20s will be the decade HR will be a more strategic business consideration 13:42 mins Synopsis: In Mind Your Business,...

SGX acquires research-based index firm for S$280 million

SINGAPORE - The Singapore Exchange (SGX) has acquired a research-based index firm that will provide more diverse products for investors. The deal involves the bourse...

StarHub, M1 to jointly bid for 5G licence in Singapore

SINGAPORE (THE BUSINESS TIMES) - In a move widely expected by industry analysts, telcos StarHub and M1 on Thursday (Jan 23) said they have...

Philippines 2019 GDP growth hits 8-year low on weak farm output, budget delay

MANILA (REUTERS) - The Philippine economy gathered momentum in the final quarter even though full-year growth slid to an eight-year low and missed the...

UBS, Morgan Stanley cutting Asia investment banker bonuses

HONG KONG (BLOOMBERG) - Global banks, including Morgan Stanley and UBS Group, are cutting investment banker bonuses in Asia after deals cooled, with senior...

SIA-backed Vistara considering adding more Boeing jets in India to fight Emirates

NEW DELHI (BLOOMBERG) - Singapore Airlines is preparing to add planes in India to take on Emirates in one of the world's fastest-growing aviation...

Frasers Property buying London business park for $238m

SINGAPORE (THE BUSINESS TIMES)- Real estate group Frasers Property on Thursday (Jan 23)said it is acquiring Lakeshore, Bedfont Lakes business park in London for...

Asia stocks fall, safe havens up as China virus fears grow

TOKYO (REUTERS) - Asian shares and US stock futures edged lower on Thursday (Jan 23) as investors remained anxious about the spread of a...

Allied Tech CEO, CFO to assist in CAD probe into missing $33m

SINGAPORE (THE BUSINESS TIMES) - Allied Technologies' chief executive officer Clement Leow Wee Kia and chief financial officer Ong Lizhen will be "providing assistance"...

Stock that rose 8,500% in Hong Kong resumes trading with $3.3 billion plunge

HONG KONG (BLOOMBERG) - China Ding Yi Feng Holdings plunged 68 per cent at the open on its first day of trading after a...

Singapore office rents slide 3.2% in Q4, down 3.1% for 2019: URA

SINGAPORE (THE BUSINESS TIMES) - Rents of office space in the central region of Singapore eased 3.2 per cent in the fourth quarter of...

ByteDance seeking new CEO for its TikTok business: Sources

SAN FRANCISCO (BLOOMBERG) - Chinese Internet giant ByteDance Inc is seeking a new chief executive officer (CEO) for its TikTok business, a hugely popular...

Core inflation rises to 0.7% in December, eases to 1% for whole of 2019

SINGAPORE - Core inflation last year came in at 1 per cent, much lower than the 1.7 per cent recorded in 2018, and at the...

Wall Street treads water as China virus fears ease

NEW YORK (AFP) - Wall Street had a mostly flat day on Wednesday (Jan 22), with markets little moved either by strong earnings or...

Wirecard to beef up management amid fraud allegations; CEO to stay

BERLIN (REUTERS) - The new chairman of Wirecard said the German payments company needed to strengthen its top management as it fights allegations of...

Asian stocks revisit declines amid Wuhan virus concern

SYDNEY (BLOOMBERG) - Asian stocks resumed declines and US equity futures edged lower on Thursday (Jan 23) amid ongoing efforts to control the widening...

Allied Tech CEO, CFO to assist in CAD probe

SINGAPORE (THE BUSINESS TIMES) - Allied Technologies' chief executive officer Clement Leow Wee Kia and chief financial officer Ong Lizhen will be "providing assistance"...

Singapore stock watch: CCT, CMT, Frasers Property, ESR-Reit, Cache Logistics

SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Thursday (Jan 23): CapitaLand Commercial Trust...

Singapore private home prices up 0.5% in Q4, 2.7% for 2019 as take-up drops...

SINGAPORE - Even as private home prices in Singapore rose 2.7 per cent for the whole of 2019, beating flash estimates of a 2.5...

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