US stocks flat as data points to sluggish recovery

NEW YORK (AFP) - Wall Street stocks finished a positive week on a tepid note, ending little changed following mixed data on US retail...

Logistics firms, workers to benefit from enhanced plan to boost sector’s digital transformation

SINGAPORE - About 86,300 workers in the logistics sector are expected to benefit from a enhanced industry digital plan that will help small and...

Alibaba and Xiaomi join Hong Kong’s benchmark index

HONG KONG (BLOOMBERG) - Alibaba Group Holding will be included in Hong Kong's Hang Seng in one of the biggest revamps in the benchmark...

Food delivery overtakes ride-hailing as Grab’s biggest business in Covid-19 crisis

SINGAPORE (REUTERS) - In the early weeks of the coronavirus outbreak, Anthony Tan, the CEO of South-east Asia's biggest ride-hailing firm, recalls how he...

Fortnite maker sues Apple, Google after removal of game from app stores

SAN FRANCISCO (REUTERS) - Apple and Alphabet's Google on Thursday (Aug 13) removed popular video game "Fortnite" from their app stores for violating the...

China’s domestic spending sluggish as economy recovers from coronavirus

BEIJING (AFP) - China's retail sales dropped in July, official data showed on Friday (Aug 14), indicating that sluggish consumer spending could hold up...

Covid-19 delivers to Grab its first crisis lessons

SINGAPORE (REUTERS) - In the early weeks of the coronavirus outbreak, Anthony Tan, the CEO of South-east Asia's biggest ride-hailing firm, recalls how he...

Singapore court appoints supervisor for O.K. Lim’s Xihe Holdings: Source

SINGAPORE (REUTERS) - The Singapore High Court has appointed Grant Thornton Singapore as the supervisor of Xihe Holdings Pte Ltd and four of its...

Fortnite creator sues Apple after game is banned from App Store

NEW YORK (NYTIMES) - Apple's spat with app developers over its cut of their revenues exploded into a high-stakes clash on Thursday (Aug 13)...

ST Engineering first-half profit slips 4.4% with aerospace, electronics hit by Covid-19 pandemic

SINGAPORE (THE BUSINESS TIMES) - Singapore Technologies Engineering's (ST Engineering) net profit edged down by 4.4 per cent to $257.4 million for the first...

Isetan sinks into the red with $317,000 first-half loss on Covid-19 hit

SINGAPORE (THE BUSINESS TIMES) - Japanese department store operator Isetan Singapore has sunk into the red with a net loss of $317,000 for its...

Singapore stock watch: ST Engineering, OCBC, Golden Agri, UOL, SBS Transit, Rex

SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Friday (Aug 14): Singapore Technologies Engineering...

SoftBank commits US$1.1 billion to WeWork amid membership drop

NEW YORK (BLOOMBERG) - SoftBank Group is adding US$1.1 billion (S$1.5 billion) to its WeWork commitment as the co-working company weathers declining membership amid...

S&P 500 ends down slightly after flirting with record levels again

NEW YORK (REUTERS) - The S&P 500 ended slightly lower on Thursday (Aug 13) after briefly trading above its record closing high level for...

UOL posts first-half loss of $82 million due to Covid-19 impact

SINGAPORE (THE BUSINESS TIMES) - Property company UOL has sunk into the red with net losses of S$82.1 million for its first half ended...

New York’s Daily News is now a newspaper without a newsroom

NEW YORK (NYTIMES) - A tabloid once famous for its bustling, big-city newsroom no longer has a newsroom. In a move that was almost unthinkable...

China’s days as world’s factory are over due to trade war, iPhone maker Foxconn...

TAIPEI (BLOOMBERG) - A key supplier to Apple and a dozen other tech giants plans to split its supply chain between the Chinese market...

Scandal-hit Wirecard to exit DAX index with Delivery Hero standing by

FRANKFURT (BLOOMBERG) - Deutsche Boerse will remove Wirecard from its benchmark DAX index ahead of a regular quarterly review following the collapse of the payments company...

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