US stocks fall as Trump trade moves sow unease

NEW YORK (AFP) - Wall Street stocks fell on Tuesday (Dec 3) as the latest aggressive maneuvers by US President Donald Trump on trade...

US stocks tumble on harsh Trump trade moves

NEW YORK (AFP) - Wall Street stocks sank in early trading on Tuesday (Dec 3) after President Donald Trump warned a trade deal with...

Money FM Podcast: The Soul of Business: Solving World Thirst with WateROAM

Workday Afternoon: Solving World Thirst with WateROAM 12:12 mins Synopsis: Lim Chong Tee, co-founder of WateROAM speaks to us on the company’s ongoing journey to realising their vision...

Manufacturing downturn may be bottoming out as Singapore factory activity improves in November

SINGAPORE - Manufacturing sentiment remains in the doldrums but a key gauge out on Tuesday (Dec 3) suggests that the seven-month slump at the...

Government keeps steady supply of private housing for first half of 2020 land sales...

SINGAPORE - The Government has kept largely unchanged the amount of private residential housing under the government land sales (GLS) programme for the first half of 2020,...

BHG Retail Reit to buy Beijing outlet mall for $455m

SINGAPORE (THE BUSINESS TIMES) - The manager of BHG Retail Real Estate Investment Trust (Reit) has proposed to acquire Badaling Outlets, an outlet mall...

Singapore stock watch: Olam, UOB, BHG Retail Reit, BreadTalk, Nordic, Prime US Reit, MindChamps

SINGAPORE - The following companies saw new developments that may affect trading of their shares on Tuesday: Olam International: Olam's unit is selling 89,085 megalitres...

Salaries seen rising 3.7% next year with employers turning to other incentives to retain...

SINGAPORE - Salaries in Singapore will go up again next year but with talent pools shrinking, companies are having to resort to other incentives to retain staff,...

Olam selling permanent water rights in Australia for $452.7m

SINGAPORE (THE BUSINESS TIMES) - A unit of Olam International is selling 89,085 megalitres (about 89 billion litres) of its permanent water rights in...

Singapore business confidence improves slightly for first quarter of next year

SINGAPORE - Local business sentiments are showing signs of a recovery after being weighed down for most of the year by an uncertain global...

Two China firms miss $717.5m bond payments as woes grow

BEIJING (BLOOMBERG) - Two Chinese companies failed to repay bonds worth a combined 3.7 billion yuan (S$717.5 million) on Monday (Dec 2), underscoring rising...

Banks hit by record negative interest rates are warned of next wave

COPENHAGEN (BLOOMBERG) - After living with negative interest rates longer than anyone else, bankers in Denmark need to prepare for the next big threat. Lars...

Italy’s biggest bank UniCredit to cut 8,000 jobs

MILAN (BLOOMBERG) - UniCredit chief executive officer Jean Pierre Mustier will reward investors with 2 billion euros (S$3 billion) of share buybacks in a...

Europe’s finance chiefs to call for regional agency to fight money laundering

BRUSSELS (BLOOMBERG) - Europe's finance chiefs are to confront a wave of money laundering scandals within the banking industry by recommending that a regional...

China factory activity expands in November after 6-month losing streak

BEIJING (AFP) - China's November factory activity rebounded for the first time in seven months, data showed on Saturday (Nov 30), despite the looming...

China will not resort to quantitative easing, says its central bank governor

BEIJING (BLOOMBERG) -China's central bank governor Yi Gang said in a signed article published on Sunday (Dec 1) that Beijing should maintain "normal" monetary...

Tallest upcycled festive tree lit up at Fort Canning Park as part of UBS’...

SINGAPORE - Visitors to Fort Canning Park will now be able to take in Singapore's tallest upcycled festive tree, made with flowers from 3,000...

Singapore bank lending up 0.7% in October from month ago

SINGAPORE - Bank lending in Singapore rose 0.7 per cent in October from September, reversing from a slight month-on-month contraction in September, preliminary data...

Hong Kong Airlines delays pay as unrest ‘severely’ hits business

HONG KONG (BLOOMBERG, REUTERS) - Hong Kong Airlines (HKA) is delaying salaries as protests have “severely affected” the city’s third-biggest carrier, whose finances were...

Two more months of reprieve from creditors for Hyflux to allow for work on...

SINGAPORE - The High Court on Friday (Nov 29) granted debt-ridden water treatment company Hyflux another two months of reprieve from its creditors to...

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