Pound falls on British parliament suspension to curb ability to avert no-deal Brexit

LONDON (REUTERS) - The pound fell to a six-day low on Wednesday (Aug 28), holding barely above US$1.22 as Britain's Queen Elizabeth gave the...

Australia says coronavirus impact may be worse than 2008 crisis; to unveil stimulus package

CANBERRA (BLOOMBERG) - Prime Minister Scott Morrison said the coronavirus outbreak could hit Australia's economy harder than the global financial crisis, as he prepared...

Morgan Stanley turns bearish on global stocks as challenges grow

SYDNEY (BLOOMBERG) - Morgan Stanley cut its global equities allocation to the lowest in five years, and downgraded its investment recommendation to underweight, saying...

Singapore stock watch: Keppel Reit, Mapletree Logistics Trust, First Reit, Singapore banks

SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Tuesday (July 21): Keppel Reit: Its...

Asia stocks mixed, US futures slide as coronavirus spread overshadows stimulus

TOKYO (REUTERS) - US stock futures and several Asian markets fell in choppy trade on Wednesday (March 18), as worries about the coronavirus pandemic eclipsed hopes...

More shophouses up for sale in Tanjong Pagar, East Coast and Geylang

SINGAPORE (THE BUSINESS TIMES) - With robust demand seen for shophouses last year, the start of 2020 saw the latest slew of such invetment...

Singtel-backed fintech Sygnum gets capital markets services licence

SINGAPORE - Singapore-focused digital asset start-up Sygnum has obtained a capital markets services licence from the Monetary Authority of Singapore. With the licence, the Singapore...

A $62b bet on Modi’s India is rapidly unwinding

MUMBAI (BLOOMBERG) - Global investors are starting to fall out of love with Narendra Modi. After pouring US$45 billion (S$62 billion) into India's stock market...

Second season of DBS’ Sparks drives home sustainability message

SINGAPORE - DBS Bank on Friday (June 28) debuted the second season of Sparks, a mini-series inspired by true stories of social enterprises and...

Stocks to watch: CDL, Dasin Retail Trust, AEM Holdings, Sakae

SINGAPORE - The following companies saw new developments that may affect trading of their shares on Friday (Sept 13): City Developments Limited (CDL): CDL's final...

Bitcoin surges 20% to date in January, rekindling memories of crypto bubble

NEW YORK (BLOOMBERG) - Bitcoin is off to its best start to a year since 2012, gaining about 20 per cent in two weeks...

DHL to raise prices by 4.9% next year amid rising e-commerce volumes

SINGAPORE - German logistics giant DHL Express will be raising its average shipment price by 4.9 per cent, with effect from Jan 1, 2020,...

Singapore shares track Wall Street gains to open higher on Tuesday; STI up 0.15%...

SINGAPORE - Singapore shares began trading in slightly positive territory on Tuesday (July 23) in the midst of the corporate earnings season, following advances...

F&B food service businesses suffer due to coronavirus, but supermarkets do well: DBS report

SINGAPORE - Food and beverage (F&B) businesses like restaurants will be hard hit by the coronavirus outbreak but supermarkets stand to gain as people...

Singapore stock watch: Keppel, Yangzijiang, CapitaLand, Bukit Sembawang

SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Friday (May 29): Keppel Corp: The...

What China can teach the Fed about containing the financial destruction from the coronavirus

(BLOOMBERG) - About 80,000 infected cases and 3,000 deaths later, the one lesson China has learned from the coronavirus outbreak is that it's very...

Oil plummets after Trump suspends travel from Europe to US over coronavirus pandemic

SINGAPORE (BLOOMBERG) - Oil plummeted after President Donald Trump said the US would suspend all travel from Europe for the next 30 days to...

Australia’s crime regulator may broaden Westpac child exploitation lawsuit

SYDNEY (REUTERS) - Australia's financial crime regulator may add additional breaches of anti-money laundering laws related to suspected child exploitation transactions to its lawsuit...

S&P 500, Nasdaq retreat from records as markets await Fed

NEW YORK (AFP) - The Dow gained, but the S&P 500 and Nasdaq pulled back from records Monday (July 29) ahead of a much-anticipated...

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