New head of WTO must thrive under global pressure and conflict

GENEVA/BRUSSELS (REUTERS) - Against the backdrop of a global pandemic, steep recession, intensifying US-China tensions and rising protectionism, the World Trade Organisation (WTO) needs...

Magnus Energy Q4 loss widens to $16.1m

SINGAPORE - Catalist-listed Magnus Energy on Friday (Aug 30) posted a fourth quarter net loss of $16.2 million, widening from a loss of $13.5...

SGX in 10th spot globally by IPO proceeds for Q2: EY

SINGAPORE - The Singapore Exchange (SGX) took 10th place among global exchanges by initial public offering (IPO) proceeds for the second quarter of this...

British pound sinks to two-year low, extending tumble against Singdollar amid fears of no-deal...

SINGAPORE - The British sterling took a pounding on Tuesday (July 30) as it sank to a two-year low, extending its tumble against the...

Draghi ties Lagarde’s hands with promise of indefinite stimulus

FRANKFURT (REUTERS) - European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday (Sept 12) to revive an ailing euro zone economy, tying...

Samsung seeks alternatives to Japanese suppliers in trade row

SEOUL (AFP) - South Korean tech giant Samsung Electronics, the world's biggest smartphone and memory chip maker, is seeking alternatives to Japanese suppliers for...

SGX Q3 profit hits 13-year high as trading volume surges

SINGAPORE (REUTERS) - Singapore Exchange reported a 38 per cent jump in quarterly net profit to a 13-year high, as equities and derivatives trading...

A tough stock market today, this month and this year for South Korea

HONG KONG (BLOOMBERG) - Most Asian stocks have had some kind of revival after the US and China reached a trade truce at the...

VibroPower proposes $1.8m rights cum warrants issue for business expansion

SINGAPORE - Watch-listed VibroPower Corporation is looking to issue up to $1.8 million of shares with warrants on a renounceable, non-underwritten basis, mainly to...

Frasers Property secures novel A$500m green loan for two Singapore properties

SINGAPORE - Frasers Property Limited has secured a A$750 million (S$715.2 million) term loan, comprising a A$500 million green loan tranche and a A$250...

Asia shares rise as investors look past US-China tension; STI up 1% ahead of...

SYDNEY (REUTERS) - Asian shares crept ahead on Tuesday (May 26) following an upbeat session in Europe and further gains in US stock futures...

Prosecutors summon Samsung heir over merger, accounting probes

SEOUL (BLOOMBERG) - South Korean prosecutors have summoned Samsung Electronics vice chairman Jay Y. Lee for questioning in an ongoing investigation into alleged accounting...

South-east Asia GDP growth to slow to 4.5% this year: Oxford Economics

SINGAPORE - Economic growth in South-east Asia is forecast to ease to 4.5 per cent this year from 5.1 per cent in 2018, before...

Japan’s government pension fund posts $114b profit in Q4 as stock market recovers

TOKYO (REUTERS) - Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, on Friday (July 5) reported a profit of 9.1 trillion...

Epicentre calls for trading suspension pending announcement

SINGAPORE - Epicentre Holdings has called for a trading suspension with immediate effect, "pending an announcement", it said on Thursday morning (May 30) before...

Asia stocks gain on trade deal, China economic data

HONG KONG (AFP) - Asian equities mostly rose Friday (Jan 17) as investors, still buoyed by the US-China trade deal, turned their focus on...

China said to restrict stock sales by brokerage proprietary traders

SHANGHAI (BLOOMBERG) - China's securities regulator has tapped some brokerages and funds to support the stock market, which saw an onslaught of selling on...

Lower distributions for S-Reit holders in near term from Covid-19 relief measures: Reitas

SINGAPORE - The Reit Association of Singapore (Reitas) on Friday morning (April 17) cautioned that distributions to unitholders may be lower in the immediate...

Outrage in Germany as Adidas, H&M stop rent payments over coronavirus closures

FRANKFURT (AFP) - Global retailers including Adidas and H&M sparked outrage in Germany on Sunday (March 29) after announcing they planned to stop paying...

Wuhan virus: US Fed holds rate steady but eyes outbreak

WASHINGTON (AFP) - The US Federal Reserve held its policy interest rate steady on Wednesday (Jan 29), but again said it is monitoring "global...

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