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Published: Wed, 22 November 2017 01:35:56 +0800


FCC to reconsider US television station ownership cap: source

Wed, 22 November 2017 01:20:22 +0800

The head of the Federal Communications Commission will ask the U.S. agency to cast an initial vote in December to reconsider rules preventing a company from owning stations serving more than 39 percent of households with a television, a person briefed on the matter said on Tuesday.

European stocks push higher; EasyJet shares take off

Wed, 22 November 2017 01:20:39 +0800

LONDON: Global equities pushed higher on Tuesday (Nov 21) despite continued political uncertainty in Germany, while EasyJet's share price was propelled higher on a positive outlook. While the euro remained under pressure as German Chancellor Angela Merkel struggled to form a coalition government ...

Ireland promises progress in Apple tax recovery in coming weeks

Wed, 22 November 2017 01:20:24 +0800

Ireland wants to begin the recovery of up to 13 billion euros in disputed taxes from Apple Inc and does not want to have to take U.S. tech giant to court over any further delay, Prime Minister Leo Varadkar said on Tuesday.

US existing home sales inch higher in October

Wed, 22 November 2017 00:37:23 +0800

WASHINGTON: Sales of existing US homes inched higher for the second straight month in October despite increasingly tight supplies and rising prices, the National Association of Realtors reported on Tuesday (Nov 21). The pace of sales hit its highest level in four months but nevertheless remained ...

Exclusive: US agency to vote to repeal 'net neutrality' rules - FCC chief

Wed, 22 November 2017 00:25:24 +0800

The chairman of the Federal Communications Commission on Tuesday unveiled plans to repeal a landmark 2015 order that barred internet service providers from blocking or slowing down consumer access to web content, and said the regulator will prevent states and cities from adopting similar ...

Airbus A350-1000 jetliner granted safety certification by US, EU watchdogs

Tue, 21 November 2017 23:15:12 +0800

PARIS: Airbus said on Tuesday the largest member of its A350 long-range jetliner family, the A350-1000, had received safety certification from European and U.S. regulators. The decision paves the way for the 369-seat jetliner to be delivered to its first customer, Qatar Airways, before the end of ...

Exclusive: Selling Saudi Arabia's grain mills proves a grind for investors

Tue, 21 November 2017 23:50:24 +0800

An unwieldy sale process and onerous ownership rules are discouraging some potential investors from bidding for Saudi Arabia's state-owned grain mills, sources close to the firms say, in a potential snag for the kingdom's economic reforms.

Tech stocks lift Wall Street to record high

Wed, 22 November 2017 00:50:10 +0800

Wall Street indexes opened higher on Tuesday, with the Nasdaq hitting a record high, led by gains in technology stocks.

Apple removes several apps, including Skype, in China

Tue, 21 November 2017 22:30:30 +0800

Apple Inc said on Tuesday it has removed several apps including Skype, Microsoft Corp's internet phone call and messaging service, from its app store in China after the country's government pointed to violations of local laws.

Credit Suisse says no contact with any Saudi sovereign wealth funds

Tue, 21 November 2017 22:10:14 +0800

Credit Suisse Group has not been approached by any Saudi sovereign wealth funds about becoming investors, the Swiss bank said on Tuesday in response to a Financial Times column suggesting just such a possibility.

Facebook to meet Russian regulators to discuss compliance: TASS

Tue, 21 November 2017 21:55:13 +0800

Facebook plan to meet Russian regulators in late December or early January to discuss compliance, TASS news agency cited the head of Russian communications watchdog Roskomnadzor as saying on Tuesday.

German automakers set for record output expect further growth in 2018: VDA

Tue, 21 November 2017 21:40:19 +0800

German automakers, on course for record production this year, expect further output growth in 2018 powered by strong demand in Asia, the VDA carmakers' lobby said.

Law likely on AT&T's side in Time Warner battle: analysts

Tue, 21 November 2017 21:15:34 +0800

AT&T Inc is likely to emerge victorious from a legal fight with the United States Department of Justice over its US$85.4 billion acquisition of Time Warner Inc , analysts said in a series of research notes on Tuesday.

Auchan/Alibaba deal turns up the heat on Carrefour in China

Tue, 21 November 2017 21:05:23 +0800

A partnership between French retailer Auchan and internet giant Alibaba risks pushing Carrefour further behind in China and could persuade its new boss to sell out of the country.

Jumbo sale: Two 747 jets auctioned on Chinese online platform Taobao

Tue, 21 November 2017 21:12:27 +0800

The sky seems to be the limit for Chinese online shopping portal Taobao, which auctioned off two Boeing 747 jumbo jets on Tuesday for nearly US$50 million.

Mazda's China JV to recall 206,570 Mazda 6 cars

Tue, 21 November 2017 20:45:10 +0800

Mazda Motor Corp's joint venture with FAW Group Corp has begun recalling 206,570 Mazda 6 cars because of a potential issue with the vehicle's brake-assist system in cold weather, a Mazda spokesman said on Tuesday

Exclusive: Westinghouse discussing group bid for Saudi nuclear tender - sources

Tue, 21 November 2017 20:40:20 +0800

Toshiba-owned Westinghouse is in talks with other U.S-based companies to form a consortium to bid in a multi-billion-dollar tender for two nuclear power reactors in Saudi Arabia, three industry sources said.

Hong Kong tribunal fines HSBC private bank US$51 million for Lehman-linked products

Tue, 21 November 2017 20:35:14 +0800

A Hong Kong tribunal on Tuesday imposed a fine of HKUS$400 million (US$51 million) on the private banking unit of HSBC in a case related to the sale of Lehman Brothers-linked structured financial products between 2003 and 2008.

CBS channels blacked out for Dish customers over carriage dispute

Tue, 21 November 2017 20:05:08 +0800

CBS Corp's TV stations were blacked out for Dish Network Corp's customers over a network carriage deal dispute, the companies said early Tuesday.

Singapore set for tax hike: What could it be and when?

Tue, 21 November 2017 19:45:58 +0800

Apart from a possible GST hike in the coming years, taxing digital goods and services, as well as a further rise in “sin” tax could also be ways to finance the Government’s spending plans, experts said.

Indonesia court rules against Goldman in Hanson share ownership dispute

Tue, 21 November 2017 19:30:09 +0800

JAKARTA: An Indonesian court ruled on Tuesday that Goldman Sachs should return shares in property developer PT Hanson International Tbk to tycoon Benny Tjokrosaputro in a legal tussle over ownership. Judge Achmad Guntur also ordered Goldman to pay 320.88 billion rupiah (US$23.71 million) in ...

Sharapova named in India luxury housing fraud probe

Tue, 21 November 2017 18:46:08 +0800

NEW DELHI: Five-time Grand Slam champion Maria Sharapova is under investigation in India for cheating and criminal conspiracy after the collapse of a luxury housing project that she endorsed, police and a lawyer said on Tuesday (Nov 21). The firm behind the development is alleged to have taken ...

Asian markets rally after Wall St lead, euro struggles

Tue, 21 November 2017 17:40:39 +0800

Asian markets mostly rose on Tuesday (Nov 21) as traders took heart from a healthy run on Wall Street, though German political uncertainty kept pressure on the euro.

Dr Tony Tan appointed director and special advisor of GIC

Tue, 21 November 2017 17:41:51 +0800

SINGAPORE: Global investment firm GIC announced on Tuesday (Nov 21) that former President Tony Tan Keng Yam has been appointed director and special advisor of GIC, with effect from Jan 1, 2018. Mr Lim Chow Kiat, chief executive officer of GIC, said: “As special advisor, Dr Tan will provide much ...

China's Tencent becomes more valuable than Facebook

Tue, 21 November 2017 20:50:36 +0800

BEIJING: Chinese social media and video game giant Tencent became more valuable than Facebook on Tuesday (Nov 21) as investors sent the company soaring into the top five of the world's biggest firms. Tencent's Hong Kong-listed shares have doubled in value this year, and on Monday it became the ...

Enel shifts focus to mature markets in new plan

Tue, 21 November 2017 14:50:11 +0800

Italy's biggest utility Enel said in its new plan it was shifting its focus to more mature markets like Italy, Spain and the U.S., stepping up a pledge to make its networks more digital.

NAFTA nations lock horns on US auto demands as fifth round ends

Tue, 21 November 2017 14:20:47 +0800

Negotiators from the United States, Mexico and Canada square off on Tuesday for the last time in a fifth round of talks to rework the North American Free Trade Agreement, with stalemate brewing on a contentious proposal to ramp up regional content for autos.

Broadcom eyes big changes for Qualcomm's patent practices

Tue, 21 November 2017 21:25:18 +0800

As part of its US$103 billion bid to buy Qualcomm Inc , Broadcom Ltd has hinted that it would make big changes to Qualcomm's patent licensing business, a major cash-cow for the company but a source of bitter conflict with regulators and key customers including Apple Inc .

Honda China JVs to recall 254,650 vehicles starting in January

Tue, 21 November 2017 13:50:10 +0800

Honda Motor Co's joint-venture companies in China will recall a total of 254,650 Honda-brand vehicles starting on Jan. 8, 2018, the Japanese automaker said on Tuesday.

Free wheelin' in New York: The Big Apple bike boom

Tue, 21 November 2017 12:15:01 +0800

NEW YORExpanding bike lanes, handing out free helmets and making lessons free: New York is making great strides in encouraging pedal power at the expense of exhaust fumes, even if some cyclists are still nervous about navigating bottleneck traffic. For years, the city of 8.5 million - which has ...

Australia welcomes cancellation of French war graves wind farm

Tue, 21 November 2017 11:04:22 +0800

Canberra Tuesday welcomed as "very touching" the scrapping of a planned French wind farm on the site of a World War I battlefield where thousands of Australian soldiers died.

SoftBank funding may spur Uber to re-think tough Southeast Asian market

Tue, 21 November 2017 09:47:06 +0800

SoftBank Group's multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say.

World stocks steady despite German worries, Turkish lira hits all-time low

Tue, 21 November 2017 21:30:13 +0800

European stocks opened lower on Tuesday and the euro hit an eight-day low against sterling as a governing crisis in Germany weighed on markets.

BHP, Vale get extension to settle US$48 billion Samarco claim

Tue, 21 November 2017 07:30:11 +0800

BHP Billiton Ltd and Vale SA have secured a 150-day extension from a Brazilian court to negotiate a settlement of a US$48 billion claim stemming from the Samarco mine disaster in 2015, BHP said on Tuesday.

21st Century Fox in US$90 million settlement tied to sexual harassment scandal

Tue, 21 November 2017 07:05:21 +0800

Twenty-First Century Fox Inc has reached a US$90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor Bill O'Reilly.

Uber hit with US$8.9 million fine in Colorado over unqualified drivers

Tue, 21 November 2017 06:30:14 +0800

Colorado regulators on Monday fined Uber US$8.9 million, saying the ride-services company allowed 57 people to drive for it although they lacked valid driver's licenses or had committed other offenses that would have disqualified them.

India-based automaker Mahindra wants to sell electric vehicles in US

Tue, 21 November 2017 07:56:31 +0800

DETROIT: Mahindra & Mahindra Ltd , one of India's oldest vehicle manufacturers, is testing autonomous tractors, trucks and cars, while moving closer to bringing electric vehicles to the United States, Chairman Anand Mahindra said on Monday. The company, which opened a new North American ...

US sues to block US$85b AT&T-Time Warner merger

Tue, 21 November 2017 07:40:16 +0800

WASHINGTON: The US government filed suit on Monday (Nov 20) to block AT&T's merger with Time Warner, setting up the biggest antitrust court clash in decades over the US$85 billion tie-up. The deal announced more than a year ago would merge vast content of Time Warner units like premium cable ...

US stocks begin holiday-shortened week on positive note

Tue, 21 November 2017 05:40:38 +0800

NEW YORK: Wall Street stocks finished higher on Monday (Nov 20) in a positive start to the holiday-shortened Thanksgiving week, historically a strong period for US equities. US stocks have been under pressure the last two weeks due to worries about the prospects for tax cuts in Washington and ...

US arrests two Chinese oil company reps in Africa bribery scheme

Tue, 21 November 2017 07:33:14 +0800

WASHINGTON: US authorities have arrested Hong Kong's former home affairs secretary and the ex-foreign minister of Senegal for leading a multimillion dollar bribery scheme in Africa on behalf of a top Chinese energy company, with some deals arranged in the halls of the United Nations. US officials ...

US sues to stop AT&T buying Time Warner, says would hike rates

Tue, 21 November 2017 08:20:11 +0800

The U.S. Department of Justice will file a lawsuit aimed at blocking AT&T Inc's US$85.4 billion acquisition of Time Warner Inc , a source familiar with the matter told Reuters on Monday.

Janet Yellen to depart US Fed in February

Tue, 21 November 2017 04:50:38 +0800

WASHINGTON: US central bank chief Janet Yellen announced on Monday (Nov 20) she will leave the Federal Reserve in February once her successor as chair is sworn in. The decision comes less than three weeks after President Donald Trump broke with tradition to replace Yellen rather than name her for ...

Amsterdam, Paris to host key EU agencies after Brexit

Tue, 21 November 2017 03:49:08 +0800

BRUSSELS: Amsterdam and Paris on Monday (Nov 20) won the fight to host two major EU agencies when they leave London after Brexit, in a suspenseful vote that eventually had to be decided by the drawing of lots. The European Medicines Agency will relocate to the Dutch city, while the French capital ...

US state gives key approval for Keystone pipeline

Tue, 21 November 2017 02:55:08 +0800

CHICAGO: Regulators in the US state of Nebraska on Monday (Nov 20) granted a key approval needed for construction of the Keystone XL pipeline, the source of a nearly decade-long feud between environmental activists and the energy industry. Officials in Nebraska granted TransCanada the final major ...

BlackRock plans new active sector ETFs curated by robots

Tue, 21 November 2017 02:45:11 +0800

BlackRock Inc is turning to the robots for its next big investment idea.

Russia bans pork, beef imports from Brazil

Tue, 21 November 2017 02:50:38 +0800

MOSCOW: Russia has decided to suspend imports of pork and beef from Brazil from Dec 1 after traces of banned feed additives were detected in the meat, the country's agricultural safety watchdog said on Monday (Nov 20). Russia's Rosselkhoznadzor agency said in a statement that ractopamine and other ...

European stocks shrug off Germany's political woes

Tue, 21 November 2017 02:20:39 +0800

LONDON: European stock markets ended the session higher on Monday (Nov 20), shrugging off a political crisis in Germany where talks to form a new government collapsed. At the close of trading, Frankfurt's DAX 30 index was up 0.5 per cent, bouncing back from a weaker start, France's CAC 40 also ...

Paris, Frankfurt, Dublin race to host banking body after Brexit, sources says

Tue, 21 November 2017 02:00:13 +0800

BRUSSELS: Paris, Frankfurt and Dublin went into a second-round vote on Monday as the European Union picks a host city for the European Banking Authority once Britain leaves the EU, three diplomatic sources said. Eight EU cities were in the running to get the EBA, meaning Brussels, Prague ...

CBS warns of blackout in dispute with Dish

Tue, 21 November 2017 00:40:16 +0800

CBS Corp said on Monday that satellite television provider Dish Network Corp could black out its programming, including holiday weekend sports events, if the companies fail to resolve a dispute over the fees Dish pays to carry its content.

Apple Pay in first deal with major French bank

Tue, 21 November 2017 00:34:55 +0800

PARIS: Apple has reached its first agreement with a major French bank on Apple Pay, as Societe Generale said on Monday (Nov 20) it would offer its clients the chance to use the smartphone payment system. In a brief statement, Societe Generale said it would in future offer Apple Pay to its clients ...

Exclusive: Saudi prince detention holds up loan to investment firm - sources

Tue, 21 November 2017 01:00:15 +0800

Kingdom Holding's plan to borrow money to fund new investments has stalled because owner Prince Alwaleed bin Talal has been detained in Saudi Arabia's anti-corruption crackdown, according to four banking sources familiar with the matter.

Wall St. ticks up, lifted by Verizon, chipmakers

Tue, 21 November 2017 05:25:11 +0800

NEW YORK: U.S. stocks rose on Monday, with Verizon boosting the telecoms sector after the stock got an upgrade, while a deal in semiconductors lifted high-performing tech shares. With no major earnings or economic data scheduled this week, trading volumes were thin and expected to get even quieter ...

EU ready for 'most ambitious' Brexit trade pact: Barnier

Mon, 20 November 2017 21:40:39 +0800

EU Brexit chief Michel Barnier said on Monday (Nov 20) the bloc would give Britain its "most ambitious" trade deal - but only if it meets the bloc's stringent Brexit conditions.

Common Singapore QR code to be rolled out next year

Mon, 20 November 2017 22:28:59 +0800

SINGAPORE: A common Singapore Quick Response Code (SG QR) will be rolled out and adopted by payment service providers in Singapore next year, the Monetary Authority of Singapore (MAS) said on Monday (Nov 20). Payment services providers in Singapore have also committed to update their mobile ...

Marvell Technology to buy rival chipmaker Cavium for US$6 billion

Tue, 21 November 2017 00:35:15 +0800

Chipmaker Marvell Technology Group Ltd said on Monday it would buy smaller rival Cavium Inc in a deal valued at about US$6 billion as it seeks to expand its networking equipment business.

Goldman to have two EU hubs post-Brexit: Frankfurt and Paris: report

Mon, 20 November 2017 20:15:12 +0800

Goldman Sachs Chief Executive Lloyd Blankfein said the bank would have hubs in Frankfurt and Paris after Brexit and that it would be up to the staff to decide where they want to move to from London, he told French newspaper Le Figaro.

VW raises 2020 sales outlook on emerging-market growth, SUVs

Mon, 20 November 2017 20:25:11 +0800

Volkswagen has increased its group sales guidance for 2020 on growing demand for its new sport-utility vehicles in emerging markets such as Brazil and Russia.

Nebraska regulators approve Keystone XL pipeline route: panel vote

Tue, 21 November 2017 00:15:11 +0800

Nebraska regulators will announce their decision on Monday on whether to approve TransCanada Corp’s Keystone XL pipeline route through the state, the last big hurdle for the long-delayed project.

Singapore’s final Q3 GDP in for upward revision: Economists

Mon, 20 November 2017 18:09:32 +0800

Economists expect Singapore's economy to have grown between 4.7 to 5.1 per cent in the third quarter, faster than the preliminary estimate of 4.6 per cent and marking the country’s strongest growth in more than three years.

Euro sinks in Asia as Germany is gripped by uncertainty

Mon, 20 November 2017 17:10:40 +0800

The euro faced fresh pressure in Asian trade on Monday after German Chancellor Angela Merkel failed to form a government at the weekend, fuelling uncertainty in Europe's biggest economy.

Luxury Hong Kong apartment sells for more than US$71m: Report

Mon, 20 November 2017 16:00:39 +0800

HONG KONG: A luxury home on The Peak in Hong Kong has been sold for an eye-watering HK$560 million (US$71.7 million), setting another price record in the city. An unidentified buyer picked up the 4,242 sq ft apartment at the Mount Nicholson development for around HK$132,000 per sq ft, reported the ...

Duterte offers telecoms role to China in bid to break duopoly

Mon, 20 November 2017 14:50:39 +0800

MANILA: Philippine President Rodrigo Duterte has offered China the "privilege" to be his country's third telecoms operator, his spokesman said on Monday (Nov 20), turning to a historic rival to break a long-standing duopoly that has frustrated consumers for years. The Philippines' data and voice ...

Asia stocks falter as weakness in China markets dim mood

Mon, 20 November 2017 14:10:16 +0800

Asian shares eased on Monday, with investor sentiment hurt by a retreat on Wall Street and sliding Chinese stocks, while the euro skidded after German coalition talks hit an impasse.

Canada, Mexico to rebuff US over NAFTA goals as talks bog down

Tue, 21 November 2017 08:50:09 +0800

Canada and Mexico will not make counterproposals to U.S. demands for tougher NAFTA automotive content rules but instead will offer rebuttals and pepper American negotiators with technical questions on Monday, people familiar with the talks said.

EU to vote on relocation of agencies after Brexit

Mon, 20 November 2017 13:29:20 +0800

BRUSSELS: The fight for some of the most prized spoils of Brexit comes to a climax on Monday (Nov 20) when 27 EU states pick the new host cities for two London-based regulatory agencies. In a process only half-jokingly compared to the Eurovision Song Contest, ministers will vote on where to ...

'Robo-taxis' hold promise, and perils, for automakers

Mon, 20 November 2017 12:41:59 +0800

PARIS: It's Nov 22, 2028 and Sarah, a young mother, gives her two children a kiss goodbye before buckling them into the driverless car that will bring them to school. Sarah does not have a car and has no plans to buy one. Living in a suburb, she has run the numbers and the result is clear: It's ...

Commentary: US tax cuts a hot potato average Americans are stuck with

Mon, 20 November 2017 14:24:17 +0800

The US tax plan includes US$1.5 trillion in cuts for corporations, but someone has to foot the bill for these cuts, says one observer from Colorado State University.

Former Obama administration official in bid for The Weinstein Co

Mon, 20 November 2017 11:10:20 +0800

Maria Contreras-Sweet, the former head of the U.S. Small Business Administration (SBA), has submitted an offer to acquire the Weinstein Co, a spokeswoman for the U.S. film and TV studio said on Sunday.

Alibaba goes offline with US$2.9 billion stake in China's top grocer

Mon, 20 November 2017 15:09:59 +0800

Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion (US$2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail.

GIC acquires majority stake in new innovation precinct in Melbourne

Mon, 20 November 2017 11:33:59 +0800

SINGAPORE: GIC, Singapore’s sovereign wealth fund, has taken a majority stake in a new innovation precinct in Melbourne, Australia. This is a joint project between the University of Melbourne, Lendlease, GIC and Urbanest, a GIC news release said on Monday (Nov 20). Developed by Lendlease, the ...

Justice League takes top spot, but still falls short at box office

Mon, 20 November 2017 09:21:05 +0800

WASHINGTON: It might have scored top of the box office, but Justice League didn't have the super opening weekend predicted, falling short of expectations with takings of US$96 million, according to industry estimates released Sunday (Nov 19). With an all-star cast including Gal Gadot as Wonder ...

With little movement, NAFTA talks said to run risk of stalemate

Mon, 20 November 2017 07:20:19 +0800

Talks to update the North American Free Trade Agreement appeared to be in danger of grinding to a stalemate amid complaints of U.S. negotiators' inflexibility, people familiar with the process said on Sunday.

Avolon firms up deal for 75 Boeing jets, may order 20 more

Mon, 20 November 2017 04:00:10 +0800

Chinese-owned aircraft leasing company Avolon has firmed up an order for 75 Boeing airplanes and may order 20 more, its parent Bohai Capital said on Sunday.

UK budget aims for driverless cars by 2021

Mon, 20 November 2017 00:40:39 +0800

LONDON: British finance minister Philip Hammond is to announce £75 million (US$99 million) funding for Artificial Intelligence and plans to put driverless cars on UK roads by 2021, in his budget speech on Wednesday. Hammond will announce regulation changes to allow Britain's driverless car ...

Embattled Toshiba to boost capital by US$5.3b share issuance

Mon, 20 November 2017 00:25:16 +0800

TOKYO: Embattled Japanese conglomerate Toshiba said on Sunday it plans to raise US$5.3 billion by issuing new shares - a move aimed at avoiding a humiliating delisting from the Tokyo bouse. A board meeting on Sunday decided on the move, it said. Toshiba will issue 2.28 billion new shares to raise ...

Battered GE shares lure some buyers but worst may not be over

Sun, 19 November 2017 19:15:11 +0800

General Electric Co shares stabilized after a brutal slide last week sent the stock near six-year lows, but the worst may not be over.

Europe turns on Facebook, Google for digital tax revamp

Sun, 19 November 2017 13:38:07 +0800

They have revolutionised the way we live, but are US tech giants the new robber barons of the 21st century, banking billions in profit while short-changing the public by paying only a pittance in tax?

Driverless, electric future just round the corner for urban cars

Sun, 19 November 2017 13:35:22 +0800

A driverless, electric car is only a swipe away in the cities of the future, where pollution clampdowns and rapid advances in technology will transform the way we travel, despite lagging infrastructure.

Singapore's economic growth could exceed 3% this year, says PM Lee

Sun, 19 November 2017 23:50:32 +0800

Speaking to activists at the annual PAP convention, Mr Lee said that Singapore will have to press on with plans to restructure the economy.

Victoria's Secret to charm China with fashion gala

Sun, 19 November 2017 13:03:54 +0800

The star-studded, super-hyped Victoria's Secret lingerie show hits the catwalk in Shanghai on Monday, the first time the US brand is holding its self-described "sexiest show on earth" outside the United States or Europe.

Trump rollback of banking regulation well underway

Sun, 19 November 2017 12:57:41 +0800

President Donald Trump's promised rollback of banking regulation is well underway, with vacancies at the top of key agencies and new legislation in the works.

How corporate greed nearly destroyed Marvel's superhero empire

Sun, 19 November 2017 12:04:47 +0800

An obsession with profit and shareholders led the comics icon to bankruptcy and scandal in the 1990s. Inside the Storm looks at how Marvel came back from the brink.

How McDonald's flipped its fortunes and delivered a comeback

Sun, 19 November 2017 07:00:39 +0800

Despite the rise of fast casual restaurants, McDonald's has turned its business around by going back to basics and focusing on price, says the Financial Times' Anna Nicolaou.

From hawker centre to home: Is delivering cheap, local food a recipe for business success?

Sun, 19 November 2017 07:10:40 +0800

A new crop of start-ups is cashing in on the growing appetite for food delivery in Singapore by focusing on local delights.

'No fireworks' at NAFTA talks, but few signs of progress: Source

Sun, 19 November 2017 03:48:07 +0800

Negotiators at high stakes talks to update NAFTA have so far kept their tempers but are not making much progress on tough U.S. demands that could sink the 1994 trade pact, a well-placed source said on Saturday.

Qualcomm set to win conditional Japanese antitrust okay for NXP deal: Source

Sun, 19 November 2017 02:41:36 +0800

BRUSSELS: U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its US$38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said. Winning the green ...

China taps state firms to buttress pensions as society ages

Sun, 19 November 2017 02:04:51 +0800

China on Saturday announced a pilot programme to help pension schemes meet growing pressure from an ageing society by transferring shares of state-owned firms to social security funds.

Honda recalling 900,000 Odyssey vehicles because seats may tip forward

Mon, 20 November 2017 15:27:06 +0800

Honda Motor Co said on Saturday that it was recalling about 900,000 minivans because second-row seats may tip forward if not properly latched after being adjusted.

Volkswagen to invest US$27 billion in core brand until 2022

Sat, 18 November 2017 20:15:13 +0800

Volkswagen will invest 22.8 billion euros (US$26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker of electric cars.

Verizon close to announcing digital streaming deal with NFL: Bloomberg

Sat, 18 November 2017 09:20:11 +0800

Verizon Communications Inc, no. 1 U.S. wireless carrier, is close to a new deal with the National Football League for digital streaming rights, Bloomberg reported, citing people familiar with the matter.

Despite Amazon, brick stores are not dead yet

Sat, 18 November 2017 06:25:15 +0800

Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.

US stocks retreat as tax debate enters 'hard part'

Sat, 18 November 2017 06:10:39 +0800

Wall Street stocks pulled back on Friday amid scepticism over the prospects for a US tax cut, as Apple dipped after delaying the release of its anticipated HomePod speaker program.

Buyers circle suddenly attractive US media companies

Sat, 18 November 2017 05:05:11 +0800

All of a sudden, it seems, everybody wants to own a U.S. media company.

US rejects Ford petition to delay recall of three million vehicles

Sat, 18 November 2017 04:05:13 +0800

The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recall of about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.

Canada's Bombardier hiring 1,000 to build more business jets

Sat, 18 November 2017 01:54:30 +0800

Canadian manufacturer Bombardier announced Friday the addition of 1,000 jobs in Montreal to build business jets, to meet rising demand for its new Global 7000 series.

Reuters poll: Major US tax cuts not likely this year - economists

Sat, 18 November 2017 01:25:15 +0800

U.S. Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll, who in any case were skeptical that the legislation would provide a significant boost to the economy.

Post-hurricane rebuilding fuels jump in October US home construction

Sat, 18 November 2017 01:17:46 +0800

Construction of new homes in the United States sprang to life in October as hurricane-damaged housing markets recovered from back-to-back late summer storms, according to data released Wednesday.

Apple pushes launch of HomePod smart speaker to early 2018

Sat, 18 November 2017 00:50:19 +0800

Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday.

Exclusive: Toshiba set to OK US$5 billion injection Monday to stay listed-sources

Fri, 17 November 2017 23:55:15 +0800

Toshiba Corp will decide on Monday to raise some US$5 billion from overseas investors, allowing the troubled conglomerate remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.

GE shares rise after CEO Flannery buys stock

Fri, 17 November 2017 22:50:16 +0800

Shares of General Electric Co opened higher on Friday after Chief Executive John Flannery disclosed that he bought 60,000 shares of the industrial conglomerate's stock.