RSSCategory: News

Japanese funding drives Vietnam economic growth

Japanese funding drives Vietnam economic growth

The Vietnam government has been trying to build stronger economic ties through active dialogues with some of the world’s largest economic regions such as the US, EU, Eurasia, with the most promising partner being Japan.   When Japan’s Prime Minister Shinzo Abe met with Prime Minister Dung late last year at the Japan-Vietnam Summit Meeting, […]

January 26, 2016 | By | Reply More
Singapore firms can look to US in internationalisation push: SMF

Singapore firms can look to US in internationalisation push: SMF

SINGAPORE: Businesses in Singapore have been urged to look abroad and internationalise their operations amid declining manufacturing output in the country, and an increasingly challenging global environment. The Singapore Manufacturing Federation (SMF) has urged local companies to look to the United States. The federation hosted a dialogue session with US ambassador to Singapore, Kirk Wagar, […]

January 26, 2016 | By | Reply More
Indexes up on strong earnings, rising oil prices

Indexes up on strong earnings, rising oil prices

REUTERS: Wall Street edged higher on Tuesday morning, driven by strong earnings reports and recovering oil prices, ahead of the Federal Reserve’s policy meeting and Apple’s results. Crude prices steadied above US$30 a barrel on hopes that OPEC and non-OPEC producers would come together to tackle a massive supply glut. Investors are still reeling from […]

January 26, 2016 | By | Reply More
Ford expands recall for vehicles with Takata airbags

Ford expands recall for vehicles with Takata airbags

REUTERS: Ford Motor Co said on Tuesday it is expanding a recall of vehicles with Takata Corp air bag inflators after an inflator exploded in a Ford Ranger last month and the driver was killed. U.S. safety regulators said last Friday an estimated 5 million vehicles would be recalled in the United States for potentially […]

January 26, 2016 | By | Reply More
Robotics providers ride advanced manufacturing wave

Robotics providers ride advanced manufacturing wave

SINGAPORE: Advanced manufacturing is the new focus for the industry and robotics providers are stepping up to answer the call, a trend apparent at an exhibition held at Suntec Convention Centre on Friday (Jan 26). One such company is Taiwan-based precision engineering firm Hiwin, who is participating at the exhibition, RoboUniverse Singapore. The firm’s products […]

January 26, 2016 | By | Reply More
JPMorgan to pay Ambac US$995 million to settle RMBS-related claims

JPMorgan to pay Ambac US$995 million to settle RMBS-related claims

REUTERS: Bond insurer Ambac Financial Group Inc said JPMorgan Chase & Co will pay US$995 million to settle disputes related to residential mortgage-backed securities. The settlement will have a positive impact on Ambac’s fourth-quarter operating results and its claims paying resources, Chief Executive Nader Tavakoli said in a statement. The settlement comes two weeks after […]

January 26, 2016 | By | Reply More
Sprint's losses shrink on cost cuts, subscriber gains

Sprint's losses shrink on cost cuts, subscriber gains

REUTERS: Sprint Corp, the No. 4 U.S. wireless carrier, reported a smaller-than-expected quarterly loss, helped by cost-cutting measures and higher subscriber additions. Shares of the company, which is majority owned by Japan’s SoftBank Group Corp, rose 18.7 percent to US$2.99 in premarket trading on Tuesday. Sprint also said it expects to return to a profit […]

January 26, 2016 | By | Reply More
Russian stock exchange drops on oil price slide

Russian stock exchange drops on oil price slide

January 26, 2016 Russia’s stock exchange dropped on Tuesday on the back of the latest slide in oil prices, as the Russian ruble continued its rollercoaster course. The dollar-denominated RTS index had fallen by 1.12 percent by 1130 GMT, recovering from a 3.55-percent slide earlier in the day. Russia’s battered ruble fell to around 82 […]

January 26, 2016 | By | Reply More
EU Commission handling of bailouts was weak, inconsistent – auditors

EU Commission handling of bailouts was weak, inconsistent – auditors

BRUSSELS: The European Commission’s handling of bailouts for countries hit by the financial crisis was “generally weak” and inconsistent, the European Union’s Court of Auditors (ECA) said on Tuesday. The ECA, an EU institution in charge of auditing EU’s finances, analysed the bailouts for Ireland, Portugal, Hungary, Latvia and Romania, all of which are already […]

January 26, 2016 | By | Reply More
Siemens raises outlook as self help starts to pay off

Siemens raises outlook as self help starts to pay off

MUNICH: Shares in Siemens rose 7 percent on Tuesday after Europe’s biggest industrial group surprised the markets with the strength of its first-quarter results and raised its full-year earnings forecast. Despite slowing growth in China and weak oil prices that have depressed capital spending, Munich-based Siemens reported a 10 percent jump in industrial profit and […]

January 26, 2016 | By | Reply More