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Singtel to build S$400 milion data centre in Jurong

Singtel to build S$400 milion data centre in Jurong

SINGAPORE: Singtel has invested S$400 million in a new data centre to be built in Jurong to meet growing demand for co-location and cloud services in Singapore. In a press release issued on Thursday (Oct 8), Singtel said the new Tier 3-Plus data centre will have “high-grade private and co-location data hosting capabilities” and host […]

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China launches international payment system

China launches international payment system

BEIJING: China has launched an international payment system, a step forward in internationalising its currency, the renminbi or yuan, state media reported on Thursday (Oct 8). The first phase of the China International Payment System (CIPS) launched in Shanghai would provide capital settlement and clearing services for cross-border yuan transactions for financial institutions domestically and […]

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CEFC is working to increase Australia’s low carbon investment

CEFC is working to increase Australia’s low carbon investment

Melbourne, Oct 8: Investment in cleaner technology is the key driver for Australia’s transition to a more competitive economy in a carbon constrained world, with the Clean Energy Finance Corporation (CEFC) helping accelerate that, chair Jillian Broadbent AO said.   Speaking at the Investor Group on Climate Change (IGCC) 2015 Climate Change Investment and Finance […]

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Further consolidation to depends on mergers, acquisitions benefit

Further consolidation to depends on mergers, acquisitions benefit

KUALA LUMPUR: Further consolidation in the banking industry, if any, will depend on how beneficial mergers and acquisitions will be for the concerned financial institutions themselves. Today, in the banking landscape there are 8 banking groups, which were whittled down from the 40 or so of various shapes and sizes at the start of the […]

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UAW reaches tentative deal with Fiat Chrysler on new contract

UAW reaches tentative deal with Fiat Chrysler on new contract

REUTERS: The United Auto Workers U.S. union has reached a tentative deal with Fiat Chrysler Automobiles NV on a new four-year contract, the Union said early Thursday. The tentative agreement must be ratified by vote of Fiat Chrysler’s 40,000 union workers in the United States. The UAW Chrysler Council will meet in Detroit at 11 […]

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Asia flags but China stocks surge in catch-up after long break

Asia flags but China stocks surge in catch-up after long break

TOKYO: Chinese stocks surged on Thursday after a week-long break as they tried catching up to a global rally, while most regional markets stepped back with Japanese equities hitting the skids on weak data. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.3 percent. The index was on track to snap a 6-day winning […]

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HDB resale price dips, transaction volume rises in September: SRX

HDB resale price dips, transaction volume rises in September: SRX

SINGAPORE: Prices for Housing and Development Board (HDB) resale flats fell slightly by 0.4 per cent in September when compared to August, while transaction volume rose by 3.9 per cent, according to the latest data released by SRX Property. SRX Price Index (SPI) for HDB Resale (Chart: SRX Property) In a report released on Thursday […]

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Sony proceeds with plan to sell music publishing unit: WSJ

Sony proceeds with plan to sell music publishing unit: WSJ

REUTERS: Sony Corp is proceeding with a plan to sell its half of Sony/ATV Music Publishing, the world’s largest music publisher, the Wall Street Journal reported. Sony, which owns the unit with Michael Jackson’s estate, recently triggered a clause in its contract that allows one partner to buy out the other, the Wall Street Journal […]

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Ringgit extends gains on sustained demand

Ringgit extends gains on sustained demand

KUALA LUMPUR: The ringgit extended gains from yesterday to open higher against the US dollar on sustained demand and amid the weakening of the latter, a dealer said. At 9am, the ringgit was traded at 4.2020/2100 against the US dollar from 4.2150/2250 at 5pm Wednesday. The uptrend was also supported by improved crude oil prices […]

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KL shares higher in early session

KL shares higher in early session

KUALA LUMPUR: Shares on Bursa Malaysia traded higher in the early session today with stronger investor optimism over the local economy following positive exports data and a stronger ringgit. At 9.34 am, the key index was up 7.39 points to 1,696.64, after opening 6.58 points easier at 1,682.67. Market breadth was positive as gainers outpaced […]

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