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Bookings for next big condo project Principal Garden to open next week

Bookings for next big condo project Principal Garden to open next week

SINGAPORE: The languid private home market will see its first major launch since July when property giant UOL showcases its 663-unit Principal Garden condominium (condo) project at Prince Charles Crescent next week. Market watchers have said that the response will help developers gauge buyer interest and decide when to release projects in the pipeline. The last […]

October 9, 2015 | By | Reply More
StanChart plans to cut about 1,000 senior staff: Memo

StanChart plans to cut about 1,000 senior staff: Memo

LONDON: Standard Chartered’s new Chief Executive Bill Winters plans to cut about 1,000 of the bank’s most senior staff to reduce costs, according to a memo sent to staff, as he battles to revive the bank following a sharp drop in profits. The cull shows the scale of the overhaul Winters is planning at the […]

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No impact on used VW diesel car prices in Europe from scandal: survey

No impact on used VW diesel car prices in Europe from scandal: survey

LONDON: The emissions-cheating scandal shaking Volkswagen has not affected the price of used VW diesel cars in Europe, a car valuation firm said on Friday, while warning that could change later in the year. EurotaxGlass’s AG told Reuters it had surveyed used car prices in 30 European countries and found that Volkswagen, Europe’s largest carmaker […]

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US wholesale inventories rise slightly

US wholesale inventories rise slightly

WASHINGTON,: U.S. wholesale inventories rose in August, boosted by larger stocks of computers and professional equipment used by businesses. The Commerce Department said on Friday that wholesale inventories increased 0.1 percent, outpacing the median forecast of a flat reading in a Reuters poll. Inventories are a key component of gross domestic product changes. The component […]

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Fed official criticizes fiscal 'drama' in Congress

Fed official criticizes fiscal 'drama' in Congress

NEW YORK: A top Federal Reserve policymaker waded into the political debate over a possible U.S. default or government shutdown, saying on Friday that such fiscal “drama” in Washington hurts confidence in the economy. “To have a lot of drama around our fiscal affairs – that either a government shutdown or, even worse, a default […]

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Wal-Mart gets new CFO from Walmart International

Wal-Mart gets new CFO from Walmart International

REUTERS: Wal-Mart Stores Inc said on Friday Chief Financial Officer Charles Holley would retire on Dec. 31, and named Walmart International CFO Brett Biggs as his successor. Biggs, 47, has worked in all of the retailer’s three major divisions since joining the company in 2000. He has been CFO of Wal-Mart’s international division since January […]

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AB InBev bid for SABMiller helps lift global M&A levels to record high

AB InBev bid for SABMiller helps lift global M&A levels to record high

LONDON: The level of announced mergers and acquisitions (M&A) for the year has reached an all-time high, helped by Anheuser-Busch InBev’s record US$100 billion offer for London-listed brewer SABMiller , Thomson Reuters data showed on Friday. Global announced M&A reached a total value of US$3.38 trillion so far during 2015, a 35 percent increase compared […]

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Wall St. opens up after 'dovish' Fed minutes

Wall St. opens up after 'dovish' Fed minutes

REUTERS: Wall Street opened slightly higher on Friday, keeping the S&P 500 on track for its best week this year, as investors bet the Federal Reserve would not move interest rates off near-zero levels this year. The minutes of the Fed’s September meeting, released on Thursday, indicated further signs of dovishness, with policymakers concerned about […]

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Fed's Lockhart still sees 2015 rate hike despite recent red flags

Fed's Lockhart still sees 2015 rate hike despite recent red flags

NEW YORK: A U.S. interest rate hike is still probably coming in October or December despite some conflicting economic signals, a top Federal Reserve official said on Friday, reinforcing the central bank’s message over the last few weeks. Atlanta Fed President Dennis Lockhart, a well-respected centrist and a voter on the Fed’s monetary policy committee […]

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SABMiller talks up own potential with new cost-savings goal

SABMiller talks up own potential with new cost-savings goal

LONDON: Brewer SABMiller Plc, facing an unsolicited US$100 billion takeover offer from Anheuser-Busch InBev, announced an expanded cost-savings plan on Friday, aiming to show how much value it can generate in the next five years by going it alone. The latest statement from the world’s second-largest brewer was seen as an attempt to fetch a […]

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