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Exports fall tips Singapore closer to ‘technical recession’

Exports fall tips Singapore closer to ‘technical recession’

SINGAPORE: Singapore’s exports fell sharply in August on weak demand from China and Europe, official data showed Thursday, raising the odds of a technical recession for the trade-reliant economy in the third quarter. Non-oil domestic exports tumbled 8.4 percent from a year ago, the trade promotion body International Enterprise (IE) Singapore said, steeper than what […]

September 17, 2015 | By | Reply More
AmanahRaya REIT to buy industrial assets worth RM50m

AmanahRaya REIT to buy industrial assets worth RM50m

AmanahRaya Real Estate Investment Trust (AmanahRaya REIT), Malaysia’s first government owned company’s sponsored REIT, is planning to acquire two industrial assets worth RM50 million in the southern part of Malaysia, Johor. Its acting principal officer Noorbaizura Hermeyney said the properties are expected to generate recurring revenue of RM3.7 million per year at 6.5 per cent […]

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Cigna CEO defends Anthem deal, says consumer will still have choice

Cigna CEO defends Anthem deal, says consumer will still have choice

NEW YORK: Health insurer Anthem’s planned US$47 billion takeover of rival Cigna will not hurt consumers but increase choice and affordability, Cigna CEO David Cordani said, defending the merger against widespread criticism that it will harm competition. The Anthem-Cigna deal and a plan by Aetna Inc to buy Humana have come in the wake of […]

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Intervention amplified losses for ETFs tracking China mainland

Intervention amplified losses for ETFs tracking China mainland

BOSTON/NEW YORK: Just as China shows that its domestic stock market can be something of a one-way street – investors can put money in, but not take money out – the biggest mutual fund company, Vanguard Group, is moving ahead with plans to expose more mom-and-pop investors to the country’s heavily restricted exchanges. With the […]

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US banks set to win when Fed hikes, payoffs distant for savers

US banks set to win when Fed hikes, payoffs distant for savers

NEW YORK: Once the Federal Reserve starts lifting interest rates off the floor, banks will get a nice boost to their profits, but depositors will not get much benefit. The Fed, which has long telegraphed its intention to end its seven-year experiment with zero rates, may start raising rates as soon as Thursday. Whenever it […]

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New Maritime Silk Road blueprint to be unveiled at Caexpo 2015

New Maritime Silk Road blueprint to be unveiled at Caexpo 2015

NANNING: A new blueprint is set to be created for the 21st century Maritime Silk Road at the 12th China-Asean Expo (Caexpo) 2015 which begins Friday. The blueprint, among others, includes greater maritime cooperation between China and the 10 Asean countries, including Malaysia. The Maritime Silk Road, officially the 21st century Maritime Silk Route Economic […]

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Looming Fed rate decision a test of Yellen's jobs vision

Looming Fed rate decision a test of Yellen's jobs vision

WASHINGTON: Fed Chair Janet Yellen has made clear she would rather delay an interest rate hike for too long than move sooner and risk jeopardizing a tepid economic recovery, a conviction that will face its sharpest test yet on Thursday. Having weighed the economy’s steady march toward full employment against the backdrop of weak inflation […]

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Altice to buy US firm Cablevision for US$17.7 billion: sources

Altice to buy US firm Cablevision for US$17.7 billion: sources

REUTERS: U.S. cable TV operator Cablevision Systems Corp has agreed to a US$17.7 billion takeover offer by European telecommunications company Altice , according to two people familiar with the matter, the latest acquisitions in a sector struggling with declining viewership. Shares of Cablevision, which is controlled by New York’s Dolan family, jumped as much as […]

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Singapore ready if the Fed raise the rates: Economists

Singapore ready if the Fed raise the rates: Economists

SINGAPORE: Even as economists remain divided on whether the Federal Reserve will raise interest rates amid an environment already challenged by slowing Chinese demand and financial market volatility, there is one thing market watchers here agree on – that Singapore is ready for it when it happens. A move by the Fed would signal confidence […]

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Asian stocks at three-week highs before Fed decision; dollar wary

Asian stocks at three-week highs before Fed decision; dollar wary

HONG KONG: Asian stocks edged up to a three-week high on Thursday while the dollar drifted lower against other currencies as investors consolidated positions ahead of a nail-biting U.S. Federal Reserve policy decision. The U.S. Fed is considering raising U.S. interest rates for the first time since 2006, although economists are split in their expectations. […]

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