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  • Credit Suisse, UOB fined for 1MDB transactions

    SINGAPORE -- The Monetary Authority of Singapore has announced that it is imposing financial penalties on Credit Suisse and United Overseas Bank, after completing a two-year review of transactions related to debt-laden state fund 1Malaysia Developme

    May 30, 2017 02:01 pm JST
  • Nikkei Asia300 Index flat ahead of key US data releases

    HONG KONG (Nikkei Markets) -- Asian stocks were little changed in holiday-thinned trading Monday, as investors paused ahead of a data-heavy week in the U.S.The Nikkei Asia300 Index ended unchanged at 1,238.35 after trading in a narrow four-point ran

    May 29, 2017 08:38 pm JST
  • Singapore, Malaysia stocks fall ahead of key US data releases

    SINGAPORE (Nikkei Markets) - Shares in Singapore and Malaysia fell Monday as investors awaited a slew of U.S. economic data releases this week.The S&P 500 index closed marginally higher on Friday after data showed that the U.S. economy grew a better

    May 29, 2017 08:07 pm JST
  • Former army general tapped to lead Singapore Press

    SINGAPORE -- The incoming CEO of Singapore Press Holdings is the former chief of Neptune Orient Lines, a national shipping line that was sold off to a French rival after years of losses.The city-state's largest media company announced Friday that Ng

    May 27, 2017 06:06 am JST
  • Wall Street, Fed minutes boost Nikkei Asia300 Index this week

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose this week following a rebound on Wall Street, as regional investors cheered the U.S. Federal Reserve's cautious tone in its latest meeting minutes.Markets shrugged off Moody's Investor

    May 26, 2017 08:46 pm JST
  • Singapore, Malaysia stocks post weekly gains tracking Wall Street rally

    SINGAPORE (Nikkei Markets) - Shares in Singapore and Malaysia rose this week, tracking a rally in Wall Street that propelled stocks to record levels. Minutes of the U.S. Federal Reserve's latest meeting that indicated a cautious approach to rate inc

    May 26, 2017 08:14 pm JST
  • Singapore's Comfort ties up with Ryde to boost taxi bookings

    SINGAPORE -- Singapore's largest taxi company, ComfortDelGro Taxi, said Thursday it has agreed to partner with the startup Ryde, a move aimed at protecting its market share as popular ride-hailing apps such as Uber and Grab squeeze traditional opera

    May 26, 2017 10:15 am JST
  • India shares post first gain in three days on Fed minutes

    MUMBAI (NewsRise) -- Indian shares rose for the first time in three days on Thursday, with the benchmark BSE Sensex hitting a record high, as optimism after the U.S. Federal Reserve reiterated its cautious approach to future interest rate hikes and

    May 25, 2017 09:30 pm JST
  • Nikkei Asia300 Index rises after Fed meeting minutes

    HONG KONG (Nikkei Markets) -- Asian stocks rose Thursday, as risk sentiment received a boost after the U.S. Federal Reserve's May meeting minutes indicated the central bank remains cautious in its approach to rate increases beyond June.The Nikkei As

    May 25, 2017 08:22 pm JST
  • Singapore, Malaysia shares gain as Fed minutes boost regional equities

    SINGAPORE (Nikkei Markets) -- Malaysian and Singapore shares rose Thursday, as the U.S. Federal Reserve's meeting minutes caused treasury yields and the dollar to fall, boosting demand for regional assets.The dollar declined against most currencies

    May 25, 2017 07:59 pm JST
  • Singapore revises up Q1 GDP, full-year growth seen fastest in 3 years

    SINGAPORE (Nikkei Markets) -- Singapore said on Thursday its economy is likely to grow by more than 2% in 2017, a forecast that puts the trade-dependent city-state on course to achieving its fastest expansion in three years.The Ministry of Trade and

    May 25, 2017 04:53 pm JST
  • Company in focus: Hong Kong's MTR gets praise abroad but criticism at home

    HONG KONG Long before any talk of belts and roads, MTR looked beyond the territory for expansion.But it was not until recently that the monopoly operator of Hong Kong's profitable metro system said it wanted to do business in Southeast Asia. With a

    May 25, 2017 10:00 am JST
  • Singapore Airlines and Cathay Pacific set a new course for survival

    SINGAPORE The rise of budget airlines and powerful emerging carriers from the Middle East and China is forcing two of Asia's best-known players, Singapore Airlines and Hong Kong's Cathay Pacific Airways, to rethink the way they do business.Singapore

    May 25, 2017 10:00 am JST
  • Moody's China downgrade drags Nikkei Asia300 Index lower

    HONG KONG (Nikkei Markets) -- Asian stocks fell Wednesday, led by losses in Chinese equities after Moody's Investors Service cut the nation's sovereign credit rating on concern over rising debt and slowing growth potential.The Nikkei Asia300 Index f

    May 24, 2017 09:02 pm JST
  • Singapore, Malaysia stocks rise as Wall Street gains eclipse China rating cut

    SINGAPORE (Nikkei Markets) -- Singapore shares rose Wednesday following a fourth straight day of advance on Wall Street and banks led Malaysia stocks higher as Asian markets mostly shrugged off Moody's Investors Service lowering China's sovereign ra

    May 24, 2017 07:37 pm JST
  • Nikkei Asia300 Index edges higher after US stocks rise for third day

    HONG KONG (Nikkei Markets) -- Asian stocks rose Tuesday as investors took cues from Wall Street's third consecutive day of advance, shrugging off risk aversion after a blast in Britain's Manchester killed at least 22 people.The Nikkei Asia300 Index

    May 23, 2017 09:19 pm JST
  • Singapore shares rise as U.S. political worries ebb; Malaysia stocks fall on weak earnings

    SINGAPORE (Nikkei Markets) -- Singapore shares rose Tuesday as investor concerns triggered by U.S. political uncertainty continued to fade. Malaysia shares, weighed by tepid earnings, edged lower.U.S. stocks advanced for a third day overnight, with

    May 23, 2017 07:50 pm JST
  • Singapore's OCBC starts private-banking business in Indonesia

    SINGAPORE -- Oversea-Chinese Banking Corp., Singapore's second-largest bank by assets, has launched private banking in Indonesia in a bid to expand its market share in Asia's wealth management industry.The bank announced Monday that local subsidiary

    May 23, 2017 10:45 am JST
  • Nikkei Asia300 Index rises after Wall Street, crude oil gains

    HONG KONG (Nikkei Markets) - Asian stocks outside of Japan rose Monday, as sentiment improved after U.S. stocks rebounded and strength in crude oil prices boosted energy producers.The Nikkei Asia300 Index rose 0.7%, or 8.5 points, to 1,222.82. Chine

    May 22, 2017 09:14 pm JST
  • Singapore Airlines shares continue to fall as fears about margins grow

    SINGAPORE (Nikkei Markets) -- Shares of Singapore Airlines continued to fall for a second day after a dismal earnings report raised concerns that the carrier's margins would remain under pressure for some time due to the brutal competition in the av

    May 22, 2017 08:19 pm JST