Business » World

Wednesday, 16 July 2014

Messaging app Line eyes US$9.8b Tokyo listing

2014-07-16 A SMARTPHONE messaging app set up in the aftermath of Japan’s 2011 quake-tsunami disaster has applied to list on the Tokyo stock exchange, in an offering that could be worth more than US$9.8 billion, a report said yesterday.Fast-growing messaging...

Microsoft expected to announce job cuts this week

2014-07-16 MICROSOFT Corp is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj’s handset unit, Bloomberg reported, citing people with knowledge of the company’s plans. The reductions, expected to be...

Singapore’s private home sales slide 73 per cent

2014-07-16 SALES of private homes by developers in Singapore fell 73 per cent in June compared with a year earlier, government data showed yesterday.Data compiled by the Urban Redevelopment Authority showed developers sold 482 units in June, compared with 1,...

China June bank loans beat expectations

2014-07-16 BEIJING stepped up efforts to re-energise China’s economy in June and avert a sharper slowdown, pumping more money into the system and pressing banks to extend more loans, but analysts say more stimulus will be needed to ensure a sustained recovery...

Bank of Japan holds off fresh stimulus

2014-07-16 THE Bank of Japan yesterday held fire on expanding its vast stimulus programme, saying the world’s number three economy was recovering despite taking a hit from April’s sales tax rise.However, policymakers slightly lowered the economic growth...

World Bank hails Philippines as next Asian ‘miracle’

2014-07-16 WORLD Bank president Jim Yong Kim yesterday described the Philippines as the next “Asian miracle” and a global model in fighting corruption, as it emerges from decades as a regional economic laggard.Kim said President Benigno Aquino should take...

Tuesday, 15 July 2014

Citi to pay US$7b to US Gov’t

2014-07-15 CITIGROUP Inc said it agreed to pay US$7 billion to settle a US government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. The settlement figure was more that twice what many analysts...

Big deals for new Airbus’ A330

2014-07-15 EUROPEAN planemaker Airbus kicked off the Farnborough Airshow on Monday with confirmation it would sell revamped versions of its A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and offering 14 per cent fuel savings.Deliveries of the...

Monday, 14 July 2014

Grumbling foreign banks still bend to US rules

2014-07-14 FINANCIERS may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond US territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.Last week,...

Britain plans to make foreign takeover rules strict

2014-07-14 BRITAIN plans to force foreign buyers of major British companies to make binding commitments on issues that are in the national interest such as investment in research, Business Secretary Vince Cable said on Sunday. This issue was raised earlier...

In Brief

2014-07-14 Swiss Lindt near deal to buy Russell StoverWASHINGTON: Swiss-based chocolate maker Lindt & Spruengli is in advanced discussions to acquire family-owned US candy business Russell Stover, and the two companies could announce an agreement as...

Saturday, 12 July 2014

IEA revises oil demand outlook on weaker growth

2014-07-12 THE International Energy Agency on Friday cut its forecast for 2014 oil demand to 92.7 million barrels a day due to weaker than expected global economic growth.The revised forecast shows a drop of 130,000 barrels a day from the IEA’s prediction a...

LG’s new 18-inch display can be rolled up

2014-07-12   LG DISPLAY Co has developed an 18-inch flexible display that can be rolled into the shape of a thin cylinder, a step toward making a large display for flexible TVs. The South Korean display panel maker said Friday the flexible display has a...

Financial penalties undergo review

2014-07-12 A REVIEW of government penalties for corporate wrongdoing is being carried out in a bid to make them more uniform globally, a top official of the International Organization of Securities Commissions (IOSCO) said.The review comes amid a growing...

World food inflation slows

2014-07-12 THE outlook for world food inflation looks lower and more stable as agricultural commodity prices settle over the next decade following years of volatility, the UN’s Food and Agriculture Organisation (FAO) and the OECD said on Friday.Primary...

Friday, 11 July 2014

Boeing sees US$5.2t in orders over 20 years

2014-07-11 AVIATION giant Boeing on Thursday raised its forecast for aircraft demand, saying it now expects to deliver 36,770 planes over the next two decades in deals worth US$5.2 trillion.Boeing’s latest forecast is up 4.2 per cent from last year’s, with...

OPEC market share seen shrinking

2014-07-11 OPEC expects its share of the world oil market to shrink in 2015 for a third year running, due in part to the US shale oil boom, giving the exporter group little comfort from an acceleration in global demand.Making its first 2015 forecast in a...

In Brief

2014-07-11 Falling gas prices threaten LNG export projectsLONDON: A sharp fall in European and Asian gas prices this year will put liquefied natural gas (LNG) export projects worldwide under heavy cost pressure, and even kill some off, as expected returns on...

Apple has the right to trademark store design: EU court

2014-07-11 APPLE has the right to trademark its flagship store design, the EU’s highest court said on Thursday, though under certain conditions. In 2013, after two years of trying, iPhone-maker Apple successfully registered the design of its stores with the...

Thursday, 10 July 2014

In Brief

2014-07-10 Boeing, SIA Engineering to form joint ventureSINGAPORE: Boeing Co and SIA Engineering Co Ltd plan to set up a Singapore-based joint venture to provide fleet management services to airlines in the Asia-Pacific region, the companies said yesterday....

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