Sunday, May 31, 2015
Avago
Avago Technologies' purchase of Broadcom Corp represents the biggest technology deal of all time. It may not stay at the top for long. The US$37 billion transaction announced on Thursday eclipses the previous record-holder - the buyout of First Data Corp in 2007 for almost US$30 billion.
Project Jacquard
Google announced on Friday that it is working with iconic US jean maker Levi Strauss to make clothing from specially woven fabric with touch-screen control capabilities.
Saturday, May 30, 2015
FIFA
A Fifa congress on Friday started a vote for a new president with incumbent Sepp Blatter the favourite despite a major corruption scandal engulfing the organisation.
OPEC
Opec is gearing up for a meeting next week amid rising global demand and a reduction in supply, which are both helping to support prices, two Opec officials said after pre-meeting talks.
Friday, May 29, 2015
Housing in US
More Americans than forecast signed contracts to purchase previously owned US homes in April, indicating a pickup in the housing market during the busy spring selling period.
Jobs in US
Applications for US jobless benefits remained below 300,000 for the 12th straight week, signalling the labour market remains firm even as the economy has been slow to rebound from a first-quarter slump.
Thursday, May 28, 2015
Airbus Enders
Airbus Group NV asked Chief Executive Officer Tom Enders to stay on for another term when his mandate ends, as the CEO sought to reassure investors that a recent crash of an A400M military aircraft won't jeopardize his earnings goals.
US Stocks
US stocks opened higher on Wednesday, recovering some of the prior day's losses as good earnings from Tiffany offset a disappointing report from Michael Kors.
Wednesday, May 27, 2015
US Consumer Confidence
US consumer confidence rose in May, according to a private sector report released on Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes rose to 95.4 from a downwardly revised 94.3 in April. Economists were looking for a May reading of 94.9, according to a Reuters poll.
The April figure was originally reported as 95.2.
Dollar
The dollar jumped to an almost eight-year high against the yen as economic reports suggested the US is getting back on track after a slow first quarter.
Tuesday, May 26, 2015
Citibank
Citibank Singapore on Monday said its credit card sales have grown at least 20 per cent faster than the industry over the last five years.
UBS
UBS is seeking to offload its private bank in Australia to the unit's management following a review of underperforming businesses at the Swiss bank, a source with direct knowledge of the matter told Reuters on Monday.
Monday, May 25, 2015
Walmart
Walmart Stores Inc, the world's biggest retailer, pulled some goods sourcing business from Li & Fung Ltd, raising concerns that the Hong Kong company may see other customers follow suit.
Time Warner Cable
Merger talks over Time Warner Cable Inc are pitting French-Israeli tycoon Patrick Drahi against his former boss: media mogul John Malone.
Sunday, May 24, 2015
Gold
Gold eased on Friday, on course for its first weekly decline in four weeks, after US Federal Reserve Chair Janet Yellen said she expected an interest rate hike this year.
The dollar extended gains following the speech, after initially climbing on a stronger-than-expected rise in US core consumer prices in April.
Shell
The world's fossil fuel reserves cannot be burned unless some way is found to capture their carbon emissions, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said on Friday.
Saturday, May 23, 2015
Hewlett-Packard
Hewlett-Packard Co reported fiscal second-quarter profit that exceeded analysts' estimates as corporate technology spending picked up ahead of the computer maker's planned separation into two companies.
BlackBerry
BlackBerry Ltd is cutting jobs at offices around the world as it brings together the different parts of its shrinking smartphone business.
Friday, May 22, 2015
Shopify Inc
Shares of Shopify Inc, a Canadian e-commerce software maker, rose as much as 69 per cent in their trading debut on the New York Stock Exchange, valuing the company at up to US$2.14 billion.
USA Factory Activity
Growth in the US manufacturing sector slowed for a second straight month during May, with new orders increasing at their slowest pace since January 2014, according to an industry report released on Thursday.
Thursday, May 21, 2015
USA Stocks
US stocks opened lower on Wednesday as investors weighed mixed earnings from retailers and awaited the release of the Federal Reserve minutes of the April monetary policy meeting.
Five Global Banks
Five of the world's largest banks, including JPMorgan Chase & Co and Citigroup Inc , were fined roughly US$5.7 billion, and four of them pleaded guilty to US criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday.
Wednesday, May 20, 2015
USA Equities
International investors slashed their exposure to US equities in May to its lowest in over seven years, while maintaining the euro zone as their leading stock market destination, a closely watched survey said on Tuesday.
USA Housing
US housing starts jumped to their highest level in nearly 7-1/2 years in April and permits soared, hopeful signs for an economy that is struggling to regain strong momentum after a dismal first quarter.
Tuesday, May 19, 2015
USA Homebuilders
Confidence among U.S. homebuilders unexpectedly fell in May, reflecting cooling sales and slower buyer traffic, a sign the residential real-estate market will take time to gain momentum.
Apple Inc
Apple Inc's patented designs on its signature iPhone mobile phone were copied by chief rival Samsung Electronics Inc, a US appeals court ruled on Monday.
Monday, May 18, 2015
Fitch Ratings
Ratings firm Fitch kept Greece's high-risk credit rating unchanged Friday, saying the risk that the eurozone country would default on its debt was a "real possibility."
Fitch Ratings affirmed the "CCC" rating it gave the debt-riddled eurozone country in late March in a two-notch downgrade from "B."
Global Bond Yields
Amid a surge in global bond yields, investors worldwide pulled $1.9 billion out of funds that mainly hold U.S. Treasuries in the week ended May 13, marking the biggest outflows in 10 weeks, a Bank of America Merrill Lynch Global Research report showed.
Sunday, May 17, 2015
Etsy Inc
Etsy Inc is facing fraud claims from investors after allegations that millions of items sold through its online crafts and specialty wares marketplace likely violate trademarks.
Netflix Inc
Netflix Inc rose above US$600 a share for the first time after it was reported to be in talks with a Chinese media company backed by Jack Ma and other possible partners as it seeks entry into China's US$5.9 billion online video market.
Saturday, May 16, 2015
Burger King
Burger King Worldwide Inc is the latest and largest company to jump on the repricing and refinancing bandwagon in the US leveraged loan market, but this time the company has thrown in a high-yield bond refinancing to lock in low interest rates before they rise.
Google Self-Driving Prototype Cars
Google announced on Friday its self-driving prototype cars were ready to leave the test track and hit public roads in California, in a step forward for its autonomous automobile program.
Friday, May 15, 2015
Tech Centre
General Motors Co said it will spend US$1 billion through 2018 to renovate and expand its sprawling 60- year-old Tech Center campus in Warren, Michigan, just north of Detroit, adding 2,600 jobs.
US Capital Spending
US corporate spending on capital projects could fall this year to the lowest level since 2011, with steep reductions by the energy industry and companies in other sectors cutting spending amid broad concerns about global growth.
Thursday, May 14, 2015
US Import Prices
US import prices fell for a 10th straight month in April, likely reflecting the impact of a strong dollar, a sign of benign inflation pressures that could encourage the Federal Reserve to delay raising interest rates.
Sotheby's
A day after rival Christie's sold the most expensive painting in auction history, Sotheby's fell just shy of its best-ever contemporary art result, taking in some US$380 million and setting records for artists including Christopher Wool and Sigmar Polke.
Wednesday, May 13, 2015
India's Inflation
India's inflation rate fell to its lowest level in four months and growth in industrial output slowed, official data showed on Tuesday, increasing calls for an interest rate cut next month.
Consumer inflation eased to 4.87 per cent in April from a year earlier, the slowest pace since December, on the back of lower food costs, and down from 5.25 per cent in March, the data showed.
Swisscom
Swiss telephone firm Swisscom on Tuesday unveiled a driverless car that is being tested on the roads of Zurich, a first in the country.
The Volkswagen Passat, which began road tests last week that will end on Thursday, has been equipped with sensors, computers and special software.
Tuesday, May 12, 2015
Bank of England
The Bank of England froze interest rates at a record low 0.50 per cent on Monday in the first monetary policy decision since the Conservatives triumphed in the general election.
Singapore-KL High-Speed Rail
The Singapore-Kuala Lumpur high-speed rail (HSR) terminus will be located at the current site of Jurong Country Club in Jurong East, announced the Government on Monday.
The site - a 1.02 million sq ft plot of land sandwiched between Jurong Town Hall Road and the Ayer Rajah Expressway (AYE) - is currently occupied by JTC's iHub building and the Jurong Country Club golf course.
Monday, May 11, 2015
Federal Reserve
Janet Yellen could be losing patience. And that could mean a lot for global markets.
When the chair of the Federal Reserve said Wednesday that stocks were overvalued and bond yields too low, it was a signal that investors should not expect to indulge on the Fed's cheap dollars forever.
Spanish Grand Prix
Nico Rosberg ended his Mercedes team-mate Lewis Hamilton's winning streak in this year's Formula One drivers' world championship on Sunday when he drove to a near-flawless victory in the Spanish Grand Prix.
Sunday, May 10, 2015
United Airlines
United Continental Holdings Inc said Friday that it plans to cut certain transatlantic flights after the peak summer travel season ends as the strong US dollar weighs on international demand.
Toyota and Mazda
Japanese automakers Toyota and Mazda are considering a comprehensive tie-up in environmentally-friendly technology amid tightening regulations to cut greenhouse gas and tough emerging market competition, a report said on Saturday.
Saturday, May 9, 2015
Wal-Mart Stores Inc
Wal-Mart Stores Inc's Canadian unit said it would buy some store leases and other assets formerly held by the Canadian arm of Target Corp and renovate them for about C$350 million (S$384 million).
McDonald's
US fast-food giant McDonald's, fighting sluggish sales, reported on Friday smaller-than-expected dips in global sales and in its key home market in April.
Friday, May 8, 2015
Apple Watch
The Apple Watch is fuelling the emerging smartwatch market and is expected to be the top seller in the segment for next few years, a market research report showed on Wednesday.
European Union
The European Union is seeking Asian capital for a multi-billion euro investment plan it hopes will create more than a million jobs and revive growth.
Thursday, May 7, 2015
Guardian Tampines MRT Station
It will be closed for a week
with effect from 09 May 2015
for some upgrading works.
StanChart
Standard Chartered Plc's incoming Chief Executive Officer Bill Winters plans to supervise the bank's regional units more directly than his predecessor did when he assumes the job in a month.
Blackstone Group LP
Blackstone Group LP, the biggest private equity investor in real estate, sold more than 4,600 US apartments to capitalize on strong demand for rental housing as it begins investing a new global property fund.
Wednesday, May 6, 2015
Jurong East
The Singapore terminus for the high-speed rail link between Singapore and Kuala Lumpur will be in Jurong East in the Jurong Lake District.
Singapore Malaysia High-Speed Rail Link
Singapore and Malaysia have decided to push back an initial deadline of 2020 for the completion of a high-speed rail link between the wealthy city state and Kuala Lumpur, both prime ministers said on Tuesday, citing the complexity of the project.
Tuesday, May 5, 2015
US Factory Orders
New orders for US factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.
Finland
The International Monetary Fund said Finland's status as a highly ranked developed nation belies a number of failings that threaten to condemn the economy to years of slow growth if not addressed.
Monday, May 4, 2015
Berkshire Hathaway Inc
Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he's gone.
Ramba Energy
Ramba Energy plans to sell a 14.9 per cent stake in itself to an Indonesian tycoon for S$18.4 million in gross proceeds to repay debt and other uses, the oil and gas company announced late Sunday.
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