Wednesday, November 18, 2015
Consumer Prices in USA
US consumer prices increased in October after two straight months of declines as the cost of gasoline and a range of other goods rose, a tentative sign that the drag on inflation from a strong dollar and lower oil prices was starting to ease.
Marriott International
Marriott International Inc Chief Executive Officer Arne Sorenson said hotel customers would get "more and more points" as a result of its US$12.2 billion acquisition of Starwood Hotels & Resorts Worldwide Inc.
Tuesday, November 17, 2015
Sime Darby
Malaysia's Sime Darby Bhd plans to focus on improving the yields at its current palm oil plantations rather than relying on planting new areas to grow, the world's top oil palm planter by land size said on Monday.
Apple
Apple announced on Sunday that it has struck a deal to power all of its Singapore operations with renewable energy, the latest in a series of steps from the company to turn its operations worldwide green.
OPEC
The average price of crude sold by Opec fell below US$40 a barrel for the first time 2009, underscoring the financial cost of the group's strategy to defend its market share.
Monday, November 16, 2015
Myanmar
Myanmar's President Thein Sein on Sunday said historic polls won in a thumping landslide by Aung San Suu Kyi's party were the consequence of his government's reforms and vowed a smooth transition of power.
Free Trade Agreement
Singapore and Turkey signed their third trade agreement on Saturday, on the sidelines of the Group of 20 (G20) Summit in Antalya.
Autonomous Cars
Japanese car manufacturers will have to convince the public that letting go of the wheel in a self-driving car is safe, while also dealing with the biggest threat to the cars' security: the humans using them.
Sunday, November 15, 2015
First Sponsor Group
First Sponsor Group Limited has enlarged its footprint in the Netherlands by brokering another deal, this time with three other co-investors, to acquire a portfolio of 16 offices in the country.
APEC
The Philippines on Saturday vowed "higher security" for world leaders at an economic summit in Manila next week after a series of bombings and shootings left more than 120 dead in Paris.
US President Barack Obama is set to join the leaders of China, Japan, Australia, Canada and 15 others at an annual Asia-Pacific Economic Conference (Apec) summit in Manila on November 18-19.
Yuan
China on Saturday welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world's financial system.
Saturday, November 14, 2015
Volkswagen
Volkswagen brand sales fell 5.3 per cent in October, the first full month after Europe's biggest carmaker was found cheating diesel emissions tests in the United States.
Oil
Oil headed for a second weekly decline, trading near the lowest levels in two months, as a global energy advisory group said stockpiles in developed nations have reached a record and US crude supplies rose.
Garuda
Garuda Indonesia will decide whether to buy 30 wide-body jets worth potentially US$9 billion from either Airbus or arch-rival Boeing by end-2015, the airline's chief executive said in an interview on Friday.
Paris Shootings
President Hollande announced on TV and radio that a state of emergency would be declared. "France must be strong in the face of terrorism," he said. "Terrorist attacks are taking place in Paris. It's a horror, We have mobilised all possible forces."
A police source said gun attacks had taken place at six different locations in Paris, as well as the grenade attack at the Stade de France (stadium). French media reported as many as 40 dead, with 60 "extremely urgent" casualties rushed to hospitals. At least one ongoing hostage situation, possibly several, police said.
Friday, November 13, 2015
Burberry
British luxury brand Burberry said on Thursday its comparable store sales improved in its third quarter relative to the second as it reported a better-than-expected 3 per cent rise in first half underlying profit.
Consumer Confidence in USA
Consumer confidence steadied after declining for the previous three weeks as Americans' views toward spending improved by the most in five months.
UK-India Deals
Prime Minister David Cameron said British and Indian companies will announce deals worth a total of £9.0 billion (S$19.4 billion) during his Indian counterpart Narendra Modi's visit to Britain.
Thursday, November 12, 2015
Satellites to Track Flights
World nations struck a landmark deal Wednesday on using satellites to track flights, which could prove key to preventing a repeat of the mysterious disappearance of flight MH370 in March 2014.
Countries reached an accord at a conference hosted by the UN's International Telecommunication Union (ITU) that aimed to improve on the current civilian flight-tracking system which relies on ground-based radars.
Youku Tudou Inc
Youku Tudou Inc, known as China's YouTube, said it agreed to be bought by e-commerce giant Alibaba Group Holding Ltd for US$27.60 per American Depositary Share.
Deutsche Telekom
Deutsche Telekom's T-Mobile Netherlands division has drawn interest from private equity groups Apax and CVC, which are putting the finishing touches to their rival bids, sources familiar with the matter told Reuters.
Wednesday, November 11, 2015
USA Import Prices
US import prices fell more than expected in October as the cost of petroleum and a range of goods declined, a sign that a strong dollar and soft global demand continued to exert downward pressure on imported inflation.
EU
Prime Minister David Cameron warned Tuesday that Britain could leave the EU if it does not get the reforms it wants before a "once-in-a-generation" referendum to settle its troubled relationship with Europe.
Beatles
A guitar beloved by John Lennon for writing Beatles hits such as "She loves you" and "All my loving" sold for a record US$2.41 million (S$3.4 million) on Saturday, a US auction house said.
Tuesday, November 10, 2015
Match
The online dating spinoff Match said Monday its market value could reach US$3.4 billion if Wall Street warms to its stock offering.
Match, which includes the popular app Tinder and other dating services including OK Cupid, said it now plans to raise up to US$536.7 million in its initial public offering (IPO), up from US$100 million in its initial filing last month.
Eurozone and Greece
Eurozone finance ministers were set to withhold two billion euros from Greece's huge bailout at a meeting on Monday, European sources said, as tensions resurfaced just months after Athens narrowly avoided a euro exit.
Aung San Suu Kyi's Party
Supporters of Aung San Suu Kyi's pro-democracy party on Monday cheered in growing excitement as early results from Myanmar's historic election boosted hopes of sweeping gains to carry it to power after decades of military dominance.
Monday, November 9, 2015
TAG Heuer
Luxury Swiss watchmaker TAG Heuer will next week launch a smartwatch aimed at taking on the Apple Watch, but with an asking price of $15,000, the company chief said in an interview published Sunday.
NOL
Singapore container shipping firm Neptune Orient Lines (NOL) said at the weekend it was in talks with France's CMA CGM SA and Denmark's A.P. Moeller-Maersk over a potential sale of the company.
DeClout
Information technology firm DeClout is proposing to buy internet service provider (ISP) assets and business in Singapore and Thailand from PacNet Internet Singapore for US$4.4 million in total.
Sunday, November 8, 2015
SkillsFuture Credit
Starting next year, Singaporeans will get S$500 to spend on a range of 10,000 courses to upgrade their skills.
From Jan 1, more than 2 million Singaporeans aged 25 and above will receive an initial SkillsFuture Credit of S$500. These can be used to fund government-approved courses in 57 areas, including workplace literacy and numeracy, masters in nursing, or elementary Chinese restaurant cooking.
Jumbo Group
After having simmered for over a year, the much-anticipated public float of seafood restaurant owner Jumbo Group early this month could bring some spice to the rather dry listing market this year. But just how appetising does its Catalist initial public offering (IPO) look?
Takata
Autoparts maker Takata faced a further blow Saturday, after carmaker Nissan followed Toyota and Honda in deciding to cease its use of the crisis-hit company's airbag inflators.
Saturday, November 7, 2015
Airbus
European aircraft maker Airbus said on Friday orders booked from January to October had already taken the company past its target for all of 2015.
Barclays
Barclays Plc is sounding out potential buyers for its Asian wealth-management business as Chairman John McFarlane refocuses Britain's second-largest lender on the most profitable businesses in the US and UK, said two people with knowledge of the matter.
Tiger Airways
Singapore Airlines (SIA) is bringing Tiger Airways into the fold as it seeks to delist and privatise the budget carrier to push for closer integration across its four airlines.
Friday, November 6, 2015
Sleigh Bells
A long-lost Walt Disney animated film has been discovered in a British archive and will be screened for the first time in 87 years, the British Film Institute announced on Tuesday. The forgotten six-minute film, Sleigh Bells, has not been seen since its original release in 1928,
Michelin Guide on Street Food in Hong Kong
Hong Kong's frills-free street food vendors have made it to this year's Michelin Guide for the first time, officials of the celebrated culinary guide said Thursday, as it released its 2016 recommendations for the southern Chinese city.
Societe Generale
Societe Generale, France's second-largest bank, unveiled Thursday plans to shut 400 branches and cut some 2,000 jobs in the next five years as clients increasingly switch to online banking.
Thursday, November 5, 2015
Turkey
Turkey's credit outlook will hinge on the new government's ability to tackle slowing growth and high inflation, ratings agency Moody's said on Wednesday.
Jobs in USA
US private employers added 182,000 jobs in October, a tick above economists' expectations, a report by a payrolls processor showed on Wednesday.
Interest Rates
Federal Reserve Chair Janet Yellen said Wednesday that US economic activity remains solid and that the Fed could decide to increase interest rates at its December meeting.
Wednesday, November 4, 2015
COE 4 November 2015
Category A - for cars below 1,600 cc and 130 hp - dipped S$1,300 (the exact amount it gained in the previous tender two weeks ago) to S$56,001, while Cat B - for cars above 1,600cc or 130 hp - fell S$2,388 to S$57,501.
But Cat E - the open category which has been tracking Cat B - climbed S$689 to S$60,689. So did Cat C - for goods vehicles - which rose S$1,506 to S$43,809.
On the other hand, Cat D - for motorcycles - slipped S$390 to S$5,912.
Amazon Books
US online giant Amazon, which has led the bookselling industry's shift to the Internet, opens its first physical bookstore on Tuesday.
"These aren't metaphorical doors: these real, wooden doors are the entrance to our new store in Seattle's University Village," the company said on a web page for the shop, located in Amazon's hometown in the northwest state of Washington.
The store, called Amazon Books, "is a physical extension of Amazon.com" which "integrates the benefits of offline and online book shopping," the company said.
Commodities Prices in New Zealand
Prices for New Zealand's main commodities rose in October due to rebounding dairy prices, ANZ Bank's commodity price index showed on Tuesday.
Goldman Sachs
Goldman Sachs Group Inc went short oil and gas companies last quarter, bringing its total exposure to the industry below US$12 billion for the first time since it started breaking out that risk to investors at the end of last year.
Tuesday, November 3, 2015
Lufthansa
Lufthansa cabin staff are threatening to go on strike from the end of this week if management does not come up with an improved offer in an ongoing labour dispute, the union UFO said on Monday.
UK Factory PMI
British factory activity unexpectedly surged to a 16-month high in October helped by a recovery in export orders, a survey showed on Monday, suggesting economic growth could pick up rapidly in the last three months of the year.
Bank of England
The Bank of England set out the scenario it will use to assess the resilience of the UK banking system in the coming years, including a 35 per cent decline in house prices between the end of this year and the second quarter of 2018.
Monday, November 2, 2015
Rare Summit
The leaders of South Korea, China and Japan said on Sunday they were willing to work together again for regional trade and security after setting aside historical animosities with their first summit talks in more than three years.
WTA
Agnieszka Radwanska won the biggest title of her career on Sunday as she downed two-time Wimbledon champion Petra Kvitova 6-2, 4-6, 6-3 to win the WTA Finals in Singapore.
Interest Rates
The International Monetary Fund on Friday urged the Federal Reserve to be cautious on raising rates, warning that tightening too fast could force it to reverse and possibly lose credibility.
Sunday, November 1, 2015
Vehicle Emissions Testing in Australia
Australia will review its standards and testing procedures for vehicle emissions, the government said on Saturday, after media reports said the recent scandal involving Volkswagen cars highlighted the country's relatively lax standards.
TPP
The Trans-Pacific Partnership (TPP) will play a key role in helping the Japanese government to boost economic growth, the Nikkei business daily reported on Saturday.
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