Thursday, April 30, 2015
Telstra
Telstra-backed startup accelerator, muru-D, which was launched on Wednesday, will open, in May, applications for 10 technology startups from across South-east Asia to be recruited for the inaugural six-month accelerator programme, which begins in August.
Microsoft Corp
Microsoft Corp is set to allow apps from rival Google Inc's Android system onto its own Windows phones later this year, according to two sources familiar with the matter on Wednesday.
Wednesday, April 29, 2015
Bank of America
Bank of America Corp is being investigated by the Securities and Exchange Commission over whether it broke rules designed to safeguard customer accounts, according to a person with knowledge of the probe.
Clean Energy
Japan anticipates that by 2030 clean energy such as solar and hydro will generate slightly more electricity for the nation than nuclear power plants.
Clean energy sources will supply as much as 24 per cent of Japan's electricity in 15 years, while atomic power will account for as much as 22 per cent, according to a draft report from the Ministry of Economy, Trade and Industry on what Japan's electricity mix should look like by 2030.
Tuesday, April 28, 2015
Danish Households
Danish households, who carry the biggest gross debt loads of any population in the rich world, look to have turned a corner.
Danes repaid their home loans at the fastest pace in history last year, according to the Association of Danish Mortgage Banks. At the same time, record-low interest rates and higher fees on riskier loans are driving more borrowers over to fixed-rate mortgages, which now cost as little as 2 per cent for 30 years. The developments have helped banks meet demands to cut risks.
Bulgari and Meraas
Italian jeweller Bulgari and Dubai developer Meraas Holding plant to build a luxury resort and residential project on a man-made island off the coast of Dubai as the emirate steps up its expansion as an international tourist destination.
Monday, April 27, 2015
Person Finder Tool and Safety Check Tool
Following Saturday's devastating earthquake in Nepal, Google's Crisis Response division tweeted that it had launched an instance of its Person Finder tool to help track missing person.
The web application - a kind of missing persons database - allows people to post and search for the status of loved ones affected by a disaster. It was built and first deployed in response to the 2010 Haiti earthquake.
As of 12.30pm on Monday, the tool reports that it is "tracking about 4,900 records".
Facebook chief Mark Zuckerberg said in a post on Saturday that the company had activated its Safety Check tool for people affected by the earthquake, so that they can let friends and family know that they are safe.
The 7.8-magnitude earthquake has killed more than 3,200 people.
Postbank
Germany's biggest lender Deutsche Bank announced on Friday it was seeking to sell its Postbank subsidiary as part of a revamp to improve profitability.
Deutsche Bank
Deutsche Bank's earnings fell by half in the first quarter, a greater-than-expected drop as hefty legal charges eroded gains in investment banking revenue, while it prepares to unveil details of a strategic overhaul.
Sunday, April 26, 2015
Alibaba
Chinese e-commerce leader Alibaba Group Holding Ltd and state-owned China Telecom Corp Ltd have tied up to sell inexpensive smartphones aimed at boosting mobile commerce in smaller cities and rural areas.
Apple Watch
Software developers who tried on an Apple Watch for the first time on Friday predicted a rush of new apps over the next few months, particularly in areas including health and messaging.
Saturday, April 25, 2015
Eurozone
Eurozone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy.
Nasdaq Composite
The Nasdaq Composite extended its gains in late morning trading on Friday, hitting a 15-year intraday high, propelled by strong results from tech behemoths Google, Amazon and Microsoft.
Friday, April 24, 2015
Genting Hotel Jurong
The 557-room Genting Hotel Jurong, located along Jurong Town Hall Road, will soft launch on April 30, with the grand opening to take place on May 27.
It is the first major hotel project in the Jurong Lake District.
Facebook Inc
Facebook Inc's revenue growth was stunted in the first quarter by the effects of the strong dollar, causing the social-media company to miss analysts' sales estimates for the first time since 2012.
Sales rose 42 per cent to US$3.54 billion, when they could have risen 49 per cent without the currency effects, Facebook said Wednesday in a statement.
Thursday, April 23, 2015
Guardian Tampines MRT Station
Newspapers are being sold at this outlet again.
Diana was very good to ask me
to use my Passion card to collect points.
Thank you, Diana :)
Peugeot IBM
PSA Peugeot Citroën, Europe's second largest carmaker, and computer services supplier IBM, said on Wednesday they agreed to a partnership deal for connected car services that go beyond current navigation and infotainment offerings.
Citigroup Inc
A US appeals court on Wednesday revived a lawsuit in which South Korea's Woori Bank accused Citigroup Inc of defrauding it into buying risky mortgage securities that Citigroup was betting against, prior to the financial crisis.
Wednesday, April 22, 2015
BlackBerry
BlackBerry Ltd said on Tuesday it is acquiring privately-held US tech company WatchDox, which makes software that secures files, in a bid to further bolster its security credentials.
De Beers
An eye-popping, 100-carat diamond will be the highlight of a magnificent jewels sale in New York on Tuesday and could sell for up to US$25 million, Sotheby's auction house said.
The perfect classic emerald-cut D color diamond, which was mined by De Beers in southern Africa, is the largest to be offered at auction and one of only five of similar quality and size to ever to go under the hammer.
Tuesday, April 21, 2015
Capital Markets Union
Setting clear priorities would generate momentum for the European Union's "capital markets union" plan to lift growth, EU president Latvia has proposed.
The CMU project aims to increase the amount of funds raised by stock, bond and other markets for companies to grow. The 28-country bloc relies heavily on banks for funds, which has been difficult since the financial crisis as lenders focus on building up capital defences.
Cirque du Soleil
American private equity firm TPG and China's Fosun have bought a majority stake in Canadian entertainment juggernaut Cirque du Soleil for an undisclosed sum, the company announced Monday.
Monday, April 20, 2015
Bank Reserve Ratio
China's central bank announced on Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending.
The move, effective Monday, comes days after the world's second largest economy reported its worst quarterly growth figure for six years.
Volkswagen
Volkswagen is scrambling to develop budget sports utility vehicles (SUVs) and multi-purpose vehicles (MPVs) in China in a bid to keep up with shifts in the market, its China chief executive, Jochem Heizmann, said on Sunday.
Sunday, April 19, 2015
China Homes
Average new home prices in China's 70 major cities fell for the seventh consecutive month in March from a year earlier, down 6.1 per cent.
Samsung
Samsung has removed its corporate logo from its new smartphones sold in Japan, a company spokeswoman confirmed Saturday.
The name Samsung is missing on both the Galaxy S6 and its curved-edge variant, the Galaxy S6 Edge.
These models are presented as Docomo Galaxy and au Galaxy, carrying the names of its associated Japanese telecom service providers.
Samsung provided no reason why it kept the logo off in Japan.
Saturday, April 18, 2015
G20
The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday even as officials fretted that Athen's inability to strike a deal with its lenders could upset Europe's tentative recovery.
US Consumer Prices
US consumer prices rose for a second straight month in March as the cost of gasoline and shelter increased, signs of some inflation that should keep the Federal Reserve on course to start raising interest rates this year.
Friday, April 17, 2015
Bloomberry Resorts Corp
Bloomberry Resorts Corp plans to invest more than US$1 billion in an integrated casino complex in South Korea and is in talks with a potential Korean partner for the project, company chairman Enrique Razon said on Thursday.
Etsy Inc
Shares of Etsy Inc, an online marketplace for handmade goods and craft supplies, more than doubled in their debut on Thursday, valuing the company at about US$3.88 billion.
Thursday, April 16, 2015
US Homes
US homebuilder sentiment reversed a three-month slide in April and rose to its best monthly showing of 2015, the National Association of Home Builders said on Wednesday.
Huawei P8
China's Huawei unveiled its flagship P8 smartphone on Wednesday, a device that stacks up against the latest models from Samsung and Apple in technical specifications if not marketing budget.
Wednesday, April 15, 2015
Lending Club
Online credit provider Lending Club and Citigroup announced a US$150m venture on Tuesday to provide affordable credit to low-to-moderate income borrowers.
TrimTabs
Global equity mutual and exchange-traded funds have so far this year pulled in net inflows of US$81.5 billion, putting them on track to beat a four-month record high of US$86 billion set nine year ago, TrimTabs Investment Research said on Tuesday.
Tuesday, April 14, 2015
Opec
Opec has criticised unidentified non-member countries for their refusal to cooperate with the oil exporter group in propping up prices and repeated its call for them to do so.
Hanover Fair
A giant statue of an Indian elephant dominates the stand of German cable maker Lapp at this year's Hanover Fair, the world's largest industrial trade show, which opened on Monday.
Stuttgart-based Lapp and a host of other German industrial companies are lining up to tap into the growth potential of India, Asia's third-biggest economy, which is the partner country of this year's fair and is eagerly wooing foreign investors to help modernise its industry.
Monday, April 13, 2015
NTUC Fairprice White Sands
This morning, the female staff at the biscuits aisle
was so kind to point out the offer item to me.
For the same price, there is a free 100g of digestive cookies.
Thank you :)
Visits to Hong Kong
China will limit visits by residents of the city of Shenzhen to neighbouring Hong Kong, a politician and media said on Sunday, following recent tension in the former British colony over growing numbers of mainland visitors.
Elections in Japan
Japanese Prime Minister Shinzo Abe's ruling coalition on Sunday won local elections seen as a referendum on his efforts to boost the economy before upper house elections next year, news reports said.
Sunday, April 12, 2015
Ben and Jerry Free Cone Day
Yes it’s back again! Ben & Jerry’s annual affair of giving out free cones to everyone since 1979 is happening again next week on a Tuesday, 14 April 2015 at three locations in Singapore.
Queues are expected and the giveaway will start at 12pm at 313@Somerset, Vivocity and Dempsey outlets.
Blackstone Group
It took Blackstone Group less than four weeks after an approach from General Electric Co to clinch the biggest real estate deal since the financial crisis. Yet the seeds of that deal were planted seven years ago, during the crisis.
Pound
The pound slipped to an almost five-year low against the dollar as the UK election campaign entered its final month, with investors bracing for a contest that's set to be the tightest in a generation.
Saturday, April 11, 2015
Hong Kong
Hong Kong is set to overtake Japan as the world's third-largest stock market, spurred on by surging Chinese demand for shares in the former British colony.
Nokia and HERE
Shares in Finland's Nokia jumped 5 per cent after a report by Bloomberg News, citing unnamed sources, said the company was considering selling its maps business HERE.
Friday, April 10, 2015
Jobs in USA
The number of Americans filing new claims for jobless benefits rose less than expected last week and the four-week moving average hit its lowest level since 2000, suggesting an abrupt slowdown in job growth in March could be temporary.
Mediocre Economic Growth
Mediocre economic growth could become the "new reality," leaving millions stuck without jobs and increasing the risks to global financial stability, the head of the International Monetary Fund warned on Thursday.
Thursday, April 9, 2015
Shell-BG
Royal Dutch Shell said on Wednesday it had agreed to buy BG Group for 47 billion pounds (S$94.7 billion) in a bid to close the gap on the world's biggest oil major, US ExxonMobil.
Sprinklr
When social media software firm Sprinklr unveiled its latest funding last month, it vaulted into the club of "unicorns," or tech startups worth at least US$1 billion (S$1.4 billion).
Wednesday, April 8, 2015
Xiaomi
Chinese smartphone maker Xiaomi Inc has decided to sell devices through a leading electronics retail chain in India, part of its effort to move away from online-only sales and boost growth in the world's third-largest smartphone market.
Apple Inc
Apple Inc wants employees to encourage customers to order the new Apple Watch online and avoid a crush at its stores, according to a report by Business Insider.
Tuesday, April 7, 2015
National Housing Bank
China should establish a national housing bank to optimize use of the country's housing provident funds, which have over 3.7 trillion yuan (S$825 billion) at their disposal, according to an article written by an official with Ministry of Housing and Urban, Rural Construction.
US Services Sector
The pace of growth in the US services sector fell in March to its lowest level in three months but exports rose to the highest level in over two years, according to an industry report released on Monday.
Monday, April 6, 2015
US Employers
After turning a deaf ear to pressure for years, US businesses are digging into their pockets to improve the lot of the lowest-paid workers, but also their own images.
Faced with a mounting campaign to address a growing gap between the rich and the poor, and complaints that low wages leave workers dependent on state handouts, some of the largest US employers have announced sweeping wage increases in recent weeks.
After department store Walmart and clothing chain The Gap said they would raise worker pay, fast food giant announced a hike for 90,000 of its workers.
Japanese Manufacturers
Like Daikin, a number of Japanese manufacturers are shifting production back to Japan from China and elsewhere to take advantage of a weaker yen. Rival Panasonic has pulled back some production of room air-conditioners, Sharp has brought back production of some refrigerators, and Canon has repatriated some output of high-end copiers, according to a list compiled by Nomura.
Sunday, April 5, 2015
Suzuki
Japanese automaker Suzuki plans to invest tens of millions of dollars to build a second plant in Myanmar, seeking to make quick inroads in the country's growing market, a report said Saturday.
Google Inc
Plaintiffs in an antitrust lawsuit against Google Inc on Friday withdrew their case accusing the search engine company of harming smartphone buyers by forcing handset makers using Android operating system to make Google's own applications the default option.
Saturday, April 4, 2015
Malakoff
Corston Smith Asset Management, Eastspring Investments and Malaysia's Pilgrims Fund Board have emerged as cornerstone investors in the RM2.74 billion (S$1.01 billion) listing of Malaysia's largest independent power firm, Malakoff Corporation Bhd, according to two sources with direct knowledge of the flotation.
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