Saturday, October 31, 2015
Gold
Gold dropped to the lowest in more than two weeks after the Federal Reserve signaled that an increase in interest rates is still on the table for this year.
Chevron
US oil giant Chevron said Friday it was going to cut between 6,000 and 7,000 jobs and continue with asset sales as the company retrenches amid sharply lower oil prices.
Apple Inc
Tech giant Apple, which has just announced an analysts-beating fourth-quarter profit of US$11.1 billion, is in expansion mode in Singapore. In addition to reports of plans for its first Singapore store at Knightsbridge mall, it is said to be leasing a chunk of business park Fusionopolis Two Tower.
Friday, October 30, 2015
Crude Oil Futures
Crude oil futures fell on Thursday as the dollar strengthened on signs the Federal Reserve may raise US interest rates in December.
Power Utilities in USA
Power utilities hungry for growth are offering top dollar to buy natural gas pipeline networks across the US. But they're drawing the line at the master limited partnerships that have lost almost 40 per cent of their value in the past year.
Public Transport System in Singapore
Privatisation of Singapore's public transport system has gone "too far", and the system should be run by the government instead of private operators, a leading academic said on Thursday.
In doing so, Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy, called on Singapore to not be "a prisoner of old economic ideas", and have the "political courage" to make changes to the idea of the role privatisation plays in the country's economy.
Thursday, October 29, 2015
Smartphone
The smartphone is the tech story for Americans these days: most adults have one, and growth has overshadowed that of all other electronic gadgets.
A Pew Research Center report released Thursday found 68 per cent of Americans use a smartphone, compared with 35 per cent in 2011.
China's Growth
China's economy could overshoot the International Monetary Fund's forecast and grow close to 7 percent this year although the outlook for the medium term is more uncertain, a senior IMF official said on Wednesday.
Work Permit in Indonesia
Three months after introducing onerous work permit rules on foreign professionals heading to Indonesia and offshore directors of local companies, Jakarta has reversed course and scrapped some of the more cumbersome requirements.
Wednesday, October 28, 2015
Ford Motor Co
Ford Motor Co reported sharply higher quarterly profit on Tuesday, driven by its record quarterly performance in North America, but the automakers'shares fell 5 per cent after its results fell short of Wall Street estimates.
ABN Amro
Dutch bank ABN Amro confirmed on Tuesday plans to sell the first of its state-owned shares in an initial public offering later this year, seven years after a multi-billion state-sponsored bailout.
Vehicle Software
Car owners and security experts can tinker with automobile software without incurring some US copyright liability, according to new guidelines issued this month that had been opposed by the auto industry.
Tuesday, October 27, 2015
Qunar and Ctrip
Two of China’s largest online travel firms have agreed a share swap and partnership deal to create the country’s biggest Internet travel service, Bloomberg News reported Monday.
Internet giant Baidu, which controls the online travel site Qunar, will own 25 percent of rival Ctrip, Bloomberg cited a company statement as saying.
Sharp Inc
Embattled Japanese electronics giant Sharp on Monday warned it was on track to lose nearly US$700 million in the half-year through September owing to a slump in demand for its smartphone screens.
New Home Sales in USA
New US single-family home sales fell to near a one-year low in September after two straight months of gains, suggesting a temporary cooling in the market for new houses.
Monday, October 26, 2015
Rolls-Royce
Manufacturing giant Rolls-Royce opened the new Asia headquarters of its engine-manufacturing subsidiary MTU here on Friday, with the aim of strengthening its land and sea operations in the region, and help it tap the region's growth.
Volkswagen
Volkswagen may offer VW owners in Germany discounts on new cars if they turn in certain old models affected by the emissions scandal that has rocked Europe's biggest carmaker, German news agency DPA reported on Sunday.
Special Drawing Rights
International Monetary Fund (IMF) representatives have given China strong signals that the yuan is likely to soon join the fund's basket of reserve currencies, known as Special Drawing Rights, Chinese officials with knowledge of the matter told Bloomberg News this week.
Sunday, October 25, 2015
Facebook Inc
It is another first for Facebook Inc's stock: a third digit.
Already the fastest company ever to reach US$250 billion in market value, the social network operator has jumped over US$100 a share, capping a 476 per cent rally since September 2012 for the third-best performance in the Standard & Poor's 500 Index.
Microsoft Corp
Microsoft Corp reached a 15-year high after profit exceeded analysts' estimates, buoyed by demand for Internet-based programs that handle business tasks and host companies' applications.
Toshiba Corp
Toshiba Corp is in late-stage talks to sell its image sensor business to Sony Corp. in a deal valued at about 20 billion yen (S$230 million), the Nikkei newspaper reported.
Saturday, October 24, 2015
Twitter Inc
Twitter Inc Chief Executive Jack Dorsey said he is giving a third of his stock in the company, about 1 per cent, to the employee equity pool.
Apple in China
US technology giant Apple will continue to invest in China despite slowing growth in the world's second-largest economy, chief executive Tim Cook told state media, as the company prepares to open its newest store in the mainland.
Federal Funds Rates
For much of this year, the conventional wisdom on Wall Street has been that after seven years of loose monetary policy under which short-term interest rates were pushed to near zero, the US Federal Reserve would take the first steps towards raising the federal funds rates before end-2015.
Friday, October 23, 2015
Volkswagen
Volkswagen AG will need hardware fixes for about 3 million cars in Europe affected by the diesel-emission manipulations as the region's largest automaker scrambles to meet demands from regulators.
United Airlines
United Airlines parent United Continental reported Thursday third-quarter profit that missed estimates as the strong dollar pulled down revenues.
USA Home Resales
US home resales rose more than expected in September to the second highest monthly sales pace since February 2007, suggesting the housing market continues to show strength compared to the rest of the economy.
Thursday, October 22, 2015
Honda
Honda said Wednesday it would put a commercialised self-driving car on the road by 2020, challenging rivals Toyota and Nissan which are also betting on the future of autonomous vehicles.
Boeing
Boeing earnings soared in the third quarter and the company hiked full-year forecasts on Wednesday as aircraft deliveries picked up to record levels on its huge backlog of orders.
Bahri
National Shipping Company of Saudi Arabia (Bahri) is in talks with banks to raise around 2.8 billion riyals (US$747 million) from a long-term loan to be used towards vessel financing, two sources aware of the matter said on Wednesday.
Wednesday, October 21, 2015
COE 21 October 2015
Category A - for cars below 1,600cc or 130 hp - climbed S$1,300 to S$57,301, while Cat B - for cars above 1,600cc and 130 hp - increased by S$1,699 to S$59,889.
Cat E - the open category which currently tracks Cat B - was S$1,199 higher at S$60,000.
Cat D - for motorcycles - inched up S$101 to S$6,302. Only Cat C - for goods vehicles - slipped; it was S$2,587 lower at S$42,303.
Google Inc
Google Inc is making its first direct investment in a Chinese firm, an artificial-intelligence startup, since mostly quitting the country in 2010 over censorship concerns.
IBM
Shares of International Business Machines Corp hit a five-year low on Tuesday, a day after the company's lacklustre results and forecast showed that it would be a while before its focus on lucrative cloud computing business makes up for revenue lost to divestitures.
Ferrari
Luxury carmaker Ferrari's initial public offering could be priced as high as US$53 per share, CNBC reported, citing sources.
Tuesday, October 20, 2015
Nordic Group
Nordic Group's wholly owned subsidiaries have secured new orders worth S$4.1 million.
They include contracts and letters of confirmation from repeat customers for jobs that are expected to be completed by second quarter of next year. The works involve supplying and installing valve remote control systems, tank gauging systems and anti-heeling system.
Amazon
Amazon on Monday renewed its criticism of a New York Times investigation of the US online giant's workplace, saying the newspaper ignored and omitted key facts about the company.
Monday, October 19, 2015
Credit Suisse
Look for euro weakness next week, according to Credit Suisse Group AG.
That's because Mario Draghi, the European Central Bank president, is expected to signal further monetary easing by the central bank at its Oct 22 meeting in Malta, according to Credit Suisse, the top major currency forecaster for the four quarters ended June 30, according to Bloomberg rankings. The shared currency stalled last week after gaining for the previous two amid growing speculation that the US Federal Reserve won't increase interest rates any time soon.
Drones in USA
The US government will announce a new plan requiring anyone buying a drone to register the device with the Transportation Department, NBC News reported on Friday, citing unnamed sources.
China's Growth
A "sluggish" world economy is weighing on China's growth, President Xi Jinping said in an interview with Reuters ahead of his visit to the UK and the publication of his nation's third-quarter figures for gross domestic product.
Sunday, October 18, 2015
Gold
Gold prices slipped on Friday as a recovering dollar pulled them off a 3-1/2 month high, but the metal still eked out a weekly rise after gaining in recent sessions on bets against a US interest rate hike.
Migrants
Croatia said it expected to transport at least 2,400 migrants to its frontier with Slovenia on Saturday after Hungary closed its border overnight, forcing thousands to seek new routes to northern Europe.
Koppu
Philippine authorities cancelled flights and urged residents and tourists to move to safer ground on Saturday as powerful typhoon Koppu approached northeastern parts of the main island of Luzon.
Saturday, October 17, 2015
Nestle
Nestle, the world's largest packaged food company, lowered its full-year outlook on Friday, as a Maggi noodle recall in India knocked sales and undercalculated US Skin Health rebates weighed on the Swiss company's profits.
Maersk
Port operator APM Terminals, part of Denmark's A.P. Moller-Maersk said on Friday it has agreed to buy the remaining 39 per cent of Grup Maritim TCB and be sole controlling shareholder of the company which operates 11 container ports.
Hapag-Lloyd
Container shipping group Hapag-Lloyd has received bids for all of the shares on offer for its planned stock market flotation on Oct 30, a person familiar with the deal said. "Books are fully covered including greenshoe (overallotment option)," the source said on Friday.
Friday, October 16, 2015
Citigroup
US banking giant Citigroup reported a big jump in quarterly earnings on Thursday, as lower expenses more than compensated for weakness in bond trading and some other businesses.
Volkswagen
German auto giant Volkswagen said Thursday it will recall a total of 8.5 million diesel vehicles Europe-wide that are equipped with sophisticated software enabling their engines to cheat pollution tests.
Boeing
US aerospace giant Boeing said on Thursday that Taiwan's EVA Airways plans to buy up to 26 jetliners, valued at more than US$8 billion at list prices.
Thursday, October 15, 2015
Retail Sales in USA
US retail sales barely rose in September as cheaper gasoline weighed on service station receipts, but gains in purchases of automobiles and other goods pointed to solid domestic demand that could shield the economy from slowing global growth.
Chobani
US soda giants Coca-Cola and PepsiCo are among the companies competing for a minority stake in Greek yogurt maker Chobani, a person familiar with the process said Tuesday.
Twitter Inc said it appointed former Google executive Omid Kordestani as its executive chairman.
Wednesday, October 14, 2015
Latest on 1MDB
The Federal Bureau of Investigation and the US Department of Justice are examining Goldman Sachs Group Inc's role in allegations of corruption and money laundering at Malaysian state investor 1Malaysia Development Bhd (1MDB), the Wall Street Journal reported on Wednesday.
Inflation in USA
American consumers' expectations for inflation and spending growth fell last month to the lowest level in records going back to June 2013, according to a monthly Federal Reserve Bank of New York survey released on Tuesday.
Barclays
Troubled British bank Barclays is set to announce former JP Morgan banker James Staley as its new chief executive, indicating a renewed focus on its investment division, British press reports said Tuesday.
China's Middle Class
China's middle class has overtaken the United States to become the world's largest, Credit Suisse said Tuesday in its latest report on global wealth.
Asia will be the scene for the greatest expansion of the world's middle class, it predicted.
Tuesday, October 13, 2015
Reactions
Facebook will begin testing a new feature allowing users in Ireland and Spain to express a range of emotions on posts starting Friday - but there will be no "dislike" button, the social network said.
Facebook described the new "Reactions" options as an extension of the "like" button, to give people more ways to easily signal how they feel.
E-Commerce on Facebook
Facebook Inc wants its users to shop for clothes and other products from their mobile phones without ever leaving its app.
Dell Buys EMC
US stocks opened little-changed Monday as computer giant Dell announced it was buying data-storage giant EMC Corporation for US$67 billion.
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