FRANKFURT • German sportswear company Adidas plans to sell its Reebok division, Germany’s Manager Magazin has reported, as the group seeks to put an end …
Goldman Sachs to pay S’pore Govt $165m for role in 1MDB scandal
Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond offerings corruption …
STI ends week higher, in line with Wall Street
Local shares ended the week on a high, in tandem with Wall Street stocks that rose on hopes of a stimulus package. Market watchers noted …
Nanofilm IPO shares priced at $2.59; Temasek to take substantial stake
Nanofilm Technologies, a spin-off company of Nanyang Technological University (NTU), lodged its final prospectus yesterday, offering 77.2 million shares at $2.59 each for placement in …
Mastercard, MatchMove, Idemia to pilot fingerprint biometric card in Asia
Keying in a personal identification number (PIN) or signing a credit card bill may be a thing of the past if consumers take to a …
Embattled PM Muhyiddin invokes emergency plan to stay in power
KUALA LUMPUR – Embattled Malaysian leader Muhyiddin Yassin has weathered a seemingly unending storm since being sworn in as Prime Minister on March 1. In …
Singapore private home prices rise by faster 0.8% in Q3, rents dip 0.5%: URA
SINGAPORE – Private home prices in Singapore rose 0.8 per cent in the third quarter from the previous three months, according to final data from …
Adidas plans to sell ailing Reebok business within months
FRANKFURT (REUTERS) – German sportswear company Adidas is planning to sell its Reebok division, Germany’s manager magazin reported on Thursday (Oct 22), as the group …
Understanding Goldman Sachs’ role in the 1MDB mega scandal
KUALA LUMPUR (REUTERS) – Goldman Sachs on Thursday (Oct 22) reached a deal to settle a probe into the bank’s role in Malaysia’s 1MDB corruption …
Singapore fines Goldman Sachs $165 million over 1MDB corruption scandal
SINGAPORE – Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond …
Business Briefs: CapitaLand Mall Trust
CapitaLand Mall Trust CapitaLand Mall Trust’s (CMT) distribution per unit rose 1.3 per cent to 3.1 cents for its third quarter ended Sept 30, from …
Sri Lanka parliament gives President Rajapaksa sweeping powers
COLOMBO (AFP) – Sri Lanka’s parliament on Thursday (Oct 22) voted to give President Gotabaya Rajapaksa widespread powers to appoint top officials and dissolve the …
Alibaba will buy a fifth of shares in Ant Group’s $48 billion IPO
HONG KONG (BLOOMBERG) – Alibaba Group Holding has agreed to subscribe to more than a fifth of Ant Group’s imminent initial public offering, propping up …
Suntec Reit Q3 DPU falls 21.9% to 1.848 cents
SINGAPORE (THE BUSINESS TIMES) – Suntec Real Estate Investment Trust (Suntec Reit)’s distribution per unit (DPU) fell 21.9 per cent to 1.848 cents for its …
CapitaLand Mall Trust posts 1.3% rise in Q3 DPU to 3.1 cents
SINGAPORE (THE BUSINESS TIMES) – CapitaLand Mall Trust’s (CMT) distribution per unit rose 1.3 per cent to 3.1 cents for its third quarter ended Sept …
Tesla profit doubles as electric car deliveries surge
NEW YORK (AFP) – Tesla on Wednesday (Oct 21) said profits in the past quarter more than doubled as the electric car giant forecast deliveries …
Bitcoin surges past US$13,000 after PayPal embrace
NEW YORK (BLOOMBERG) – Bitcoin surged past US$13,000 (S$17,620) for the first time since July 2019 after PayPal Holdings announced it will allow customers to …
Melbourne suburbs on alert as new Covid-19 case sparks outbreak fears
SYDNEY (REUTERS) – Residents in five suburbs in Australia’s second-largest city have been put on alert and people living in a public housing block urged …
Umno calls for ceasefire in PN, a week after threat to pull out
The biggest party in Malaysia’s Perikatan Nasional (PN) ruling coalition – Umno – yesterday called for a political ceasefire, about a week after it threatened …
Victoria halts second wave, but strict curbs criticised
The Australian state of Victoria has finally brought its second wave of Covid-19 cases to an end, becoming one of the world’s more successful governments …