Markets

JAKARTA: Indonesia's economy grew slower than expected in the first quarter, official data showed Monday (May 6), as exports contracted for the first time since 2016 owing to softer demand for key commodities. Southeast Asia's biggest economy expanded 5.07 per cent in January-March, nearly flat ...

PANAMA CITY: Panama's president-elect, Laurentino "Nito" Cortizo, said the United States should pay more attention to Central America or risk losing ground to China, which has won diplomatic support and increased its investment in the region in recent years. Cortizo, of the centre-left Democratic ...

WASHINGTON: President Donald Trump dramatically increased pressure on China on Sunday to reach a trade deal, saying he would hike U.S. tariffs on US$200 billion worth of Chinese goods this week and target hundreds of billions more soon. The move marked a major escalation in tensions between the ......

UNITED Overseas Bank (UOB) has launched an online utility marketplace that aggregates deals from utility providers, as Singapore's local banks compete to entrench themselves in customers' lifestyles. 

BEIJING: China's central bank said Monday (May 6) it would cut the amount of cash that small and medium-sized banks hold in reserve in Beijing's latest move to boost the stuttering economy. Authorities will slash the reserve requirement ratio (RRR) on May 15, with the aim of lowering financing...

Asian equities tumbled, oil prices plunged and the safe-haven yen strengthened early on Monday as trade negotiations between China and the United States deteriorated suddenly, reversing apparent progress made in recent months.

SHANGHAI: China's key stock indices plunged more 5 per cent on Monday (May 6) after US President Donald Trump threatened to hike tariffs on Chinese imports, potentially derailing high-level trade talks as they enter their final phase. The benchmark Shanghai Composite Index ended the morning ...

SINGAPORE: Mediacorp's proprietary data analytics platforms MeID and RIPPLE won nine awards at the Global BIGGIES Awards competition in San Francisco last Thursday (May 2). The competition recognises the best practices in data and artificial intelligence (AI) initiatives by media companies around ...

SINGAPORE: Isetan Singapore will not renew the lease for its "loss-making" store at Westgate mall, the company announced in an SGX filing on Monday (May 6) before the market opened. The Japanese department store operator said its lease with JG Trustee (JGT) will expire on Dec 22 this year, after...

PARIS: A decade after a wave of suicides at France Telecom in which 35 employees took their own lives, the telecoms giant and its former CEO go on trial Monday (May 6) for "moral harassment". The case will look at what was behind the deaths that occurred between 2008...