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Addison Lee lenders battle for steering wheel of taxi giant
Lenders to the London-based minicab giant have hired advisers ahead of a potential financial restructuring, Sky News learns.…
Singapore keeps top spot in Asia for protection of intellectual property rights
This year's International Property Rights Index placed Singapore among the top countries under the three core categories: physical property rights, IP rights and the legal and political environment to enforce these rights.SINGAPORE…
Revealed: The winners and losers on the UK’s high streets
Funeral directors and tattoo parlours are thriving - moving high streets away from being "carbon copies" of one another.…
Be in the know about critical illness plans
Hospital bills are covered by a hospitalisation and surgical plan. To qualify for a lump sum payout upon diagnosis of a critical illness, you have to buy a critical illness plan.Navigating through the wide variety of life insurance…
Ex-Treasury mandarin Kingman to chair Tesco Bank
Sir John Kingman will be appointed to the board of the supermarket's banking arm later this month, Sky News learns.…
US stocks gain as jobs data eases recession fears
Video of Jobs data drives stocks higherTraders and financial professionals work on the floor of the New York Stock Exchange, Oct 3, 2019.NEW YORK (AFP) - Wall Street stocks finished a volatile week solidly higher…
Higher insurance prices for loyal customers could be banned
The Financial Conduct Authority says changes are needed to help the six million policyholders who pay high prices.…
HP to cut up to 9,000 jobs amid print unit woes
The job reductions will help save about US$1 billion by the end of fiscal 2022, HP said in a statement on Thursday.SAN FRANCISCO (BLOOMBERG) - HP Inc will slash as much as 16 per cent of its workforce as part of a broad…
Recession fear as Brexit blamed for services sector slump
Business survey figures suggest that the economy shrank by 0.1% in the three months to September - a second consecutive decline.…
Lendlease Global Reit jumps 6.8% on SGX trading debut
The Singapore Exchange Centre in Shenton Way.SINGAPORE - Units of Lendlease Global Commercial Reit (Lendlease Global Reit) made a stellar debut on the Singapore Exchange's main board on Wednesday afternoon (Oct 2).
Shortly after…
US cleared to impose tariffs on EU goods in Airbus trade dispute
A new front in Donald Trump's trade war could open up as the US is allowed to impose tariffs on EU goods after a 15-year battle.…
Bank of England rate-setter eyes cut on ‘slow puncture’ Brexit
The Brexit-hit pound takes another beating as a policymaker says he could opt for a rate cut to help prop up economic activity.…
Pavilion Energy powers up globally with new Europe HQ
Pavilion Energy group chief executive Frederic Barnaud (above) sees the Singapore market as an important one as it has a location advantage for trading. The BW Pavilion Aranda is a vessel that Pavilion Energy will charter on a…
‘Boris Bus’ maker to crash into administration
Deloitte will be appointed as administrator to Wrightbus on Wednesday, putting 1300 jobs at risk, Sky News learns.…
Traders in trouble: How does Mitsubishi’s $441m loss stack up?
(Clockwise from top left) Rogue traders Nick Leeson, Chen Jiulin, Jerome Kerviel and Kweku Adoboli(REUTERS) - Mitsubishi Corp said on Friday (Sept 20) that a rogue trader at its Singapore-based unit had lost the company US$320…
Thomas Cook collapse: Holidaymakers’ return to take two weeks
The Civil Aviation Authority launches the UK's biggest ever peacetime repatriation to bring more than 150,000 holidaymakers home.…
Fed jumps into money markets to push down rates, a first since financial crisis
A man walks past the Federal Reserve Bank of New York.NEW YORK (BLOOMBERG) - The Federal Reserve took action to calm money markets on Tuesday (Sept 17), injecting billions in cash to quell a surge in short-term rates that was…
UK falls behind G7 rivals on work automation planning
A business and energy select committee report says UK progress is 'not fast enough', as entire regions risk being left behind.…
Oil prices fall 6% after historic surge as Saudis signal output to be fully restored soon
An Aramco oil facility at the edge of the Saudi capital Riyadh.NEW YORK (BLOOMBERG) - Oil sank from a 3½-month high on Tuesday (Sept 17) amid signs Saudi Arabia is restoring production after a debilitating weekend attack on key…
Slide in Singapore non-oil exports slows to 8.9% drop in August
Exports to the majority of Singapore's top markets fell, except for China. ST PHOTO: KUA CHEE SIONGPublished11 hours agoMore
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