Business
US Fed likely to reduce stimulus this year: Bernanke
WASHINGTON — Federal Reserve Chairman Ben Bernanke said yesterday (this morning, Singapore time) that the United States economy is expanding strongly enough for the central bank...
Shoebox flat yields under pressure
SINGAPORE — While “shoebox” flats have generally been attractive investments given their higher rental yields compared with other properties, analysts are warning that this may...
Not so tiny any more
SINGAPORE — Mr David Kwok is surrounded by the future. He juggles an Android tablet with a three-dimensional screen and a pair of 3D goggles from Sony, showing off products that...
AirAsia reaching out to heartlands to boost growth
SINGAPORE — AirAsia’s relative lack of popularity among Singaporeans means it has the potential to further expand its business here, even after launching five new destinations...
Japan’s exports surge on weaker yen
TOKYO — Japan’s exports rose last month at the fastest annual rate in more than two years with the help of a weak yen and a moderate pick-up in global demand, boding well for...
GIC and partner to sell Springer Science for S$5.5b
FRANKFURT — The Government of Singapore Investment Corp (GIC) and Swedish buyout firm EQT Partners have agreed to sell German academic publisher Springer Science+Business Media...
S’pore millionaires up by 10%
SINGAPORE – The number of millionaires in Singapore increased 10.3 per cent to reach 101,000 last year, revealed a new wealth report by Capgemini and RBC Wealth Management.
FedEx Q4 profit drops as priority services lag
DALLAS – FedEx said Wednesday its fourth-quarter profit fell 45 per cent as international customers traded down to less-expensive delivery options, and that it plans to further...
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