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US airlines may soon face cash penalties for delayed flights
WASHINGTON – If you have flown domestic in the United States in the last four years, you have likely faced at least one or two flight delays or…
MAS reprimands CEO of formerly registered insurance broker for breaching regulations
SINGAPORE – The Monetary Authority of Singapore (MAS) said on Sept 10 that it reprimanded the chief executive of formerly registered insurance…
Investors increasingly spreading their wealth amid global uncertainties
SINGAPORE – Investors are increasingly spreading their assets across various markets to reduce risk from global uncertainties, which presents more…
China property shares plunge after removal from Stock Connect
BEIJING – Shares of some Chinese developers dropped in Hong Kong after they were made inaccessible to investors in the mainland, marking another…
Uber kicks off its first bond sale as investment-grade firm
Uber Technologies Inc is tapping the US investment-grade bond market for the first time since it attained blue-chip status.
The ride hailing service…
China considers allowing refinancing on $7 trillion in mortgages
BEIJING – China is considering allowing homeowners to refinance as much as US$5.4 trillion (S$7 trillion) in mortgages to lower borrowing costs for…
Singapore concludes bilateral digital trade deal with European Union
SINGAPORE – The European Union and Singapore concluded their negotiations on a digital trade agreement in Belgium’s capital Brussels on July 25.
The…
Seatrium bags $180 million in repair and upgrade projects
SINGAPORE – Offshore and marine specialist Seatrium has secured $180 million worth of contracts to repair and upgrade various kinds of vessels, said…
Former Swiber director fined $310,000 for false project announcement
SINGAPORE – Yeo Chee Neng, former chief executive officer of insolvent offshore oil and gas services contractor Swiber, has been fined $310,000 in…
US stocks advance after cooler jobs report
NEW YORK – The S&P 500 and Nasdaq logged fresh highs on July 5 after official data showed the US labour market cooling steadily – raising…