Markets

Singapore cracks down on ‘shoe-box’ units

By BLOOMBERG
SINGAPORE • Singapore has cracked down on the number of “shoe-box sized” apartments developers can build, in another blow to ...

Japan’s September exports unexpectedly fall

By BLOOMBERG
TOKYO • Japan’s exports unexpectedly fell in September — the first drop in almost two years — as natural disasters disrupted economic ...

MyEG, Datasonic heavily traded after being implicated in Zahid’s graft charges

by BERNAMA / graphic by TMR
Shares in MyEG Services Bhd and Datasonic Group Bhd were heavily traded in the afternoon on news report that both ...

Bank of Korea holds fire on rates as risks to economy grow

By BLOOMBERG
SEOUL • The Bank of Korea (BoK) left its key interest rate unchanged, citing an escalating US-China trade war as among rising risks to ...

Akzo pushes ahead with cost savings as raw materials soar

By BLOOMBERG
AMSTERDAM • Akzo Nobel NV is intensifying efforts to lower costs as the Dutch paint and coatings maker grapples with rising prices for raw ...

London homebuilder’s profit warning shows property market on shaky ground

While new homes have been insulated by govt incentives, London’s 2nd-hand market has been suffering on the back of tax rises
...

Uber boosts bond sale to RM8b as orders swell

By BLOOMBERG
NEW YORK • Uber Technologies Inc increased the size of its debut bond offering as orders for the private placement swelled in a market ...

Digital wealth manager eyes Malaysia entry

By MARK RAO
Stashaway, an online investment management company headquartered in Singapore, aims to facilitate low- entry cost investments into capital ...

UK wage pick-up takes back seat to Brexit for BoE

By BLOOMBERG
LONDON • The fastest wage growth in almost a decade is a sign that inflation pressures are building, but the Bank of England (BoE) may not ...

Blackstone, other investors mull GEMS stake sale

By BLOOMBERG
LONDON • Blackstone Group LP and other investors in GEMS Education are weighing the sale of a 25% stake in the Dubai-based school operator ...

Temasek in talks for stake in China’s Anbang

By BLOOMBERG
SINGAPORE • Singapore’s state investment firm, Temasek Holdings Pte Ltd, has held talks with Chinese authorities about acquiring a stake ...

Low-budget units boost Mumbai home sales

By BLOOMBERG
SINGAPORE • Home sales rose 9% across India’s seven biggest cities in the third quarter (3Q), boosted by low-budget apartments, according ...