Singapore :: Singapore
| updated Sat Nov 28 16:59:23 -0800 2009
| business-news
But for all its faults it remains a rare oasis of Middle East moderation and progress Jack Hughes in Dubai Pakistani workers play cricket during a break on a Dubai building site. Photograph: Chris Jackson/Getty Images A yachtsman friend of...
A marine engineering company in Singapore has signed a multimillion dollar contract to lay pipeline off the shores of Burma next year. Swiber Holdings Limited announced in a statement Friday that an undisclosed Burmese oil company has agreed to pay...
The World Bank will start a trust fund to boost agriculture in poor countries with an initial $1.5 billion, its president Robert Zoellick said on Tuesday, warning of the risk of another food price crisis. Crop shortages in India and...
Asian currencies will need to appreciate in the post-financial crisis global landscape. According to investment house Schroders, this will be key to sustaining the global economic recovery. It believes that stronger Asian currencies will help boost overall global consumption and...
Oil prices rose more than 1% to move above $78 a barrel on Monday due to weakness in the dollar and signs of buoyant demand from China, the world's second largest energy consumer. Organization for Economic Co-operation and Development) remains...
At least two premier intelligence agencies have started investigations into some multi-million dollar oil and gas transactions, including the proposed setting up of 100 ‘autogas’ filling stations and furnace oil import. According to sources, a team of Inter-Services Intelligence (ISI)...
Singapore :: Singapore
| updated Sun Nov 22 19:15:55 -0800 2009
| business-news
Chieftain Capital Management Inc., an iconoclastic investment firm with a strong two-decade track record, is splitting up following personality conflicts among its leaders, according to people familiar with the matter. Co-founder Glenn Greenberg, who came into the headlines nearly two...
General Electric Co. and Vivendi SA are wrangling over a price difference of several hundred million dollars as the French conglomerate seeks to sell its minority stake in NBC Universal, according to people familiar with the matter. The talks have...
Singapore :: Singapore
| updated Sun Nov 22 05:25:14 -0800 2009
| business-news
Singaporean vehicle Cambridge Industrial Trust was stopped over the weekend by regulators from making a bid for MacarthurCook Industrial Trust. The backlash is likely to erupt today when MacarthurCook investors meet in Singapore to approve a refinancing by the NAB...
Finance ministers from the Asia Pacific Economic Co-operation group ended a meeting in Singapore with a strong endorsement of “market-oriented exchange rates that reflect economic fundamentals” but carefully avoided a confrontation with China over its currency peg to the US...
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