Industrial & Commercial Bank of China<1398><601398>, the world's largest lender by market value, is likely to receive a banking permit from the government of Malaysia during Chinese President Hu Jintao's visit to Kuala Lumpur next week, the Straits Times reported yesterday.The permit will enable ICBC, the...
NEW YORK, Sept 10 - Gold broke through the $1,000-an-ounce barrier this week, and many on Wall Street believe it can keep going higher. Traditionally, investors have viewed gold as a "safe haven" in times...
SINGAPORE, Aug 1 - Singapore Airlines, the world's second largest airline by market value, has no plans to cut jobs or further reduce flights, its chief executive said, according to a Straits Times newspaper report...
Temasek Holdings Pte Ltd, Singapore's sovereign wealth fund, has purchased US$600 million worth of shares in China Construction Bank Corp (CCB)<601939><0939> from the capital-squeezed Bank of America (BOA), the Straits Times reported on Thursday. Last week, BOA raised US$7.3 billion through...
KUALA LUMPUR, April 23 - New Straits Times Press Bhd OSK downgrades call on NSTP <NSTP.KL> to sell from neutral given the 19 percent rise in its share price over the past month, surpassing the...
Singapore The Straits Times (independent), Nov. 2: The last great period of globalization a century ago was ended by the onset of world war and a century-long struggle between political ideologies. It was not inconceivable that the hijacking of four airliners could prove as consequential as the assassination of an Austrian archduke.
At a time when global financial risks seem larger by the day, there's one risk that's receding: tension across the Taiwan Strait. Yesterday China and Taiwan agreed to open new air, sea and postal links....
TAIPEI --Taiwan and China agreed that earnings generated by shipping companies using direct links across the Taiwan Strait will be exempt from business tax and income tax, the Commercial Times reported Tuesday, without citing sources....
SINGAPORE, Oct 15 - The Monetary Authority of Singapore (MAS) may guarantee all Singapore deposits to ensure local banks are not disadvantaged by similar moves in other countries, the Straits Times reported on Wednesday quoting...
SINGAPORE, Sept 11 - Singapore Exchange <SGXL.SI> will add planter Golden Agri-Resources <GAGR.SI> and conglomerate Jardine Matheson Holdings <JARD.SI> as component stocks to its benchmark Straits Times index <.FTSTI>, the firm...