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Exports from Singapore jump
SINGAPORE: Singapore’s exports in December jumped for a second month thanks to solid shipments to China in a tentative sign of recovery for the external sector, but analysts were cautious about the outlook amid protectionist concerns stoked by incoming US President Donald Trump. Non-oil domestic exports (NODX) rose 9.4 per cent last month from a year earlier, the trade agency International Enterprise Singapore said in a
Hyundai Motor Group to boost US investment
SEOUL: The Hyundai Motor Group said it plans to lift US investment by 50 per cent to $3.1 billion over five years and may build a new US plant - the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports. Under pressure to deliver on campaign promises to revive US industrial jobs, Trump has warned of a 35 per cent tax on vehicles imported from Mexico where many automakers have
Core orders for Japanese machinery fall on demand uncertainty
TOKYO: Core orders for Japanese machinery fell in November at their fastest in seven months, a sign companies may be deferring capital expenditure as uncertainty over the incoming Trump Administration’s trade policies and global demand worries take hold. Core orders, a highly volatile data series regarded as a leading indicator of capital expenditure, fell 5.1 per cent in November from the previous month, Cabinet office data
Rio Tinto’s strong dividend hopes brighten on good outlook
SYDNEY: Global miner Rio Tinto could be in a position to reward shareholders with a strong dividend hike or even a share buyback next year as it benefits from a sharp rise in metals prices, fund managers and analysts said on Tuesday. Rio Tinto’s decision last year to pursue ‘value over volume’ at its mines to ensure maximum shareholder returns has put the world’s second biggest mining company at the forefront of the commodities
Kenya’s economy to grow at slower pace this year: IMF
NAIROBI: Kenya’s economic growth rate will slow in 2017, from about 6 per cent last year, due to sluggish credit growth and as investors take a wait-and-see attitude before a presidential election in August, a senior IMF official said on Monday. Armando Morales, the International Monetary Fund’s representative in Kenya, said growth is likely to remain within the 5-6 per cent range of the past five years, despite the slowdown.
Lindt expects profit boost from lower tax rate
ZURICH: Swiss chocolate maker Lindt & Spruengli boosted its share of a stagnating market in 2016 thanks to solid showings in Europe, Japan and Brazil, it said on Tuesday. Overall sales grew 6.8 per cent to 3.90 billion Swiss francs ($3.87 billion), in line with the average estimate of 3.89 billion francs in a Reuters poll of eight analysts. Organic sales — stripping out currency moves — grew 6.0 per cent, within its target
Michigan needs to spend more on infrastructure
Gov. Rick Snyder will address Michigan’s crumbling infrastructure at his seventh State of the State address at the Capitol, as he continues to grapple with the Flint drinking water crisis and confronts a new emergency with a Macomb County sinkhole — nearly the size of a football field - that is swallowing homes in Fraser. Snyder is expected to call for action on at least one recommendation from his recent 21st Century
United Capital trying to become a tech company
LOS ANGELES: The gig: Joe Duran is the founder and chief executive of United Capital, a wealth management firm that’s trying to become as much a tech company as an investment shop. The company, based outside Los Angeles, manages money but describes itself as a “financial life management” firm — one that invests clients’ cash and also uses online tools to analyse their goals and habits to develop financial plans. The firm
Financial security may be out of reach for millennials
LOS ANGELES: Millennials are on shaky ground, struggling to gain the same financial security afforded to their parents, new data analysis suggests. When baby boomers were young adults, their net worth was double that of today’s young people, who earn $10,000 less than their counterparts did in 1989, according to findings from advocacy group Young Invincibles. Its analysis of Federal Reserve data comparing 25- to 34-year-olds
Bollywood actor Salman Khan acquitted in Arms Act case
JODHPUR: Bollywood actor Salman Khan was on Wednesday acquitted by a c..
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Tennis: Wawrinka recovers poise with classy win
MELBOURNE: Stan Wawrinka got his Australian Open campaign back on trac..
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China tells local meteorological bureaus to stop smog alerts
BEIJING: China is suspending local meteorological bureaus from issuing..
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Czech fugitive wanted for spreading HIV held in Thailand
BANGKOK: A Czech fugitive wanted in his homeland for knowingly spreadi..
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'Japan will work to minimise Brexit impact on Japan firms'
TOKYO: Japan will work with Britain and the European Union to minimise..
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Zuckerberg denies stealing Oculus technology
NEW YORK: Facebook CEO Mark Zuckerberg has denied the allegations of s..
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Gigi Hadid sparks engagement speculations
LOS ANGELES: Model Gigi Hadid has sparked speculations that she may ha..
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Australia on the defensive offers hope of new MH370 hunt
MELBOURNE: Australia’s transport minister Wednesday defended the suspe..
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Trump team takes out inaugural ads on social media
WASHINGTON: Donald Trump has been tweeting that his inauguration will ..
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Australia names first indigenous minister
SYDNEY: Australia on Wednesday appointed its first indigenous minister..
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