(Reuters) – Fidelity Investments parent FMR LLC said its 2018 operating profit rose 18.6 percent to $6.3 billion as new products like no-fee index funds helped the Boston mutual fund firm counter falling markets and keep pace with bigger rivals. While total assets under management fell slightly, according to an annual report sent on Thursday […]
SINGAPORE – This year’s latest Budget has set aside money not just for short term needs, but also long term ones, stressed Second Minister for Finance and Education Indranee Rajah. Highlighting plans to transform businesses through embracing technology and life-long learning, Ms Indranee said these are part of long-term efforts to restructure the economy. “When […]
SINGAPORE – Indonesian President Joko Widodo on Thursday (Feb 21) flew to Singapore to visit former first lady Ani Yudhoyono, who has been receiving treatment for blood cancer at the National University Hospital (NUH). Mrs Yudhoyono, the wife of former president Susilo Bambang Yudhoyono, has been hospitalised in Singapore since Feb 2. Mr Joko was […]
KUALA LUMPUR – Malaysia is exploring new options to push down the cost of the China-backed East Coast Rail Line (ECRL), after an impasse over pricing nearly torpedoed the 688-km line spanning the width of the peninsula last month. The Straits Times understands that a new alignment was among solutions mooted soon after the Pakatan […]
LONDON (Reuters) – Trade talks between the world’s two biggest economies helped European shares rise on Wednesday, while the threat of a blocked merger sank shares in British supermarket Sainsbury’s and a money laundering scandal hit Swedbank. Germany’s trade-sensitive DAX led the way with a 0.8 percent gain and the pan-European STOXX 600 rose 0.7 […]
TOKYO (Reuters) – Sony Corp said on Thursday it will assign 40 percent of its new engineer hires in Japan over the next two years to the chip business which includes imaging sensors, as it looks for growth from new applications in everything from cars to phones. The allocation is in line with the company’s […]
FOLD ME CLOSE The smartphone race never ends and when it comes to foldable instruments, the Koreans are first off the block. South Korean electronics giant Samsung unveiled its most anticipated smartphone, the Galaxy Fold foldable smartphone, during a Wednesday media event at the Bill Graham Civic Auditorium in San Francisco. Trevor Tan says similar […]
SINGAPORE – A haw snack has been voluntarily recalled by its supplier here after a consumer claimed that she had bitten into a piece of glass while eating it. Mr Albert Goh, Sinhua Hock Kee Trading’s business development and marketing executive, told The Straits Times that it has asked supermarket chains to recall Train Brand […]
It’s not the most conventional journey, but some reports suggest that North Korean leader Kim Jong-un could soon be making his way to Vietnam by train, for an upcoming summit with US leader Donald Trump. If such a journey does take place, it’s expected to take at least two days and could see Pyongyang’s leader […]
NEW DELHI (BLOOMBERG) – Saudi Arabia’s Crown Prince Mohammed Bin Salman is set to arrive in China on Thursday (Feb 21) in the middle of a multi-country swing through Asia that may burnish his image abroad as ties with western leaders remain strained. The visit will include a meeting with President Xi Jinping and a […]