It means routes between the two countries – currently operating under the US-EU open skies treaty – will continue to enjoy the same access. America’s leading airlines have previously warned that flights could have been grounded if the UK left the EU’s open skies agreement without making new arrangements. The UK has also secured bilateral […]

SINGAPORE (Reuters) – Indonesian ride-hailing firm Go-Jek kicked off a trial launch in parts of Singapore on Thursday and plans to roll out an array of services through its app in early 2019, challenging dominant player Grab in the small city-state. Both Go-Jek and Grab are raising billions of dollars and investing aggressively in the […]

The owners of Beauty World Plaza are putting up the retail and residential development for tender with a reserve price of $165 million, marketing agent Knight Frank Singapore said yesterday. The 2,305.6 sq m site in Upper Bukit Timah comprises a single block with 61 retail and 30 residential units. Under the Urban Redevelopment Authority’s […]

WASHINGTON — The Trump administration reiterated on Wednesday its intention to raise tariffs on cars made in China, a move aimed at pressuring Beijing into easing trade restrictions on American companies ahead of President Trump’s meeting with President Xi Jinping of China this week. Robert E. Lighthizer, Mr. Trump’s top trade negotiator, said on Wednesday […]

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ Before stock investors decided that the Federal Reserve chairman was flagging the end of interest rate increases, the bond market was signaling the case for raising rates had weakened. A measure of investors’ expectation for […]

NEW YORK (Reuters) – Rising hopes that the United States and China could call a trade war ceasefire at the upcoming G20 summit boosted global stocks on Wednesday, but gains were held in check as investors looked ahead to a speech by Federal Reserve Chairman Jerome Powell. Meanwhile, safe-haven assets came under pressure with the […]

(Reuters) – U.S. stocks rose higher on Wednesday after Federal Reserve Chairman Jerome Powell said that the gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track. At 12:01 a.m. EDT the Dow Jones Industrial Average .DJI was up 303.60 points, or 1.23 percent, at 25,052.33, the S&P […]

NEW YORK (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday that while there was “a great deal to like” about U.S. prospects, the Fed’s gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track. “We know that things often turn out to be quite different […]

COPENHAGEN (Reuters) – Denmark’s state prosecutor has filed preliminary charges against Danske Bank (DANSKE.CO) for allegedly violating the country’s anti-money laundering act in relation to its Estonian branch. Denmark launched an investigation in August into the country’s biggest lender following concerns that transactions worth billions of Danish crowns might have been part of criminal money […]

Whether you plan to spend the Christmas break watching The Greatest Showman or Die Hard, Sky have just launched a very impressive deal on their Cinema offering that gets you 40% off. Cutting £8 off the price tag, Sky Cinema is currently £10 per month instead of the usual £18 in Sky’s spontaneous, post-Black Friday […]