TOKYO (AP) - Japan's trade deficit widened to a larger-than-expected 879.9 billion yen (S$10.8 billion) in April as its weakening currency accentuated surging import costs.
Singapore shares opened higher on Wednesday, with the benchmark Straits Times Index at 3,460.57, up 0.48 per cent, or 16.67 points.
(REUTERS) - Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei reported.
WASHINGTON (AFP) - Apple chief executive Tim Cook denied on Tuesday using "gimmicks" to dodge corporate taxes as the tech giant came under attack from US lawmakers for using "sham" subsidiaries and "convoluted" strategies to shift profits offshore.
MONTREAL (AFP) - Europe faces a "decade of stagnation" if it does not move on momentous reforms to put its fiscal house back in order, Bank of Canada Governor Mark Carney warned Tuesday.