HONG KONG (REUTERS) - Real estate developer Chinese Estates Holdings said on Sunday its Chairman and Chief Executive Joseph Lau has resigned after he was found guilty of bribery and money laundering charges in Macau.
When assessing whether or not to issue a public query to a firm about unusual activity in the trading of its shares, the Singapore Exchange takes into account several factors, including the firm's financials, the outlook of the industry it is in and analyst reports.
DUBAI (AFP) - Oil-rich Abu Dhabi and the United Arab Emirates central bank agreed on Sunday to extend the period of loans worth US$20 billion (S$25.3 billion) accorded neighbouring Dubai when it was hit by the global financial crisis in 2009.
HONG KONG (REUTERS) - Chinese e-commerce company Alibaba Group Holding Ltd said on Sunday it has decided to begin the process for an initial public offering in the United States.
BEIJING (AFP) - China's central bank on Saturday doubled the yuan's trading band to two per cent, loosening its grip on the tightly-controlled currency and underscoring efforts to accelerate exchange-rate reforms as concerns mount over the slowing economy.