Bizview: Today's top business news

New private home sales fall by half in December

Sales of new private homes in Singapore ended last year with a whimper, as developers sold just 384 homes in December. This was about half the amount sold in November, though it was comparable to other months where no new projects were launched.

Dismal November for most retailers as cars again rescue retail sales

Retailers in Singapore saw little year-end cheer in November. Retail sales rose 4.7 per cent in November from a year ago, but without the boost from car sales, they were down 2 per cent, figures from Singapore Department of Statistics showed on Friday (Jan 15).

Eu Yan Sang to receive up to $60.4 million in funding to expand in China

Traditional Chinese medicine retailer Eu Yan Sang International (EYSI) has inked an deal to receive up to US$35 million (S$60.4 million) in funding from HCare Investments Holding, as it widens its footprint in China.

China's yuan purchases surged to record in December as currency slide accelerated

The People's Bank of China sold a record amount of foreign currency in December, more than twice as much as in any previous month, as it stepped up yuan purchases to stem a slide in the currency.

China December bank lending weak, but bonds and shadow banking credit grows

China's bank lending slowed in December but companies raised more credit via bonds and shadow banking channels, raising questions over the quality of borrowing in the face of weak demand and deflationary pressure.

Shanghai index closes at lowest since Dec 2014, breaks key support level

Chinese stocks fell into a bear market for the second time in seven months, wiping out gains from an unprecedented state rescue campaign as investors lose confidence in government efforts to manage the country's markets and economy.