Bizview: Today's top business news

Artists impression of Principal Garden, a 663-unit development at Prince Charles Crescent, launched by UOL Group and Kheng Leong Company. PHOTO: UOL GROUP

UOL and Kheng Leong to launch new condo on the city fringe

A new 663-unit private residential project on the city fringe will be out on the market, with the average price of around S$1,600 per square foot. UOL Group and Kheng Leong Company released the prices for the Principal Garden at Prince Charles Crescent on Friday (Oct 9).

SGX sees trading volume grow across all business segments in September

The Singapore Exchange (SGX) saw further volume growth across all its key business segments last month, the bourse said in a report on Friday (Oct 9).

Noble shares jump 14.8% as commodity trader seen overhauling metals unit

Shares of Singapore-listed Noble Group surged the most since August as the commodities trader was said to be overhauling its metals unit after vowing to focus on delivering immediate results.

Disclosure of Swiss bank secrets leading US to tax cases in Singapore, Israel

At a rate of one or two a week, Swiss banks are doing what was once unthinkable: revealing to the world how they helped wealthy Americans cheat on their taxes.

Glencore to cut zinc output by about a third on weaker prices, layoffs to follow

Commodities giant Glencore said on Friday (Oct 9) it will cut 500,000 tonnes of zinc production, or around 4 per cent of global supply, in its latest move to withstand weak commodities prices.

LME makes informal approach to buy London's Baltic Exchange: sources

The London Metal Exchange has made an informal approach to the Baltic Exchange to acquire the entire business, two sources familiar with the matter told Reuters.

Rupiah and ringgit poised for best weeks in more than a decade

The rupiah and the ringgit headed for their best weekly gains since 2001 and 1998 respectively on Friday (Oct 9) as Indonesia and Malaysia benefited from rallying share markets, rebounding commodity prices and signs the Federal Reserve won't raise interest rates this year.

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