• Bangkok governor Sukhumbhand Paribatra (C), seen here in 2013, is under investigation for alleged graft, which he denies

    Thailand's junta leader used emergency powers Thursday to suspend Bangkok's governor while he is probed for corruption, a major blow to the influential city politician who has faced growing censure. Sukhumbhand Paribatra, a distant relative of Thailand's respected royal family, is under investigation for alleged graft …

  • Wing Tai profits to take a beating as retail, residential property languishes in 2016

    It’s going to be an uphill battle for Wing Tai’s Singapore retail and residential segments, as analysts believe that the respective sectors will continue to be battered by headwinds. According to a report by RHB, Wing Tai is not as optimistic for Singapore retail and residential segments. Management expects home buying …

  • Here’s why ComforDelGro's taxi business is unfazed by Grab, Uber

    Taxi revenue rose at a steady 2.8%. For the past quarter ending in June, its taxi business posed a 2.8% increase in total revenue to $340.2 million. Looking at the operating profit from each of the segments, its bus business contributed only an inch higher then its taxi business.

  • Oil prices sank again on data showing a surprise jump in US stockpiles last week, with West Texas Intermediate shedding 2.8% and Brent down 1.8% on August 24, 2016

    Asian energy firms suffered further losses Thursday after another sharp fall in oil prices, while currency traders moved cautiously the day before a key speech by Federal Reserve boss Janet Yellen. World markets have struggled to gain traction this week with few catalysts to spur business ahead of Yellen's talk at the …

  • Rescue and emergency services personnel carry a survivor on a stretcher during search and rescue operations in Amatrice, central Italy on August 24, 2016

    The death toll from a powerful earthquake in central Italy rose to 247 on Thursday amid fears many more corpses would be found in the rubble of devastated mountain villages. Monica, a survivor from the tourist town of Amatrice, told of her numbed response when a 4.5-magnitude aftershock rattled the area just after 5.00 …

  • Bold moves, tepid economic gains: Have central banks met their limit?

  • German business confidence drops unexpectedly, survey shows

    Business confidence in Germany, Europe's biggest economy, has dropped unexpectedly as managers' assessment of both their current and future situations darkened following Britain's decision to leave the ...

  • The People’s Bank of China sold 50 billion yuan ($7.5 billion) of 14-day reverse-repurchase agreements on Wednesday, its first offering of anything with a tenor other than seven days since February. Officials are signaling they’re ready to curb leverage in the bond market by making it less profitable for investors borrowing …

  • Rescuers make their way through destroyed houses following an earthquake in Pescara Del Tronto, central Italy, Thursday, Aug. 25, 2016. The magnitude 6 quake struck Wednesday at 3:36 a.m. (0136 GMT) and was felt across a broad swath of central Italy, including Rome where residents of the capital felt a long swaying followed by aftershocks. (AP Photo/Gregorio Borgia)

    AMATRICE, Italy (AP) — The Latest on the earthquake in central Italy (all times local):

  • Everyone’s Playing It – Here’s How Businesses Have Reacted To Pokémon GO In Singapore

    This article is brought to you by DBS BusinessClass & Vulcan Post Pokémon GO mania has hit everyone hard and it has, more or less, unofficially become our national pastime. With its release two weeks ago, its timing was seemingly … The post Everyone’s Playing It – Here’s How Businesses Have Reacted To Pokémon GO In Singapore …

  • Since Moscow annexed Crimea from Ukraine in March 2014, Russia has stepped up its military presence in the peninsula, which is home to its Black Sea fleet

    Russia on Thursday launched large-scale snap military drills, putting its troops on full combat readiness in districts bordering Ukraine and the Baltic states, the defence minister said. "In accordance with the decision of the Supreme Commander-in-Chief of Armed Forces of the Russian Federation (President Vladimir Putin), …

  • Military personnel clear debris at a temple that was damaged by a strong earthquake in Bagan, Myanmar, Thursday, Aug. 25, 2016. Using brooms and their hands soldiers and residents of the ancient Myanmar city famous for it's historic Buddhist pagodas, began cleaning up the debris from a powerful earthquake that shook the region and damaged nearly 200 temples Wednesday. (AP Photo/Min Kyi Thein)

    BAGAN, Myanmar (AP) — It was a time of conquest and conversions. Above all, it was a time of construction, on a scale never seen before. Over 250 years, from the 11th century onwards, the rulers of Bagan built more than 10,000 magnificent religious monuments.

  • The Hamilton, Bermuda-based company said it had net income of 52 cents per share. Earnings, adjusted for non-recurring costs, came to 59 cents per share. The results exceeded Wall Street expectations. ...

  • Ezion pleads banks for repayment extension to avoid refinancing loans

    Repayment period will be stretched to 8 years. Ezion Holdings Limited may have to weather downturns in a tightened credit market over the next two years as it needs refinancing of around US$270 million, but with its current loan restructuring, it may not need to do so, analysts say. According to a report by Maybank Kim …

  • In this photo provided by Puerto Princesa Tourism Office, shows a giant pearl measuring 30cm wide (1ft), 67cm long (2.2ft) and weighing 34kg (75lb) is displayed in the lobby of the Puerto Princesa City Hall in Puerto Princesa city, Palawan province in southwestern Philippines Thursday, Aug. 25, 2016. Puerto Princesa Tourism Officer Aileen Amurao said the giant pearl was found by a relative fisherman ten years ago and entrusted to her for safekeeping and eventually to the mayor of the city. The still-to-be-authenticated find is said to be the largest in the world and would likely be valued in excess of US$100 million. (Herald Hugo/PPTO, via AP)

    MANILA, Philippines (AP) — A Filipino fisherman in western Palawan island has found possibly the world's biggest pearl, but he didn't know it.