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  • Analysts mull outcome as Singapore's Ezra holdings seeks shelter from creditors

    Oilfield services slump has Singapore's Ezra seeking shelter in US court

    cnbc.com 20 Mar '17, 5am

    "Oversupply of offshore supply vessels along with the influx of newly built vessels resulting in low competitive charter rates compounded the financial difficulties of Ezra's business divisions," said Robin Chiu, the company's chief restructuring officer, in a court filing. The decisi...

  • Shares of Singapore coffee shop owner perk up on debut

    Shares of Singapore coffee shop owner perk up on debut

    cnbc.com 20 Mar '17, 6am

    Singapore 's largest traditional coffee shop operator marked a stellar debut on the Singapore Exchange, or SGX, with shares trading 120 percent above its initial public offer (IPO) price on debut. As well-caffeinated senior executives stood side by side for the ceremonial banging of t...

  • Nearly $2 billion has been wiped off bitcoin's value in three days all because of a fork - CNBC

    Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a fork

    cnbc.com 17 Mar '17, 12pm

    Just under $2 billion has been wiped off the value of bitcoin in under three days as a fight over the future of the technology underpinning the cryptocurrency wages on. Bitcoin was trading at around $1,142.60 at time of publication, giving it a market cap of $18.53 billion, according ...

  • Chinese smart bike-sharing service Mobike rides into Singapore

    Mobike, Chinese smart bike-sharing service, rides into Singapore

    cnbc.com 21 Mar '17, 4am

    A bicycle with airless tires, a solar panelled basket and a GPS tracker isn't your typical mode of transport. But, Chinese bike-sharing company Mobike is betting the two-wheeled option takes off outside of its home market. The Beijing-based startup is deploying hundreds of its bikes a...

  • Duh- There is no one who buys sneakers left watching TV. "Adidas steps away from TV advertising"

    Adidas steps away from TV advertising as it targets $4 billion growth

    cnbc.com 19 Mar '17, 9pm

    Adidas is leaving behind TV advertising as it seeks to quadruple its e-commerce revenues by 2020, Chief Executive Kasper Rorsted told CNBC. Rorsted said the firm would focus primarily on digital channels to capture younger consumers, a crucial demographic for the sports clothing line....

  • Ether cryptocurrency hits all-time high and $2.5 billion market cap

    cnbc.com 14 Mar '17, 10am

    A cryptocurrency called ether hit an all-time high on Monday, prompting its market capitalization to exceed $2 billion, a feat only bitcoin has managed to achieve in the digital currency world. Ether runs on an underlying technology called Ethereum, which is a different blockchain to ...

  • Bitcoin shrugs off rejection by US regulators

    cnbc.com 13 Mar '17, 11am

    The regulator's primary concern was consumer protection, according to Charles Hayter, founder of digital currency comparison website CryptoCompare. He says bitcoin has already shaken off the decision. "In some sense, the market is playing to bitcoin's strong libertarian tune saying we...

  • Singapore's surprise property moves applauded by businesses

    cnbc.com 14 Mar '17, 12am

    Singapore's largest listed property firm is broadly welcoming revisions to the city-state's property cooling measures after more than 3 years of sinking prices. "Together with the government's policies to support population and economic growth, such measures will help to ensure a stab...

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