SINGAPORE—Google Inc. will invest US$120 million in a data center in Singapore, the first of its kind in Southeast Asia, executives of the Internet search giant announced Thursday, in a move to significantly expand operations in Asia. The data center, which is slated for completion in early 2013, will be the third of its kind in
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Hong Kong and the United States beat Singapore to take the first spot in an annual ranking of the world’s most competitive countries and regions. In the 2011 edition of the World Competitiveness Yearbook (WCY) released Tuesday by the Lausanne-based Institute for Management Development (IMD), Singapore slips two spots to rank as the third most
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The latest survey by the Bank for International Settlements (BIS) ranks Singapore as the fourth largest foreign exchange (FX) centre globally and the second largest FX centre in Asia, after Tokyo. The survey showed that the average daily foreign exchange (FX) turnover volume in Singapore was US$266 billion ($360.38 billion) during April 2010 compared to
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Market News | Daily Finance 08/08/11 10:46EDT NEW YORK -The U.S. stock market joined a sell-off around the world Monday in the first trading since Standard & Poor’s downgraded American debt and gave investors another reason to be anxious. The Dow Jones industrial average fell more than 250 points minutes after the opening bell on
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SYDNEY (MarketWatch) — Hopes that Japan’s nuclear crisis may be stabilizing were dealt a blow on Wednesday after another fire reportedly broke out at the No. 4 reactor of the Fukushima Daiichi nuclear plant in northeast Japan. The latest fire comes hard on the heels of three explosions and one fire at the nuclear complex
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Bloomberg | Chan Tien Hin & Michael Patterson Emerging-market stocks tumbled the most in eight months, currencies sank and borrowing costs rose as growing concerns of a nuclear disaster in Japan and conflict in the Middle East spurred investors to sell riskier assets. The MSCI Emerging Markets Index declined 2.2 percent to 1,092.65, the biggest drop since
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| Bernama | JITRA, March 11 (Bernama) — Malaysia’s economy will feel the impact if Japan’s economy suffers a severe blow from today’s powerful earthquake that struck downtown Tokyo, shaking buildings in the capital city. International Trade and Industry Deputy Minister Datuk Mukhriz Mahathir said Japan was Malaysia’s significant trade partner and had huge investments in
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