MAS stays pat on Singdollar policy as growth slows, lowers core inflation forecast

MAS stays pat on Singdollar policy as growth slows, lowers core inflation forecast

SINGAPORE – There will be no change to the Singapore dollar’s current pace of appreciation, amid an easing in Singapore’s economic growth, although the forecast range for core inflation has been lowered. After two slight increases to the Singdollar’s pace …
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Class action suit alleges 'misleading' Apple financial statements amount to securities fraud

A new class action lawsuit takes Apple to task over an always rosy outlook on future financials, claiming company executives made materially false statements concerning the health of its main business, iPhone, leading up to a revenue guidance correction in …
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BHP cuts iron ore production guidance after cyclone hit

BHP has cut iron ore production guidance and faces higher costs over the full year as it deals with the fallout from wild weather that hit its export operations in Western Australia. The mining giant downgraded iron ore production from 273-283 million tonnes to …
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Mastercard faces £14bn compensation claim

A surprise court ruling has revived the possibility of a £14bn lawsuit against credit card firm Mastercard. The Court of Appeal in London has ruled the Competition Appeal Tribunal must reconsider the class action against the firm which it threw out two years …
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Intel Gives Up on Failed Quest to Break Into Mobile Market

Intel Corp., whose products dominate the world of computing, said it's going to wind down a multibillion-dollar, multidecade effort to grab a viable stake
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