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When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin “mules” and peer-to-peer platforms sprung up to allow bitcoin trading to thrive, away from regulators’ watchful eyes.

Cryptocurrency arbitrage boom fizzles in Asia, but profits persist

The boom has eaten away the spreads and shown how fast the galloping cryptocurrency markets can change course.

03 Apr 2018 12:22 PM

Meanwhile India’s diesel exports in February were up 32 per cent to 2.31 million tonnes year-on-year.

Diesel use in India set for record in 2018

India’s diesel consumption should be up to about 7.7 million tonnes towards the end of the year.

27 Mar 2018 5:41 PM

Uber and Singapore-based Grab, Southeast Asia’s biggest ride-hailing firm, declined to comment. (Photo:AP)

Uber to sell Southeast Asia business to rival Grab: sources

As part of the transaction, Uber would get a stake of as much as 30 per cent in the combined business.

26 Mar 2018 9:40 AM

Rise in oil prices defied global stock markets, which slumped on back of worries about a trade stand-off between US and China.

Oil rises more than 1 pc as Saudi says production curbs could last into 2019

US President Donald Trump signed a memorandum that could impose tariffs on up to $60 billion of imports from China.

23 Mar 2018 11:38 AM

Physiotherapist is sentenced to 11 months’ jail and three strokes of the cane for molesting a teenage girl patient during treatment. (Photo: File/Representational)

Indian-origin physiotherapist gets jail for molesting teen girl in Singapore

Luke Manimaran Degarajoo, 43, had touched 18-yr-old inappropriately during a physiotherapy session massage at his clinic about a year ago.

22 Mar 2018 1:58 PM

As of September 2017, India's short-term external debt totalled 3.8 per cent of GDP.

Outlook for Indian govt bonds to remain challenging: DBS

Overall, India's financing requirements will keep the rupee vulnerable to rising US rates this year.

20 Mar 2018 11:22 AM

Brent crude futures were at $65.85 per barrel, down 36 cents, or 0.5 per cent.

Oil prices fall as increased US drilling points to higher output

US crude oil production has risen by more than a fifth since mid-2016, to 10.38 million barrels per day.

19 Mar 2018 10:21 AM

The two companies in separate regulatory filings to stock exchange BSE said that the CCI in its meeting on March considered and approved the proposed combination.

IDFC, Capital First merger deal gets CCI nod

Capital First will bring along with large retail network into infrastructure lender IDFC Bank.

10 Mar 2018 4:58 PM

According to the court papers, it was not clear that if Perumal’s injuries were caused by the accident or they were inflicted before the crash. (Representational image)

Indian-origin man faces death penalty for murder of co-worker in Singapore

Arimuram allegedly got into a fight with Perumal, who was then driving a prime mover and he was a passenger.

17 Feb 2018 6:28 PM

He wooed her even though she had a boyfriend. She initially played along but later apologised, telling him ‘it was a joke all along’. (Representational Image)

Indian-origin man faces life term for stabbing nurse after rejection of marriage proposal

After she fell to the floor, he continued stabbing and slashing her on her head, neck, body and arms.

15 Feb 2018 10:41 AM

In its inaugural Terrorism Threat Assessment Report released in 2017, the MHA said ISIS has demonstrated that Singapore is ‘very much on its radar.’ (Photo: File/Representational)

Just a matter of time: Singapore braces for terror attack with mobile app

Singapore authorities say they have been a target of Islamic extremism since the 1990s.

04 Feb 2018 3:30 PM

Bank said that it is optimistic that the Indian economy will achieve a growth rate of over 7 per cent in fiscal 2019.

DBS: India's economy likely to grow by 6.6 per cent in FY18

Bank sees an improvement in investments at 4.5 per cent in FY18 from 2.4 per cent in FY17.

12 Jan 2018 4:41 PM

International benchmark for oil prices, have risen by more than 50 per cent since mid-2017.

As oil hits USD 70, warning lights flash up in Asia

World’s biggest crude consuming region, Asia, is showing signs of an impending downward correction.

12 Jan 2018 2:06 PM

AirAsia India, a joint venture with India’s Tata Sons conglomerate, had 14 planes at end-2017. (Photo: PTI/Representational)

AirAsia explores India unit IPO, seeks partner for services business

AirAsia will seek approval at next AirAsia India board meeting to pick a banker to start a preliminary process for an IPO.

10 Jan 2018 10:59 AM

Brent crude futures - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents.

Oil prices close to mid-2015 highs, but doubts over further rises loom

US oil production has risen by almost 16 per cent since mid-2016, hitting 9.75 million bpd at the end of last year.

03 Jan 2018 10:49 AM

LPG shipments to India will reach 2.4 million tonnes in December, pushing it ahead of top importer China, on 2.3 million tonnes, for the first time. (Photo: PTI)

India set to surpass China as world's largest LPG importer

India’s average monthly imports in 2017 of about 1.7 million tonnes are well still behind China’s 2.2 million tonnes.

27 Dec 2017 1:16 PM

Bitcoin world’s biggest and best-known cryptocurrency, fell nearly 30 per cent at one stage on Friday to $11,159.93.

Bitcoin rises 10 per cent, recovers from last week's brutal selloff

Bitcoin investors and analysts believe the decline in its value was a natural correction after a heady run-up in prices.

26 Dec 2017 12:50 PM

He had inserted his hand into the apartment through an open window with the intention to annoy a then 23-year-old woman who was sleeping. (Photo: File/Representational)

Singapore: Indian man gets 3 weeks in prison for molesting woman

Prabu Natarajan admitted to rubbing his thigh, several times against a 23-year-old woman, who works as a part-time tutor.

15 Dec 2017 10:59 AM

Nomura expects the growth in the first half of 2018 to be at 7.8 per cent, higher than the 7.1 per cent of the second half of 2017.

India's economy expected to grow at 7.5 pc in 2018: Nomura

GDP growth bottomed-out in Q2 of 2017 at 5.7 per cent year-on-year, rising to 6.3 per cent in third quarter.

11 Dec 2017 4:14 PM

The rally came just a day after the virtual currency, which has been used to buy everything from an ice cream to a pint of beer, hit the $12,000 mark for the first time.

Bitcoin chalks up new record as it charges past USD 14,000

Bitcoin touched a new high of $14,475 before slipping back to $14,328 in Asian afternoon trade.

07 Dec 2017 1:26 PM

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Dilip Cherian