Holders of fake $7m insurance policy sue AIA

Couple claim negligence; agent allegedly used premium to buy policies in their names. -ST

Reits free to set fees but must justify them

MAS relents in that area, will go ahead with other rules to give investors more protection. -ST

Slower increase for private sector wages in 2014

The proportion of employers adopting flexible and performance-based wage system rose to a decade-high in 2014. -AsiaOne

S'pore employers cautious about hiring: Survey

ManpowerGroup poll shows only 16% expect Q2 staff strength to grow. -ST

'Younger workers can save enough to retire'

They must keep working, buy HDB flat within their means, says minister. -ST

Japan-backed fund considering investing in Sharp: Nikkei

The Innovation Network Corporation of Japan had hired financial advisors to gauge Sharp's asset value. -Reuters

Ferrari valued at almost $10 billion for IPO

Fiat Chrysler Automobiles is planning a US stock debut for Ferrari. -AFP

Bank of England quizzing UK banks over commodities exposure

The Bank's move had been triggered by the sharp fall in the shares of commodities and mining company Glencore. -Reuters

Uniqlo to scale back new US stores after missing profit forecast

Fewer US stores for Uniqlo brand this year after a rapid expansion failed to entice customers. -Reuters

Marks & Spencer to open Beijing flagship store

British retailer Marks & Spencer Plc is setting up a new flagship store in Beijing this winter to further expand its presence in China. -China Daily/ANN

Twitter planning layoffs: report

Layoffs will be spread across the entire San Francisco-based company and will likely include engineers. -AFP

A one-size-fits-all approach to corporate governance is poorly conceived

The large-cap bias in the US, and other global markets, belies a poignant capital markets fact: the overwhelming majority of listed companies are comparatively small. -Bt

Kingsland's $100m data centre up and running

Developer says centre in Jurong is almost fully let; plans more such in region. -ST

Singtel to set up $400m data centre

Rising demand for cloud services has prompted Singtel to invest in a $400 million data centre in Jurong. -ST

Coming: computerised hub to fine-tune business ops

This new system, to be promoted among SMEs, feeds real-time data into a centralised system and promises higher efficiency. -BT

DBS China picked to test yuan payment system

Newly-launched CIPS promises faster transactions for businesses using the yuan. -ST

ICBC Singapore clears $7.8m transaction through new China system

The Industrial and Commercial Bank of China (ICBC) Singapore cleared a yuan transaction on Thursday under China's long-anticipated international payment system. -BT