Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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24 minutes ago

EHT makes changes to board committees

Natalie Choy - EAGLE Hospitality Trust (EHT) on Monday announced fresh changes to its composition of board committees, following a month after it dropped independent director Carl Gabriel Florian Stubbe.

41 minutes ago

Siemens' record 16 billion euro spin-off falls in Frankfurt debut

Claudia Tan - Shares in Siemens Energy opened lower than expected on their first day of trading on the Frankfurt stock exchange, as Germany's biggest-ever spin-off gears up for a challenging future independent from parent Siemens .

1 hour ago

'Take home' lawsuits over COVID infections could be costly for US employers

U.S. businesses with COVID-19 outbreaks are facing an emerging legal threat from claims that workers brought coronavirus home and infected relatives, which one risk analysis firm said could cost employers billions of dollars.

1 hour ago

Exclusive: Reckitt kicks off sale of some personal care brands - sources

Claudia Tan - Consumer goods group Reckitt Benckiser Group is preparing to sell some of its non-core personal care brands, including Veet hair removal cream and Clearasil acne cream, four sources familiar with the matter said on Monday.

1 hour ago

Three top Apple suppliers to commit US$900 million to India smartphone incentive plan - sources

Three of Apple Inc's top contract manufacturers plan to invest a total of almost US$900 million in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter.

1 hour ago

Wall Street opens higher led by banks, travel stocks

U.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's industrial profits, while beaten down shares of banking and travel firms bounced.

2 hours ago

A-Smart back in the black with H2 net profit of S$86,000

Natalie Choy - PRINTING firm A-Smart Holdings recorded a net profit of S$86,000 for the six months ended July 31 (H2 2020), reversing a net loss of S$2.12 million in the year-ago period.

2 hours ago

JPMorgan pushes payment fraud protection for small business customers

Claudia Tan - JPMorgan Chase & Co. , the country's largest lender, is stepping up payment fraud protections for its small and mid-sized business customers, which continue to be targeted by scammers - particularly amid the COVID-19 pandemic.

2 hours ago

Banks, travel stocks set to lead Wall Street higher

Claudia Tan - U.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's industrial profits, while beaten down shares of banking and travel firms bounced.

2 hours ago

Caesars shoots lower than expected with US$3.7 billion William Hill bid

Caesars is in advanced talks with William Hill on a takeover offer that values the British bookmaker at 2.9 billion pounds and would give the casino operator full control of a quickly expanding U.S. sports-betting and online business.

2 hours ago

Devon Energy to buy shale peer WPX for US$2.56 billion in Delaware push

Wilfred Chong - U.S. shale producer Devon Energy Corp said on Monday it would buy peer WPX Energy Inc in an all-stock deal that would create a combined company worth around US$12 billion.

2 hours ago

HSBC in final talks to sell French retail business at hefty loss: sources

Wilfred Chong - Cerberus and a rival investment firm have told HSBC they would buy its French retail arm for a symbolic one euro provided the British bank ploughs more than 500 million euros (US$582.70 million) into the business, sources told Reuters.

2 hours ago

Exclusive: Lagarde's peace at risk as ECB splits over virus response - sources

Wilfred Chong - European Central Bank policymakers are increasingly divided over how to steer the economy through a second wave of COVID-19, threatening President Christine Lagarde's hard-won peace, conversations with eight ECB insiders show.

3 hours ago

Walmart picks EG Group founders, TDR Capital as preferred bidders for Asda: Sky News

Wilfred Chong - Walmart Inc has selected the founders of UK petrol station operator EG Group and private equity firm TDR Capital as the preferred bidders for its Asda supermarket chain, valued at 6.5 billion pounds (US$8.39 billion), Sky News reported on Monday.

3 hours ago

AirAsia's BigPay to launch payments, remittance services in Singapore

Natalie Choy - AIRASIA's financial services venture BigPay will be expanding its e-wallet services to Singapore, with early access available to users in the coming weeks.

3 hours ago

Amazon to hold Prime Day event on Oct. 13-14

Wilfred Chong - Amazon.com Inc said on Monday it would hold its annual shopping event, Prime Day, on Oct. 13 and 14.

3 hours ago

Former Residents’ Committee manager jailed for taking S$590, using cleaner’s IC to get phone plan

siewfern -

3 hours ago

Weibo-owner Sina to go private in US$2.6 billion deal with CEO-led firm

Wilfred Chong - Sina Corp , owner of social media platform Weibo , will be taken private in a US$2.6 billion deal with Chief Executive Officer Charles Chao, the Chinese internet company said on Monday.

3 hours ago

Shale producer Devon Energy to buy peer WPX Energy for US$2.56 billion

Wilfred Chong - U.S. shale producer Devon Energy Corp said on Monday it would buy peer WPX Energy Inc in an all-stock deal that would create a combined company worth around US$12 billion.

3 hours ago

Futures bounce as China industrial profits rise

Wilfred Chong - U.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's industrial profits, while beaten down shares of banking and travel firms bounced.

3 hours ago

Uber granted 18-month London licence after legal battle

Wilfred Chong - Uber has won a legal bid to restore its London operating licence which was taken away over safety concerns, after a judge ruled on Monday that the company was a fit and proper operator despite "historical failings". Transport for London (TfL) refused to grant the Silicon Valley-based company a new . ...

3 hours ago

Walmart picks EG Group founders, TDR Capital as winning Asda bidders: Sky News

Wilfred Chong - Walmart Inc has selected the founders of UK petrol station operator EG Group and private equity firm TDR Capital as the preferred bidders for its Asda supermarket chain, valued at 6.5 billion pounds (US$8.39 billion), Sky News reported on Monday.

3 hours ago

Weibo owner Sina to be taken private by CEO in US$2.6 billion deal

Wilfred Chong - Sina Corp , owner of social media platform Weibo, will be taken private by a holding company led by Chief Executive Officer Charles Chao in a US$2.6 billion deal, the Chinese internet company said on Monday.

4 hours ago

US shale producer Devon Energy to buy rival WPX

Wilfred Chong - U.S. shale producer Devon Energy Corp said on Monday it would buy peer WPX Energy Inc in an all-stock deal that would create a combined company worth around US$12 billion.

4 hours ago

Duke, Starbucks, others to show diversity data: NYC's Stringer

Wilfred Chong - Top U.S. corporations including Duke Energy Corp, Starbucks Corp and Wells Fargo & Co will make public detailed workforce diversity statistics, following calls from activists who say the information will help judge companies' progress in hiring and promoting minorities.

4 hours ago

Fitch affirms 'AA-' score on Singapore banks, holds negative earnings outlook

Natalie Choy - FITCH Ratings has affirmed its "AA-" ratings on Singapore banks and removed the trio from rating watch negative (RWN), given that the materialisation of stressed conditions have become "less immediate".

4 hours ago

James Perry, CFO of fashion marketplace Zilingo, resigns to return to Citigroup

Yoolim Lee - The veteran dealmaker joined Zilingo about a year ago. The post James Perry, CFO of fashion marketplace Zilingo, resigns to return to Citigroup appeared first on DealStreetAsia.

4 hours ago

China says US 'abusing power' by squeezing TikTok

Rob Curran - Beijing on Monday accused the Trump administration of abusing "national power" by trying to ban TikTok, as a federal court gave the video app's US operations a stay of execution.

4 hours ago

STI in second straight session of gains on China's industrial profits jump

Lee Meixian - THE Straits Times Index (STI) rose for the second straight session on Monday, closing 10.73 points or 0.43 per cent higher at 2,483.01, after official data showed profits at China's industrial firms grew for the fourth straight month in August, and Wall Street concluded last week on a positive ...

4 hours ago

Black cab drivers says Uber decision is a "disaster" for London

Rob Curran - The association representing London black cab drivers said a judge's decision to restore Uber's operating licence on Monday was a "disaster" for the British capital.

5 hours ago

MAS in talks with banks to extend debt moratorium programme

Bloomberg - Singapore’s central bank is in talks with lenders about extending the nation’s debt moratorium program beyond Dec. 31 to provide extra relief for borrowers hit by the fallout from the coronavirus pandemic, according to people with knowledge of the matter. One of the key measures being discussed ...

5 hours ago

SGX flagship charity initiative receives $1 mil from AMTD Charity Foundation

Felicia Tan - SGX Bull Charge, the flagship charity initiative of the Singapore Exchange (SGX) has received a total of $1 million from the AMTD Charity Foundation on September 28. The amount, according to SGX, is the largest single donation made to the charity in “recent years”. AMTD Charity Foundation is don ...

5 hours ago

Man stalked wife through emails, threatened to send sexually explicit video to her employer

siewfern -

5 hours ago

Developers no longer allowed to extend option to purchase period for buyers without URA’s approval

gordon.feeney -

5 hours ago

'Cautious optimism' in retail, F&B even as SMEs' business outlook dips to all-time low

Sharon See - BUSINESS sentiment among small and medium-sized enterprises (SMEs) in Singapore have dipped to a record low, but those in the retail and food and beverage (F&B) sectors appear encouraged by the reopening of physical stores, according to a industry survey.

5 hours ago

Vividthree and Resurgence to produce esporting events

Felicia Tan - Entertainment company Vividthree Holdings and Singapore-based professional esports organisation RSG Resurgence Esports have announced their partnership to co-create new esports events on September 28. The events, according to both companies, will “raise the bar in gaming and esports content develo ...