Business Headlines & Singapore Stock Market News | SGinvestors.io

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

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Japan May retail sales rise 2%, fall short of expectations

[TOKYO] Japanese retail sales rose less than expected in May because of slower sales of durable goods and clothes, falling substantially on April's annual increase as demand ebbed.

News Corp's Manhattan headquarters said to be put on the market

[NEW YORK] Ivanhoe Cambridge, the real estate arm of Canadian pension fund Caisse de Depot et Placement du Quebec, is looking to sell 1211 Avenue of the Americas, which serves as News Corp's Manhattan headquarters, according to a person with knowledge of the matter.

MND increases land supply for private homes in H2 2017

Kalpana Rashiwala - THE government will release land for up to 8,125 private residential units (including executive condo units) and 83,590 square metres gross floor area (GFA) of commercial space on both confirmed and reserve lists in the second half of this year.

Surging home prices rankle Hong Kong's first leader under China

[HONG KONG] Tung Chee-hwa, Hong Kong's first leader after the city's return to Chinese rule, blamed soaring property prices on a lack of land supply and highlighted the social divisions caused by rising housing costs.

Malaysia: Shares open slightly higher on Thursday

MALAYSIA share prices open slightly higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.36 points to 1772.18.

Residential price index creeps up by 0.4% in May

Staff Reporter - The price index for non-central residential units down 0.3%. The latest figures from the National University of Singapore (NUS) revealed that the residential price index was down 0.4% in the past month. This is compared to the 0.8% decline in the price index during the preceding month. Index for ce ...

Daily Markets Briefing: STI up 0.12%

Staff Reporter - Expect some boost today. The Straits Times Index (STI) ended 3.83 points or 0.12% lower to 3215.7 on Wednesday, taking the year-to-date performance to +11.63%. The top active stocks yesterday were DBS, which gained 0.05%, Singtel, which gained 0.53%, Croesus RTrust, which gained 11.37%, OCBC Bank, ...

Exclusive: Universal president says founder Okada 'unfit' for board in private letter

Today - TOKYO - The president of Japan's Universal Entertainment Corp said the company's founder Kazuo Okada is "unfit" to be the director of a public company, in a private letter to a shareholder seen by Reuters. The June 21 letter was...

Singapore shares open 0.7 per cent up on Thursday

Cai Haoxiang - SINGAPORE stocks opened 0.7 per cent higher on Thursday, with the Straits Times Index advancing 21.56 points to 3,237.26 as at 9.06 am.

Trump to press South Korean president on trade: official

[WASHINGTON] US President Donald Trump will press South Korean President Moon Jae-In to improve trade imbalances with the United States during meetings at the White House on Thursday and Friday, a White House official said.

SIA Engineering's Philippines unit appointed Embraer's authorised service centre

Angela Tan - EMBRAER Asia Pacific has appointed SIA Engineering (Philippines) Corporation (SIAEP), a subsidiary of SIA Engineering Company (SIAEC), as Embraer's authorised service centre in the region.

Daily Briefing: Singapore to allow banks to invest in e-commerce; ST Engineering acquires SPTel

Staff Reporter - And here's what you need to know about Singapore's minimum wage. read more

PropertyGuru’s Steve Melhuish does not believe in ‘unicorns’, but admits realty portal close to hitting $1b valuation mark

Bailey York - Steve Melhuish, co-founder and vice chairman at PropertyGuru Group, is candid when he says does not believe in ‘Unicorns’, a term used to refer to any tech startup company that reaches a $1 billion dollar market value. In fact, when it comes to the tech scene, Melhuish, who stepped down. ...

PropertyGuru’s Steve Melhusih does not believe in ‘unicorns’, but admits realty portal close to hitting $1b valuation mark

Bailey York - Steve Melhusih, co-founder and vice chairman at PropertyGuru Group, is candid when he says does not believe in ‘Unicorns’, a term used to refer to any tech startup company that reaches a $1 billion dollar market value. In fact, when it comes to the tech scene, Melhusih, who stepped down. ...

Keppel, Stamford Tyres, Courts Asia, ComfortDelGro, GLP

PC Lee - SINGAPORE (June 29): Here are some stocks to watch this Thursday morning: Keppel Offshore & Marine, the O&M unit of Keppel Corp, announced that its wholly owned subsidiary, Keppel Shipyard has won four contracts for vessel conversion, repair and modification worth $85 million. Shares of Kepp ...

Bigger flocks send egg price to decade-low

[CHICAGO] It doesn't matter if you like them hard-boiled, scrambled or soaked in heart-clogging hollandaise sauce: when eggs are this cheap, it's a good time to get cracking.

Dollar upended by rates reversal, stocks calm for now

Today - SYDNEY - The dollar languished at its lows for the year on Thursday as a drumbeat of hawkish comments from major central banks signaled the era of easy money might be coming to an end for more than just the United States. Support for the dollar...

Singapore MAS, Danish FSA sign fintech cooperation deal

Angela Tan - THE Monetary Authority of Singapore (MAS) and the Danish Financial Supervisory Authority (Danish FSA) signed a financial technology cooperation agreement which aims to help fintech companies in Singapore and Denmark to expand into each other's markets.

Chart of the Day: Biomed output sinks 22.2%

Staff Reporter - It dragged overall Singapore production. The biomedical sector shrank 22.2% in May, pulling the overall manufacturing output in Singapore to register only a 5% growth. The decline in the sector came as the medical technology segment expanded 19.1% with higher export demand for medical devices, whil ...

Tokyo: Stocks open higher

[TOKYO] Tokyo stocks opened higher on Thursday as banks rallied following strong performances from their US peers.

Malaysia shrugs off 1MDB scandal to become second-quarter star

[KUALA LUMPUR] Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood.

MAS enters fintech co-operation agreement with Danish regulator

Michelle Zhu - SINGAPORE (June 29): The Monetary Authority of Singapore (MAS) yesterday entered a financial technology (fintech) co-operation agreement with the Danish Financial Supervisory Authority (Danish FSA). The agreement, which was signed at the sidelines of the Money 20/20 Europe conference in Copenhagen, ...

Oil rises for sixth session, buoyed by U.S. output decline

Today - SINGAPORE - Crude oil futures rose for a sixth consecutive session on Thursday, as a decline in U.S. production underpinned the market that has been under pressure from a global supply glut. U.S. West Texas Intermediate (WTI) crude ...

SEC probes Barclays, Morgan Stanley bankers on Puerto Rico bonds: Bloomberg

Today - The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales, Bloomberg reported. The SEC's staff has recommended the...

AI to add US$15.7t as game changer for global economy

[DALIAN,China] Artificial intelligence may not be so threatening after all.

Malaysia shrugs off 1MDB scandal to become second quarter star

Bloomberg - KUALA LUMPUR (June 29): Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood. The stark shift means that Prime Minister Najib Razak, who has weathered political attacks ...

Apple's iPhone turns 10, bumpy start forgotten

[CUPERTINO, California] Apple Inc's iPhone turns 10 this week, evoking memories of a rocky start for the device that ended up doing most to start the smartphone revolution and stirring interest in where it will go from here.

FedEx unit TNT 'significantly affected' by virus

[NEW YORK] Shipping giant FedEx said Wednesday that deliveries were slowed at its Dutch unit TNT Express after the firm was hit by the latest major computer virus attack.

GLP signs new lease agreement with existing customer in Southern Brazil

Michelle Zhu - SINGAPORE (June 29): Global Logistic Properties, the provider of modern logistics facilities in China, Japan and Brazil, has signed a new lease agreement for 11,000 sq m (118,000 sq ft) with its existing client, YAPP Automotive Systems, in Southern Brazil. YAPP is a Chinese state-owned auto parts ma ...

Is Hong Kong or Singapore a better city for expats?

Bloomberg - HONG KONG (June 29): In the race to lure talent for global firms’ regional headquarters, Hong Kong and Singapore have long been neck-and-neck. While many companies make their managers locate in one or the other city — often depending on whether their duties focus more on Southeast Asia, or on Ch ...

Singapore: Visa-Validus partnership; FLT private placement oversubscribed

Shiwen Yap - P2P lending platform Validus and Visa have formed a business partnership while FLT's private placement was oversubscribed. The post Singapore: Visa-Validus partnership; FLT private placement oversubscribed appeared first on DealStreetAsia.

May survives first parliamentary test after disastrous election

[LONDON] British Prime Minister Theresa May's government on Wednesday defeated its first parliamentary challenge since a disastrous election earlier this month, in a vote on whether to maintain increasingly unpopular austerity measures.

Samsung to invest US$380m, add almost 1,000 jobs in US

[NEW YORK] Samsung plans to invest US$380 million and hire nearly 1,000 workers for a new plant in South Carolina to manufacture home appliances, the company announced Wednesday.

US to toughen airline security; no laptop ban expansion

[WASHINGTON] The United States announced Wednesday it would implement tough new security rules for all airlines flying into the country, but held off from a threatened expansion of its carry-on laptop ban.

China's president Xi in landmark visit to Hong Kong

[HONG KONG] President Xi Jinping arrives in Hong Kong on Thursday to mark 20 years since it was handed back to China by Britain, a trip that has already riled democracy activists in the politically divided city.

North Korea takes aim at US offer of talks in rare UN statement

[UNITED NATIONS] North Korea on Wednesday delivered a rare statement at the UN Security Council, accusing the United States of attaching "unjust" conditions to its offer of talks on Pyongyang's military programmes.

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