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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55 minutes ago
Robinhood jumps on plan to buy back up to US$1 billion of shares
ROBINHOOD Markets jumped after the retail brokerage announced a plan to repurchase as much as US$1 billion of its own shares. The firm expects the buyback programme to kick off in the third quarter and take place over a two to three-year period, it said on Tuesday (May 28) in a filing. Shares in Rob ...
1 hour ago
Morning Bid: Japanese consumers, Aussie CPI in focus
A look at the day ahead in Asian markets.Japanese consumer confidence and Australian inflation are the main points of focus for markets in Asia on Wednesday, as investors ponder the broader implications of a widespread rise in bond yields.U.S. Treasury yields, the benchmark for global borrowing cos
2 hours ago
Singapore’s farming crunch has wider lesson: companies like grants, but prefer customers
Joan Ng - SINGAPORE’S farms are finding it tough to turn a profit in spite of government aid. If the country is serious about its “30 by 30” target – to produce 30 per cent of domestic nutritional needs by 2030 – it must do more to boost demand.
2 hours ago
Sea cargo rates surge to pandemic highs
Tay Peck Gek - EQUIPMENT shortage, port congestion and a surge in shipments have come together to create a perfect storm, sending ocean freight rates up to highs last seen during the pandemic – and no relief is in sight for the short-term.
2 hours ago
US presses TikTok, Meta and X to crack down on antisemitic posts, Bloomberg News reports
The Biden administration is urging big technology companies to ramp up efforts to curb antisemitic content on their platforms, Bloomberg News reported on Tuesday.Representatives from companies including Alphabet, Meta, Microsoft, TikTok and X met on Thursday with U.S. special envoy Deborah Lipstadt ...
3 hours ago
Trading app Robinhood unveils maiden stock buyback plan of $1 billion
:Trading app Robinhood Markets launched its first-ever share buyback plan on Tuesday, saying it would repurchase $1 billion worth of stocks as it looks to grow beyond its startup phase.The company, best known for being the go-to app for retail traders, has been rolling out a series of new features t ...
3 hours ago
Trading app Robinhood unveils $1 billion buyback plan
Trading app Robinhood Markets said on Tuesday it would repurchase shares worth up to $1 billion over a two to three year period starting from the third quarter. The company has been rolling out new products such as a credit card for subscribers to its premium tier in its push to be a full-fledged fi ...
3 hours ago
Verizon adds Peacock to streaming hub, offers discounted YouTube premium plan to customers
Verizon said on Tuesday that it added Comcast's Peacock to its streaming subscription hub and plans to offer YouTube Premium at a discounted rate with myPlan subscriptions.The telecom firm said it will offer YouTube Premium for $10 per month, offering savings of 30 per cent to myPlan customers, ...
6 hours ago
EU in touch with Telegram as it nears criterion for EU tech rules
BRUSSELS : EU tech regulators are in touch with messaging app Telegram as it nears a key usage criterion that could see it subject to more stringent requirements under a landmark EU online content legislation, the European Commission said on Tuesday.The Digital Services Act (DSA) which kicked in las ...
6 hours ago
Italy's Vega-C rocket a step closer to returning to flight after successful engine test
ROME : Italy's Vega-C rocket is closer to flying again after a successful test of its engines carried out at the end of May, its manufacturer Avio said on Tuesday.Vega-C launchers are expected to return to flight in late 2024 after implementing fixes recommended by an independent panel of the E ...
7 hours ago
Volkswagen to develop entry-level electric vehicles for 20,000 euros
FRANKFURT :Volkswagen will develop low-cost electric vehicles in a bid to better compete with fierce Chinese rivals, Europe's largest carmaker said on Tuesday, after talks with Renault to team up on the project collapsed earlier this month.The target is to produce electric vehicles for the Euro ...
7 hours ago
Volkswagen to develop entry-level electric vehicles for around 20,000 euros
FRANKFURT : Volkswagen will develop low-cost electric vehicles in a bid to better compete with fierce Chinese rivals, Europe's top carmaker said on Tuesday, after talks with Renault to team up on the project collapsed earlier this month.The target is to produce electric vehicles in a price rang ...
7 hours ago
Campbell Soup to cut 415 jobs as it restructures its manufacturing plants
CAMPBELL Soup on Tuesday (May 28) said it plans to reduce the size of its Jeffersonville, Indiana site and close Tualatin, Oregon site, leading to 415 job cuts.
7 hours ago
Apple loses bid to appeal order allowing consumer antitrust class action
APPLE has failed to persuade a US appeals court to consider blocking a class action that accuses the iPhone maker of monopolising the market for iPhone apps and keeping prices artificially high for tens of millions of customers.
7 hours ago
Polish game developer CD Projekt posts 44% first-quarter profit jump
GDANSK : Polish video game developer CD Projekt posted a higher than expected 44 per cent jump in first-quarter net profit on Tuesday, driven by higher game sales. Net profit reached 100.1 million zlotys ($25.6 million) against analyst expectations of 76 million. Sales revenue for the period rose 3
8 hours ago
T-Mobile to buy US Cellular assets for some US$2.4 billion
T-MOBILE US, the second-largest mobile carrier in the US, has agreed to buy US Cellular’s wireless operations and some of its spectrum assets for roughly US$2.4 billion.
8 hours ago
Russia mulling charging companies to use foreign software
Russia may charge domestic companies to use foreign software, the TASS news agency quoted Digital Development Minister Maksut Shadaev as saying on Tuesday, as Moscow seeks to cut dependency on foreign technology and bolster its own.President Vladimir Putin has made achieving technological independen ...
9 hours ago
Cryptoverse: Miners trudge through post-halving world
WITH mining rewards halved, mining difficulty elevated and the shiny new Bitcoin exchange-traded funds (ETFs) stealing investor capital, it’s been a tough year for Bitcoin miners.
9 hours ago
US: S&P 500, Nasdaq open higher as investors await inflation data
THE S&P 500 and the Nasdaq opened higher on Tuesday (May 28) after a holiday-extended weekend, with investors awaiting key inflation data later in the week that could influence expectations for the Federal Reserve’s policy trajectory.
10 hours ago
Singtel-KKR a frontrunner to take a minority stake of US$1 bil in STT GDC, according to Reuters
The Edge Singapore - A Singtel-KKR consortium is a frontrunner to buy a minority stake of US$1 billion in STT Global Data Centres, reported Reuters on May 28. Another potential buyer is Stonepeak, a US-based alternative investment firm, according to Reuters, citing various sources. According to Bloomberg in January, STT ...
10 hours ago
Europe’s biggest pension fund sells 10 billion euros in fossil fuels
EUROPE’S biggest pension fund, Stichting Pensioenfonds ABP, has exited all liquid assets in oil, gas and coal worth about 10 billion euro (S$14.6 billion), in an effort to be greener.
10 hours ago
BYD launches new hybrid vehicle tech with lower fuel consumption
CHINA’S BYD on Tuesday (May 28) launched its latest generation of a plug-in hybrid technology that achieves a record low fuel consumption of 2.9 litres per 100 km on depleted batteries.
10 hours ago
Riot Platforms proposes to buy crypto miner Bitfarms
Riot platforms said on Tuesday it has made a proposal to acquire all shares of crypto miner Bitfarms for about $950 million in total equity value.
10 hours ago
Riot Platforms proposes to buy crypto miner Bitfarms, becomes largest shareholder
Riot Platforms said on Tuesday it has offered to acquire all outstanding shares of Bitfarms for about $950 million in total equity value, even after a private proposal was rejected by the crypto miner's board last month. "We were disappointed to learn that the Bitfarms Board rejected our c ...
10 hours ago
US dollar edges down ahead of data, set for first monthly drop in 2024
THE US dollar edged down on Tuesday (May 28) ahead of key US and eurozone inflation data later this week that could affect expectations for major central banks’ monetary policy outlooks.
11 hours ago
Econ Healthcare reports 8% y-o-y growth in earnings of $6.3 mil for FY2024
Nicole Lim - Catalist-listed Econ Healthcare (Asia) has reported earnings of $6.3 million for FY2024 ended Mar 31, 2024, a 8% y-o-y growth from the same period a year before.  The group’s patmi from continuing operations margin however, saw a 8.5% decrease to 12.4% for the full year, from 13.6% in the same pe ...
11 hours ago
KKR-SingTel consortium frontrunner to buy US$1 billion stake in data centre provider: sources
A CONSORTIUM of US firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth US$1 billion in one of Asia’s biggest data centre providers, two sources with knowledge of the matter said.
11 hours ago
Ossia International net profit for H2 down 30% at S$4.7 million
Tan Nai Lun - OSSIA International posted a 30 per cent drop in net profit to S$4.7 million for its second half ended Mar 31, from S$6.7 million in the previous corresponding period, it said in a bourse filing on Tuesday (May 28).
11 hours ago
Ossia International net profit falls 30% to S$4.7 million
Tan Nai Lun - OSSIA International posted a 30 per cent drop in net profit to S$4.7 million for its second half ended Mar 31, from S$6.7 million in the previous corresponding period, it said in a bourse filing on Tuesday (May 28).
11 hours ago
T-Mobile to buy UScellular's wireless operations for $4.4 billion
T-Mobile will buy substantially all of UScellular's wireless operations in a deal valued at $4.4 billion, the telecom giant said on Tuesday.
11 hours ago
T-Mobile to buy US Cellular's wireless operations in $4.4 billion deal
:T-Mobile will buy almost all of regional carrier United States Cellular's wireless operations including customers, stores and 30 per cent of its spectrum assets in a deal valued at $4.4 billion, the telecom giant said on Tuesday.U.S. Cellular's shares jumped more than 10 per cent in tradi ...
11 hours ago
T-Mobile to buy US Cellular's wireless operations in deal valued at $4.4 billion
:T-Mobile will buy substantially all of regional carrier United States Cellular's wireless operations, including customers, stores and 30 per cent of its spectrum assets, in a deal valued at $4.4 billion, the telecom giant said on Tuesday.U.S. Cellular's shares jumped more than 7 per cent ...
11 hours ago
India’s Reliance to buy Russian oil in roubles: sources
INDIA’S Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal with Russia’s Rosneft to buy at least three million barrels of oil a month in roubles, four sources aware of the matter told Reuters.
11 hours ago
CDL buys Delfi Orchard en bloc for $439 mil
Cecilia Chow - Singapore-listed City Developments Ltd (CDL) has won the collective sale tender for Delfi Orchard at $439 million. The 11-storey, freehold strata-titled commercial building was launched for tender on April 18 at a guide price of $438 million, with Savills Singapore as the exclusive marketing agent ...






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