Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

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11 hours ago
VW's Porsche to stop offering diesel models: Bild am Sonntag
Chew Yi Hong - Volkswagen's Porsche will stop offering diesel versions of its cars, the unit's chief executive told a weekly newspaper, responding to ever tougher requirements to curb CO2 emissions.
12 hours ago
AstraZeneca ceo warns of medicine shortages after Brexit: Sunday Times
Chew Yi Hong - Britain could see widespread medicine shortages if there is no deal to prevent friction at the border with the European Union after Brexit, the AstraZeneca chief executive told the Sunday Times.
12 hours ago
Commentary: A nightmare scenario, Ang Mo Kio emptying out in 20 years
Chew Yi Hong - Overcoming the horror scenario of ghost towns emerging and of entire towns becoming mass housing construction pits is the key challenge for the Government, say two experts at the NUS Institute of Real Estate Studies.
19 hours ago
US airlines score win as Congress drops 'reasonable fee' rules
Chew Yi Hong - The US airline industry scored a win on Saturday as bipartisan congressional legislation dropped plans to mandate "reasonable and proportional" baggage and change fees, but included other new passenger protections.
23 hours ago
As new iPhones go on sale, studies reveal chips from Intel and Toshiba
Chew Yi Hong - Apple Inc's latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models.
1 day ago
BT approaches Worldpay's Philip Jansen to be new CEO: Sky News
Chew Yi Hong - BT Group is in advanced talks to appoint payment technology provider Worldpay's outgoing co-chief executive Philip Jansen as its new chief executive, Sky News reported on Saturday.
1 day ago
Volume spikes on sector reshuffle, quadruple witching
Chew Yi Hong - An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.
1 day ago
Chinese police arrest 21 over data theft at Alibaba's delivery arm: Report
Chew Yi Hong - HONG KONG: Chinese police on Friday (Sep 21) arrested 21 suspects in connection with the theft of customer information from Alibaba Group Holding's logistics affiliate Cainiao Network, state news agency Xinhua reported. More than 10 million pieces of client data - including user names, phone ...
1 day ago
Reduce the cost of rising interest rates on savings, investment and more
youjin.low - Richard Hartung7 hours 30 min agoInterest rates have continued to rise this year, costing homeowners more for their mo
1 day ago
Special contact lenses among methods to slow the march of myopia
maelynn - Eveline Gan9 hours 26 min agoSINGAPORE – Given his love for reading and playing with mobile phone games, Mdm June
1 day ago
PayPal ends business dealings with Alex Jones's Infowars
Chew Yi Hong - NEW YORK: Payments processor PayPal Holdings Inc said on Friday (Sep 21) it decided to end its business relationship with popular US conspiracy theorist Alex Jones's Infowars website after finding instances of hate speech and discriminatory content on the site. The move makes PayPal the latest ...
1 day ago
White House optimistic on China trade; no date for more talks
Chew Yi Hong - The United States is assessing China's response to the Trump administration's latest round of tariffs and does not have a scheduled date to announce for another round of talks, a senior White House official said on Friday.
1 day ago
Caterpillar leans on old playbook to cope with Trump tariffs
Chew Yi Hong - Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old.
1 day ago
The Big Read: As Asean economies take off, young S’poreans need to shed misperceptions about the region
youjin.low - Louisa Tang1 hour 29 min agoSINGAPORE — Dilapidated. Poor infrastructure. Backwards.
1 day ago
For this S’pore company, South-east Asia proved to be a lucrative market for the humble soya bean curd
youjin.low - Louisa Tang1 hour 29 min agoSINGAPORE — In just five years, soya bean curd brand Xiao Ban Soya Singapore has open
1 day ago
EU antitrust regulators aim to fine AB Inbev in Belgian beer case: Sources
Chew Yi Hong - EU antitrust regulators aim to fine Anheuser-Busch InBev for preventing cheaper beer imports into Belgium despite the beer giant's attempts to settle the EU case, people familiar with the matter said.
1 day ago
United Airlines pilots resist contract changes over regional routes
Chew Yi Hong - United Airlines pilots said they refuse to budge on the wording of their contract governing the outsourcing of regional flights.
1 day ago
Commentary: Mind the varied impact of HDB schemes on different groups of home owners
Chew Yi Hong - While the HDB schemes that seek to address the issue of expiring leases and depreciating value are to be welcomed, policymakers will do well to review the potential impact on lower-income families, says one housing expert.
2 days ago
Hollande fuels Rafale fighter jet controversy in India
Chew Yi Hong - Former French president Francois Hollande on Friday (Sep 21) fuelled the controversy over India's multi-billion dollar purchase of 36 Rafale fighter jets in 2016, reportedly saying France was given "no choice" on the Indian partner for manufacturer Dassault.
2 days ago
Dow ends at 2nd straight record but Nasdaq falls
Chew Yi Hong - The Dow rode a wave of bullish investor sentiment to a second straight record on Friday (Sep 21), while the Nasdaq declined on weakness in semiconductor stocks and some tech giants.
2 days ago
Don't get used to being used at work
Vivien Shiao - THE adage "use things, not people" has been repeated countless times, but funnily enough, it often falls on deaf ears, especially in the office.
2 days ago
Almost 300 CBRE agents to move over to ERA Realty
Yunita Ong - NEARLY 300 CBRE Realty Associates agents focused on residential transactions will move over to ERA Realty Network under a "strategic collaboration", the two entities have said in a joint statement.
2 days ago
RHB banks on small-, mid-caps going abroad
Jamie Lee - RHB Bank, the fourth-largest bank in Malaysia, will invest in building up its small-and-medium-sized enterprise (SME) network in Singapore as it looks to carve a bigger niche by taking such businesses beyond Singapore and into Asean, said its top executive in Singapore.
2 days ago
Asia's fundamentals strong despite sharp market swings
Ho Song Hui - FOLLOWING a strong start to the year with a gain of 5.5 per cent in January, Asian equities have tumbled over the past few months, sending their year-to-date performance (as at Sept 17) into negative territory, with prices declining 9.2 per cent in SGD terms.
2 days ago
China can offset the negative impact of the new round of US tariffs
Virginie Mangin - THE new round of tariffs imposed by the US will hit China's exporters and manufacturing supply chain, but analysts say Beijing has ample tools to offset the impact on the country's GDP growth.
2 days ago
The future is in Africa, and China knows it
Noah Smith - DURING the past decade, China has been investing a lot of money in sub-Saharan Africa: some Western observers worry that this represents a new form of colonialism. Given the continent's history with European conquerors and rich countries trying to cheaply exploit its natural resources, that su ...
2 days ago
STI regains 3,200 level as calm returns to Wall St
Rachel Mui - ASIAN stocks flashed green on Friday, encouraged by Wall Street's firm handover overnight, as investors came round to the view that the latest exchange of tariffs between the US and China could inflict less economic damage than many had envisaged.
2 days ago
Open electricity market goes island-wide in stages from Nov 1
Janice Heng - THE open electricity market will be extended to all consumers in Singapore, zone by zone, starting from Nov 1, the Energy Market Authority (EMA) announced on Friday.
2 days ago
Uber-Deliveroo deal: Singapore deja vu for ridehailing giant?
Jacquelyn Cheok - THE Uber-Deliveroo deal unveiled on Friday could present Uber with a dilemma in South-east Asia, where Uber owns a nearly 30 per cent stake in Grab (which runs GrabFood, a Deliveroo rival), and where Deliveroo is said to be the market leader in food delivery in Singapore.
2 days ago
Tech-crazy Asians - and the firms that woo them
Claudia Chong - FOR one morning only, StarHub chief executive Peter Kaliaropoulos had a special job. Donning a bright green company T-shirt, Mr Kaliaropoulos became a delivery man to a 53-year-old general manager of a cleaning company who had been a loyal StarHub customer since 2000.
2 days ago
Innovation 'is key for business success and needs right mindset'
Lynette Tan - INNOVATION remains a critical ingredient of business success, especially with disruptive forces affecting Singapore's industries today - disruptive forces which include new technologies, tighter operating constraints and changes in consumer demand patterns, said Senior Minister of State for Tr ...
2 days ago
NTUC Enterprise to buy Kopitiam, subsidiaries for undisclosed sum by year-end
Leila Lai - NTUC Enterprise Co-operative Limited is acquiring homegrown food centre operator Kopitiam Investment and its subsidiaries as part of its social mission to ensure that cooked food remains affordable and accessible to the Singapore community, it announced on Friday.
2 days ago
Safe as houses? The property investment story so far
Kalpana Rashiwala - IT is in the collective consciousness of Singaporeans that owning property is a big part of being - and getting - rich. For many families in Singapore, investing in property has proven to be a good way to preserve, if not enhance, their wealth and to build up a retirement nest egg.
2 days ago
Vibrant Group in talks over sale and leaseback of its Jurong Island property
Nisha Ramchandani - VIBRANT Group's subsidiary, LTH Logistics (Singapore), is in exclusive discussions with an international real estate fund about the possible sale-and-leaseback of its chemical logistics and warehousing facility for over S$220 million.
2 days ago
SGX proposes new 'trade at close' session for securities market
Claudia Chong - THE Singapore Exchange (SGX) has proposed a new five-minute long trading session for the securities market that will take place after the closing auction routine ends.
2 days ago
Valuetronics resumes production at flooded Guangdong plant
Kenneth Lim - VALUETRONICS Holdings has resumed production at a plant in Guangdong, China and will ramp up operations at the facility gradually, the electronics manufacturing services company announced on Friday during the midday trading break.