2 hours ago
China welcomes US to visit to discuss trade
Kemal Dervis - China on Sunday said it welcomed plans by top U.S. officials to visit the country to discuss trade and economic issues, amid tensions between the world's two largest economies.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 hours ago
China welcomes US to visit China to discuss trade
Kemal Dervis - China on Sunday said it welcomed plans by top U.S. officials to visit the country to discuss trade and economic issues, amid tensions between the world's two largest economies.
7 hours ago
World Bank shareholders approve US$13 billion capital increase
Kemal Dervis - World Bank shareholders approved a "historic" increase in the bank's lending capacity on Saturday (Apr 21) after the United States backed a reform package that curbs loans and charges more for higher income countries like China.
8 hours ago
Japan may soften trade stance as US keeps up pressure
Kemal Dervis - Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is gradually shifting gear to adjust to a trade environment shaken up by U.S. President Donald Trump.
9 hours ago
EU, Mexico reach agreement on free trade deal
Kemal Dervis - The EU and Mexico said Saturday they had reached an "agreement in principle" to modernise a free-trade deal sealed in 2000 between Brussels and the Latin American country.
10 hours ago
World Bank says shareholders endorse capital increase
Kemal Dervis - The World Bank said on Saturday its shareholders had endorsed a US$13 billion paid-in capital increase, a series of internal reforms and a set of policy measures to strengthen the international lender's capabilities.
10 hours ago
EU, Mexico reach 'agreement in principle' on free-trade deal
Kemal Dervis - The EU and Mexico said Saturday they had reached an "agreement in principle" to modernise a free-trade deal sealed in 2000 between Brussels and the Latin American country.
11 hours ago
Door to US-China trade talks seems to open after IMF meeting
Kemal Dervis - The gathering of world finance ministers began with heightened anxiety about the potential damage a US-China trade war could do to the economic recovery but ended Saturday with a door open to negotiations.
12 hours ago
US signals support for increase in World Bank funding
Kemal Dervis - US Treasury Secretary Steven Mnuchin on Saturday signaled Washington would support the World Bank request for a sharp increase in lending capacity in exchange for reforms to curb loans to higher income countries like China.
13 hours ago
US Treasury's Mnuchin considering trip to China for trade talks
Kemal Dervis - US Treasury Secretary Steven Mnuchin said Saturday he was considering a trip to Beijing to hold talks on the trade dispute that is seen as a threat to the global economy.
17 hours ago
Telecom standards group puts new technology on hold in wake of US probe
Kemal Dervis - A telecommunications standards organization - GSMA - said on Saturday it is delaying implementation of a new cellphone technology due to a U.S. government probe of alleged coordination between the group, AT&T Inc and Verizon Communications Inc to hinder consumers from easily switching wireless ...
18 hours ago
US sanctions on Vekselberg have US$1.5-US$2 billion assets frozen: sources
Kemal Dervis - ZURICH/MOSCOW - Assets totaling between US$1.5 billion and US$2 billion have been frozen as a result of sanctions imposed on Russian oligarch Viktor Vekselberg and his Renova Group conglomerate, two sources close to the matter told Reuters on Saturday. The United States imposed sanctions against ...
19 hours ago
Ford tells WPP it will take bids from other ad agencies
Kemal Dervis - Ford Motor Company said on Saturday it will take bids on some of its advertising managed by WPP , adding to uncertainty around the British ad giant after last week's exit of founder Martin Sorrell.
19 hours ago
Multiple 'No' votes at Deutsche Bank's April 8 meet to change CEO - sources
Kemal Dervis - Multiple supervisory board members cast dissenting votes at a meeting that reshuffled top management at Deutsche Bank earlier this month, according to several people with knowledge of the matter.
1 day ago
Wells Fargo's big fine puts fresh focus on power of Trump tweets
[WASHINGTON] For years, Republican lawmakers and regulators have groused about big corporate fines, arguing that they mostly punish blameless shareholders, not the executives who are responsible for misconduct.
1 day ago
ECB is said to see scope to wait for July to signal end of QE
[FRANKFURT] European Central Bank policy makers see scope to wait until their July meeting to announce how they'll end their bond-buying program, according to euro-area officials familiar with the matter.
1 day ago
Apple's shares slip again as concern mounts over iPhone sales
[TORONTO] Apple Inc fell for the third day after analysts at Morgan Stanley cut their forecasts for iPhone shipments, adding to concern about the tech giant's primary source of revenue ahead of quarterly earnings in May.
1 day ago
US grain ships change direction mid-voyage after China tariffs
[CHICAGO] At least two ships loaded with sorghum have changed course while sailing across the Indian Ocean after China imposed a hefty tariff on US supplies this week The N Bonanza and RB Eden were loaded with sorghum at the port of Corpus Christi, Texas. Both departed mid-March, destined for Shang ...
1 day ago
Takeda adds more cash in boosting Shire bid over US$60b
[LONDON] Takeda Pharmaceutical Co sweetened its offer for drugmaker Shire Plc to more than US$60 billion after three prior bids were rejected, wooing investors in the US company with a higher cash component.
1 day ago
India's ATMs are running out of cash. Again.
[NEW DELHI] For the second time in 18 months, India has a shortage of cash. And like last time, economists say, it's primarily the government's fault.
1 day ago
Trump's next US$100 billion tariff dilemma: hit Wal-Mart or Apple Store?
Kemal Dervis - U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days.
1 day ago
Ahead of Malaysian polls, bots flood Twitter with pro-government messages
[KUALA LUMPUR] Just weeks before Malaysia goes to the polls, automated accounts known as bots are flooding Twitter with tens of thousands of pro-government and anti-opposition messages, according to a review of the tweets by Reuters and a US digital media research institute.
1 day ago
NY to ban cars from Manhattan's Central Park
[NEW YORK] New York will soon ban cars from its beloved Central Park, the city's mayor announced Friday, citing a commitment to reducing pollution and "prioritising people over cars."
1 day ago
Ferragamo names veteran Gucci executive as general manager
[FLORENCE, Italy] Italy's Salvatore Ferragamo appointed Gucci executive Micaela Le Divelec as general manager on Friday, postponing selection of a new chief executive.
1 day ago
Nafta ministers to meet again as elections quicken pace
[WASHINGTON] Nafta talks will continue through the weekend before ministers regroup Tuesday, as negotiations take on new urgency while Mexico cautions nothing is imminent.
1 day ago
US said to investigate AT&T, Verizon over wireless collusion claim: source
Kemal Dervis - The U.S. Justice Department has opened an antitrust probe into potential coordination by AT&T , Verizon and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, the New York Times reported on Friday, citing six people with knowledge of the ...
1 day ago
US, Europe order emergency checks on engine type in Southwest accident
Kemal Dervis - European and U.S. airline regulators on Friday ordered mandatory inspections within 20 days of aircraft engines similar to one involved in a fatal Southwest Airlines accident earlier this week.
1 day ago
Google, Twitter pressed to follow Facebook into Senate hearings
[WASHINGTON] The chief executive officers of Google and Twitter may be next to follow Mark Zuckerberg into a gauntlet of congressional hearings.
1 day ago
US-China trade tension dominates IMF gathering
[WASHINGTON] Trade tensions between the United States and China, which threaten to spill over into the global economy, are dominating a gathering of world finance officials even as the Group of 20 avoided the topic on Friday.
1 day ago
Oil recovers after sliding on Trump tweet criticising Opec
[NEW YORK] Oil prices edged up on Friday, stabilising after an earlier slide driven by US President Donald Trump's criticism of Opec's role in pushing up global oil prices.
1 day ago
A US recession ahead? Fed policymakers say not to worry
[CHICAGO] As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation has risen over whether the so-called yield curve is signaling that a recession could be around the corner.
1 day ago
AT&T, Verizon said to face US probe over mobile technology
[WASHINGTON] AT&T Inc and Verizon Communications Inc are under investigation by US antitrust officials over whether the companies worked with an industry standards group to make it tougher for consumers to switch wireless carriers, according to two people familiar with the matter.
1 day ago
North Korea says will stop nuclear tests, scrap test site
[SEOUL] North Korea will immediately suspend nuclear and missile tests and scrap its nuclear test site and instead pursue economic growth and peace, the North's state media said on Saturday, ahead of planned summits with South Korea and the United States.
1 day ago
North Korean leader suspends nuclear and missile tests, shuts down test site
[TOKYO] North Korean leader Kim Jong Un has declared he will suspend nuclear and missile tests starting Saturday, and that he will shut down the site where the previous six nuclear tests were conducted.
1 day ago
Europe: Shares mark fourth week of gains; Ericsson shines
[MILAN] European shares held steady on Friday at the end of a strong week as a rally in commodities softened, although strong earnings updates boosted shares in Ericsson and Telia.
1 day ago
US: Worries about interest rates, Apple hit US stocks
[NEW YORK] Wall Street stocks finished the week on a downcast note, falling Friday on worries about higher interest rates and tech giant Apple's prospects.