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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34 minutes ago

Boeing holds test flights for 737 MAX after crashes

NEW YORK: Boeing has flown test flights of its 737 MAX to evaluate a fix for the system targeted as a potential cause of two deadly plane crashes, two sources familiar with the matter said on Tuesday (Mar 26). The aviation giant, which has been under fire and its flagship narrow-body planes ...

37 minutes ago

US labor unions say NAFTA replacement does not go far enough for workers

Vivienne Tay - U.S. labor officials on Tuesday pressed lawmakers to strengthen enforcement of the provisions of the United States-Mexico-Canada Agreement (USMCA) intended to protect workers, the latest sign that the trade deal could face hurdles to passage in the Democrat-led House of Representatives.

1 hour ago

Daimler nears deal to sell half its Smart unit to China's Geely: FT

Vivienne Tay - Daimler AG is nearing the sale of a 50 percent stake in its small-car brand Smart to China's Geely Automobile Holdings Ltd, the Financial Times said on Tuesday, citing three people familiar with the matter.

1 hour ago

Wall Street edges up; financials on track to snap losing streak

Vivienne Tay - U.S. stock index futures edged higher on Tuesday, looking to bounce back from two sessions of declines triggered by pessimism around global growth.

1 hour ago

Google launches global council to advise on AI and tech ethics

Vivienne Tay - Alphabet Inc's Google said on Tuesday it was launching a global advisory council to consider ethical issues around artificial intelligence and other emerging technologies.

2 hours ago

Kosovo aims to ban gambling after two casino workers killed in robberies

Vivienne Tay - PRISTINA: Kosovo's government said it will ban gambling for 10 years following the deaths of two casino workers this month during armed robberies in separate towns. After the deaths, customs officials raided dozens of gambling shops and found many of them were operating illegally. More than ...

2 hours ago

Google launches global council to advise on tech ethics

Vivienne Tay - Alphabet Inc's Google said on Tuesday it was launching a global advisory council to consider ethical issues around artificial intelligence and other emerging technologies.

2 hours ago

OxyContin maker Purdue reaches US$270 million settlement in Oklahoma opioid case

Vivienne Tay - Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the OxyContin painkiller maker of helping fuel an opioid abuse epidemic, a person familiar with the matter said.

2 hours ago

Toyota sees slower sales growth in South America, Caribbean in 2019: executive

Vivienne Tay - Toyota Motor Co expects its sales in South America and the Caribbean to rise 0.9 percent in 2019 compared with last year, Celso Simomura, vice president of Toyota's Brazil operation, said on Tuesday.

2 hours ago

Lufthansa plans to buy either Boeing 737 MAX or Airbus A320neo

Deutsche Lufthansa AG plans to buy a triple-digit number of either Boeing 737 MAX or Airbus A320neo jetliners to expand its fleet, chief executive Carsten Spohr said on Tuesday.

2 hours ago

US trade judge recommends import ban on some Apple iPhones

Vivienne Tay - A U.S. trade judge on Tuesday recommended Qualcomm Inc be granted a request for an import ban on some iPhones sold by Apple Inc.

2 hours ago

oBike owner eyes acquisition of Mobike’s international ops: Report

Nguyen Thi Bich Ngoc - OSS Inversiones, which acquired oBike last year, has reportedly offered to acquire the international operations of Chinese bike-sharing firm Mobike. The post oBike owner eyes acquisition of Mobike’s international ops: Report appeared first on DealStreetAsia.

2 hours ago

China bans imports from second Canadian canola company

Vivienne Tay - BEIJING: China has banned imports from a second Canadian canola firm, its customs administration said on Tuesday (Mar 26), the latest escalation in a burgeoning row between the two countries. Following the detection of harmful organisms in canola shipments from Viterra Inc., China's customs ...

3 hours ago

Exclusive: FAA to overhaul air safety oversight by July - US inspector general

The acting head of the U.S. Federal Aviation Administration will tell a congressional panel on Wednesday that the agency’s oversight approach must "evolve" after two fatal Boeing 737 MAX crashes since October, according to written testimony viewed by Reuters.

3 hours ago

Tech, energy shares prop up Wall Street

Vivienne Tay - U.S. stock index futures edged higher on Tuesday, looking to bounce back from two sessions of declines triggered by pessimism around global growth.

3 hours ago

General Electric in US$49 million settlement over Petters fraud

Vivienne Tay - General Electric Co has reached a US$49 million settlement to end a long-running lawsuit over its relationship with Thomas Petters, the Minnesota businessman serving a 50-year prison term for running a multibillion-dollar Ponzi scheme.

3 hours ago

EU demands scrutiny of 5G risks but no bloc-wide Huawei ban

EU nations will be required to share data on 5G cybersecurity risks and produce measures to tackle them by the end of the year, the European Commission said on Tuesday, shunning U.S. calls to ban China's Huawei Technologies across the bloc.

3 hours ago

Pound rebounds on Brexit deal hopes

Vivienne Tay - LONDON: Sterling rallied on Tuesday (Mar 26) on fresh hope that British Prime Minister Theresa May would avoid a chaotic no-deal Brexit, while global stock markets recovered. The pound jumped as high as US$1.3262 in London morning deals, before tempering the gains by the afternoon. The European ...

3 hours ago

European leaders demand win-win relationship with China

Vivienne Tay - PARIS: China's President Xi Jinping on Tuesday (Mar 26) attempted to dispel concern about his country's growing presence in Europe at a meeting with French, German and EU leaders who stressed their desire for a more balanced relationship. French President Emmanuel Macron was joined by Germany's ...

3 hours ago

EU presents plan for safe 5G amid Huawei suspicions

Vivienne Tay - STRASBOURG, France: The European Commission on Tuesday (Mar 26) presented its plan to ensure the secure introduction of 5G telecoms networks, with suspicions hanging over Chinese giant Huawei. The United States has accused the firm of posing a security risk to western networks, because of its ...

4 hours ago

Exclusive: FAA says oversight needs to 'evolve' after Boeing crashes

The acting head of the U.S. Federal Aviation Administration will tell a congressional panel on Wednesday that the agency’s oversight approach must "evolve" after two fatal Boeing 737 MAX crashes since October, according to written testimony viewed by Reuters.

4 hours ago

Ethiopian crash report likely to be released this week

ADDIS ABABA/SEATTLE: A preliminary report on an Ethiopian Airlines crash will very likely be released this week, the country's transport ministry said on Tuesday, as Boeing prepares to brief more airlines on software and training updates on the 737 MAX jet. The aviation industry and grieving ...

4 hours ago

US consumer confidence retreats in March

WASHINGTON: US consumer confidence retreated sharply in March, confounding expectations that the rebound in the prior month would continue, according to a private survey released on Tuesday (Mar 26). That decline, which included a more pessimistic view of current business and employment conditions ...

4 hours ago

Activist investors seek ouster of Bed Bath & Beyond CEO; shares surge

Vivienne Tay - Three activist investors disclosed a combined 5 percent stake in Bed Bath & Beyond Inc on Tuesday, seeking to replace the entire board and oust long-time Chief Executive Officer Steven Temares.

4 hours ago

Apple to launch a new credit card with Goldman. Are the perks worth it?

Apple said on Monday (Mar 25) it will launch a credit card with Goldman Sachs Group this summer that can be used to earn cash back on the purchase of Apple products, but analysts suggest its rewards do not stand out among rivals. The Apple Card will sync with iPhone's users' Apple Wallet and work .. ...

5 hours ago

Singapore’s cycling networks to expand over next 5 years

amanda.eber - 39 min 7 sec agoSINGAPORE — Good news for cycling enthusiasts: the Land Transport Authority (LTA) ann

5 hours ago

Singapore's factory production inches up 0.7% in February

SINGAPORE: Production in Singapore's factories inched up 0.7 per cent in February 2019 from a year prior, according to data released by the Economic Development Board (EDB) on Tuesday (Mar 26). Excluding biomedical manufacturing, output fell by 1.6 per cent in February. The cluster saw a 13.3 per ...

5 hours ago

Pay for your SQ flight with PayNow, as DBS and SIA ink partnership

linfhoong - SHERLYN SEAH46 min 3 sec agoSINGAPORE — Singapore Airlines (SIA) customers will soon be able to purchase their fl

5 hours ago

Exams, medical studies disrupted by fire at NUS building, 1,000 people evacuated

siewfern - Nicholas Khong1 hour 12 min agoSINGAPORE — About 1,000 people were evacuated from the Centre for Translational Medic

6 hours ago

Sleep-deprived Singaporean workers among most stressed globally: Survey

amanda.eber - NEO RONG WEI23 min 2 sec agoSINGAPORE — Singaporeans are not only sleep deprived, but they are also among the mos

6 hours ago

OxyContin maker Purdue reaches US$270 million settlement in Oklahoma opioid case: source

Vivienne Tay - Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the OxyContin painkiller maker of helping fuel an opioid abuse epidemic, a person familiar with the matter said.

6 hours ago

12 weeks’ jail for peeping tom who filmed victims, wished them Merry Christmas

amanda.eber - Louisa Tang33 min 29 sec agoSINGAPORE — First, he filmed women undressing and relieving themselves in a toilet cu

6 hours ago

Merck KGaA goes hostile in US$5.9 billion Versum takeover battle

German pharma group Merck KGaA on Tuesday sidestepped the management of takeover target Versum Materials and took its US$5.9 billion offer directly to the U.S. chemical company's shareholders.

6 hours ago

DBS Bank, SIA ink tie-up across multiple digital platforms

Vivien Shiao - DBS Bank and Singapore Airlines (SIA) signed a Memorandum of Understanding (MoU) on Tuesday to enable a seamless banking and travel customer experience for travellers by enhancing digital capabilities across various platforms.

6 hours ago

Sapphire Corp responds to SGX RegCo queries on full-year financial results

Vivien Shiao - SAPPHIRE Corporation on Tuesday maintained that its methodologies used to determine the value of the impairment of its trade receivables in its full-year financial results are "reasonable" as they were reviewed by external auditors.

7 hours ago

Thomas Cook to review money division in latest revamp

Vivienne Tay - Thomas Cook announced a review of its money division on Tuesday, in its latest step to streamline operations and focus on its core holiday business after a rough 2018 prompted profit warnings.