11 minutes ago
Oil traders ready for musical chairs as China tariffs loom
[NEW YORK] Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of US energy products, including crude.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 minutes ago
Europe: Shares enjoy timid rebound though trade war fears linger
[LONDON] European shares climbed on Wednesday but the modest rebound failed to erase the previous session's losses as investors' fears about an ongoing trade dispute between the United States and China lingered.
18 minutes ago
'Strong' case for further rate hikes: Federal Reserve's Powell
[WASHINGTON] Historically low unemployment and signs of rising inflation mean there is a "strong" case for continued, steady interest rate hikes, US Federal Reserve Chairman Jerome Powell said on Wednesday.
20 minutes ago
US: Nasdaq ends at record on tech, media strength; Dow dips
[NEW YORK] The Nasdaq jumped to a fresh record on Wednesday, boosted by tech and media shares, while the Dow continued to be weighed down by trade war anxiety.
21 minutes ago
Commentary: Singapore Airlines to launch world's longest commercial flight - again
SIA recently announced plans to re-introduce a flight they scrapped just five years ago. One aviation industry observer discusses what's changed.
21 minutes ago
Daimler cuts profit forecast, blaming US-China tariffs
FRANKFURT AM MAIN: German luxury car manufacturer Daimler on Wednesday (Jun 20) cut its profit forecast for 2018, blaming new tariffs on cars exported from the United States to China, amid lingering fears of a trade war between the world's biggest economies. "Fewer than expected SUV sales and ...
1 hour ago
Daimler sees lower 2018 profit, blames trade war, emissions clamp-down
Daimler on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles.
1 hour ago
Micron's quarterly results, forecasts beat on higher chip demand
REUTERS: Micron Technology Inc's third-quarter profit and current-quarter forecasts beat Street's expectations, as the chipmaker benefited from a strong demand for its memory chips used in computers and smartphones amid tight supply. The company has been selling more memory chips at higher prices .. ...
1 hour ago
Strawberries take Singapore towards self-sustainability
Lisayani Kriwangko - SUSTENIR Agriculture's launch of the first commercialised locally grown strawberries in Cold Storage One North takes Singapore a step closer towards self-sustainability.
1 hour ago
Cryptocurrencies fall as Korean exchange reports 35b won theft
CRYPTOCURRENCIES dropped after the second South Korean exchange in as many weeks said that it was hacked, renewing concerns about the safety of digital-asset trading venues.
1 hour ago
Tiny central Asian nation - Kyrgyzstan - hoards gold as shield against trade war
WHAT do you do when your two biggest trading partners are embroiled in economic standoffs with the United States? You buy as much gold as you possibly can.
1 hour ago
Chinese developers eye US$ bonds even at double-digit coupons
IN WHAT is increasingly a buyer's market for offshore Chinese debt, some of the country's property developers are having to offer double-digit coupons to borrow for just two years.
1 hour ago
Thailand bucks S-E Asia trend by keeping interest rates on hold
THAILAND'S central bank left its benchmark interest rate unchanged near a record low, bucking a regional trend as more central banks tighten policy amid a global emerging-market rout.
1 hour ago
Supermarket stocks show defensive performance in 2018
Stephanie Luo - LISTED supermarkets in Singapore have performed comparatively defensively since the end of April, amid regional concerns of a stronger US dollar and US-China tariff tensions, the Singapore Exchange said on Tuesday.
1 hour ago
Asian markets facing 'a disconnect': BlackRock
Leila Lai - MARKET sentiment in Asia is cowering under the threat of a trade war between the US and China, but corporate fundamentals are proving more robust than they might seem, investment management corporation BlackRock said on Wednesday.
1 hour ago
General Electric loses place in elite Dow Jones Industrial Average
GENERAL Electric Co has lost its spot in the Dow Jones Industrial Average after more than a century in the blue chip stock index, a new blow to a company that once towered over the American business landscape but is now struggling to retain its standing as an industrial powerhouse.
1 hour ago
Bargain hunters lift Singapore shares
Annabeth Leow - SINGAPORE traders have bought on the dip, putting the local market out of its misery on Wednesday.
1 hour ago
Brokers' take
WE remain optimistic for full-year results, as consumer confidence in Indonesia picks up. Meanwhile, Delfi's efforts to focus on core brands have shown positive results in sales since Q1 2018. We believe the uptick in volume could more than offset the negatives from rupiah depreciation.
1 hour ago
US dollar hits 11-month high amid trade conflict
THE dollar hit an 11-month high against a basket of its rivals on Wednesday as an escalating trade conflict kept investors from buying higher-yielding currencies and markets braced for growing volatility.
1 hour ago
Xiaomi targets as much as US$6.1b in HK IPO: sources
CHINESE smartphone maker Xiaomi Corp is planning to raise up to US$6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years.
1 hour ago
SoftBank's Masayoshi Son remakes his inner circle with 3 new appointments
MASAYOSHI Son elevated two SoftBank Group Corp executives and one outsider to his inner circle, appointments that become official on Wednesday.
1 hour ago
Meet the virtual vigilantes who are saving lives
WHEN not detecting intelligence threats to oil rigs and dams, Sergio Caltagirone spends his spare time hunting a different kind of predator - traffickers trading in human beings, from war-torn Syria to sleepy US suburbs.
1 hour ago
China-based campaign breaches satellite, defence firms: Symantec
A SOPHISTICATED hacking campaign launched from computers in China burrowed deeply into satellite operators, defence contractors and telecommunications companies in the United States and South-east Asia, security researchers at Symantec Corp said on Tuesday.
1 hour ago
Silicon Valley-style coding boot camp arrives in Japan
BARELY six months after inaugurating a tiny software-coding boot camp in a basement in Tokyo, Silicon Valley transplant Kani Munidasa stood before some of Japan's top business leaders in February with a warning: software was threatening their future.
1 hour ago
Amazon's Alexa will now play butler at Marriott hotels
AMAZON.COM Inc said on Tuesday that it has partnered with Marriott International Inc to help increase guest access to amenities with Alexa, through its voice-controlled device Echo, in an attempt to expand its presence in the hospitality industry.
1 hour ago
Strawberries take S'pore towards self-sustainability
Lisayani Kriwangko - SUSTENIR Agriculture's launch of the first commercialised locally grown strawberries in Cold Storage One North takes Singapore a step closer towards self-sustainability.
1 hour ago
Japan's casino school enrolment increases in anticipation of IRs
AT a Tokyo casino school, Takuto Saito settled behind a green table and reached for the roulette wheel, addressing a group of imaginary punters: "Spin up. Place your bets."
1 hour ago
Will SembMarine chairman leave to lead Petronas?
Tan Hwee Hwee - WITH Mahathir Mohamad once again prime minister of Malaysia, there's been much buzz about who will be the next chairman of Petronas, the highest ranking national oil company in South-east Asia on the 2017 Fortune Global 500 list.
1 hour ago
Maybe the Big Four auditing firms do need breaking up
SIXTEEN years after the Enron scandal, auditing firms are again in the news for their failure to detect accounting shena-nigans - at British contractor Carillion, at South African retailer Steinhoff, at Colonial BancGroup in the US. This has revived a recurring question: Are the firms' other b ...
1 hour ago
China digs a trench for US trade siege
IF you're about to start a trade war, best ensure your citizens are in an optimistic mood. That's one way of looking at the US tax cuts passed last November. Stimulus from that law will boost economic growth by about three-quarters of a percentage point this year and next, Federal Rese ...
1 hour ago
Manufacturing still matters: 5 reasons why the IMF is wrong
JOSTEIN HAUGE - ACCORDING to new research by the International Monetary Fund (IMF), countries need no longer rely on manufacturing for productivity growth. It is not the first to take a jab at so-called manufacturing "fetishism"; economists like Jagdish Bhagwati and Christina Romer have also done so in r ...
1 hour ago
Brexit: much at stake for Singapore property investors in UK
OVER the weekend, listed property group Ho Bee Land announced that it was paying £650 million (approximately S$1.16 billion)for a freehold 21-storey Grade A office building in London. Such a large freehold site in the City of London is said to be a rare find.
1 hour ago
Singapore summit is shifting Asian strategic landscape
Andrew Hammond - MOON Jae-in visits Russia from Thursday to Saturday in the first state visit by a sitting South Korean president since 1999. The landmark trip will see Mr Moon watch the South Korea-Mexico World Cup match on Saturday, but the real driver is Thursday's meeting with Russian president Vladimir Pu ...
1 hour ago
Reshaping the workforce through connectivity and intelligence
Tommy Leong - WE are living in a fast-changing digital world - from new business models to energy and power systems - where digital transformation is rolling out in full force. In this increasingly competitive business landscape, the success of enterprises today is dependent on how they leverage connectivity, pr ...
1 hour ago
US, Europe missing a chance to solve migration
Leonid Bershidsky - AS THE global number of asylum seekers continues to increase, migration is now a political lightning rod on both sides of the Atlantic. And yet politicians don't seem interested in solving the problem so much as wielding it against opponents.
1 hour ago
Holland Drive five-room HDB flat sold for S$1.1 million
A FIVE-room Housing Board flat at Holland Drive has been sold in June for S$1.1 million, setting a new record for the area.