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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30 minutes ago

Singapore shares fall at Monday's open, tracking global losses; STI down 0.8%

SHREEDHEE SAJEEV - SINGAPORE shares started the week in negative territory on Monday (Nov 29), following a major sell-off in all global markets after a new coronavirus variant, Omicron, was found last week.

41 minutes ago

Yoma reverses from loss to US$216,000 in 2HFY21 despite Covid-19 disruptions

Felicia Tan - Yoma Strategic has reported earnings of US$216,000 ($296,080) for the 2HFY2021 ended September, reversing from the US$44.6 million loss registered in the 2HFY2020. This comes despite the lower revenue of US$43.4 million in the 2HFY2021, which was 15.2% lower than revenue of US$51.2 million. The lowe ...

1 hour ago

Yoma Strategic returns to profitability to hit US$216,000 net profit for H2

Venga Subramaniam - MAINBOARD-LISTED Yoma Strategic Holdings posted a net profit US$216,000 for the second half ending Sep,30,2021, reversing from a loss of US$44.6 million a year ago.

1 hour ago

Nissan Motor to spend US$17.6 billion to accelerate electrification

TOKYO : Nissan Motor Co said on Monday it will spend 2 trillion yen (US$17.59 billion) over the next five years to accelerate vehicle electrification as it bets tighter carbon emission restrictions will spur demand for electric cars and hybrids.Japan's No. 3 car maker will introduce 23 electrif ...

1 hour ago

Nissan Motor say to spend US$17.6 billion to accelerate electrification

TOKYO : Nissan Motor Co Ltd on Monday said it plans to spend 2 trillion yen (US$17.59 billion) over the next five years to accelerate vehicle electrification as it bets tighter restrictions on carbon emissions will spurs demand for electric cars and hybrids.The company in a press release said it wil ...

1 hour ago

ESR upsizes its first Sustainability-Linked Loan to US$1 billion

Goola Warden - Hong Kong Exchange-listed ESR Cayman announced that it had secured its first sustainability-linked loan (SLL) of US$700 million, with an option to upsize it to US$1 billion, on November 1, 2021. On the heels of the initial announcement, the Group has completed the incremental upsize portion of US$30 ...

1 hour ago

Shares of Macau casino operator Suncity suspended -HKEX

HONG KONG : Shares of Suncity Group Holdings Ltd were suspended on Monday after its chief executive was believed to be among 11 people arrested by Macau authorities on Sunday over alleged links to cross-border gambling and money laundering.The South China Morning Post reported that Macau police said ...

2 hours ago

Oil recoups losses from Friday, focusing on Omicron spread, Iran talks

TOKYO : Oil prices rose on Monday, recouping some losses after Friday's plunge of about US$10 a barrel, as investors looked for bargains but remained cautious with the focus on the Omicron coronavirus variant and Iran nuclear deal negotiations. Brent crude futures climbed US$3.05, or 4.2per cen ...

2 hours ago

Stocks to watch: Yoma, ThaiBev, Singtel, StarHub, China Everbright, Asian Healthcare Specialists

Wong Pei Ting - THE following companies saw new developments that may affect trading of their securities on Monday (Nov 29):

2 hours ago

Currencies recover from Omicron chaos but analysts warn more volatility ahead

OTTAWA : Currency markets calmed on Monday in Asia after the initial shock of the discovery of the Omicron coronavirus variant sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new strain.The risk-sensitive Australian dollar rose 0 ...

2 hours ago

Australia's economy likely contracted in Q3 but recovery expected soon: Reuters poll

BENGALURU : Australia's economy likely contracted in the third quarter as fresh lockdowns weighed on consumer spending and investments, but the extent of the fall was milder than the historic recession recorded last year, a Reuters poll showed.Despite Australia's success last year in conta ...

2 hours ago

Japan October retail sales boosted by fuel-price spike, broad trend still soft

TOKYO : Japan's retail sales rose for the first time in three months in October, though less than expected, and the underlying private consumption trend pointed to persistent strains on a fragile economic recovery despite an easing of COVID-19 curbs.Following a larger-than-expected contraction ...

2 hours ago

Japan Oct retail sales rise for first time in 3 months but less than expected

TOKYO : Japan's retail sales rose for the first time in three months in October, though less than expected, data showed on Monday, a sign private consumption has yet to pick up strongly despite the easing of COVID-19 curbs amid a fragile economic recovery.Following a larger-than-expected contra ...

3 hours ago

Clearlake Capital to buy Quest Software from Francisco Partners - WSJ

Private equity firm Clearlake Capital has struck a deal to buy Quest Software Inc from Francisco Partners, valuing it at US$5.4 billion including debt, the Wall Street Journal reported on Sunday, citing people familiar with the matter.The deal is formally expected to be announced as soon as Monday, ...

3 hours ago

US stock futures, oil regain some ground after Omicron battering

SYDNEY : Asian markets regained a little composure on Monday as investors settled in for a few weeks of uncertainty on whether the Omicron variant would really derail economic recoveries and the tightening plans of some central banks.Oil prices also bounced US$3 a barrel to recoup some of Friday ...

3 hours ago

Stocks, oil regain some composure after Omicron battering

SYDNEY : Asian markets were trying to regain some composure on Monday as the spread of the Omicron variant in developed nations threatened to derail economic recoveries and the tightening plans of some central banks.Oil prices also recouped some losses after Friday's shellacking, while the safe ...

3 hours ago

Indian fintech Slice raises US$220 million, hits "unicorn" status

NEW DELHI : Indian fintech company Slice said on Monday it had raised US$220 million in a Series B funding round led by investment giant Tiger Global and private equity firm Insight Partners that valued the company at more than US$1 billion.New and existing investors, including private equity firm A ...

3 hours ago

Exclusive-D. Telekom, Vodafone, others want US tech giants to help fund network costs

BRUSSELS : U.S. tech giants should bear some of the costs of developing Europe's telecoms networks because they use them so heavily, chief executives of Deutsche Telekom, Vodafone and 11 other major European telecoms companies said on Monday.The call by the CEOs comes as the telecoms industry f ...

3 hours ago

D Telekom, Vodafone, others want US tech giants to help fund network costs

BRUSSELS: US tech giants should bear some of the costs of developing Europe's telecoms networks because they use them so heavily, chief executives of Deutsche Telekom, Vodafone and 11 other major European telecoms companies said on Monday (Nov 28). The call by the CEOs comes as the telecoms in ...

3 hours ago

Even in tech hub Shenzhen, China's property market succumbs to chills

SHENZHEN, China: Life used to be good for Jerry Tang, who left his rural hometown in 2014 to become a real estate agent in Shenzhen - China's tech megacity and one of the world's hottest property markets. Just a few years ago Tang could make up to 50,000 yuan (US$7,800) in a good month sel ...

4 hours ago

The Big Read: As global clamour grows again to tax the rich more, Singapore weighs up the pros and cons

SINGAPORE: A little more than a decade ago, the leaderless Occupy Wall Street movement burst into the scene from the shadows of the global financial crisis, but quickly faded away in less than a year, leaving many to wonder what it actually achieved. The protest was a response to the growing dispar ...

5 hours ago

Navigating China's regulatory storm by balancing growth and risks

Angela Tan - CHINA'S property sector has taken a heavy beating as Beijing continues its deleveraging campaign, but Chinese property developer Yanlord Land Group is navigating the regulatory storm by balancing its growth plans and debt appetite, emerging among the more resilient in the sector.

5 hours ago

Real Estate Indonesia chief wants VAT waiver on new homes extended for another year

Leo Galuh - THE largest property developer association in Indonesia is urging the government to consider extending its temporary waiver of value-added taxes (VAT) on new home sales again, this time for another 12 months.

5 hours ago

HSBC to grow alternative funds in broader Asean market

Natalie Choy - HSBC is zeroing in on Asean markets to beef up its asset management business in the region, specifically as it expands its focus on alternative assets and ESG (environmental, social and governance) funds.

5 hours ago

Australia committed to being world leader in clean energy

Alan Finkel - WITH the arrival of spring in Australia, great golden bushes of wattle flowers - the country's national emblem - have burst into bloom, decorating the landscape and bringing the promise of some much-needed renewal.

5 hours ago

Is the Omicron sell-off a buying opportunity?

Ben Paul - OVER the weekend, the world became familiar with one of the more obscure letters of the Greek alphabet - Omi-cron.

5 hours ago

Holiday season, supply chain issues bolstering demand for warehousing

Nisha Ramchandani - AS THE festive season approaches, demand for warehousing and storage space is picking up, with some operators expecting to reap a bump in revenue.

5 hours ago

Trans-China Automotive founder boosts stake

Geoff Howie - FOR the five trading sessions that spanned Nov 19 to 25, the Straits Times Index (STI) declined 0.5 per cent, with the FTSE China A50 Index gaining 2.3 per cent, the Hang Seng Index declining 1.6 per cent and the FTSE Bursa Malaysia KLCI declining 0.8 per cent.

5 hours ago

Investors can expect high uncertainty

Mooris Tjioe - WITH the bulk of mega-cap earnings out of the way, the S&P500 (SPX) has lost some of its momentum seen earlier in November, taking a pause after breaking a series of all-time highs back then.

5 hours ago

Time for a revamp of the annual report

Raphael Lim - SOME industry players are pushing companies to rethink their annual reports - both in terms of how information is presented, and what goes into them.

5 hours ago

Developing energy-saving solutions for data centres

Uma Devi - AS businesses and people become more technologically savvy, the demand for data centres has risen exponentially.

5 hours ago

Powering up communities in remote areas

Yong Jun Yuan - MOST people may be surprised to learn that the idea for GenPlus was born in a McDonald's outlet.

5 hours ago

Logistics S-Reit with pure Japan assets lists on SGX

Candace Li - DAIWA House Logistics Trust (DHLT), which has an initial portfolio (IPO portfolio) of 14 logistics properties in Japan with an aggregate appraised value of approximately 80,570.0 million yen (S$952.9 million), made its debut on the Singapore Exchange last Friday (Nov 26).

5 hours ago

Jubilee enters MOU to sell electronics unit for indicative US$11m

Sharanya Pillai - JUBILEE Industries Holdings has entered a memorandum of understanding (MOU) to sell its fully-owned electronics unit, WE Components, for an indicative consideration of US$11 million, the Catalist-listed company said in a Saturday (Nov 27) bourse filing.

5 hours ago

Singapore to defer VTLs with 3 Middle East nations amid variant fears

Sharanya Pillai - SINGAPORE will defer the launch of Vaccinated Travel Lanes (VTLs) with Qatar, Saudi Arabia and the United Arab Emirates (UAE) until further notice, the Ministry of Health (MOH) announced on Sunday (Nov 28) night.

6 hours ago

Amazon exec says Omicron's impact on holiday spending uncertain

NEW YORK: A senior Amazon.com executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now. "It’s very early in the process of understanding what’s happening wi ...