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

Singapore Stock Market News Singapore Business News Singapore Market Updates

21 minutes ago

SPH REIT launches private placement to raise more than $161.5 mil to help fund Australian shopping centre acquisition

Stanislaus Jude Chan - SINGAPORE (Nov 21): The manager of SPH REIT has announced the launch of a private placement to raise gross proceeds of no less than $161.5 million to partially fund its proposed acquisition of a 50.0% stake in Westfield Marion Shopping Centre in South Australia. Under the private placement, SPH REI ...

23 minutes ago

Singapore stocks: STI resumes Thursday afternoon down 0.82% on day

Rachel Mui - SINGAPORE shares resumed trading still deep in negative territory on Thursday, with the Straits Times Index down 26.38 points, or 0.82 per cent to 3,203.40 as at 1pm. 

1 hour ago

Johnson & Johnson loses pelvic mesh implant lawsuit in Australia, agrees to pay US$117 million

Ng Ren Jye - More than 1,350 Australian women won a seven-year-old class action lawsuit on Thursday against Johnson & Johnson (J&J) for misleading patients and surgeons about the risks of the pharmaceutical giant's pelvic mesh implants.

1 hour ago

Liang Court site to be turned into integrated development with 700 apartments

Ng Ren Jye - SINGAPORE: The Liang Court site at Clarke Quay is set to be turned into an integrated development with two residential towers consisting of 700 units. In a joint news release on Thursday (Nov 21), City Developments (CDL) and CapitaLand announced that they will be joined by Ascott Residence Trust . ...

1 hour ago

'New things happening in new parts of the world and we need to be part of that story': PM Lee

Ng Ren Jye - MEXICO CITY: Singapore should not miss out on business opportunities in promising markets in North, South and Central America, said Prime Minister Lee Hsien Loong on Wednesday (Nov 20) as he wrapped up his four-day official visit to Mexico. “There are new things happening in new parts of the worl ...

1 hour ago

Family of worker who died in Shaw Plaza accident given ‘cash token’, insurance payout to come

tessa.oh -

2 hours ago

US-China 'phase one' trade deal may not be inked this year

WASHINGTON: Completion of a "phase one" U.S.-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own. An initial trade deal .. ...

2 hours ago

Shares stumble as China-US row over Hong Kong clouds trade deal outlook

TOKYO: Global shares slid on Thursday (Nov 21) as a fresh row between Washington and Beijing over US bills on Hong Kong could complicate their trade negotiation and delay a "phase one" deal that investors had initially hoped to be inked by now. MSCI's broadest index of Asia-Pacific shares outside . ...

2 hours ago

Johnson & Johnson loses pelvic mesh class action in Australia

Ng Ren Jye - More than 1,350 Australian women won a seven-year-old class action lawsuit on Thursday against Johnson & Johnson (J&J) for misleading patients and surgeons about the risks of the pharmaceutical giant's pelvic mesh implants.

2 hours ago

Singapore’s Carousell merges with Telenor’s 701Search at $850m valuation

Mars W. Mosqueda Jr. - The merger will bring in Telenor as the single largest minority shareholder in Caroussell at 32 per cent. The post Singapore’s Carousell merges with Telenor’s 701Search at $850m valuation appeared first on DealStreetAsia.

2 hours ago

Apple, Intel file antitrust case against SoftBank-owned firm over patent practices

Ng Ren Jye - Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Softbank Group Corp-owned Fortress Investment Group, alleging the firm stockpiled patents to hold up technology companies with lawsuits.

2 hours ago

SG-listed CDL Hospitality Trusts to sell Novotel hotel, acquire W Singapore

Mars W. Mosqueda Jr. - The deal is part of CDLHT's efforts to further strengthen its presence in Singapore's lifestyle hotel segment. The post SG-listed CDL Hospitality Trusts to sell Novotel hotel, acquire W Singapore appeared first on DealStreetAsia.

2 hours ago

SIAS worries over Utico's last-minute changes on Hyflux deal

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No They hope that the outcome will benefit holders of the perpetual securities and preference shares. The Securities Investors Association of Singapore (SIAS) has expressed concerns about the lack of finality on Utico’s offer for Hyflux, ac ...

2 hours ago

Micron relationship with Huawei 'very good', chief executive says

Ng Ren Jye - REUTERS: American memory chipmaker Micron's relationship with China's tech giant Huawei 'continues to be very good', its chief executive, Sanjay Mehrotra, said on Thursday. He was speaking to broadcaster CNN on the sidelines of the Bloomberg New Economy Forum in Beijing. (Reporting by Yawen Chen ...

2 hours ago

Alibaba’s bankers get more buck for their bang

Clara Ferreira-Marques - [HONG KONG] Phalanxes of bankers have been enlisted around the world to sell a combined US$45 billion of stock in the year's three biggest equity deals. Alibaba's advisers come out ahead of those working for Uber Technologies and Saudi Aramco, at least when measured by return on effort.

2 hours ago

5G is more than just faster download speeds, can make lives 'much better': Iswaran

SINGAPORE: The move to 5G networks here has the potential to make work more efficient and productive and make lives much better, said Minister for Communications and Information S Iswaran in an interview with CNA938 on Wednesday (Nov 20). In October, Mr Iswaran announced that 5G coverage – the .. ...

2 hours ago

Apple, Intel file antitrust case against SoftBank-backed firm over patent practices

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Softbank Group Corp-owned Fortress Investment Group, alleging the firm stockpiled patents to hold up technology companies with lawsuits.

3 hours ago

Singapore's exports down 9.6% in Q3

tessa.oh -

3 hours ago

Singapore narrows 2019 growth forecast to 0.5-1% as Q3 GDP picks up

SINGAPORE: Singapore narrowed its annual growth forecast to a range of 0.5 per cent to 1 per cent on Thursday (Nov 21), as official data showed the economy picking up pace slightly in the third quarter. This marks the third revision in the country’s 2019 growth forecast, which was previously ...

3 hours ago

GDP to grow 0.5-1% in 2019: MTI

Staff Reporter - Submitted By:  Clarist Zablan Case Study:  No Manufacturing performed better than expected in Q3. Singapore’s GDP growth is projected to be in between 0.5% to 1% in 2019, up from the earlier flash estimates of 0%-1%, according to forecasts from the Ministry of Trade and Industry (MT ...

3 hours ago

Google bars elections ads from using political leanings, voter data

Alphabet's Google will stop giving advertisers the ability to target election ads using data such as public voter records and general political affiliations, the company said in a blog post on Wednesday.

3 hours ago

GM sues Fiat Chrysler, alleging union bribes cost it billions

General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM.

3 hours ago

Google to let sites block personalised ads under California privacy law

Ng Ren Jye - Websites and apps using Google's advertising tools will be able to block personalized ads to internet users in California and elsewhere as part of the Alphabet Inc unit's effort to help them comply with the state's new privacy law, it told clients this week.

3 hours ago

Mexicans sue Walmart over Texas shooting that left victims on both sides of border

Ten Mexican citizens have sued Walmart over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its customers, Mexico said on Wednesday.

3 hours ago

NODX decline narrows to 9.6% in Q3

Staff Reporter - Submitted By:  Nathanielle Punay Case Study:  No It is projected to further slide between 10% to 9.5%. The continuous decline in NODX has narrowed to 9.6% YoY in Q3, following the 14.7% dip in Q2, according to data from Enterprise Singapore. This was blamed on decreased shipments of both ...

3 hours ago

CPTPP signals support for Singapore, Mexican businesses to venture overseas: PM Lee

Ng Ren Jye - MEXICO CITY: The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) - which both Mexico and Singapore are part of - signals to companies that their governments encourage and support their ventures into each other’s countries, said Singapore Prime Minister Lee Hsien Loon ...

4 hours ago

City Dev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay

Stanislaus Jude Chan - SINGAPORE (Nov 21): The iconic Liang Court site along River Valley Road has seen better days. But now, the 35-year-old property could get a facelift in a massive deal involving City Developments (CDL), CapitaLand, Ascott Residence Trust (Ascott REIT) and CDL Hospitality Trusts (CDLHT). Opened in 19 ...

4 hours ago

Singapore shares decline at Thursday's open; STI down 0.86%

Vivienne Tay - SINGAPORE stocks opened weaker on Thursday following news of the government <a href="https://www.businesstimes.com.sg/government-economy/singapore-narrows-20... its full-year GDP growth forecast</a> for 2019 to 0.5 to 1 per cent.

4 hours ago

Stocks to watch: CapitaLand, CDL, Ascott Reit, CDLHT, SPH Reit, GDS Global

Rachel Mui - THE following companies saw new developments that may affect trading of their shares on Thursday:

4 hours ago

Trump considering whether Apple should be exempt from China tariffs

President Donald Trump said on Wednesday after touring a plant that assembles Apple Inc computers that he was considering whether to exempt the U.S. company from tariffs on imports from China.

4 hours ago

CDL Hospitality Trusts to sell Novotel hotel for S$375.9m, buy W Singapore hotel for S$324m

Ng Ren Jye - CDL Hospitality Trusts (CDLHT) will&nbsp;sell Novotel Singapore Clarke Quay, part of a Liang Court site for redevelopment, for&nbsp;S$375.9 million and make an up-to-S$475 million forward purchase of a new hotel that will be part of the new integrated development.

5 hours ago

SPH Reit launches private placement to raise at least S$161.5m

Vivienne Tay - SPH Reit has launched a private placement to raise at least S$161.5 million to partially fund its proposed A$670 million (S$627.9 million) acquisition of a 50 per cent stake in a shopping centre in South Australia.

5 hours ago

Singapore narrows 2019 growth forecast to 0.5-1% as Q3 growth picks up

amanda.eber -

5 hours ago

Daily Briefing: Three in four students expect starting pay of over $3,000; EPS to co-launch global maritime accelerator

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No And Taiwan’s cloud provider CloudMile plans to enter Singapore in 2020. From HumanResourcesOnline: Three in four or 75.9% of Singaporean students expect more than $3,000 starting pay from their first job, according to a survey CareerBuil ...

5 hours ago

Google to let sites block personalized ads under California privacy law

Ng Ren Jye - Websites and apps using Google's advertising tools will be able to block personalized ads to internet users in California and elsewhere as part of the Alphabet Inc unit's effort to help them comply with the state's new privacy law, it told clients this week.

5 hours ago

Gojek said to be spinning out financial services arm

Sarah Yuniarni - Dkatalis is currently understood to be in the process of hiring employees across the region and moving Go-Finance staff to the new entity. The post Gojek said to be spinning out financial services arm appeared first on DealStreetAsia.