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



1 hour ago
Uber suspends service in Morocco after two years
Gopalakrishnan Surianarayanan - Uber said on Monday it would suspend operations in Morocco, two years after they began, as it tries to bring its business into line with local laws.
2 hours ago
Latvian finance hit by alleged bribe-taking, money laundering
Gopalakrishnan Surianarayanan - Latvia's financial sector was left reeling Monday after anti-corruption officials arrested its central bank chief over an alleged bribe and the country's third-largest bank's payments were frozen amid accusations of money laundering.
3 hours ago
BlackRock raises US equities to overweight on earnings momentum
Gopalakrishnan Surianarayanan - The world's biggest asset manager BlackRock has upgraded its view on U.S. equities to "overweight", citing very strong earnings momentum, while cutting European stocks to neutral.
3 hours ago
Global mining deals jump 15 percent by value in 2017: EY
Gopalakrishnan Surianarayanan - The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, as financial distress abated and companies sold off non-core assets.
4 hours ago
For timing of Aramco IPO, watch future oil price curve
[LONDON] It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?
4 hours ago
KFC closes most of its UK stores due to chicken shortage
Gopalakrishnan Surianarayanan - Fast-food chain KFC said on Monday it had been forced to close hundreds of its British stores because of a shortage of chicken.
4 hours ago
Chicken shortage shuts hundreds of KFC stores in UK
[LONDON] US fast-food chain KFC said Monday it had shut hundreds of UK stores as German delivery supplier DHL left them short of fowl and customers without their "fried chicken fix".
4 hours ago
Arsenal announce record shirt deal with Emirates
[LONDON] Arsenal announced the club's biggest-ever sponsorship deal worth a reported £200 million(S$367.8 million) on Monday, extending their shirt partnership with Dubai-based airline Emirates by five years.
4 hours ago
Deutsche Bank to cut at least 250 investment banking jobs
[FRANKFURT] Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told Reuters, adding that the figure could rise to as many as 500.
5 hours ago
Australia would welcome UK interest in joining Pacific trade group
[LONDON] Australia would welcome interest from Britain in joining the Trans-Pacific Partnership regional trade group after it has left the European Union, Australian Foreign Minister Julie Bishop said on Monday.
5 hours ago
Budget 2018: Extension of Wage Credit Scheme among short-term measures to help businesses
Gopalakrishnan Surianarayanan - Apart from a three-year extension of the Wage Credit Scheme, Finance Minister Heng Swee Keat also announced a doubling of the corporate tax rebate as one of the near-term relief measures targeted at businesses.
5 hours ago
Halcyon Agri increases stake in Ivory Coast rubber producer
Cai Haoxiang - NATURAL rubber supplier Halcyon Agri said it has increased its stake in Ivory Coast rubber producer Tropical Rubber Côte d'Ivoire SA (TRCI) by 18.8 percentage points.
5 hours ago
Indonesia expects to have more than 5 unicorns by 2019
[JAKARTA] Indonesia is likely to have more than five startups worth at least US$1 billion each by 2019, with healthcare and education the most promising sectors to spawn new unicorns in Southeast Asia's biggest economy, the communications minister told Reuters.
5 hours ago
Thai Q4 GDP slows but govt maintains 2018 outlook on solid exports
Bangkok
5 hours ago
Richard Branson announces Hyperloop plan for India
Gopalakrishnan Surianarayanan - MUMBAI: Virgin Hyperloop One, the futuristic transport startup backed by British tycoon Richard Branson, has announced plans for a superfast rail network linking India's financial capital Mumbai to the city of Pune. The proposed hyperloop - which aims to deliver transport at near-supersonic speeds . ...
5 hours ago
Serial System unit invests S$135,000 in China automotive components distributor
Navin Sregantan - ELECTRONIC components distributor Serial System announced that its 91 per cent-owned Hong Kong unit, Serial Microelectronics (HK), has invested HK$805,000 (S$135,103) in two subsidiaries.
6 hours ago
Congress sets sights on federal cryptocurrency rules
Gopalakrishnan Surianarayanan - WASHINGTON: Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in the Senate and .. ...
6 hours ago
German property prices up to 35% overvalued: Bundesbank
[FRANKFURT] Real estate prices in German cities may be 15 to 30 per cent overvalued, the Bundesbank said on Monday, warning that the deviation may be as much as 35 per cent in the biggest cities like Berlin, Frankfurt or Munich.
6 hours ago
Deutsche Bank to cut at least 250 investment banking jobs -source
Gopalakrishnan Surianarayanan - Deutsche Bank is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told Reuters, adding that the figure could rise to as many as 500.
6 hours ago
Bitcoin closes in on $11,000 threshold in fourth day of gains
[MADRID] Bitcoin climbed for a fourth day, accelerating a rally that began when it bounced off a technical support level.
7 hours ago
Trump junior to wine and dine luxury flat buyers in India
[NEW DELHI] Dozens of property investors and their families will be treated to dinner with Donald Trump junior in Delhi this week after snapping up flats in a Trump Towers luxury development on the outskirts of the Indian capital.
7 hours ago
US Congress sets sights on federal cryptocurrency rules
Gopalakrishnan Surianarayanan - WASHINGTON: Jolted by the global investment craze over bitcoin and other cryptocurrencies, US lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in the Senate and ...
7 hours ago
Singapore Budget 2018: Strengthening the foundations
Singapore's 2018 Budget will implement a number of measures aimed at building a more robust revenue base and supporting economic transformation.
8 hours ago
Singapore Budget 2018: Singapore unveils targeted budget for sustainable growth
Angela Tan - SINGAPORE'S Finance Minister Heng Swee Keat unveiled on Monday an expansionary budget guided by the government's promise of 'vibrant and innovative' economic growth without leaving anyone behind.
8 hours ago
Singapore’s competition agency to further review Uber-ComfortDelGro alliance
John Geddie - ComfortDelGro said in December it would buy a 51% stake in a unit of Uber that runs a fleet of private hire vehicles. The post Singapore’s competition agency to further review Uber-ComfortDelGro alliance appeared first on DealStreetAsia.
8 hours ago
SIAS to hold informal meeting on Friday for Pacific Radiance noteholders
Cai Haoxiang - INVESTOR lobby group Securities Investors Association (Singapore), or SIAS, said it will hold an informal meeting for noteholders to Pacific Radiance's S$100 million 4.3 per cent medium-term notes due later this year.
9 hours ago
Govt cannot comment on investigations by CPIB but Keppel's board will be held to account: Indranee
Marissa Lee - THE Government does not comment on investigations by agencies such as the Corrupt Practices Investigation Bureau (CPIB), to avoid "jeopardising" their investigative work, Senior Minister of State for Law Indranee Rajah told Parliament on Monday.
9 hours ago
Catalan corporate property market cools on political uncertainty
[MADRID] Global pension funds, insurers and other investors are holding back on buying office space in Catalonia due to fears a split from Spain could lead to an exodus of business from the region.
9 hours ago
Budget 2018: Top marginal Buyer’s Stamp Duty rate to rise for homes worth more than S$1m
Gopalakrishnan Surianarayanan - The revised BSD rates will apply to all residential properties acquired from Tuesday (Feb 20), and the new top marginal rate of 4 per cent will apply to the portion of residential property value which is in excess of S$1 million.
9 hours ago
Daily Debrief: What Happened Today
9 hours ago
Singaporeans to receive SG Bonus 'hongbao' as budget surplus soars to $9.61 bil
The Edge Singapore - SINGAPORE (Feb 19): All Singaporeans aged 21 and above will receive a one-off “SG Bonus” of $100, $200, or $300, depending on their annual income, Finance Minister Heng Swee Keat announced at his 2018 Budget statement on Monday. According to Heng, the “hongbao” is a way to share some the yea ...
10 hours ago
World stocks extend global recovery, set for sixth day of gains
Gopalakrishnan Surianarayanan - Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation and higher borrowing costs.
10 hours ago
Alibaba, Tencent rally troops amid US$10b retail battle
Gopalakrishnan Surianarayanan - SHANGHAI: China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd, worth a combined US$1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets. Since the start of last year, the two companies have between them spent . ...
10 hours ago
Top marginal buyer's stamp duty for residential properties increased to 4%
The Edge Singapore - SINGAPORE (Feb 19): In the latest Budget 2018, Finance Minister Heng Swee Keat said that the government will be raising the top marginal buyer's stamp duty rates for residential properties to 4% from 3%. The increased top marginal rate will apply to a portion of residential property value which is m ...
10 hours ago
Singapore delays highly-anticipated GST hike to 9% to between 2021-2025
The Edge Singapore - SINGAPORE (Feb 19): Singapore will raise its good and services tax (GST) by 2 percentage points to 9% sometime between 2021 and 2025, according to Finance Minister Heng Swee Keat in his 2018 Budget statement on Monday. "But I expect that we will need to do so earlier rather than later in the period, ...
10 hours ago
Singapore Budget 2018: Tax transparency to apply for S-Reit ETFs
Jamie Lee - THE government will apply tax transparency for exchange-traded funds (ETFs) of Singapore real estate investment trusts (S-Reits), according to Annex A-5 of Finance Minister Heng Swee Keat's Budget speech.






Advertisement