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

Facebook nears deal to buy chatbot startup Kustomer - WSJ

DAVID GERALD - Facebook Inc is close to buying Kustomer in a deal that would value the customer-service and chatbot startup at about US$1 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. (https://on.wsj.com/3odBJ91)

1 hour ago

OPEC reaches consensus to extend oil cuts by three months, Algeria says

DAVID GERALD - OPEC+ members will consider whether to extend existing oil cuts for three to four months or to gradually increase output from January during their two days of talks that start on Monday, OPEC+ sources told Reuters.

1 hour ago

US agency affirms it will not allow mid-air mobile phone use

DAVID GERALD - The Federal Communications Commission (FCC) said Monday it had ended a 2013 regulatory proceeding that had sought to lift the ban on the use of mobile phones while in flight on U.S. airlines.

1 hour ago

Moderna to seek US and EU authorization for its vaccine on Monday

Moderna Inc said it will apply for U.S. and European emergency authorization of its COVID-19 vaccine on Monday based on full results from a late-stage study showing its vaccine was 94.1per cent effective with no serious safety concerns.

2 hours ago

Renaissance United subsidiary hit with court order to pay 40.4m yuan to contractor

Claudia Chong - MAINBOARD-LISTED Renaissance United's subsidiary on Nov 26 received a court order to pay a monetary judgment of 40.4 million yuan (S$8.2 million) to its contractor.

2 hours ago

Tekka Centre, restaurants across Singapore among places visited by Covid-19 cases while infectious

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2 hours ago

Former actor Huang Yiliang accused of attacking Bangladeshi worker claims he was ‘faking punches’

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2 hours ago

Bitcoin hits record high after steep fall last week

DAVID GERALD - Bitcoin jumped past US$19,000 on Monday, moving closer to its all-time record after a sharp tumble last week checked its 2020 rally.

2 hours ago

Ivory Coast, Ghana cancel cocoa sustainability schemes run by chocolatemaker Hershey

DAVID GERALD - Ivory Coast and Ghana are cancelling all cocoa sustainability schemes run by U.S.-based Hershey in the west African countries, accusing the chocolatemaker of trying to avoid paying a cocoa premium aimed at combating farmer poverty.

3 hours ago

Non-bank financial institutions to get access to FAST, PayNow

SINGAPORE: From February next year, eligible non-bank financial institutions will have direct access to retail payment services like Fast and Secure Transfers (FAST) and PayNow.  This will allow users to make real-time funds transfers between bank accounts and e-wallets, as well as across ...

3 hours ago

Bitcoin jumps past US$19,200, all-time high again in focus

Lee Yi Jie - Bitcoin jumped past US$19,000 on Monday, moving closer to its all-time record after a sharp tumble last week checked its 2020 rally.

3 hours ago

F&B outlets in CBD, tourist areas seeing slow recovery; businesses need to pivot online: Chan Chun Sing

SINGAPORE: Some segments in the food and beverage (F&B) sector are still seeing slow recovery amid the COVID-19 pandemic, Trade and Industry Minister Chan Chun Sing said, reiterating the need for F&B companies to transform and diversify their revenue streams. “Recovery remains slow for some ...

3 hours ago

Food delivery startup DoorDash aims for up to US$27 billion valuation in much-awaited IPO

Lee Yi Jie - Food delivery startup DoorDash Inc is aiming to raise up to US$2.8 billion at a valuation of US$27 billion in its initial public offering, setting the stage for one of the most high-profile stock market debuts of the year.

3 hours ago

About 1,250 workers to benefit from new training council by Shell and local employees’ union

SINGAPORE: Oil giant Shell has partnered with the Singapore Shell Employees’ Union (SSEU) to set up a council to train and upskill about 1,250 workers, in line with the company’s 10-year plan to cut its own carbon emissions in Singapore by about a third. The Joint Capability Council (JCC), which ...

3 hours ago

EasyJet offers passengers cheaper COVID-19 tests to encourage travel

Lee Yi Jie - UK airline EasyJet said it would partner with COVID-19 testing companies to offer passengers discounted tests to try to encourage more travel, following similar moves by Wizz Air and London's Gatwick Airport.

3 hours ago

London Stock Exchange opens Brexit trading hub in Amsterdam

Lee Yi Jie - The London Stock Exchange's pan-European share trading platform, Turquoise, opened for trading on Monday, a spokeswoman for the exchange said, joining two rival operators.

3 hours ago

S&P 500 set to open lower, still set for best November ever

The S&P 500 was set to open lower on Monday as investors paused to take stock of what was set to be the benchmark index's best November ever.

3 hours ago

GM, Nikola announce reworked, smaller deal focused on supplying fuel-cell systems

Lee Yi Jie - General Motors Co and Nikola Corp on Monday announced a reworked, smaller agreement that keeps a fuel-cell partnership intact but eliminates an equity stake in the startup for the Detroit automaker as well as plans for building Nikola's electric pickup truck.

4 hours ago

Singapore Paincare to acquire 40% of KCS Anaesthesia Services for S$2.4m

Claudia Chong - CATALIST-LISTED pain-care medical services group Singapore Paincare Holdings has entered into a conditional sale and purchase agreement to buy 40 per cent of KCS Anaesthesia Services for S$2.4 million.

4 hours ago

Prudential Singapore and SkillsFuture Singapore in collaboration to help SMEs grow

The Edge Singapore - Prudential Singapore is giving more support to SMEs here so that they can pick up more skills in areas such as developing and implementing their skills development plans, which better positions them to respond to a rapidly evolving business environment. This Prudential Singapore’s SME Sk ...

4 hours ago

US insurers dig into corporate diversity practices as lawsuits pile up

Uma Devi - U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said.

4 hours ago

PM Lee seeks damages of S$150,000 for alleged defamation by Leong Sze Hian over Facebook post on 1MDB corruption

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5 hours ago

Amazon, Apple stay away from new French initiative to set principles for Big Tech

Uma Devi - U.S. tech giants Amazon and Apple have not signed up to a new French initiative to get global tech companies to publicly commit to principles including paying their fair share of taxes, government officials said on Monday.

5 hours ago

Not all pet owners know of vaccines or use them, vets say new guidelines help set clearer standards

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5 hours ago

Canadian indigenous deal with KXL oil pipeline took years, aims to unlock long-term wealth

Uma Devi - TC Energy Corp's sale of a CUS$1 billion (US$769 million) stake in Keystone XL (KXL) to a Canadian indigenous group is the result of over three years of pressure from a tiny Saskatchewan First Nation that demanded part ownership of the long-delayed oil pipeline, rather than short-term payments for . ...

5 hours ago

Hyflux's judicial managers to arrange meeting with PnP and note holders

Claudia Chong - HYFLUX'S judicial managers will "shortly arrange" a virtual meeting or telephone call with holders of the embattled water treatment firm's perpetual securities, preference shares and medium-term notes.

5 hours ago

Portugal's main telcos sign up for 5G auction amid legal dispute

Uma Devi - Portugal´s three biggest telecoms companies said they had submitted applications to take part in the country's 5G licence auction amid a legal dispute with the Portuguese telecoms regulator over the rules.

5 hours ago

Man jailed for stalking ex-girlfriend, posting compromising photos of her on Instagram, WeChat

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5 hours ago

Global investors see China stocks bull run lasting well into 2021

Uma Devi - Global investors are betting Chinese stocks will extend their bull run and that mainland corporate earnings in 2021 will be boosted by a world economic recovery and more predictable Sino-U.S. relationship.

5 hours ago

UK competition watchdog says big companies' profit margins rising

Uma Devi - Profits and price mark-ups are rising at Britain's biggest companies, the competition watchdog said on Monday in a report looking at the state of competition in the economy.

6 hours ago

Stronger recovery awaits F&B firms that act now, 'do not wait for Covid to blow over': Chan Chun Sing

GAYLE GOH - FOOD and beverage (F&B) firms that have acted to transform their businesses - without waiting for pre-Covid 19 business conditions to return - are already on the path to recovery, said Minister for Trade and Industry Chan Chun Sing on Monday.

6 hours ago

Exclusive: VW's executive committee to convene Tuesday to discuss CEO's future - sources

Renald Yeo - Volkswagen Group's executive committee is convening on Tuesday to discuss Chief Executive Herbert Diess's demand for a contract extension, three sources familiar with the matter told Reuters on Monday.

6 hours ago

Britain hands BAE Systems £2.4 billion munitions contract

Renald Yeo - Britain handed a 2.4 billion pound (US$3.20 billion)contract to BAE Systems, agreeing a new deal for the country's biggest defence company to keep supplying weapons and equipment to the UK armed forces.

6 hours ago

Cyber Monday set to be biggest online shopping day in US history

Renald Yeo - Cyber Monday is on track to bring in a record of as much as US$12.7 billion in online sales, according to latest industry estimates, surpassing Black Friday's digital numbers as U.S. retailers reached the last leg of an extended holiday selling season caused by the COVID-19 pandemic.

6 hours ago

Cornerman who tested positive for Covid-19 was due to take part in One Championship event

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6 hours ago

High Court grants extension of moratoria for Pacific Radiance

Claudia Chong - THE High Court has granted an extension of moratoria for offshore marine services firm Pacific Radiance and its units, Pacific Crest and CSI Offshore.