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 @

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40 minutes ago
Chinese court rules in favor of Apple in local design patent disputes
A Chinese court has ruled in favor of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported.
1 hour ago
Tesco nearing deal with Serious Fraud Office over accounting scandal: Sky
Today - LONDON - Britain's biggest retailer Tesco is in advanced talks with the Serious Fraud Office (SFO) over a plea deal that would involve it paying a large fine over its 2014 profit overstatement, Sky news said on Saturday. Sky said...
5 hours ago
Bargains galore for cruise trippers in Singapore
Today - SINGAPORE - Cruise vacation packages are on average priced lower by 30 per cent this year compared to last year, say travel agents. Holiday makers looking to take advantage of travel deals offered by cruise companies have a wide range of packages to choose...
6 hours ago
Become rich on S$10 a day
Today - While it might seem like saving just S$10 a day wouldn't add up to much over time, the results are actually quite dramatic. By saving S$10 per day for 30 years, for example, you can end up with more than a quarter million dollars if your savings earn 5 per...
7 hours ago
SeaWorld to expand in China after investment deal
A Chinese real estate investment firm has announced it has become the largest shareholder in SeaWorld and intends to import the US company's controversial theme parks into China.
9 hours ago
Platform collapse at power plant in China kills 9
[BEIJING] An operation platform collapsed at a power plant in China on Saturday, killing nine people and injuring two, the official Xinhua news agency reported.
10 hours ago
Uber self-driving vehicle involved in Arizona crash
[SAN FRANCISCO] A self-driving car operated by Uber Technologies Inc was involved in a crash in Tempe, Arizona, the latest setback for a company reeling from multiple crises.
11 hours ago
EU takes road to Rome for 60th anniversary
[ROME] European Union leaders will renew their vows on the 60th anniversary of the troubled bloc's founding treaties Saturday at a special summit in Rome designed to show unity despite Britain's looming divorce.
12 hours ago
SingPost to start trial of e-three-wheeler for mail delivery
PC Lee - SINGAPORE (March 24): Singapore Post and TUMCREATE will start from March 28 the road trial of a prototype electric three-wheeler to boost mail delivery efficiency. Developed by researchers with TUMCREATE, in conjunction with SingPost, the customised vehicle will serve as a test bed for concepts that will guide SingPost’s application of electric vehicle technology for postal operations and e-commerce logistics. The trial will take place along two delivery routes between SingPost’s Ayer Rajah Regional Delivery Base and the National University of Singapore and end on April 7. Three SingPost postmen have been assigned to provide real-world feedback for further development, while a manufacturing partner is being sought to convert the prototype into a market-ready product. TUMCREATE is a research platform established to help improve Singapore’s public transportation. Researchers from the Technical University of Munich (TUM) and Nanyang Technological University (NTU) join forces and are supported by the National Research Foundation (NRF) as part of the Campus for Research Excellence and Technological Enterprise (CREATE). TUMCREATE is made up of over 100 scientists, researchers and engineers led by professors from TUM and NTU. In a Friday night filing, SingPost says the three wheeler has been designed to streamline postal processes, improve rider experience and reduce greenhouse gas emissions. The vehicle’s all-electric drive produces zero local exhaust emissions and with fewer moving parts compared with combustion engines, reduces maintenance costs and downtime. Additionally, it offers near-silent operation. Modular batteries were developed by TUMCREATE so that fleet cost may be optimised by matching battery capacity to the route on which the vehicle is deployed. “By changing the battery configuration, the vehicle’s range may be configured to 35 kilometres, which is sufficient for an average mail delivery route – or 70 kilometres, which will satisfy almost all postal delivery trips made,” says SingPost. The vehicle also features a storage system that can cut a postman’s daily delivery time by up to 40 minutes through a detachable, rollable storage box. The electric three-wheeler is also equipped with a smart instrument cluster that includes dynamic GPS routing. Shares of SingPost closed at $1.32 on Friday.
12 hours ago
South Korea's Sewol ferry lifted onto salvage ship
[JINDO, South Korea] South Korea's sunken Sewol ferry has been successfully hauled onto a giant heavy lifting ship, officials said Saturday, a step towards returning the vessel to port.
13 hours ago
Naked people slaughter a sheep at Auschwitz death camp
[WARSAW] Fourteen men and women in their twenties on Friday slaughtered a sheep and took their clothes off at the former Nazi German death camp Auschwitz-Birkenau, according to the museum at the site in southern Poland.
13 hours ago
Keystone approval spells headache for Canada's Trudeau
[OTTAWA] Prime Minister Justin Trudeau was quick to welcome Washington's approval Friday of a major new pipeline from Canada into the United States, but observers say it creates political headaches for his administration.
13 hours ago
Bull market not dead as tax reform takes spotlight
Today - NEW YORK - The death of the Republican healthcare reform may not prove to be the knife to the heart of the bull market some had feared, but to keep the Trump Trade alive investors should temper expectations for the breadth of expected tax cuts. ...
14 hours ago
US judge grants Amos Yee's asylum request
[CHICAGO] A US immigration judge in Chicago on Friday granted asylum to a Singaporean blogger, saying he was persecuted for his political opinions in the South-east Asian city-state.
14 hours ago
US judge grants Singaporean blogger's asylum request
[CHICAGO] A US immigration judge in Chicago on Friday granted asylum to a Singaporean blogger, saying he was persecuted for his political opinions in the South-east Asian city-state.
14 hours ago
New York launches immigrant defence initiative
[NEW YORK] New York state on Friday launched an immigrant legal defence initiative with more than US$1 million in public and private funding in response to "overwhelming" demand for help from non-profit organisations.
14 hours ago
Madrid turns down offer to build 2.2b euro entertainment project
[MADRID] The city of Madrid on Friday turned down an offer from US real estate developer Cordish Companies to build a 2.2 billion euro (S$3.322 billion) entertainment complex in the Spanish capital.
15 hours ago
French jobless total falls in February, down 3.2% over one year
[PARIS] France's jobless total edged down in February from March in a new sign of a gradual recovery in the labour market, data from the Labour Ministry showed on Friday.
15 hours ago
Britain's poorest, excluded from banking, turn to high-cost credit
[LONDON] Poorer people in Britain are being excluded from the financial system and forced to rely on expensive and substandard banking products, according to a report by British lawmakers published on Saturday.
15 hours ago
Tesla to take orders for solar roof tiles starting April
Today - Tesla Motors Inc will start taking orders for its solar roof tiles in April, Chief Executive Elon Musk said in a Tweet on Friday. The solar-powered roof shingles were unveiled in October last year to show the benefits of...
15 hours ago
Trump\'s U.S. jobs push may open doors to China in Mexico: ICBC bank
Today - ACAPULCO, Mexico - U.S. President Donald Trump's push to force U.S. industry to bring jobs home is opening investment avenues for Chinese companies in Mexico, an executive with Industrial and Commercial Bank of China (ICBC), the country's largest lender, said...
16 hours ago
Shell to start cleaning up 2008 Nigeria oil spills in April, says official
[LONDON] The head of a group helping organise Shell's clean-up efforts in an oil Delta community in Nigeria said on Friday he was hopeful clean-up work after two spills in 2008 could start in April.
16 hours ago
Trump's US jobs push may open doors to China in Mexico: ICBC bank
U.S. President Donald Trump's push to force U.S. industry to bring jobs home is opening investment avenues for Chinese companies in Mexico, an executive with Industrial and Commercial Bank of China (ICBC), the country's largest lender, said on Friday.
16 hours ago
North Korea crimes to be documented for prosecution someday: UN
[GENEVA] The United Nations' top human rights body agreed on Friday to widen its investigation into widespread violations in North Korea with a view to documenting alleged crimes against humanity for future prosecution.
16 hours ago
Tillerson to meet Nato members next week
[WASHINGTON] US Secretary of State Rex Tillerson will meet with members of the Nato alliance next week, after initially planning to skip ministerial talks, a spokesman said Friday.
16 hours ago
Trump gets his own boulevard in Albania
[KAMZA, Albania] A town in central Albania has renamed a boulevard in honour of Donald Trump, calling the US president "a revolutionary model" for the world.
16 hours ago
House GOP Obamacare Repeal Bid Dead After Ryan Cancels Vote
[WASHINGTON] House Republicans abandoned their efforts to repeal and partially replace Obamacare after President Donald Trump and Speaker Paul Ryan concluded they didn't have enough support, marking an embarrassing setback for the GOP agenda.
16 hours ago
US: Wall Street dips in dramatic session as health bill pulled
[BENGALURU] A dramatic session on Wall Street ended with stocks slightly lower on Friday as they pared losses in late-afternoon trading after Republicans pulled their bill to overhaul the US healthcare system.
16 hours ago
AIG executives meet analysts to push resiliency message
Today - NEW YORK - American International Group Inc executives have been meeting with investors and analysts to build confidence in the insurer and its turnaround plan amid uncertainty over a replacement for outgoing Chief Executive Officer Peter...
16 hours ago
Europe: Stocks post weekly decline as risk aversion reigns
[STOCKHOLM] European stocks fell for the fourth time in five days, widening a weekly decline and moving further away from a 15-month high they reached just a week ago.
17 hours ago
Trump greenlights Keystone XL pipeline, but obstacles loom
U.S. President Donald Trump's administration approved TransCanada Corp's Keystone XL pipeline on Friday, cheering the oil industry and angering environmentalists even as further hurdles for the controversial project loom.
17 hours ago
US stocks end mixed as health vote is cancelled
The Dow finished lower and the Nasdaq higher on Friday (Mar 24) after a topsy-turvy session that culminated with a surprise decision to cancel a vote on President Donald Trump's healthcare replacement bill.
18 hours ago
Mexico\'s Bachoco pulls possibly contaminated meat from U.S.
Today - MEXICO CITY - Mexico's top poultry producer Bachoco has begun the recall of some 1 million pounds of breaded products from its U.S. unit OK Foods that it said were possibly contaminated with metal, the company said in a statement on Friday. ...
18 hours ago
A riddle spun in Russian roulette
Anna Teo - The scourge of terrorism continued to rear its ugly head, striking this time in London this week on the first anniversary of the suicide bomb attacks in Brussels that killed 32 people and wounded more than 320.
18 hours ago
Hold the cynicism. It's a long runway for flying taxis in S'pore
Soon Weilun - SINGAPORE'S Ministry of Transport had told The Business Times on Wednesday that it is in talks with some companies to try out flying taxis.
18 hours ago
How to cope with being sidelined at work
Vivien Shiao - GETTING sidelined at work is probably one of the most distressing feelings an employee can go through, short of getting fired or having a boss from hell.