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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29 minutes ago

Should we be optimistic or pessimistic?

Manu Bhaskaran - SINGAPORE (Jan 21): In the past week, the mood among investors has brightened as the US and China edged away from a suicidal trade war, Chinese policymakers adopted ever more aggressive stimulus and the US Federal Reserve signalled that it would only tighten monetary policy cautiously. With these m ...

30 minutes ago

British pound recovers as May outlines Brexit 'Plan B'

Lynette Tan - LONDON: The pound recovered ground on Monday (Jan 21) after British Prime Minister Theresa May said she plans to return to Brussels to discuss changes to the Brexit deal she agreed with EU leaders last month despite an overwhelming rejection of the draft text by MPs last week. The London stock ...

2 hours ago

Exclusive: Private equity firms circling Nestle's skin health business - sources

Lynette Tan - Private equity firms Cinven and Advent have teamed up to bid in an auction that could value Nestle's skin health business at about 7 billion Swiss francs (US$7 billion), three sources familiar with the matter said.

2 hours ago

As outlook darkens, central banks think hard about their language

Lynette Tan - DAVOS, Switzerland: As central banks stock up on policy ammunition in the face of a worsening global economic outlook, they are having to reassess one of their most delicate weapons: the 'forward guidance' they use to flag their intentions to the markets. Forced to slash borrowing costs, in some ...

2 hours ago

Food-tech lab innovating with lower GI rice and bread to tackle diabetes

Lynette Tan - SINGAPORE: A food-tech laboratory focusing on creating lower glycemic index (GI) food staples, such as rice and bread, was launched on Monday (Jan 21), with the aim of incorporating new ingredient blends into everyday foods. Opened by local start-up Alchemy Foodtech, the lab aims to develop its ...

2 hours ago

Former Swiss banker convicted for giving secret tax data to Germany

Lynette Tan - A former UBS banker accused of selling information about wealthy German tax evaders to German authorities was convicted of economic espionage by a Swiss court on Monday.

2 hours ago

DPM Tharman, Heng Swee Keat, S Iswaran to attend World Economic Forum

Lynette Tan - DAVOS-KLOSTERS, SWITZERLAND: Deputy Prime Minister Tharman Shanmugaratnam, Finance Minister Heng Swee Keat and Communications and Information Minister S Iswaran will attend the 49th World Economic Forum (WEF) annual meeting in Davos-Klosters Switzerland.  They will be attending the meeting ...

3 hours ago

Asset managers brace for more job cuts amid market turbulence

Lynette Tan - Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry.

3 hours ago

National study on emotional resilience, mental health of youths to begin in April

alfredchuam - Kenneth Cheng56 min 25 sec agoSINGAPORE — In April, the National University of Singapore (NUS) will embark on the f

3 hours ago

Commentary: What taxation for the digital age ought to consider

Lynette Tan - Taxing businesses based on revenue rather than income will result in an intolerably heavier tax burden for enterprises with low profits and high turnover, says says CEO of Booking.com Gillian Tans.

3 hours ago

IMF fears trade war and weak Europe could trigger sharp global slowdown

Lynette Tan - The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy.

4 hours ago

Amid 'yellow vest' rebellion, Macron woos business leaders

Lynette Tan - President Emmanuel Macron will tell dozens of the world's most powerful executives on Tuesday that he remains committed to reforming the French economy, reassuring investors as a sometimes-violent popular revolt challenges his authority.

4 hours ago

Ascendas-Singbridge partners SP Group to launch high-speed charging points for electric vehicles

alfredchuam - SHERLYN SEAH53 min 6 sec agoSINGAPORE — Ascendas-Singbridge (ASB) group, an urban and business space solutions pr

4 hours ago

Keppel, SPH offer for M1 'fair and reasonable': independent adviser

Janice Heng - THE offer of S$2.06 per share that Keppel Corporation and Singapore Press Holdings (SPH) are making for M1 is "fair and reasonable, and not prejudicial to the interests of shareholders as a whole", said independent financial adviser to the deal, CLSA Singapore, in a circular to shareholde ...

4 hours ago

Lockheed sees potential exports of 200 F-16 jets from proposed Indian plant

Lynette Tan - Lockheed Martin sees a potential export market of more than US$20 billion for its F-16 fighter aircraft from an assembly line in India it has offered to set up in order to win a large Indian military order, a top executive said.

4 hours ago

IMF warns trade confrontations, uncertainty threaten global growth

Lynette Tan - The US-China trade confrontations, Brexit and other uncertainty are threatening to drag down global growth even further, the International Monetary Fund warned on Monday (Jan 21).

4 hours ago

Art Stage fair cancellation not a blip for Singapore, say experts

alfredchuam - Navene Elangovan21 min 15 sec agoSINGAPORE — Galley owners and art collectors here stressed that Singapore remains an

4 hours ago

Sparkling Australian wine exports lose their fizz as Chinese economy slows

Lynette Tan - Australian wine shipments to China grew at their slowest pace in four years in 2018, industry data showed on Tuesday, in another indication that Sino-U.S. trade tensions were dragging on consumer spending in the world's second-largest economy.

5 hours ago

Global stock markets falter after China data, Brexit Plan B awaited

Lynette Tan - European shares fell on Monday from recent six-week highs as a global equity rally stalled after data confirmed a slowdown in China's economy and investors awaited for Britain's next steps to break the deadlock over Brexit.

6 hours ago

Man who sexually abused daughter: High Court throws out new evidence on ‘deformed’ penis

alfredchuam - Louisa Tang35 min 42 sec agoSINGAPORE — A High Court judge has rejected new evidence from a witness who testified

6 hours ago

Agency predicts six-month layoff for Aloysius Pang; lead role in Ch8 drama to be recast

alfredchuam - Wong Pei Ting27 min 44 sec agoSINGAPORE — Actor Aloysius Pang could be out of action for at least six months, which

6 hours ago

Frasers Centrepoint Trust posts 0.7% higher 1Q DPU of 3.02 cents

PC Lee - SINGAPORE (Jan 21): The manager of Frasers Centrepoint Trust (FCT) has announced a DPU of 3.02 cents for the 1Q19 ended Dec, up 0.7% year-on-year. Gross revenue for 1Q19 was up 2.9% year-on-year to $49.3 million and net property income for the quarter was up 2.5% at $35.4 million. The growth was le ...

6 hours ago

Ghosn awaits fate after vowing to stay in Japan if bailed

Jerome Lee - Carlos Ghosn, the ousted Nissan boss detained in Tokyo on charges of financial misconduct, on Monday vowed to remain in Japan if granted bail and again proclaimed his innocence.

6 hours ago

Guest Post: Is the Go-Jek-Grab price war already over?

Momentum Works - Go-Jek has stopped pricing promotions in Singapore abruptly. It has either reached its goals of market size, or it has tested it and realized that promotions are not working. The post Guest Post: Is the Go-Jek-Grab price war already over? appeared first on DealStreetAsia.

7 hours ago

Staff fraud may cost China's DJI drone maker US$150 million

Jerome Lee - Chinese drone maker DJI has placed 45 employees under investigation for alleged fraud that could cost the company more than one billion yuan ($150 million) in losses, the firm said Monday.

7 hours ago

New Zealand PM Ardern says no-deal Brexit would be very difficult

Jerome Lee - New Zealand's Prime Minister Jacinda Ardern said on Monday she was concerned about the prospect of Britain leaving the European Union without a withdrawal deal.

7 hours ago

Soilbuild Reit Q4 DPU up at 1.45 Singapore cents partially on on one-off liquidation proceeds

Yunita Ong - SOILBUILD Business Space Reit's distribution per unit (DPU) for its fourth quarter rose to 1.45 cents from 1.38 cents, lifted by one-off liquidation proceeds received from Technics Offshore Engineering and higher contribution from Solaris as well as its Australia acquisitions.

7 hours ago

Seven years’ jail for former warehouse supervisor who made off with over S$2m of nickel cathode plates

alfredchuam - Louisa Tang56 min agoSINGAPORE — Over half a year, a warehouse supervisor stole more than S$2 million wort

7 hours ago

Mapletree Logistics Trust DPU up 5% to 2 Singapore cents

Janice Heng - MAPLETREE Logistics Trust's distribution per unit (DPU) was up 5 per cent year on year at two Singapore cents for the third quarter ended Dec 31, 2018, compared to 1.9 Singapore cents in the year-ago period. Income distributable to unitholders for the quarter was S$71.9 million, up 23.3 per ce ...

7 hours ago

The Big Read: Rise of the machine — how technology is disrupting Singapore’s law firms

Claudia Chong - Singapore is playing catch up to embrace technological adoption in the legal and judicial world. Legal professionals say tech may also reduce the number of legal roles.

8 hours ago

Nissan's Ghosn offers to wear electronic ankle tag for bail

Claudia Chong - Ousted Nissan Motor Co Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.

8 hours ago

Mapletree Logistics Trust posts 5.0% increase in 3Q DPU to 2.002 cents

Samantha Chiew - SINGAPORE (Jan 21): The manager of Mapletree Logistics Trust (MLT) recorded a 5.0% increase in its 3Q18/19 DPU to 2.002 cents, compared to 1.907 cents in 3Q17/18. This brings 9M18/19 DPU to 5.917 cents, 4.2% higher than 5.681 cents in 9M17/18. The trust posted gross revenue of $120.8 million in 3Q1 ...

8 hours ago

Keppel REIT posts 4.9% lower 4Q DPU of 1.36 cents

Michelle Zhu - SINGAPORE (Jan 21): The manager of Keppel REIT has declared a 4Q18 distribution per unit (DPU) of 1.36 cents, representing a 4.9% decline from its quarterly DPU of 1.43 cents a year ago. This brings the trust’s FY18 DPU to 5.56 cents, down 2.5% from its DPU of 5.7 cents in FY17. Property income f ...

8 hours ago

Keppel Reit DPU down 4.9% at 1.36 Singapore cents

Janice Heng - KEPPEL Reit's distribution per unit was down 4.9 per cent at 1.36 Singapore cents for the fourth quarter ended Dec 31, 2018, compared to 1.43 Singapore cents in the year-ago period. This was on the back on a 4.3 per cent fall in distributable income to S$46.2 million, compared to S$48.2 millio ...

8 hours ago

TODAY's evening brief for Monday, Jan 21

victor.loh - 5 min 54 sec ago

8 hours ago

Soildbuild REIT posts 4.9% increase in 4Q DPU to 1.451 cents

Stanislaus Jude Chan - SINGAPORE (Jan 21): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has declared distribution per unit (DPU) of 1.451 cents for the 4Q18 ended December, some 4.9% higher than DPU of 1.383 cents a year ago. This brings total DPU for FY18 to 5.284 cents, some 7.5% lower than total DPU o ...