Business Headlines & Singapore Stock Market News | SGinvestors.io

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

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Are you being served? Planemakers alter sales pitch to boost profit

tdyadmin - 43 min 45 sec agoPARIS - Airbus and Boeing leave this week's Paris Airshow with plans for ambitio

VW is cutting jobs at core brand more quickly than planned: HR boss

Volkswagen is reducing the workforce at its core division more rapidly than planned, its human resources chief said, helping the brand make headway on cost-cuts needed to revive the business.

Goldman Sachs global head of equity capital markets to retire: Bloomberg

tdyadmin - 24 min 45 sec agoGoldman Sachs Group Inc's <GS.N> global head of equity capital mar

US new home sales jump, median price surges to record high

WASHINGTON: New U.S. single-family home sales rose in May and the median sales price surged to an all-time high, suggesting the housing market had regained momentum. The Commerce Department said on Friday new home sales increased 2.9 percent to a seasonally adjusted rate of 610,000 units last ...

Ford's China move casts new cloud on Mexican carmaking

tdyadmin - 20 min 30 sec agoMEXICO CITY - A second U-turn this year by Ford Motor Co <F.N> in Mexic

Where the world's wealthiest spend their weekends

[NEW YORK] Now that the Hamptons are synonymous with wealth, leisure, and stratospheric real estate prices, it's no surprise that brokers around the world are eager to associate their own listings with the area.

Europe faces Herculean challenge to develop new fighter jet

tdyadmin - 17 min agoPARIS - Europe is embarking on an expensive and politically charged effort to develop

Sterling gains as market prices in BoE shift on rates

[LONDON] Sterling gained by almost half a per cent against the US dollar on Friday, helped by a shift in expectations for interest rates that has some in the market backing the Bank of England to raise borrowing costs within months.

EU promises tough line on U.S., China while pushing for free trade

tdyadmin - 29 min 50 sec agoBRUSSELS - German Chancellor Angela Merkel warned U.S.

CIA knew in August that Putin sought to boost Trump: report

[WASHINGTON] The CIA had top-level intelligence last August that Russian President Vladimir Putin personally ordered an operation to help Donald Trump win the US presidential race, the Washington Post reported Friday.

Hong Kong tycoon Stanley Ho steps down as Shun Tak Holdings' chairman

[HONG KONG] Stanley Ho, Macau gambling king and one of Asia's richest men, has stepped down as chairman of Hong Kong conglomerate Shun Tak Holdings Ltd, with his daughter Pansy Ho taking over the position.

US new home sales rise, median price surges to record high

WASHINGTON: New U.S. single-family home sales rose in May and the median sales price surged to an all-time high, suggesting the housing market had regained momentum. The Commerce Department said on Friday new home sales increased 2.9 percent to a seasonally adjusted rate of 610,000 units last ...

Policy ponder: central banks head for the Portuguese hills

The cool shade of the hills above Lisbon will offer leading central bankers an escape from the summer heat in the coming week, but there is little they can do to get away from their differing monetary policy conundrums.

US: Stocks dip as oil stabilises

[NEW YORK] Wall Street stocks retreated early Friday as oil prices stabilized and banking shares were mixed after passing the first stage of Federal Reserve stress tests.

EU migrants decry May's 'pathetic' Brexit offer

[LONDON] EU migrants to Britain said Friday that far from being "generous", Prime Minister Theresa May's offer for their post-Brexit future was stingy and would leave them prey to the whims of British lawmakers.

U.S. new single-family home sales rebound in May

tdyadmin - 31 min 34 sec agoWASHINGTON, - New U.S.

Oil prices flat, heading for biggest H1 fall since 1990s

[LONDON] Oil traded flat on Friday, hovering near a 10-month low in US prices hit earlier this week, and remained on course for its biggest first-half decline in almost two decades as production cuts have failed to reduce oversupply.

Commentary: Does Singapore still need a national airline?

It recently rose in Skytrax rankings to be named second best airline in the world, but Singapore Airlines' performance in the last quarter has sparked a debate on whether the airline is sufficiently innovative.

Whirlpool fridge started London tower block fire that killed 79

[LONDON] A deadly fire that killed at least 79 people in a London tower block started in a Whirlpool Corp fridge and spread at "unexpected speed" through the building's exterior cladding, police said, indicating they'll pursue charges if criminal offenses are identified.

Wall St. set to open little changed amid oil worries

Today - Wall Street was set to open little changed on Friday as investors awaited economic data and speeches by Federal Reserve policymakers for clues on interest rate hikes amid concerns over oil prices. Crude oil prices bounced off this week's...

BlackBerry's banner year hits snag as software sales falter

[TORONTO] BlackBerry Ltd's string of recent success may have hit a snag.

US dollar dips as traders look for Fed hike clues

[PARIS] The US dollar dipped to a four-day low against a basket of major currencies on Friday, as traders looked to US inflation data due next week to provide more clues on the Federal Reserve's policy outlook.

MAS Green Bond Grant scheme not limited to Singapore issuers

Today - SINGAPORE - It is not realistic to expect the Monetary Authority of Singapore's (MAS) Green Bond Grant Scheme to be restricted to Singapore issuers, as the domestic market is too small and such bonds are international by their nature, a senior central bank...

Canada's CIBC completes $5 billion PrivateBancorp acquisition

Today - TORONTO - Canadian Imperial Bank of Commerce said on Friday that it had completed the $5 billion acquisition of Chicago-based PrivateBancorp in a deal which will help it diversify from its domestic market. CIBC is...

Stock futures little changed as oil prices edge up

U.S. stock index futures were little changed on Friday as oil prices edged up and ahead of economic data and speeches by Federal Reserve policymakers.

Accenture unloads $1.6 billion in pension liabilities to AIG, MassMutual

Today - Consulting and outsourcing services provider Accenture Plc said on Friday it would transfer $1.6 billion in pension obligations to insurers American International Group Inc and MassMutual. The transfer includes about...

Accenture unloads US$1.6 billion in pension liabilities to AIG, MassMutual

Consulting and outsourcing services provider Accenture Plc said on Friday it would transfer US$1.6 billion in pension obligations to insurers American International Group Inc and MassMutual.

Big Oil turns to big data to save big money on drilling

[NEW YORK] In today's US shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.

Norway's wealth fund should be split from central bank: reform proposal

[OSLO] Norway's US$960-billion wealth fund, the world's largest, should be split off from the country's central bank, which has managed the fund since its launch in 1996, a government-appointed commission said on Friday.

'City that never sleeps' wants to dial down the volume

[NEW YORK] Car horns, sirens, drilling, jet overflights and restaurants where diners have to yell to be heard - New York is one of the loudest cities in the world.

Top Glove launches 5m shares placement at S$1.71 apiece

Anita Gabriel - TOP Glove Corp has launched the placement of five million existing listed and traded ordinary shares in the capital of the company (subject to top-up option) at S$1.71 per share in Singapore.

Daily Debrief: What Happened Today

Japanese warship takes Asian guests on cruise in defiance of China

[SOUTH CHINA SEA] Japan's largest warship steamed into the South China Sea this week in defiance of Chinese assertiveness, with Asian military guests on board to witness helicopters looping over the tropical waters and gunners blasting target buoys.

Malaysia enforces cap on foreign ownership of insurers' local units: sources

[KUALA LUMPUR] Malaysia's central bank has asked foreign insurers to raise the proportion of local shareholders in their firms to at least 30 per cent, under an initiative to lift domestic participation in the industry, people familiar with the matter said on Friday.

ST Engineering land systems arm acquires remaining stake in Technicae

Jude Chan - SINGAPORE (June 23): Mobility Systems (MSPL), a subsidiary of ST Engineering’s land systems arm ST Kinetics, has entered into an agreement to acquire the remaining 5.64% equity interest in Technicae Projetos e Serviços Automotivos (Technicae). The purchase consideration for the remaining stake in ...

Morgan Stanley said close to picking Frankfurt as new EU hub

[FRANKFURT] Morgan Stanley is close to picking Frankfurt for its new European Union hub in preparation for Britain's departure from the bloc, two people briefed on the matter said.

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