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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18 minutes ago
China to hold key conclave with PBOC, policy jobs in play: sources
[SINGAPORE] President Xi Jinping will convene a Communist Party meeting within days to select China's next government, including monetary and financial regulators, according to people familiar with the matter.
20 minutes ago
South Korea: Stocks recover on foreign buying, won strengthens
[SEOUL] South Korea's Kospi stock index rose sharply early on Friday, while the won also gained on the local platform but bond yields fell.
26 minutes ago
Brokers' take: UOB Kay Hian bullish on Venture, sees profit surpassing 2018 consensus estimate
Stephanie Luo - UOB Kay Hian has upgraded mainboard-listed Venture Corporation to a "buy", and is upbeat that the global electronics provider has potential revenue in excess of S$2.5 billion per year.
27 minutes ago
Hong Kong: Stocks bounce at open
[HONG KONG] Hong Kong stocks rallied more than one percent after opening on Friday morning, rebounding from the previous day's losses and helped by gains on Wall Street.
55 minutes ago
Holy cow: India just overtook Singapore in 4G network availability
Staff Reporter - Submitted By:  Adrian Reodique Case Study:  No If you think your 4G mobile network is getting worse you are not imagining it. Even Thailand and India have better 4G performance in terms of availability, according to OpenSignal’s The State of LTE Report revealed. Singapore recorded o ...
1 hour ago
Asian shares rebound as US rate fears ebb
Sumit Agarwal - Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries that the central bank might raise rates more aggressively this year, while the safe-haven yen held on to its gains amid heightened volatility across markets.
1 hour ago
Malaysia: Shares open lower on Friday
MALAYSIA share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.29 points to 1,853.78 as at 9.02am.
1 hour ago
Singapore shares open higher on Friday; STI up 0.6%
Rachel Mui - SINGAPORE stocks opened higher on Friday, with the Straits Times Index rising 0.6 per cent, or 22.61 points to 3,511.07 as at 9.03am.
1 hour ago
Daily Markets Briefing: STI down 0.79%
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Expect some good news today. The Straits Times Index (STI) ended 27.77 points or 0.79% lower to 3488.46, taking the year-to-date performance to +2.51%. The top active stocks were DBS, which declined 1.53%, UOB, which declined 0.29%, Sembcorp M ...
1 hour ago
New Silkroutes to acquire 2 Chinese firms for S$65m in new medical consumables push
Wong Kai Yi - NEW Silkroutes Group on Friday announced it is acquiring two Shanghai-based makers of medical consumables for S$65 million, as it seeks to expand its healthcare division and become a major supplier of such consumables in China and South-east Asia.
1 hour ago
Daily Briefing: Pearl Bank Apartments' 70s legacy fades; German accelerator debuts in Singapore
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No And here’s how to find the right agent to sell your property. From Property Guru: Like it or not, we may not be the most suitable person to respond to enquiries, face prospective buyers or show off the various excellent attributes of our ...
1 hour ago
Stocks to watch: Sembcorp Industries, ST Engineering, OUE, Trek 2000, Sheng Siong
Rachel Mui - THE following companies saw new developments that may affect trading of their shares on Friday:
1 hour ago
Commonwealth Bank of Australia denies most new claims in money-laundering case
[BENGALURU] Commonwealth Bank of Australia on Friday denied most of the 100 additional claims made against it in a major lawsuit by Australia's financial intelligence agency regarding breaches of anti-money laundering laws.
1 hour ago
Daily Briefing: Bidadari cemetery gives real estate life; Pearl Bank Apartments' 70s legacy fades
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No And here’s how to find the right agent to sell your property. From Property Guru: Like it or not, we may not be the most suitable person to respond to enquiries, face prospective buyers or show off the various excellent attributes of our ...
2 hours ago
Chart of the Day: Expected hotel supply to fall in three years
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No The government is deliberately slowing hotel development after supply overflowed before 2017. This chart from DBS Equity Research shows that after a period of high supply between 2014 and 2017, supply is expected to moderate between 2018 and 2 ...
2 hours ago
Stocks to watch: Sembcorp, Wilmar, ST Engineering, OUE, Far East Orchard, UE, Sheng Siong
The Editor - SINGAPORE (Feb 23): Here are some stocks that could move the market this Friday morning: Sembcorp Industries says it has started the process for an initial public offering of Sembcorp Energy India on BSE and the National Stock Exchange of India, with the filing of a draft prospectus. In its 4Q17 res ...
2 hours ago
Trump calls meeting on biofuels policy blamed by bankrupt refiner
Sumit Agarwal - U.S. President Donald Trump has called a cabinet-level meeting early next week to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to three sources familiar with the matter.
2 hours ago
EU leaders to clash over post-Brexit budget
[BRUSSELS] European Union leaders will lay down the first markers on Friday on the size and aims of the bloc's next long-term budget, as a large hole in its finances begins to take shape with next year's departure of one of its main net contributors.
2 hours ago
ST Engineering's full-year profit up 6%; proposes final dividend of 10 S cents per share
Wong Kai Yi - ST Engineering has announced a 6 per cent increase in profit for fiscal 2017 on the back of increased growth across its sectors, while revenue remained relatively flat.
2 hours ago
ST Engineering's full-year 2017 profit up, proposes final dividend of 10 S cents per share
Wong Kai Yi - ST Engineering has announced a 6 per cent increase in profits for fiscal 2017 on the back of increased growth across its sectors, while revenue remained relatively flat.
2 hours ago
Healthway Medical narrows Q4 net loss to S$28.8m
Rachel Mui - CLINIC operator Healthway Medical Corporation (HMC) on Friday posted a fourth-quarter net loss of S$28.8 million, narrowing its loss by 35.6 per cent from a loss of S$44.8 million in the previous year.
2 hours ago
Japan's Sharp drops suit against China's Hisense over North America TV sales: Nikkei
Sumit Agarwal - Japanese electronics maker Sharp Corp would drop legal action blocking China's Hisense Group from selling television in North America, Nikkei reported on Friday.
2 hours ago
New Silkroutes expands into medical consumables business with China acquisitions; trading suspension to be lifted on Monday
Samantha Chiew - SINGAPORE (Feb 23): New Silkroutes Group (NSG) announced that it has entered into a memorandum of understanding (MOU) to acquire two Shanghai-based firms that manufacture polypropylene fabrics, polyester wadding and related products for a consideration of $65 million. NSG will be acquiring the two f ...
2 hours ago
Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner
Sumit Agarwal - U.S. President Donald Trump has called a cabinet-level meeting early next week to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to three sources familiar with the matter.
2 hours ago
Tokyo: Stocks open higher on Friday
[TOKYO] Tokyo stocks opened higher on Friday, with investor sentiment propped up by a rebound on Wall Street.
2 hours ago
Sembcorp Industries to list India biz, sell utilities assets
Aradhana Aravindan - Sembcorp said it expected utilities asset divestments to provide estimated cash proceeds of up to S$500 million ($379.19 million). The post Sembcorp Industries to list India biz, sell utilities assets appeared first on DealStreetAsia.
2 hours ago
Healthway Medical narrows 4Q losses by 35.6% to $28.8 mil
Samantha Chiew - SINGAPORE (Feb 23): Healthway Medical Corporation (HMC) announced that it has narrowed its 4Q17 losses by 35.6% to $28.8 million compared to $44.8 million in 4Q16. This brings FY17 losses to $34.8 million, 21.1% lower than $44.1 million recorded in FY16. Revenue for the quarter increased by 24.6% to ...
2 hours ago
Sembcorp Q4 profit down 85%; plans to list India energy business
Stephanie Luo - SEMBCORP Industries on Friday revealed plans to list its India energy business and to reposition its utilities arm as it posted an 85 per cent drop in net profit.
3 hours ago
Airbnb expands offerings with new upscale categories
[SAN FRANCISCO] Home-share titan Airbnb on Thursday took aim at more upscale travelers with new categories including premium lodging and properties for "trips of a lifetime." In one of the most significant updates since the San Francisco-based firm launched a decade ago, Airbnb added what ...
3 hours ago
ST Engineering says FY17 earnings up 5.6% to $511.9 mil on higher sales
Samantha Chiew - SINGAPORE (Feb 23): ST Engineering reported a 5.6% increase in FY17 earnings to $511.9 million from $484.5 million in FY16. Revenue for the full year ended Dec 2017 was 1.0% lower at $6.62 billion from $6.68 billion in the previous year. Revenue from the aerospace sector was 2% higher y-o-y at $2.54 ...
3 hours ago
Commentary: GST on imported digital services a mouthful but I see what you did there
Sumit Agarwal - Two tax experts from PwC discuss the way the GST on imported digital services has been structured – and say it’s well-scoped for a variety of reasons.
3 hours ago
BlackRock puts gunmakers on notice after Florida school shooting
Sumit Agarwal - The world's largest asset manager put U.S. gunmakers on notice on Thursday that it is no longer business as usual in the wake of a shooting that killed 17 at a Florida high school.
3 hours ago
OCBC to issue 500m euros of 5-year covered bonds at 0.375% coupon
Kenneth Lim - OCBC Bank is issuing 500 million euros (S$813.2 million) of five-year covered bonds at a fixed coupon of 0.375 per cent under an existing programme.
3 hours ago
Sembcorp to list India energy unit on BSE, NSE after strategic review; reports 84.6% fall in 4Q earnings to $22.8 mil
PC Lee - SINGAPORE (Feb 23): Sembcorp Industries says it has started the process for an initial public offering of Sembcorp Energy India on BSE and the National Stock Exchange of India, with the filing of a draft prospectus. The announcement was made by Sembcorp after the completion of its strategic review w ...
3 hours ago
Japan's Sharp drops suit against Hisense over TV sale in North America: Nikkei
Sumit Agarwal - Japanese electronics maker Sharp Corp would drop legal action blocking China's Hisense Group from selling television in North America, Nikkei reported on Friday.
3 hours ago
Gold swings higher as US dollar surrenders gains
[NEW YORK] Gold rose on Thursday, snapping four sessions of losses as the US dollar surrendered early gains, though the metal remained lower for the week to date and analysts said they expected trading to be rangebound.






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