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
Gold steadies below US$1,250 an ounce awaiting Fed meeting
[NEW YORK] Gold steadied below US$1,250 an ounce on Monday after its biggest weekly drop in more than six months as markets anticipated an interest rate hike from the US Federal Reserve this week.
22 minutes ago
Oil gains on Forties Pipeline shutdown, New York blast
[NEW YORK] Oil prices rose on Monday, overcoming declines early in the session, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York.
28 minutes ago
Europe: Tumbling techs dominate stocks, despite bank bounce
[MILAN] Persistent weakness in tech stocks outweighed strong financials on Monday, while a climb in the euro dented euro zone markets, leaving the pan-European Stoxx 600 index 0.1 per cent lower.
32 minutes ago
HSBC avoids prosecution as US deal lapses
[LONDON] US authorities are lifting the threat of prosecution against the British banking giant HSBC, five years after it admitted to widespread money laundering and sanctions violations, the bank said Monday.
40 minutes ago
Exclusive: Comcast drops bid for Fox assets, leaving Disney in pole position
KEVIN TAN - Comcast Corp said on Monday it had abandoned its bid for most of the assets of Twenty-First Century Fox Inc , leaving Walt Disney Co as the sole suitor in pursuit of the US$40 billion-plus deal.
44 minutes ago
US: Dow, S&P 500 end at records, Apple gains on Shazam buy
[NEW YORK] The Dow and S&P 500 edged to fresh records on Monday led by technology shares, including Apple, which rose following its acquisition of song recognition app Shazam.
50 minutes ago
Boeing lifts dividend by 20 percent, sets new US$18 billion share buyback
KEVIN TAN - Boeing Co said on Monday it would raise its quarterly dividend by 20 percent to US$1.71 per share and replace its existing share repurchase program with a new US$18 billion authorization.
55 minutes ago
Bitcoin futures suggest breakneck rise in price to slow
KEVIN TAN - Newly launched bitcoin futures indicated on Monday that financial markets expect the cryptocurrency to climb further but at a far slower rate than in recent weeks as warnings of a bubble grew.
60 minutes ago
Minorities in the dark over Datapulse's fate
Anita Gabriel - IF SANTA (bear with me; it's the Christmas season afterall) were keeping track of who has been naughty or nice on the Singapore Exchange, mainboard-listed Datapulse Technology could find itself closely watched by the red-suited rotund man.
60 minutes ago
Uber's taxi U-turn sets a better path in South-east Asia
Clara Ferreira-Marques - UBER'S entire business has been predicated on flooring it right at the establishment. Co-founder Travis Kalanick once said his company was in a campaign where "the incumbent is an a*****e called taxi". New boss Dara Khosrowshahi just pulled a U-turn in Singapore by striking a deal wi ...
60 minutes ago
Trump and Jerusalem: much ado about nothing
Leon Hadar - ONCE again, the mainstream media have reacted with all-too-familiar hysteria to a political move by President Donald Trump, this time to his announcement last week that the United States was reversing 70 years of American policy by officially recognising Jerusalem as Israel's capital and that ...
60 minutes ago
Low expectations from WTO Ministerial
EVAN ROGERSON - IF the WTO's 11th Ministerial Conference did not exist, there would be little reason to invent it. The two-yearly cycle of Ministerials prescribed in the WTO's founding agreement has helped to raise expectations of concrete results each time, with the accompanying risk of high-profile fai ...
60 minutes ago
Current US policy on Russia and China spurs them to band together
The efforts in the 1970s by then US president Richard Nixon and his adviser, Henry Kissinger, to bring about a rapprochement with China and at the same time to ease tensions with the Soviet Union, has been hailed as a diplomatic masterstroke.
60 minutes ago
Is Singapore ready as the GDPR deadline draws near?
Sheena Chin - AS Singapore works towards becoming a Smart Nation, it is important to strike a balance between leveraging Big Data to transform the economy and data privacy. On the business front, data relating to individual behaviours and preferences have translated into a competitive advantage for many organisa ...
60 minutes ago
Powering up governance in Asean with digitalisation
Claus Andresen - AS THE ASSOCIATION of South-east Asian Nations celebrates 50 years of its establishment this year, one of its key achievements has been the formation of the Asean Economic Community (AEC) - a platform that enables the economic integration of its 10 member states. It is already making an impact on t ...
60 minutes ago
Both public and private sectors must lead in implementing Paris deal
Andrew Hammond - FRENCH President Emmanuel Macron is hosting a major One Planet climate summit on Tuesday, with dozens of world political leaders and a host of other key players, including Bill Gates, Arnold Schwarzenegger and Michael Bloomberg.
60 minutes ago
New flats and new role for Dakota Crescent estate
ONE of Singapore's oldest public housing estates, Dakota Crescent, will receive a new lease of life when new public flats are built there, but parts of the historic estate will be retained, Minister for National Development Lawrence Wong said yesterday.
60 minutes ago
Centurion prices Hong Kong IPO shares at HK$3.18; offer 4.1 times subscribed
Navin Sregantan - DORMITORY developer Centurion Corp has priced its secondary-listing offer in Hong Kong at HK$3.18 per share, near the mid-point of price talk of between HK$3 and HK$3.30.
60 minutes ago
SingHaiyi, shareholders take 9.9% stake in Cromwell for A$169m
Nisha Ramchandani - MAINBOARD-LISTED real estate group SingHaiyi has, in conjunction with Haiyi Holdings, subscribed for about 175.1 million units of stapled securities, or a 9.9 per cent stake, in Australia-listed Cromwell Property Group for A$169.6 million (S$172.4 million).
60 minutes ago
Woh Hup unit launches VC fund, invests in co-living startup
Lee Meixian - WOH Hup unit Aurum Investments has launched a double-digit multi-million venture capital fund, and invested US$1.5 million in seed funding in co-living startup Hmlet.
60 minutes ago
London property market likely to stay weak in 2018
LONDON'S property market is in for another rough ride next year, according to Rightmove Plc.
60 minutes ago
SC Global makes maiden acquisition in Tokyo's Ginza
Kalpana Rashiwala - UPMARKET Singapore-based property group SC Global Developments has acquired a 12-storey prime freehold commercial development in Tokyo's Ginza district.
60 minutes ago
China rental push spurs new breed of property bonds
CHINA'S push to develop the rental housing sector is offering cash-strapped property developers a way back to the onshore bond market after more than a year of issuance restrictions aimed at cooling down property prices.
60 minutes ago
Sweden braces itself for property market's 'November Noir'
ANYONE with a stake in Sweden's property market should make space for Thursday in their calendar. That's when they'll get fresh clues as to whether they are facing a temporary blip or the start of a full-blown crash.
60 minutes ago
GGP rejects Brookfield Property's US$14.8b buyout offer: sources
GGP Inc, one of the largest owners and operators of US shopping centres, has rejected a US$14.8 billion buyout offer from its biggest shareholder, Brookfield Property Partners LP, people familiar with the matter said on Sunday.
60 minutes ago
Banks sing auld lang syne amid existential question: what is a bank?
Jamie Lee - THREE years ago, McKinsey took the view that while fintechs would hurt the margins of global banks, banks would be able to stand their ground in holding on to customers.
60 minutes ago
Bitcoin surges past US$18,000 in debut on Chicago bourse
BITCOIN surged past US$18,000 after making its debut on a major global exchange but was trading lower on Monday, highlighting the volatility of the controversial digital currency that has some investors excited but others nervous.
60 minutes ago
SoftBank's Saudi links may mean cash after purge
BILLIONAIRE Masayoshi Son may be getting closer to achieving his dream of making SoftBank Group Corp the world's biggest investor in technologies. The reason has to do with the main patron of Mr Son's US$100 billion investment plan, Saudi Arabia's Crown Prince Mohammed bin Salman.
60 minutes ago
GBP takes a pounding from Brexit
THE British pound has more in common with the Colombian peso and the Polish zloty than you may think.
60 minutes ago
Validus licensed to deal in securities in Singapore
Navin Sregantan - VALIDUS Capital announced on Monday that it has been awarded a full Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS), to deal in securities - a move that may give Singapore's small and medium enterprises (SMEs) more access to financing opportunities.
60 minutes ago
Danske's wealth management robot now has 11,500 clients
IN just over half a year, Danske Bank A/S has attracted 11,500 clients to an investment service provided by a robot. Denmark's biggest financial firm now hopes the project will help it expand its wealth management operations.
60 minutes ago
Fresh beginnings with new fee guide for doctors
Claire Huang - AFTER a decade, Singapore is back where it started on the prickly issue of benchmarks for doctors' fees. Amid the sense of déjà vu, there is greater hope this time round that the long overdue benchmark may have more success.
60 minutes ago
Stronger US economy could spur earlier Fed hike in 2018: survey
A STRENGTHENING US economy may spur the Federal Reserve to raise interest rates twice in the next 31/2 months as a tight labour market pushes risks to the upside, a Bloomberg survey showed.
60 minutes ago
Trial under way for car clearance at checkpoints to go high-tech
ROBOTIC arms, biometric scanners and facial detection technology may soon greet drivers at Tuas and Woodlands checkpoints as early as next year - if an ongoing trial proves successful.
60 minutes ago
IRAS appoints Ng Wai Choong as new commissioner and CEO
Navin Sregantan - THE Inland Revenue Authority of Singapore (IRAS) on Monday announced that Ng Wai Choong has been appointed to dual roles as commissioner of inland revenue and chief executive officer from Feb 1, 2018.
60 minutes ago
Will middle-class Americans notice the tax cut?
A FUNNY thing happened when Congress approved a tax cut for the middle class eight years ago: Most Americans didn't notice.