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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57 minutes ago

Michael Bloomberg to write US$4.5 million check for Paris climate pact

Kemal Dervis - Former New York mayor and billionaire Michael Bloomberg said on Sunday he will write a US$4.5 million check for this year's U.S. financial commitment to the Paris Climate Agreement.

2 hours ago

US should avoid 'trade war with allies': Macron

Kemal Dervis - WASHINGTON: French President Emmanuel Macron on Sunday (Apr 22) reiterated demands that Europe be definitively spared from punishing new US steel and aluminium tariffs, days before a temporary exemption is due to expire. "I hope ... he will decide for an exemption for the European Union," Macron .. ...

2 hours ago

IMF unveils new corruption policy for member states

Kemal Dervis - WASHINGTON: The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday (Apr 22). The new policy also tackles how rich countries contribute to corruption in the developing world by ...

2 hours ago

19 Singapore firms to exhibit ideas, products at Hannover Messe trade fair

Kemal Dervis - HANNOVER: A total of 19 Singapore companies are showcasing their newest ideas and products at Hannover Messe – the world’s largest trade fair for industrial technology – in Hannover, Germany from Monday (Apr 23) to Friday (Apr 27). These companies include Singapore Technologies Kinetics ...

3 hours ago

Temasek, CVC seek buyers for generics firm Alvogen’s eastern European ops

Arno Schuetze - Alvogen’s central and eastern European (CEE) business may be valued at up to $1 billion. CVC and Temasek bought a controlling stake in Alvogen in 2015 at a valuation of $2 billion. The post Temasek, CVC seek buyers for generics firm Alvogen’s eastern European ops appeared first on DealStreet ...

7 hours ago

China's ZTE seeks resolution of US export ban

Kemal Dervis - China's ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival.

10 hours ago

Keppel in talks with Golar for FLNG project for Tortue field

Andrea Soh - KEPPEL Corporation is in talks with liquefied natural gas (LNG) shipping company Golar LNG on floating LNG (FLNG) projects for the Tortue field located offshore Mauritania and Senegal.

10 hours ago

China Jinjiang Environment makes foray into Brazil; Q1 earnings drop 21%

Andrea Soh - CHINESE waste-to-energy (WTE) operator China Jinjiang Environment has agreed to subscribe for a majority stake in a Brazilian WTE company as it also announced a 21 per cent drop in first-quarter earnings.

10 hours ago

Deloitte & Touche appointed interim judicial managers for China Sports International

Andrea Soh - SPORTSWEAR maker China Sports International, which earlier applied to the Singapore High Court to have the company placed under judicial management, has had its interim judicial managers appointed.

10 hours ago

Jubilee strikes new placement agreement to raise S$1 million with private investor

Andrea Soh - ELECTRONICS components distributor Jubilee Industries Holdings has agreed to place S$1 million in shares to a private investor, replacing a previous agreement for a S$5 million share placement to the same investor.

10 hours ago

JEP terminates China aerospace precision machining services joint venture

Andrea Soh - JEP Holdings' planned joint venture (JV) to provide precision machining and engineering services for the aerospace industry in China has been terminated.

13 hours ago

China welcomes US to visit to discuss trade

Kemal Dervis - China on Sunday said it welcomed plans by top U.S. officials to visit the country to discuss trade and economic issues, amid tensions between the world's two largest economies.

13 hours ago

China welcomes US to visit China to discuss trade

Kemal Dervis - China on Sunday said it welcomed plans by top U.S. officials to visit the country to discuss trade and economic issues, amid tensions between the world's two largest economies.

18 hours ago

World Bank shareholders approve US$13 billion capital increase

Kemal Dervis - World Bank shareholders approved a "historic" increase in the bank's lending capacity on Saturday (Apr 21) after the United States backed a reform package that curbs loans and charges more for higher income countries like China.

19 hours ago

Japan may soften trade stance as US keeps up pressure

Kemal Dervis - Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is gradually shifting gear to adjust to a trade environment shaken up by U.S. President Donald Trump.

20 hours ago

EU, Mexico reach agreement on free trade deal

Kemal Dervis - The EU and Mexico said Saturday they had reached an "agreement in principle" to modernise a free-trade deal sealed in 2000 between Brussels and the Latin American country.

21 hours ago

World Bank says shareholders endorse capital increase

Kemal Dervis - The World Bank said on Saturday its shareholders had endorsed a US$13 billion paid-in capital increase, a series of internal reforms and a set of policy measures to strengthen the international lender's capabilities.

21 hours ago

EU, Mexico reach 'agreement in principle' on free-trade deal

Kemal Dervis - The EU and Mexico said Saturday they had reached an "agreement in principle" to modernise a free-trade deal sealed in 2000 between Brussels and the Latin American country.

22 hours ago

Door to US-China trade talks seems to open after IMF meeting

Kemal Dervis - The gathering of world finance ministers began with heightened anxiety about the potential damage a US-China trade war could do to the economic recovery but ended Saturday with a door open to negotiations.

24 hours ago

US signals support for increase in World Bank funding

Kemal Dervis - US Treasury Secretary Steven Mnuchin on Saturday signaled Washington would support the World Bank request for a sharp increase in lending capacity in exchange for reforms to curb loans to higher income countries like China.

24 hours ago

US Treasury's Mnuchin considering trip to China for trade talks

Kemal Dervis - US Treasury Secretary Steven Mnuchin said Saturday he was considering a trip to Beijing to hold talks on the trade dispute that is seen as a threat to the global economy.

1 day ago

Telecom standards group puts new technology on hold in wake of US probe

Kemal Dervis - A telecommunications standards organization - GSMA - said on Saturday it is delaying implementation of a new cellphone technology due to a U.S. government probe of alleged coordination between the group, AT&T Inc and Verizon Communications Inc to hinder consumers from easily switching wireless ...

1 day ago

US sanctions on Vekselberg have US$1.5-US$2 billion assets frozen: sources

Kemal Dervis - ZURICH/MOSCOW - Assets totaling between US$1.5 billion and US$2 billion have been frozen as a result of sanctions imposed on Russian oligarch Viktor Vekselberg and his Renova Group conglomerate, two sources close to the matter told Reuters on Saturday. The United States imposed sanctions against ...

1 day ago

Ford tells WPP it will take bids from other ad agencies

Kemal Dervis - Ford Motor Company said on Saturday it will take bids on some of its advertising managed by WPP , adding to uncertainty around the British ad giant after last week's exit of founder Martin Sorrell.

1 day ago

Multiple 'No' votes at Deutsche Bank's April 8 meet to change CEO - sources

Kemal Dervis - Multiple supervisory board members cast dissenting votes at a meeting that reshuffled top management at Deutsche Bank earlier this month, according to several people with knowledge of the matter.

1 day ago

Wells Fargo's big fine puts fresh focus on power of Trump tweets

[WASHINGTON] For years, Republican lawmakers and regulators have groused about big corporate fines, arguing that they mostly punish blameless shareholders, not the executives who are responsible for misconduct.

2 days ago

ECB is said to see scope to wait for July to signal end of QE

[FRANKFURT] European Central Bank policy makers see scope to wait until their July meeting to announce how they'll end their bond-buying program, according to euro-area officials familiar with the matter.

2 days ago

Apple's shares slip again as concern mounts over iPhone sales

[TORONTO] Apple Inc fell for the third day after analysts at Morgan Stanley cut their forecasts for iPhone shipments, adding to concern about the tech giant's primary source of revenue ahead of quarterly earnings in May.

2 days ago

US grain ships change direction mid-voyage after China tariffs

[CHICAGO] At least two ships loaded with sorghum have changed course while sailing across the Indian Ocean after China imposed a hefty tariff on US supplies this week The N Bonanza and RB Eden were loaded with sorghum at the port of Corpus Christi, Texas. Both departed mid-March, destined for Shang ...

2 days ago

Takeda adds more cash in boosting Shire bid over US$60b

[LONDON] Takeda Pharmaceutical Co sweetened its offer for drugmaker Shire Plc to more than US$60 billion after three prior bids were rejected, wooing investors in the US company with a higher cash component.

2 days ago

India's ATMs are running out of cash. Again.

[NEW DELHI] For the second time in 18 months, India has a shortage of cash. And like last time, economists say, it's primarily the government's fault.

2 days ago

Trump's next US$100 billion tariff dilemma: hit Wal-Mart or Apple Store?

Kemal Dervis - U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days.

2 days ago

Ahead of Malaysian polls, bots flood Twitter with pro-government messages

[KUALA LUMPUR] Just weeks before Malaysia goes to the polls, automated accounts known as bots are flooding Twitter with tens of thousands of pro-government and anti-opposition messages, according to a review of the tweets by Reuters and a US digital media research institute.

2 days ago

NY to ban cars from Manhattan's Central Park

[NEW YORK] New York will soon ban cars from its beloved Central Park, the city's mayor announced Friday, citing a commitment to reducing pollution and "prioritising people over cars."

2 days ago

Ferragamo names veteran Gucci executive as general manager

[FLORENCE, Italy] Italy's Salvatore Ferragamo appointed Gucci executive Micaela Le Divelec as general manager on Friday, postponing selection of a new chief executive.

2 days ago

Nafta ministers to meet again as elections quicken pace

[WASHINGTON] Nafta talks will continue through the weekend before ministers regroup Tuesday, as negotiations take on new urgency while Mexico cautions nothing is imminent.