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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8 hours ago
Global financial crisis a decade ago still casts shadow over Singaporean investors: Survey
Today - SINGAPORE - Singaporeans are among the most conservative in the world in terms of investments, with a majority indicating that their investing decisions are still influenced by the global financial crisis a decade ago, a survey has showed. According to the...
8 hours ago
Russia threatens Telegram app with ban
[MOSCOW] Russia's state communications watchdog on Friday threatened to ban the Telegram messaging app because the company behind the service had failed to submit company details for registration.
8 hours ago
Markets Enter Healthy Corrections Phase
Jimmy Ng - Pursuant to US Fed raising its benchmark interest rate by another 25 basis points to 1 – 1.25 percent and signaling another increase in the later part of the year, Dow Jones marked another record high of 21,528.99 on 19 June. Nevertheless, profit taking and falling oil prices pressured the Wall St ...
8 hours ago
HNA Commercial REIT IPO issue size to be around $775 mil
Jude Chan - SINGAPORE (June 23): HNA Commercial REIT is expected to have an estimated issue size of $775 million in its upcoming initial public offering, according to reports on Friday. The commercial real estate investment trust is likely to be the biggest IPO this year, back by assets from Australia, the UK a ...
8 hours ago
Malaysia: Shares end the day higher
MALAYSIA share prices ended higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.02 points to 1,779.45.
8 hours ago
Toshiba says open to talks with Western Digital over chip unit sale
Today - TOKYO - Toshiba Corp said it was open to talks with Western Digital Corp in their dispute over the sale of the Japanese conglomerate's prized chip unit - an apparent olive branch after it chose another suitor as preferred bidder. Toshiba would...
8 hours ago
STI down 6 points
Claire Huang - SINGAPORE shares ended the day on a glum note even though the Dow futures, which the index tracks closely, was 20 points up just before 5 pm.
8 hours ago
China metes out 700m yuan punishment to Russian-controlled fund for role in 2015 crash
[SHANGHAI] A Chinese court meted out a nearly 700 million yuan (S$142.4 million) punishment to a Russian-controlled high-frequency trading firm for futures market manipulation on Friday, drawing a line under one of the most high-profile cases of misconduct Beijing blames for contributing to the 201 ...
9 hours ago
Ford recalls 15,600 cars in South Africa over fire risk
Today - JOHANNESBURG - Ford Motor Co is recalling nearly 16,000 Ikon and Figo models in South Africa due to a potential fire risk, it said on Friday. The models were built between 2004 and 2012 in India, Ford said in a statement. ...
9 hours ago
StarHub shares at 52-week low, perpetuals offer lower volatility
PC Lee - SINGAPORE (June 23): Shareholders of StarHub, long used to a regular and generous dividend payout, received some disappointing news this year. In February, the telco announced that it would cut its annual dividend payment to 16 cents from 20 cents. Since then, shares of StarHub have declined nearly ...
9 hours ago
Hong Kong: Stocks close flat
[HONG KONG] Hong Kong stocks finished Friday on a mild note following a tough week that saw energy firms hit by a plunge in oil prices.
9 hours ago
Noble Group surges as Abu Dhabi fund emerges as top holder
[LONDON] Noble Group Ltd, the commodity trader that's struggling for survival, has a new substantial shareholder after an Abu Dhabi fund built up a 5 per cent stake over two days. The stock rallied in Singapore.
9 hours ago
Facebook launches UK initiative to counter online extremist material
[BERLIN] Facebook Inc is launching a UK program to train and fund local organizations to combat extremist material online, as internet companies attempt to clamp down on hate speech and violent content on their services.
9 hours ago
Reuters says GLP to get bids from at least 3 prospective buyers next week
Reuters - HONG KONG/SINGAPORE (June 23): A Chinese consortium and two private equity firms are likely to submit bids next week to buy Singapore-listed warehouse operator Global Logistics Properties (GLP), people with direct knowledge of the matter said on Friday. The interest in GLP, backed by Singapore sover ...
9 hours ago
Singapore May factory output up 5 percent year-on-year on electronics strength
Reuters - SINGAPORE (June 23): Singapore's industrial production in May grew for the 10th consecutive month from a year earlier, helped by strong electronics output, data showed on Friday. Manufacturing output in May rose 5.0% year-on-year, data from the Singapore Economic Development Board showed, slower tha ...
9 hours ago
Gold firms on weak US dollar, risk aversion
[BENGALURU] Gold prices edged higher on Friday as the US dollar softened and risk aversion due to geopolitical events buoyed the safe-haven appeal of the metal.
9 hours ago
Ford recalls 15,600 cars in South Africa over steering fluid leak
Ford Motor Co is recalling nearly 16,000 Ikon and Figo models in South Africa due to a power steering fluid leak, it said on Friday.
9 hours ago
Tentative oil price recovery lifts energy stocks
World stocks were poised to eke out slim gains for the week on Friday as a tentative recovery in oil prices spurred investors to hunt for bargains in the beaten-down energy sector and helped commodity-related currencies gain against the dollar.
9 hours ago
Euro zone businesses end second quarter with slower growth: PMI
[LONDON] Roaring euro zone business growth tailed off unexpectedly toward the end of the first half of 2017 following a sudden slowing in the pace of expansion by services firms, a survey showed on Friday.
9 hours ago
GLP shares tumble after report of bidders pulling out. Co clarifies on bidding process
Tanu Pandey - Bidders were reportedly concerned over an insider bid led by the GLP CEO. The post GLP shares tumble after report of bidders pulling out. Co clarifies on bidding process appeared first on DealStreetAsia.
9 hours ago
GLP shares tumble after report of potential bidders pulling out, trading halted
Tanu Pandey - GLP shares crashed on Friday diving almost 9.3% at the time of opening The post GLP shares tumble after report of potential bidders pulling out, trading halted appeared first on DealStreetAsia.
9 hours ago
Toshiba stock listing status downgraded, deeper losses flagged
Toshiba Corp plans to ask regulators for an extension for filing its annual financial statement on Friday, the Yomiuri daily reported.
9 hours ago
VW waives appeal against German dieselgate compensation cases
Today - BERLIN - German carmaker Volkswagen has agreed to buy back diesel cars equipped with illicit emissions control software after deciding not to appeal a German court ruling backing plaintiffs' calls for compensation. Consumer...
9 hours ago
SPH is facing the same problem as SMRT
Goola Warden - SINGAPORE (June 23): Singapore Press Holdings' (SPH) media business once generated reliable cash flows that it invested in other ventures, especially property development. But the dynamics of the media and property businesses have changed dramatically in the last 15 years. To be sure, SPH’s proper ...
9 hours ago
India sends 31 satellites into space, some for foreign customers
[NEW DELHI] India fired a rocket carrying 31 small satellites into space on Friday, several of them for European countries looking for high resolution earth images, underlining its strength as a low-cost provider of services in space.
10 hours ago
Europe: Equities slip at open; London down 0.3%
[LONDON] Europe's major stock market indices weakened at the open on Friday, with London's benchmark FTSE 100 sliding almost 0.3 per cent to 7,420.44 points.
10 hours ago
US bans fresh Brazil beef imports over safety concerns
The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture (USDA) said, after a high percentage of shipments failed to pass safety checks.
10 hours ago
Australia shares end up, bank tax concerns limit gains; NZ down
[BENGALURU] Australian shares ended higher on Friday, supported by the materials and healthcare sector even as the market continued to be dogged by concerns over a new bank tax that dragged down financials.
10 hours ago
China May coal imports from Indonesia, Mongolia jump: customs
[BEIJING] China's coal imports in May from Indonesia, Mongolia and Russia jumped in the strongest sign yet that foreign providers are filling the supply gap following China's ban on coal from North Korea.
10 hours ago
Seoul: stocks close near record high, won edges up
[SEOUL] South Korean shares closed up for a second session on Friday near record highs, as expectations for strong second quarter corporate earnings supported the benchmark stock index.
10 hours ago
Toshiba estimates bigger loss for past year on Westinghouse, lawsuits
Today - TOKYO - Toshiba Corp said on Friday it now estimates a bigger loss for the past year ended in March due to potential legal damages over a $1.3 billion accounting scandal as well as an increase in liabilities at its now-bankrupt U.S. nuclear unit. ...
11 hours ago
Tokyo: Stocks close up
[TOKYO] Tokyo stocks ended slightly higher on Friday in cautious trade short of key market-moving events, while airbag supplier Takata rallied after several days of losses before an expected bankruptcy filing.
11 hours ago
Singapore: Digital marketing agency Disruptient merges with Dubai-based CreITive
Shiwen Yap - Deal has been structured as a cash and equity merger. The post Singapore: Digital marketing agency Disruptient merges with Dubai-based CreITive appeared first on DealStreetAsia.
11 hours ago
What the Scoot-Tigerair brand merger could bring
Staff Reporter - It could help improve capacity management. The Scoot-Tigerair brand merger could help improve capacity management for the two airlines, OCBC Investment Research said. Quoting CAPA Centre for Aviation, the brokerage firm said Scoot and Tigerair Singapore currently operate a combined fleet of 37 airc ...
11 hours ago
UOL increases stake in UIC
Staff Reporter - In exchange for the issuance of 27.3m shares. UOL announced an option agreement with Haw Par Corporation Ltd under which it will issue approximately 27.3m new shares in exchange for higher stakes in UIC. According to OCBC Investment Research, UOL’s interest in UIC will increase from 44.71% to ...
11 hours ago
Singapore equity capital proceeds down 62% to US$1b
Staff Reporter - Proceeds in the first half of 2016 amounted to US$2.8b. Local firms in Singapore tapping the equity capital markets (ECM) raised US$1.0b so far this year, a 62.3% decline in proceeds compared to the first half of 2016 when they raised around US$2.8b. According to Thomson Reuters data, this is despi ...