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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4 hours ago

Toll Group's $228 mil hub is latest addition to Singapore's logistics space

Trinity Chua - SINGAPORE (July 19): Toll Group officially launched its 100,000 sq m logistics hub in Tuas on Wednesday, complete with drones and autonomous vehicles zipping around the facility. Only 3 km away from the Tuas Port which will be completed by 2019, the facility is expected to serve growing traffic in S ...

4 hours ago

Man jailed for attempting to steal cop’s gun, spitting at another and punching his son

maelynn - Louisa Tang1 hour 22 min agoSINGAPORE — A 53-year-old man who attempted to steal a police officer’s gun, spat at

4 hours ago

Shanghai Turbo proposes independent adviser and independent reviewer

Yunita Ong - SHANGHAI Turbo Enterprises has proposed WongPartnership as its independent adviser and Nexia TS Risk Advisory as its independent reviewer, it said in a Thursday evening filing with the Singapore Exchange (SGX).

4 hours ago

Comcast drops pursuit for Fox assets

Michelle Quah - Comcast Corp has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc on which it was bidding against Walt Disney , and instead will focus on its offer for UK TV group Sky , the company said on Thursday.

5 hours ago

China, UAE announce new trade zone ahead of Xi visit

Michelle Quah - DUBAI: China and the UAE have signed an agreement to build a new trade zone in Dubai, the Emirates' state-owned port operator said on Thursday (Jul 19) ahead of President Xi Jinping arriving in Abu Dhabi. The UAE's DP World announced the deal with the Zhejiang China Commodities City Group to build ...

5 hours ago

US weekly jobless claims drop to more than 48-1/2-year low

Michelle Quah - The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/2 years, as the labor market continues to strengthen.

5 hours ago

IBM answers some doubters with revenue growth, cloud sales

5 hours ago

AirAsia announces US$30 billion deal for 100 Airbus planes

Michelle Quah - SEPANG, Malaysia: Malaysian budget airline AirAsia announced a US$30 billion order for 100 Airbus A330neo long-haul planes on Thursday (Jul 19) as it sets its sights on European routes. The first delivery of the passenger jets will arrive towards the end of 2019 and will allow the airline to take . ...

5 hours ago

EU regulators charge Qualcomm with additional violation in pricing case

Michelle Quah - EU antitrust regulators on Thursday charged Qualcomm with a new violation in a case where the U.S. chipmaker has been accused of selling chipsets below cost to drive out Nvidia Corp unit and British phone software maker Icera.

5 hours ago

Singapore ratifies new trans-pacific trade deal

Michelle Quah - SINGAPORE: Singapore on Thursday (Jul 19) ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), becoming the third nation to do so after Mexico and Japan, the Ministry of Trade and Industry (MTI) said in a press release. The CPTPP - a new version of the Trans .. ...

5 hours ago

SIA Engineering Q1 bottom line expands 10% to S$40.5m

Lee Meixian - AN increase in share of profits of associated and joint venture companies lifted results for SIA Engineering (SIAEC) in its second quarter.

5 hours ago

SIA Engineering Q2 bottom line expands 10% to S$40.5m

Lee Meixian - AN increase in share of profits of associated and joint venture companies lifted results for SIA Engineering (SIAEC) in its second quarter.

5 hours ago

SIA Engineering Q2 bottom line expands 10.4% to S$40.5m

Lee Meixian - AN increase in share of profits of associated and joint venture companies lifted results for SIA Engineering (SIAEC) in its second quarter.

5 hours ago

SIA Engineering Q2 bottom line expands 10.4% to S$40.5 million

Lee Meixian - AN increase in share of profits of associated and joint venture companies lifted results for SIA Engineering (SIAEC) in its second quarter.

6 hours ago

SIC proposes amendments to takeover code for dual-class share companies

Lee Meixian - THE Securities Industry Council (SIC) on Thursday said it has proposed amendments to the Singapore Code on Takeovers and Mergers to clarify the application of the code provisions to companies with a dual-class share structure (DCS) that have a primary listing on the Singapore Exchange.

6 hours ago

Repeat offender who extorted teen with sex video shows up drunk in court

youjin.low - Louisa Tang48 min 41 sec agoSINGAPORE — He was set to be sentenced on Thursday (July 19) for extortion and theft.

6 hours ago

Blackstone posts 55 percent rise in second quarter earnings per share

Michelle Quah - Blackstone Group LP , the largest manager of alternative assets such as private equity and real estate, said on Thursday second-quarter earnings per share rose 55 percent from one year ago.

6 hours ago

No serious bids yet for Tuaspring, Hyflux says

Marissa Lee - NO serious bids have been made yet for Hyflux's sale of Tuaspring, although there are now eight interested parties at various stages of the bidding process, Hyflux chief executive Olivia Lum said on Thursday.

6 hours ago

Switzerland seeks to regain cryptocurrency crown

Michelle Quah - Swiss regulators are stepping up efforts to halt an exodus of cryptocurrency projects from the country, after two of only a handful of banks active in the nascent sector shut their doors on it in the last year.

6 hours ago

Keppel's Q2 profit jumps 44% on property, infrastructure divisions

Michelle Quah - SINGAPORE: Keppel Corp posted a 44 per cent rise in its second-quarter profit, citing stronger earnings from its property and infrastructure divisions that offset losses in its other segments, including offshore and marine. Keppel, whose businesses range from rig-building to property development ...

6 hours ago

EU readies new trade retaliation list before Trump visit

Michelle Quah - The European Union's trade commissioner said on Thursday she hopes an EU mission to Washington will ease a transatlantic trade dispute but the bloc is preparing a list of U.S. imports to hit if the United States imposes tariffs on EU cars.

6 hours ago

Audi CEO Stadler presses for release from German custody

Michelle Quah - FRANKFURT: Audi's suspended Chief Executive Rupert Stadler has appealed to a court to be released from custody after spending the past month in jail, the Munich prosecutor's office said on Thursday (Jul 19). Stadler was arrested in mid-June as part of a broader probe into emissions cheating at the . ...

6 hours ago

Trump thanks Novartis, Pfizer for not raising drug prices

Michelle Quah - WASHINGTON: US President Donald Trump on Thursday (Jul 19) thanked two major drug companies for not raising their prices and said his administration was working toward "substantially" cutting prescription-drug prices. "Thank you to Novartis for not increasing your prices on prescription drugs ...

6 hours ago

Saudi Aramco in talks to buy stake in world's no. 4 chemical firm

Michelle Quah - DUBAI: Saudi Aramco said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC , a move that could boost the state oil giant's market valuation ahead of a planned initial public offering. Aramco said in a statement that it was in "very early-stage discussions" with .. ...

7 hours ago

Keppel Corp Q2 net profit surges 44% to S$246m, announces 15-cent dividend

Lee Meixian - STRONGER earnings from its property and infrastructure divisions gave a lift to the second-quarter results of Keppel Corporation, which on Thursday also announced an interim dividend of 10 cents per share for the first half of the year, plus a special dividend of five cents per share to celebrate ...

7 hours ago

Daily Debrief: What Happened Today

7 hours ago

Airbus seeks splash to end airshow with AirAsia wide-body order

Michelle Quah - FARNBOROUGH, England: Airbus was set on Thursday (Jul 19) to win a much-needed endorsement for the A330neo from its largest buyer as AirAsia prepared a long-distance finale to the Farnborough Airshow. This week's air show has been dominated by a flurry of unidentified orders swelled by leasing ...

7 hours ago

Norway wealth fund buys logistics real estate in California

Michelle Quah - OSLO: Norway's sovereign wealth fund, the world's largest, has bought a logistics property in the U.S. state of California with its property partner Prologis, it said on Thursday. The fund paid US$25.4 million for a 45-percent stake in the property. Prologis will hold the remaining 55 percent. The . ...

7 hours ago

Apathy of ‘culturally closed off’ Singaporeans coud affect social cohesion: IPS researcher

asyrafkamil - Toh Ee Ming18 min 33 sec agoSINGAPORE — An Institute of Policy Studies (IPS) researcher has identified a group of

7 hours ago

Exclusive: General Electric's power unit faces threat in Saudi Arabia

Michelle Quah - NEW YORK and ABU DHABI: One of General Electric Co's largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. State-controlled Saudi Electricity Co (SEC) has qualified at ...

7 hours ago

Keppel reports 38% rise in 1H earnings to $583 mil on property and infrastructure divisions

PC Lee - SINGAPORE (July 19): Keppel Corporation reported a 38% rise in 1H18 earnings to $583 million from $423 million a year ago as stronger contributions from the property and infrastructure divisions which more than offset losses incurred by the offshore & marine (O&M) and investments divisions. ...

7 hours ago

19-year-old is first Singaporean to embark on award-winning Arctic expedition

youjin.low - Wong Pei Ting22 min 33 sec agoSINGAPORE — Victoria Lim's fervour for the environment was fired up three years

7 hours ago

TODAY's evening brief for Thursday, July 19

jeremylee - 0 sec agoGood evening! Here's a selection of the latest headlines.

7 hours ago

Malaysia: Shares close higher on Thursday

MALAYSIA share prices closed higher on Thursday, with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 6.17 points to 1,759.24.

7 hours ago

Japan exports to US fall, business mood sours amid fears of trade war

Michelle Quah - Japan's exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about U.S. President Donald Trump's protectionist trade policies.

7 hours ago

Singapore shares end higher on Thursday

Leila Lai - SHARE prices in the Singapore bourse closed higher on Thursday, with the key Straits Times Index up 1.1 per cent or 37.08 points to 3,277.58.