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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2 days ago

Singapore December factory output decline moderates to 0.7%

Janice Heng - SINGAPORE'S factory output fell 0.7 per cent year-on-year in December, moderating from November's revised figure of an 8.9 per cent fall, according to preliminary figures from the Singapore Economic Development Board on Friday.

2 days ago

Gold steadies as markets turn defensive

Benjamin Lu - MARKETS remained on edge as painful memories of the Severe Acute Respiratory Syndrome (SARS) resurfaced over the spread of a new coronavirus.

2 days ago

Singapore biotech firm Veredus expects to have Wuhan virus test by Feb 1

Ng Ren Jye - HOMEGROWN biotech firm Veredus Laboratories on Friday announced it is developing a test for the Wuhan virus.

2 days ago

Fighting the spread of disease with the spread of information

Keerthi Harish - AMID tepid optimism following the preliminary China-US Phase One trade deal, concern in the region has now shifted to the novel coronavirus outbreak originating in Wuhan. The rapid spread of the disease domestically and internationally has prompted health officials to take expedient precautions to ...

2 days ago

Your data, my business: Why data privacy is especially hazardous for startups

Claudia Chong - HOW do you add contacts into your smartphone? Do you fill in a name and phone number and be done with it?

2 days ago

Outbreak could catalyse China's smart city innovation

Robyn Mak - THE metropolis of Wuhan, with a population of 11 million, is under unprecedented quarantine as a deadly virus, believed to have originated there, spreads around the world ahead of the Lunar New Year when hundreds of millions of Chinese travel.

2 days ago

ARA H-Trust sets up S$800m debt issuance programme

Vivienne Tay - ARA US Hospitality Trust (ARA H-Trust) has established an S$800 million multicurrency stapled debt issuance programme, it said on Friday morning.

2 days ago

Wuhan virus fears send STI to its first weekly loss of the year

Navin Sregantan - UNDERSTANDABLY, the focal point of market talk this week was on the spread of the Wuhan coronavirus ahead of Chinese New Year.

2 days ago

Lian Beng proposes S$9.4m exit from loss-making UEP

Fiona Lam - LIAN Beng Group is looking to dispose of its 40 per cent stake in asphalt premix manufacturer United E&P (UEP) for S$9.4 million.

2 days ago

DBS raises SGX target price to S$9.60, maintains 'buy' call

Rachel Mui - DBS Group Research has raised its target price for the Singapore Exchange (SGX) to S$9.60, up from S$8.90 previously, while maintaining its "buy" call on the stock.

2 days ago

Property taxes Middle-East, North Africa's low-hanging fruit

Amr Adly - UNDER increasing pressure from restive populations that are demanding economic opportunity and social justice, many governments in the Middle East and North Africa (MENA) are keen to speed up economic growth and increase job creation.

2 days ago

US Justice Dept. plans to hold meeting to discuss tech industry liability - sources

Ng Ren Jye - The U.S. Justice Department is planning to hold a conference to discuss the future of a current federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday.

2 days ago

Remaining hurdles for scandal-hit Wells Fargo

Wells Fargo & Co and its officials have racked up well over US$4 billion (3 billion pounds) in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds.

2 days ago

US Treasury Secretary Mnuchin expects next China trade talks in 'near future'

DAVOS, Switzerland: US Treasury Secretary Steven Mnuchin said on Friday (Jan 24) that he expects to begin negotiations with China on a so-called Phase 2 trade deal soon, with Washington and Beijing on the same page. "My guess is they (China) will consider waiving other tariffs as part of their ...

2 days ago

Bytedance's TikTok hires Microsoft IP chief as general counsel

Popular mobile video app TikTok said on Friday it has hired attorney Erich Andersen from Microsoft to serve as the company's global general counsel, reporting to president Alex Zhu.

2 days ago

Intel's blockbuster results lift shares to dotcom peak, fire up sector

Intel Corp's shares hit their highest in nearly two decades on Friday after cloud computing demand fired up the chipmaker's data center business and allayed concerns of market share loss to rival AMD, lifting stocks across the sector.

2 days ago

Coming soon - the smartphone that promotes 'Russian values'

Smartphones and other devices sold in Russia must be pre-installed with software that is morally sound and espouses traditional Russian values, according to new draft rules.

2 days ago

Financier doubts add to Boeing's MAX headaches

To restore faith in the 737 MAX, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment.

2 days ago

US pushes India to buy US$5-6 billion more farm goods to seal trade deal: Sources

Ng Ren Jye - The United States wants India to buy at least another US$5-6 billion worth of American poultry and farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession, four sources familiar with the talks told Reuters.

2 days ago

New Huawei restriction in limbo after Pentagon disagrees with Commerce approach

The US Commerce Department has put on hold a rule aimed at further reducing sales to China’s Huawei Technologies amid pushback from the Defense Department, people familiar with the matter said.

2 days ago

Walmart testing higher minimum wage for some employees

Walmart Inc is testing out a higher starting wage for certain jobs in about 500 stores as part of an overhaul of roles and responsibilities in the United States, Bloomberg reported on Friday.

2 days ago

US senator slams Tesla's 'misleading' name for Autopilot driver assistance system

Tesla Inc touted safeguards to its driver assistance system "Autopilot" after a Democratic US senator on Friday urged the automaker to rebrand the system because it has "an inherently misleading name."

2 days ago

Bombardier scrambles to craft rail merger with Alstom, Hitachi: Sources

Ng Ren Jye - Bombardier has approached France's Alstom and Japan's Hitachi to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters.

2 days ago

Four-comma club: Predicting the next company to join trillion-dollar value elite

The trillion-dollar market cap club expanded last week to a third U.S. company, with Google parent Alphabet Inc topping the lofty valuation mark. Adding the next member, however, is likely to take a while.

2 days ago

Wall St slides on coronavirus fears, Intel offers support

Ng Ren Jye - U.S. stocks fell on Friday amid renewed concerns over the spreading of a coronavirus outbreak from China, offsetting strong gains for Intel.

2 days ago

Chinatown quieter this year, shopkeepers say business is dwindling

razalia -

2 days ago

Wall Street slides on coronavirus fears, Intel limits losses

Ng Ren Jye - U.S. stocks fell on Friday amid renewed concerns over the spreading of a coronavirus outbreak from China, offsetting strong gains for Intel.

2 days ago

Chinese New Year event organisers, religious authorities announce measures against Wuhan virus

razalia -

2 days ago

Nestle teams up with Canadian plant-based ingredient makers

Ng Ren Jye - Food group Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops.

2 days ago

Tesla touts safeguards as senator urges company to rebrand 'Autopilot'

Ng Ren Jye - Tesla Inc touted safeguards to its driver assistance system "Autopilot" after a Democratic U.S. senator on Friday urged the automaker to rebrand the system because it has "an inherently misleading name."

2 days ago

Walmart testing higher minimum wage for some staffers: Bloomberg

Ng Ren Jye - Walmart Inc is testing out a higher starting wage for certain jobs in about 500 stores as part of an overhaul of roles and responsibilities in the United States, Bloomberg reported on Friday.

2 days ago

Wall Street bogged down by China virus fears, Intel limits losses

Ng Ren Jye - Wall Street came under pressure on Friday as investors sold energy, financial and healthcare stocks on mounting fears over the coronavirus outbreak in China, while strong gains for chipmaker Intel limited losses on the main indexes.

2 days ago

Intel's cloud growth lifts shares, fires up other chipmakers

Intel Corp's shares rose 5per cent on Friday after demand from data centers fired up the chipmaker's cloud business and allayed concerns of market share loss to rival AMD , lifting shares across the sector.

2 days ago

Nasdaq hits record high on Intel strength

Ng Ren Jye - The tech-heavy Nasdaq index hit a new high on Friday after a strong forecast from Intel and encouraging business activity data out of Europe, while concerns eased over the coronavirus outbreak in China.

2 days ago

Nasdaq set for fresh record on strong Intel forecast

Ng Ren Jye - REUTERS: The tech-heavy Nasdaq was set to hit a new record high on Friday after a strong forecast from Intel and encouraging business activity data out of Europe lifted the mood, while investors tracked latest developments related to the coronavirus outbreak. Chipmaker Intel Corp jumped 4.8per ...

2 days ago

Shanmugam rejects TOC’s application to cancel correction direction for article on execution methods

razalia -