4 hours ago
Singtel eyes divestment of A$2b Australia tower portfolio: report
Fiona Lam - SINGTEL is said to be looking to sell its telecommunications towers in Australia worth more than A$2 billion (S$1.73 billion) in total.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
4 hours ago
SembMarine safe from SGX watch-list despite 3 years of losses
Vivienne Tay - RIG builder Sembcorp Marine has given notice that it has recorded pre-tax losses for three consecutive years.
4 hours ago
Kingboard's 3rd bid for Elec & Eltek is almost double last traded price
Rachel Chia - HONG Kong-listed Kingboard is offering HK$18.07 per share, or US$2.33 at the current exchange rate, to take printed circuit board manufacturer Elec & Eltek International Holdings (E&E) private.
4 hours ago
What to do when world is in a coronacoma
Paul Krugman - THE economic contraction we're experiencing is the fastest on record, by a large margin; we've probably lost as many jobs over the past two weeks as we did in the whole of the Great Recession. The policy response is also gigantic, several times as large a share of gross domestic product a ...
4 hours ago
Large US banks to take small business loan applications next week: Mnuchin
Olivia Poh - U.S. Treasury Secretary Steven Mnuchin said on Friday he expects all large U.S. banks to be participating in a newly launched, US$350 billion small business coronavirus rescue loan program by next week, with community banks issuing most of the loans so far.
4 hours ago
Warren Buffett's Berkshire Hathaway sells some stake in Delta Air Lines
Olivia Poh - Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc .
4 hours ago
Occidental appoints Robert Peterson as CFO
Olivia Poh - Oil and gas producer Occidental Petroleum Corp said on Friday it appointed Robert Peterson as the company's new chief financial officer.
4 hours ago
Fiat Chrysler postpones shareholders' meeting and resolution on dividend to late June
Olivia Poh - Fiat Chrysler said on Friday it decided to postpone to late June its shareholders' meeting scheduled for April 16, as a consequence of the continuing coronavirus emergency.
4 hours ago
Exxon plays on virus worries in Baytown contract talks: union official
Olivia Poh - A union official said on Friday Exxon Mobil Corp is playing on economic uncertainty caused by the coronavirus pandemic in negotiations with workers at its Baytown, Texas, refinery.
5 hours ago
Wall Street falls as coronavirus shreds US payrolls
Rachel Mui - Wall Street's main indexes fell more than 1.5per cent on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, intensifying fears of a deep economic slowdown.
5 hours ago
Morgan Stanley plans to hold annual meeting in person
Rachel Mui - Morgan Stanley plans to hold in person its annual shareholder meeting, scheduled for May 21, the Wall Street bank said on Friday, even as many companies have moved their meetings online amid the novel coronavirus outbreak.
6 hours ago
Fed Chair Powell spoke with Trump as virus took aim at US
Rachel Mui - Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday show, including a brief call during the last week of the month when it was becoming clearer that the coronavirus would likely have more than a ...
6 hours ago
Wall Street Weeks Ahead: Investors look to coronavirus data to support a stabilizing markets
Rachel Mui - Investors are parsing a broad range of signals, from infection counts to more traditional indicators, for clues on the trajectory markets may take in coming weeks as the pandemic caused by the novel coronavirus continues to spread.
6 hours ago
Wall Street falls as coronavirus cuts into US payrolls
Wall Street's main indexes fell on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, leaving little doubt that the economy is in a recession.
6 hours ago
The watchdogs overseeing the US$2.3 trillion US bailout
Who's watching over the U.S. government's largest bailout in history - the US$2.3 trillion in fiscal stimulus to fight the economic impact of the coronavirus?
6 hours ago
Kraft Heinz says has halted three plants due to coronavirus outbreak
Rachel Mui - Kraft Heinz Co has moved to halt production at three different plants because of a decline in demand stemming from the new coronavirus outbreak, its Chief Executive Miguel Patricio on Friday said in a video presentation hosted by Brazilian retail brokerage XP Inc .
6 hours ago
Richmond Fed's Barkin: Employment numbers to get worse before getting better
Rachel Mui - U.S. employment numbers will get worse amid the ongoing coronavirus outbreak before getting better, Richmond Federal Reserve President Thomas Barkin said in an interview with Bloomberg News.
6 hours ago
American Airlines applies for US payroll assistance grants
Rachel Mui - American Airlines, the largest U.S. airline, confirmed Friday it has applied to the U.S. Treasury for a chunk of the US$25 billion payroll assistance grants approved by Congress last week.
6 hours ago
Global currency funds notch wins amid coronavirus volatility
Rachel Mui - Global currency fund managers racked up gains in the first quarter as they benefited from the extreme volatility that the coronavirus pandemic has stoked across financial markets.
7 hours ago
JPMorgan says now accepting applications for federal loan program
Rachel Mui - JPMorgan Chase & Co , the largest U.S. lender by assets, started accepting at Friday midday applications for loans from the federal government's paycheck protection program, according to a post on the bank's website.
7 hours ago
Trump says Bank of America, others doing 'great job' on small-business loans
Rachel Mui - President Donald Trump hailed one of the country's largest banks, as well as many small lenders, for making small business emergency loans on the first day of a new U.S. coronavirus economic relief program.
7 hours ago
Two US state AGs seek info on Zoom's privacy practices
Rachel Mui - At least two U.S. state attorneys have sought information from Zoom Video Communications Inc following multiple reports that questioned the privacy and security of the video-conferencing app.
7 hours ago
Fed Chair Powell spoke with Trump as central bank geared up for virus response
Rachel Mui - Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday show, including a brief call during the last week of the month when it was becoming clearer that the coronavirus would likely have more than a ...
7 hours ago
Constellation Brands says Mexico breweries still running amid coronavirus outbreak
Constellation Brands Inc , the U.S. distributor of Corona beer, said on Friday its Mexican breweries were still operational and supply to the United States was intact even as rivals suspended production due to the coronavirus pandemic.
7 hours ago
Exclusive: Amazon to delay marketing event Prime Day due to coronavirus
Amazon.com Inc is postponing its major summer shopping event Prime Day at least until August and expects potentially a US$100 million hit from excess devices it may now have to sell at a discount, according to internal meeting notes seen by Reuters.
8 hours ago
Cisco's Webex draws record 324 million users in March
Rachel Mui - Cisco Systems Inc's video-conferencing app Webex registered a record 324 million attendees in March, with usage more than doubling in the Americas, as the coronavirus-led lockdowns forced businesses to have employees work from home.
8 hours ago
Hedge fund Glenview off 30per cent as coronavirus weighs on portfolio
Rachel Mui - Glenview Capital Management, the hedge fund run by Larry Robbins, has lost roughly 30per cent in the first three months of 2020 as the spread of the new coronavirus hurt the healthcare facilities and hospital operators the firm has invested in.
9 hours ago
US airlines face deadline to apply for federal payroll grants
Rachel Mui - U.S. airlines and contractors faced a deadline of 5 p.m. on Friday to tap the federal government for up to US$32 billion in payroll grants to help them ride out a dramatic drop in air travel demand due to the new coronavirus outbreak.
9 hours ago
Bank of America received 10,000 applications within first hour of small-business loan program
Bank of America Corp has already received about 10,000 applications for federally backed small-business loans within the first hour of starting to accept them, Chief Executive Brian Moynihan said in a CNBC interview on Friday.
9 hours ago
Online applications for Temporary Relief Fund to begin soon, no rush to sign up, says Desmond Lee
siewfern -
10 hours ago
Long queues at supermarkets after announcement of ‘circuit breakers’ to contain Covid-19
razalia -
10 hours ago
Coronavirus depresses US payrolls, more job losses coming
The U.S. economy shed 701,000 jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus outbreak shuttered businesses and factories, confirming a recession is underway.
10 hours ago
Helicopters? Bailouts? Central banks move to stem coronavirus crisis
Rachel Mui - Central banks are pulling out all the stops to try to shield their economies from the new coronavirus pandemic, raising questions about whether they risk crossing a line by bailing out governments that are massively raising their spending.
10 hours ago
IMF, WHO urge leaders to focus on health spending to get virus under control
Rachel Mui - The IMF and the World Health Organization on Friday urged leaders of developing countries to prioritize paying medical staff, buying protective gear and other health expenditures in their response to the COVID-19 pandemic.
10 hours ago
US airlines face deadline to apply for US payroll grants
U.S. airlines and contractors faced a deadline of 5 p.m. on Friday to tap the federal government for up to US$32 billion in payroll grants to help them ride out a dramatic drop in air travel demand due to the new coronavirus outbreak.
10 hours ago
3M to make more face masks, ramp up imports to US after Trump order
3M Co said on Friday it would continue to increase the production of respirators, after US President Donald Trump announced he was invoking the Defense Production Act to get the company to manufacture more face masks.