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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13 hours ago

US agency accuses Walmart of pregnancy discrimination in lawsuit

Robert J Samuelson - The U.S. Equal Employment Opportunity Commission on Friday filed a lawsuit accusing Wal-Mart Stores East LP of forcing pregnant workers at a Wisconsin warehouse to go on unpaid leave and denying their requests to take on easier duties.

13 hours ago

Comcast and Fox take US$34 billion battle for Britain's Sky to the wire

Robert J Samuelson - Comcast and Twenty-First Century Fox face a quick-fire auction for British broadcaster Sky on Saturday after neither side backed down in a drawn-out US$34 billion battle.

14 hours ago

White House expresses optimism on China trade; no date for more talks

Robert J Samuelson - The United States is assessing China's response to the Trump administration's latest round of tariffs and does not have a scheduled date to announce for another round of talks, a senior White House official said on Friday.

14 hours ago

Dissected new iPhones reveal Intel, Micron, Toshiba parts

Robert J Samuelson - Apple Inc's latest iPhones use components made by Micron Technology and Toshiba among others, according to a firm that cracked open iPhone XS and XS Max.

14 hours ago

SingHealth cyber attack: Not all IHiS employees aware of what to do in a cyber-security incident

youjin.low - Alfred Chua2 hours 15 min agoSINGAPORE — Two staff members from the information technology arm of the Ministry of

15 hours ago

KKR-backed Calsonic lines up 5 billion euro financing for Magneti takeover: sources

Robert J Samuelson - Calsonic Kansei has lined up around 5 billion euros (US$5.9 billion) in financing from Japanese banks to fund its proposed acquisition of Fiat Chrysler's unit Magneti Marelli, four sources familiar with the matter said.

16 hours ago

Singapore consumers can choose electricity provider from November

Robert J Samuelson - The liberalisation of the electricity market to the rest of Singapore will be done progressively in stages over the next six months.

16 hours ago

Exclusive: EU antitrust regulators aim to fine AB Inbev in Belgian beer case - sources

Robert J Samuelson - EU antitrust regulators aim to fine Anheuser-Busch InBev for preventing cheaper beer imports into Belgium despite the beer giant's attempts to settle the EU case, people familiar with the matter said.

16 hours ago

Sakae Holdings files police report against customer who failed to pay for sugar trade

Claudia Chong - SAKAE Holdings said on Friday that it has filed a police report relating to the failure of a customer to pay US$4.3 million for 9,343 metric tonnes of sugar delivered in December 2017.

17 hours ago

S&P, Dow hit record highs at the open

Robert J Samuelson - Stock index futures handed back initial gains on Friday to point to a flat opening for U.S. markets, with the impact of a rise in oil prices on energy companies offset by a drop in chipmaker shares.

18 hours ago

Homemaker who left Indonesian helper with bloodied head sentenced to 13 months’ jail

youjin.low - Victor Loh5 hours 11 min agoSINGAPORE — For four years between 2012 and 2016, Indonesian domestic helper Tumijah

18 hours ago

Expect volume spike on sector reshuffle, quadruple witching

Chew Yi Hong - An overhaul of Wall Street's technology and media sectors will coincide with the quarterly expiration of futures and options, potentially bringing a burst of volume and volatility to trading on Friday and the days that follow.

18 hours ago

British inquiry widens Danske Bank money laundering scandal

Robert J Samuelson - COPENHAGEN/LONDON: Danske Bank's money laundering scandal spread to Britain on Friday as the National Crime Agency (NCA) said it is investigating the use of UK-registered companies. Concern about the extent of possible money laundering involving Danske Bank's Estonian branch is mounting and ...

19 hours ago

Futures flat as oil gains offset chipmaker falls

Robert J Samuelson - Stock index futures handed back initial gains on Friday to point to a flat opening for U.S. markets, with the impact of a rise in oil prices on energy companies offset by a drop in chipmaker shares.

19 hours ago

Receding trade fears help stocks hit six-month high

Robert J Samuelson - World shares hit their highest levels in over six months on Friday, as investors gravitated to the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared.

19 hours ago

WTO eyes China bid to slap stiff trade sanctions on US

Robert J Samuelson - GENEVA: A World Trade Organization arbitrator will review Friday a Chinese request to impose more than US$7 billion (nearly 6 billion euros) in annual sanctions on the United States over anti-dumping practices, a Geneva trade official said. The decision to appoint an arbitrator was reached during . ...

19 hours ago

Farfetch tops price range in IPO in boon to luxury market

Robert J Samuelson - Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over US$5.8 billion and underscores how big a bet web sales have become for high-end brands.

19 hours ago

Asia PE-VC Summit 2018: With capital in abundance, funds are after great ideas in SEA

Nguyen Thi Bich Ngoc - The number of startups is getting more every year, because there are more problems to solve, Damian Tan, managing director of Vickers Venture Partners, said The post Asia PE-VC Summit 2018: With capital in abundance, funds are after great ideas in SEA appeared first on DealStreetAsia.

20 hours ago

Danske Bank money laundering 'giga scandal' spreads to Britain

Robert J Samuelson - LONDON/COPENHAGEN: Danske Bank's money laundering scandal spread on Friday (Sep 21) as Britain's National Crime Agency (NCA) said it is investigating the use of UK-registered companies. "This is a giga scandal," European Union Competition Commissioner Margrethe Vestager said, joining a growing ...

20 hours ago

SandRidge says interim CEO not in race for top job

Robert J Samuelson - SandRidge Energy Inc said on Friday interim Chief Executive Officer William Griffin would not be a candidate for the position of CEO.

20 hours ago

Vibrant Group in talks over proposed sale-and-leaseback for its facility

Nisha Ramchandani - VIBRANT Group's subsidiary, LTH Logistics (Singapore), is currently in exclusive discussions with an international real estate fund about the possible sale and leaseback of its chemical logistics and warehousing facility for over S$220 million.

20 hours ago

Hong Kong dollar strengthens the most in 15 years on rate rise expectations

Robert J Samuelson - HONG KONG: The closely-controlled Hong Kong dollar saw its biggest spike since 2003 on Friday (Sep 21), pulling it off the lower end of its narrow trading band, where it had been stuck for six months. The Hong Kong dollar advanced as much as 0.6 per cent to HK$7.7929 per US dollar, its biggest ...

20 hours ago

French minister optimistic over buyer for Ford Blanquefort plant

Robert J Samuelson - French Economy minister Bruno Le Maire said on Friday that talks with Belgian transmissions supplier Punch Powerglide over the purchase of Ford's Blanquefort gearbox plant in southwestern France should be concluded next month.

20 hours ago

At high-tech Tokyo Game Show, old skool ones are the best

Robert J Samuelson - MAKUHARI, Japan: At the Tokyo Game Show, the world's top firms compete to show off their very latest in high-tech gaming gadgetry: from head-spinning virtual reality to cutting-edge multiplayer e-sports. But crowds were flocking not only to the latest smartphone shoot-em-up, but classic games from . ...

21 hours ago

Brexit 'humiliation' leaves May vulnerable: UK papers

Robert J Samuelson - Prime Minister Theresa May's "humiliation" at the hands of EU leaders who rejected her Brexit plans dominated Britain's front pages Friday, although eurosceptic publications accused her tormenters of mafia-style behaviour.

21 hours ago

UK minister says PM May did not miscalculate at Salzburg EU summit

Robert J Samuelson - British Prime Minister Theresa May did not miscalculate in negotiations with European Union leaders at this week's informal summit in Salzburg, housing minister James Brokenshire said on Friday.

21 hours ago

NTUC Enterprise to buy Kopitiam by year-end

Robert J Samuelson - SINGAPORE: NTUC Enterprise is set to acquire homegrown food court operator Kopitiam Investment and its subsidiaries by the end of the year, the two parties announced in a joint press release on Friday (Sep 21).  The deal will bring Kopitiam's 80 outlets islandwide, including the Lau Pa Sat ...

21 hours ago

Singapore shares close 1.2% higher on Friday

Rachel Mui - SINGAPORE stocks ended higher on Friday, with the Straits Times Index advancing 37.25 points or 1.2 per cent to 3,217.68. 

23 hours ago

Professionals sign up to offer service as proxy decision-makers to those who lose mental capacity

jeremylee - Cynthia Choo4 hours 19 min agoSINGAPORE — Individuals may now get professionals to make decisions on their behalf s

23 hours ago

Risk management integration & disruption crucial to digital transformation projects: EY poll

Michelle Zhu - SINGAPORE (Sept 21): Risk professionals are essential for building trust and confidence when implementing emerging technology and digital transformation projects, suggests the findings of a recent EY poll. Out of the 1,200 participants who attended the recent webcast entitled How can you turn digita ...

23 hours ago

Open electricity market to be extended island-wide from Nov 1

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No They may opt to stay with SP group to buy power at a regulated tariff. The open electricity market (OEM) will be extended to all consumers across all zones in Singapore by November, the Energy Market Authority revealed. Through the new scheme ...

23 hours ago

MAS senior official joins Accounting Standards Council

Vivien Shiao - A SENIOR official from the Monetary Authority of Singapore (MAS) has been appointed a member of the Accounting Standards Council (ASC) by the Minister for Finance.

23 hours ago

NTUC Enterprise to buy over Kopitiam in deal expected by year’s end

youjin.low - Kenneth Cheng4 hours 37 min agoSINGAPORE — NTUC Enterprise is set to buy over home-grown food centre operator Kopiti

23 hours ago

NTUC Enterprise to buy Kopitiam in move to keep cooked food prices affordable

Leila Lai - NTUC Enterprise Co-operative Limited is acquiring homegrown food centre operator Kopitiam Investment and its subsidiaries as part of its social mission to ensure that cooked food remains affordable and accessible to the Singapore community, it announced on Friday.

23 hours ago

These are the economies with the most (and least) efficient healthcare

Bloomberg - (Sept 21): Want medical care without quickly draining your fortune? Try Singapore or Hong Kong as your healthy havens. The US will cost you the most for treatment, both in absolute terms and relative to average incomes, while life expectancy of Americans -- about 79 years -- was exceeded by more tha ...

24 hours ago

Households and businesses can choose electricity provider from November

PC Lee - SINGAPORE (Sept 21): Starting November, households and businesses will have the option of buying electricity from a retailer on a price plan that best meets their needs. To be rolled out progressively in four geographical zones, consumers can buy electricity from any of the 12 authorised retailers. ...