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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6 hours ago

US Commerce Secretary Ross to visit China June 2-4 to discuss trade: Xinhua

Andrea Soh - U.S. Commerce Secretary Wilbur Ross will visit China from June 2 to 4 to discuss Sino-U.S. trade relations, the official Xinhua News Agency said on Friday.

6 hours ago

Australia: Shares dip on materials and energy; a2 Milk boosts NZ

[BENGALURU] Australian shares ticked down on Friday, led by weakness in materials and energy stocks as prices of commodities and crude oil fell.

6 hours ago

Singapore's 3rd derivatives exchange kicks off trading with palm oil contract

[KUALA LUMPUR] Singapore's third derivatives exchange kicked off trading on Friday with the launch of palm oil futures, with other contracts expected down the line.

7 hours ago

Apple blocks Steam's plan to extend its video games to iPhones

[SAN FRANCISCO] Apple Inc has blocked the plans of the biggest distributor of PC-based video games to extend its reach into iPhones, according to the game distributor, a sign that Apple is serious about protecting its ability to take a cut of digital purchases made inside games on its mobile device ...

7 hours ago

Oregon family finds Amazon's Alexa has a mind of her own

[SAN FRANCISCO] A Portland, Oregon, family has learned what happens when Amazon.com Inc's popular voice assistant Alexa is lost in translation.

7 hours ago

As Singapore and India fight over futures, investor worries grow

[SINGAPORE] What started as a business disagreement between two Asian exchanges has become a source of growing concern for international investors.

7 hours ago

Malaysia's commercial crime chief set to give statement on 1MDB

[KUALA LUMPUR] Malaysian police's head of commercial crime was set to hold a press conference on Friday related to 1Malaysia Development Berhad, a day after former premier Najib Razak concluded a statement to anti-graft agents investigating the state fund.

7 hours ago

Yoma Strategic, Pernod Ricard joint venture eyes Myanmar's whisky industry

Rachel Mui - MAINBOARD-listed Yoma Strategic Holdings on Friday said it intends to form a joint venture company with Pernod Ricard alongside other partners to produce and distribute whisky in Myanmar. 

7 hours ago

Trump-Kim 'breakup' sparks Twitter mirth over commemorative coins

[WASHINGTON] President Donald Trump's letter to North Korean leader Kim Jong Un cancelling their summit next month prompted a deluge of derisory comments on Twitter on Thursday, including many about the now discounted commemorative coin pre-minted for the occasion.

7 hours ago

Hong Kong: Stocks open with losses on Friday

[HONG KONG] Hong Kong shares opened lower on Friday morning as investors were spooked by news that Donald Trump had called off a historic summit with North Korean leader Kim Jong Un.

8 hours ago

US jury awards Apple US$539 million in Samsung patent retrial

Andrea Soh - REUTERS: After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay US$539 million to Apple Inc for copying patented smartphone features, according to court documents, bringing a years-long feud between the technology companies into its final stages . ...

8 hours ago

Asian shares shaky after Trump ditches summit with North Korea

Andrea Soh - Asian shares were slightly weaker on Friday amid fragile market sentiment after U.S. President Donald Trump called off a key summit with North Korea, though investor concerns were softened by expectations the two countries may still continue dialogue.

8 hours ago

Malaysia: Shares open higher on Friday

MALAYSIA share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 13.16 points to 1,788.82 at 9am.

8 hours ago

Singapore shares open lower on Friday, STI down 0.3% to 3,518.88

Rachel Mui - SINGAPORE stocks opened lower on Friday, with the Straits Times Index retreating 10.04 points, or 0.3 per cent to 3,518.88 as at 9.01am.

8 hours ago

Japan's 2017 external assets fall, still biggest creditor nation

[TOKYO] Japan's net external assets fell for a third straight year in 2017 as rises in gross overseas debt outpaced asset gains, though the country remained the biggest creditor nation for the 27th straight year, the Ministry of Finance (MOF) said on Friday.

8 hours ago

Stocks to watch: RHT Health Trust, SingHaiyi, Singapore Shipping Corp, Bukit Sembawang Estates

Rachel Mui - THE following companies saw new developments that may affect trading of their shares on Friday:

8 hours ago

Singapore’s GIC emerges as most active Asian PE investor in Q1

Mars Woo - In addition to 11 completed PE deals in the quarter, GIC made a string of other investments, including joining a $1.5-billion funding round in Indonesia's Go-Jek. The post Singapore’s GIC emerges as most active Asian PE investor in Q1 appeared first on DealStreetAsia.

8 hours ago

Midas Holdings under probe by China, Hong Kong authorities: SGX RegCo

Ann Williams - THE Singapore Exchange said on Friday that its regulation unit, SGX RegCo, has been in engagement with the Chinese Embassy in Singapore in relation to communications with the relevant authorities in China on developments at Midas Holdings.

8 hours ago

Google tries to ease tensions on eve of new EU privacy law

[SAN FRANCISCO] Alphabet Inc's Google sought to ease online publisher concerns on Thursday about the effects European data privacy rules going into effect in just a few hours will have on their ad business.

8 hours ago

Mexico says will not renegotiate NAFTA under pressure, but makes new offer

Andrea Soh - Mexico will not buckle to pressure to conclude the long-stalled renegotiation of NAFTA, President Enrique Pena Nieto's spokesman said on Thursday, but a source said the country made a new offer after the United States launched a probe exploring auto tariffs.

8 hours ago

FSL Trust uses proceeds from bond issue as partial repayment for loan

Rachel Mui - FIRST Ship Lease (FSL) Trust Management on Friday said it has raised net proceeds of about US$7 million following the issue of its redeemable 7 per cent convertible bonds on May 21. 

9 hours ago

North Korea says still open to talks with US

[SEOUL] North Korea on Friday said it was still willing to talk to the United States after President Donald Trump cancelled a summit between the two countries, a decision Pyongyang described as "extremely regrettable".

9 hours ago

Frasers Property acquires owner of new logistics warehouse in Netherlands for 25m euros

Ann Williams - FRASERS Property Ltd on Friday said it has acquired a new freehold logistics warehouse in the Netherlands.

9 hours ago

Tokyo: Stocks open lower after US-North Korea summit cancelled

[TOKYO] Tokyo stocks opened lower on Friday, hit by pessimism after Washington called off a planned summit with North Korea.

9 hours ago

MLT sells S$220m of units at S$1.197 apiece to cover rich end of price talk

Rachel Mui - MAPLETREE Logistics Trust (MLT) has priced an upsized S$220 million overnight placement of units at S$1.197 apiece to cover the rich end of initial indications. 

10 hours ago

UK households less confident as economy worries grow: survey

[LONDON] British households turned less confident in May, reflecting uncertainty about the economy's prospects ahead of Brexit next year, according to a survey published on Friday.

10 hours ago

Trump signs Dodd-Frank rollback as deregulation push continues

[WASHINGTON] US President Donald Trump on Thursday signed into law the first major rollback of the post-crisis banking regulations following after Congress approved the legislation this week.

10 hours ago

Oil slips further below US$80/barrel on talk Opec may lift output

[NEW YORK] Oil prices fell about US$1 on Thursday, with expectations building that reduced supplies from Venezuela and Iran could prompt Opec to wind down output cuts in place since the start of 2017.

10 hours ago

Facebook, Twitter tighten rules for political ads

[WASHINGTON] Twitter on Thursday announced new guidelines to clearly mark political ads on its platform as Facebook said it began implementing a policy requiring labeling and verification of identities of those paying for political messages.

11 hours ago

US: Trump's North Korea move sees Wall Street slide

[NEW YORK] A volatile day on Wall Street saw US stocks swing to a negative finish after US President Donald Trump canceled a planned June summit with North Korean leader Kim Jong Un.

11 hours ago

Jury orders Samsung to pay Apple US$533m in iPhone case

[SAN JOSÉ, United States] A federal court jury on Thursday ordered Samsung to pay Apple US$533 million for copying iPhone design features in a patent case dating back seven years.

11 hours ago

US jury awards Apple US$539 million in Samsung patent retrial: CNET

Andrea Soh - REUTERS: After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay US$539 million Apple Inc for copying patented smartphone features, technology publication CNET reported, bringing a years-long feud between the technology companies into its final ...

11 hours ago

Europe: Shares led lower by autos stocks, Deutsche Bank

[LONDON] European stocks fell on Thursday as carmaker shares came under pressure after the United States launched an investigation into auto imports, while Deutsche Bank dropped after announcing thousands of job cuts.

11 hours ago

Exclusive: US bill would force tech companies to disclose foreign software probes

Andrea Soh - U.S. tech companies would be forced to disclose if they allowed American adversaries, like Russia and China, to examine the inner workings of software sold to the U.S. military under proposed legislation, Senate staff told Reuters on Thursday.

11 hours ago

QT Vascular sells IP rights for its coronary products to US firm

Ann Williams - MEDTECH firm QT Vascular on Thursday said it has entered into an asset purchase-and-option agreement with Teleflex Life Sciences Unlimited Company and New York-listed Teleflex Incorporated to sell the firm's intellectual property rights to its non-drug coated coronary products, including Choco ...

11 hours ago

China fines Muji for packaging that lists Taiwan as a country

JAPANESE retailer Muji has been fined 200,000 yuan (S$42,000) in Shanghai for using packaging that lists Taiwan as a country, underscoring China's growing sensitivity to how companies refer to the self-ruled island.