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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9 hours ago
BlackRock CEO Larry Fink says global growth accelerating
BlackRock Inc Chief Executive Officer Larry Fink said global growth was accelerating and that corporate earnings were keeping pace with higher stock prices.
9 hours ago
Rio Casa sold for S$575m in en bloc deal
SINGAPORE: Former HUDC estate Rio Casa has been sold for S$575 million to a joint venture company Oxley-Lian Beng Venture, announced marketing agent Knight Frank on Thursday (May 25).  To develop the site, the buyers intend to apply to top up the lease to a fresh 99 years, at an additional ...
9 hours ago
Trump meets Macron, says whole world talking about win
[BRUSSELS] US President Donald Trump on Thursday held his first formal meeting with newly-elected French counterpart Emmanuel Macron, hailing his outsider campaign as a model of its kind.
9 hours ago
Jobless claims up slightly; four-week average at 44-year low
Today - WASHINGTON, May 25 - The number of Americans filing for unemployment benefits rose less than expected last week and the four-week moving average of claims fell to a 44-year low, suggesting further tightening in the labor market. ...
10 hours ago
Extending OPEC-led oil output cuts by 9 months the best option: Iraq oil minister
Today - VIENNA - Iraqi Oil Minister Jabar Ali al-Luaibi said on Thursday that extending the current level of OPEC-led supply cuts by nine months was the best option to restore balance to the crude market. The minister added that a proposal for a...
10 hours ago
Best Buy beats on profit, comparable sales; shares jump
Best Buy Co Inc , the No. 1 U.S. electronics retailer, reported on Thursday an unexpected rise in quarterly comparable sales, helped by demand for gaming and mobile products.
10 hours ago
Abercrombie posts smaller-than-expected drop in same-store sales
Today - U.S. teen apparel retailer Abercrombie & Fitch Co , which has put itself up for sale, posted smaller-than-expected drop in comparable-store sales, helped by strong demand for its California beach-themed surfwear brand Hollister. ...
10 hours ago
New certification, initiatives announced to boost HR profession
SINGAPORE: A national certification for human resources (HR) professionals and other initiatives were announced on Thursday (May 25) by the Ministry of Manpower (MOM) and Workforce Singapore (WSG). In a joint media release, they said the aim is to support the HR profession in developing and ...
10 hours ago
Global regulators expect deal soon on finalising capital rules
[LONDON] Global regulators will soon finalise a suite of rules to ensure banks hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday.
10 hours ago
Football: United, City pledge £1m to Manchester attack fund
[MANCHESTER] Manchester United and Manchester City on Thursday pledged £1 million (S$1.801 million) to an emergency fund set up after the terror attack in the city that left 22 people dead.
10 hours ago
Aberdeen does not expect harsh deal for UK funds after Brexit
[LONDON] The European Union is unlikely to discriminate against asset managers in London who want to run funds inside the bloc after Brexit, the chief executive of Aberdeen Asset Management, Martin Gilbert, said on Thursday.
10 hours ago
Best Buy quarterly comparable sales rise unexpectedly
Today - CHICAGO - Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported on Thursday an unexpected rise in quarterly comparable sales, helped by demand for gaming and mobile products. Richfield, Minnesota-based Best Buy said sales at stores...
10 hours ago
Rickmers gets US$24.7m from completed sale of five vessels to Navios
Tan Hwee Hwee - THE trustee-manager of Rickmers Maritime said on Thursday evening it has received US$24.7 million proceeds on completing the sale of five vessels under a master agreement signed with Navios Partners Containers Inc and Navios Partners Containers Finance Inc.
10 hours ago
Ford to name new head for Europe, Asia: FT
Today - Ford Motor Co , which earlier this week named turnaround expert James Hackett as its chief executive officer, will announce replacements for some of its key executive positions as early as Thursday, the Financial Times reported, citing sources. ...
10 hours ago
Oxley-led consortium secures Rio Casa for S$575m in en bloc deal
Lynette Khoo - A CONSORTIUM comprising Oxley Holdings, KSH Holdings, Lian Beng Group and the private investment firm of Super Group's Teo family has secured a residential property in Hougang for S$575 million.
10 hours ago
Accordia Golf Trust's DPU falls to 1.48 cents in Q4
Andrea Soh - ACCORDIA Golf Trust's distribution per unit (DPU) fell to 1.48 Singapore cents in the fourth quarter, from 1.96 Singapore cents in the same period a year ago,
11 hours ago
DISA will no longer consolidate shares; cites recent price gains
Kenneth Lim - DISA'S directors no longer wish to proceed with a planned 50-into-one share consolidation, citing the increase in the company's share price over the past several months.
11 hours ago
Some Uber and Lyft riders are giving up their own cars: Reuters/Ipsos
Wally Nowinski got his first car when he turned 16 in Michigan, the home of the U.S. auto industry. But after two years of living in New York City, he sold his wheels, using ride services, carsharing and bike sharing to get around.
11 hours ago
Accordia Golf Trust full-year DPU falls 14% to 4.71 yen
Jude Chan - SINGAPORE (May 25): The trustee-manager of Accordia Golf Trust posted a distribution per unit (DPU) of 4.71 yen (6.04 cents) for the full year ended March, 14% lower than the DPU of 5.50 yen a year ago. Distributable income fell to 5.2 billion yen, from 6.0 billion yen a year ago. The trustee-manage ...
11 hours ago
Some Uber and Lyft riders are giving up their own cars: Reuters/Ipsos poll
Today - SAN FRANCISCO - Wally Nowinski got his first car when he turned 16 in Michigan, the home of the U.S. auto industry. But after two years of living in New York City, he sold his wheels, using ride services, carsharing and bike sharing to get around. ...
11 hours ago
BBR unit snags Goh & Goh Building for S$101.5m in collective sale
Lynette Khoo - IN what is this year's first collective sale involving a mixed-use property and the second collective sale, a unit of BBR Holdings (S) is acquiring Goh & Goh Building for S$101.5 million.
11 hours ago
Oxley-led consortium wins Rio Casa tender at $575 mil
PC Lee - SINGAPORE (May 25): A consortium led by Oxley Holdings has won the tender for the collective purchase of the property known as Rio Casa for $575 million. Located at Hougang Avenue 7, the tender was submitted by Oxley-Lian Beng Venture and  has been duly accepted by the owners of the property on Wed ...
11 hours ago
Asian markets gain after Fed minutes, OPEC meeting in focus
HONG KONG: Asian markets rose on Thursday (May 25) as traders welcomed indications from the Federal Reserve that interest rates could rise next month, while oil prices rallied ahead of an expected extension to output cuts. Minutes from the Fed's May policy meeting showed board members thought that . ...
11 hours ago
Singapore: mm2 Asia eyes acquisition; Wing Tai in takeover bid; Imperium Crown raises funds
Shiwen Yap - mm2 Asia is looking at buying a stake in the Golden Village cinema business. The post Singapore: mm2 Asia eyes acquisition; Wing Tai in takeover bid; Imperium Crown raises funds appeared first on DealStreetAsia.
11 hours ago
The Hour Glass's full-year profit falls 7% to S$48.7m
Nisha Ramchandani - LUXURY watch retailer The Hour Glass on Thursday reported a 7 per cent drop in its net profit to S$48.7 million for the full year ended March 31.
11 hours ago
BBR Holdings to purchase Bukit Timah property for $101.5 mil
Michelle Zhu - SINGAPORE (May 25): Construction and engineering group BBR Holdings has announced that its 62%-owned subsidiary, Alika Properties, today exercised its option to purchase a four-storey mixed-use development known as the Goh & Goh Building for a cash consideration of $101.5 million. The group’s ...
11 hours ago
Our deals are in places VCs don’t look: John Fearon, Sugar Ventures
Shiwen Yap - John Fearon of startup studio/venture builder Sugar Ventures discusses the startup scene, venture building versus venture capital, and the liquidity of the SGX. The post Our deals are in places VCs don’t look: John Fearon, Sugar Ventures appeared first on DealStreetAsia.
11 hours ago
Sears posts first quarterly profit in nearly two years on cost cuts
Today - Sears Holdings Corp reported its first quarterly profit in nearly two years, helped by the retailer's $1.25 billion cost-cutting plan amid doubts about its ability to continue as a going concern. The company's shares were up 6.6...
11 hours ago
Daily Debrief: What Happened Today
11 hours ago
Hour Glass posts 7% fall in FY17 earnings to $49.6 mil
PC Lee - SINGAPORE (May 25): The Hour Glass Group, the retailer of specialist luxury watches, said FY17 earnings fell 7% to $49.6 million from a year ago. Earnings per share fell to 6.91 cents from 7.42 cents. Revenue for the three months ended March dipped 2% to $696.1 million “in one of the most challeng ...
12 hours ago
Safdie Architects and Surbana Jurong partner to take on 'major' design projects
SINGAPORE: He is the man behind one of Singapore's most recognisable buildings - the Marina Bay Sands - and now, Moshe Safdie and his architectural firm will work with Singapore infrastructural consultancy firm Surbana Jurong to design and construct buildings in the Asia Pacific.  Safdie ...
12 hours ago
Singapore economy seen improving, but there are still headwinds
Niggling worries about the sustainability of the economy’s recovery remain, economists say.
12 hours ago
OPEC extends oil output cut by nine months: delegate
OPEC and non-member oil producers are gearing up to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices.
12 hours ago
ISDN Holdings enters strategic partnership with Hong Kong-listed solar manufacturer
Michelle Zhu - SINGAPORE (May 25): Integrated engineering solutions provider ISDN Holdings has entered into a strategic cooperation framework agreement with Comtec Solar Systems Group, a solar energy player listed on the Hong Kong Stock Exchange (HKSE).   ISDN is listed on both the Mainboard of the Singapore Exch ...
12 hours ago
Stamford Land back in the black in Q4 on higher property development income
Lynette Khoo - STAMFORD Land Corporation on Thursday posted a net profit of S$8.93 million for the fourth quarter ended March 31, from a net loss of S$5 million a year ago, amid an income surge from property development.
12 hours ago
Central banks launch code of conduct to promote good practice for FX markets
Siow Li Sen - CENTRAL banks on Thursday launched a single code of conduct for the world's foreign-exchange (FX) markets to encourage ethical behaviour.