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

Big banks score win as US regulator proposes easing post-crisis derivatives rules

A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration.

6 hours ago

Singapore shares edge higher on Wednesday ahead of Fed; STI up 0.14% to 3,187.46

Ng Ren Jye - SINGAPORE shares edged higher on Wednesday after late gains in the US market last night and as investors awaited a Federal Reserve rate decision. The Straits Times Index gained 4.46 points or 0.14 per cent to 3,187.46 as at 9.03am.

6 hours ago

Oil plummets 6% as Saudi minister says supplies fully restored

Claudia Chong - NEW YORK: Oil prices tumbled about 6 per cent on Tuesday (Sep 17) after Saudi Arabia's energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5 per cent of global oil output. Saturday's attacks raised the specter of a ...

6 hours ago

Woman died in hospital from multi-organ failure after knee replacement surgery

maelynn -

6 hours ago

Stocks to watch: Mapletree Logistics Trust, Mapletree Industrial Trust, Keppel DC Reit, Accrelist

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

6 hours ago

Wilton Resources to raise S$3.3m via share placements

Vivienne Tay - CATALIST-LISTED Wilton Resources Corporation is proposing to raise S$3.3 million through the placement of 125 million new shares at S$0.0261 apiece, the gold miner said on Wednesday.

6 hours ago

Broadway Industrial names COO for diversification projects

Fiona Lam - MAINBOARD-LISTED precision manufacturer Broadway Industrial Group on Wednesday appointed S Purushothuman K Swaminathan (Kesavan), 53, as chief operating officer (projects).

7 hours ago

Commentary: The iPhone 11 and Apple’s most ambitious play ever

Actually, Apple’s launch last week showcased a brilliant new strategy, say the Singapore University of Social Sciences’ Dr Lau Kong Cheen and Dr Jimmy Wong.

7 hours ago

Trump says China trade deal could come before US election, or not

U.S. President Donald Trump said on Tuesday his administration could seal a deal on trade with China before the U.S. presidential election, or an agreement could be reached the day after U.S. voters go to the polls.

7 hours ago

Top US antitrust regulators admit to infighting on big tech probe

The Justice Department's antitrust division chief, Makan Delrahim, said Tuesday that its probes of big technology companies like Alphabet's Google were a "priority" that could result in either "law enforcement or policy options as solutions."

7 hours ago

Accrelist to buy Wheelock medical aesthetics clinic for S$17m

Fiona Lam - CATALIST-LISTED corporate accretion services provider Accrelist is looking to buy The Wellness Clinic at Wheelock Place for an indicative consideration of S$17 million.

7 hours ago

Mapletree Industrial Trust raises S$400m through oversubscribed private placement

Ng Ren Jye - MAPLETREE Industrial Trust (MIT) has raised S$400 million through an oversubscribed private placement of 176.6 million new units at an issue price of S$2.265 per unit, the top end of the issue price range of S$2.211 to S$2.265.

7 hours ago

Mapletree Industrial Trust raises $400 mil in private placement to help fund new acquisition

Stanislaus Jude Chan - SINGAPORE (Sept 18): Mapletree Industrial Trust (MIT) has closed an upsized private placement of a total of 176.6 million new units at $2.265 each – the top of the issue price range – to raise gross proceeds of nearly $400 million. The private placement was approximately 6.3 times covered, afte ...

7 hours ago

Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive

Fiona Lam - Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp's best bet for wider acceptance of hydrogen power - technology so far eclipsed by electric vehicles.

8 hours ago

Accrelist to acquire The Wellness Clinic for $17 mil as part of outreach to affluent clientele

Uma Devi - SINGAPORE (Sept 17): Accrelist, the provider of corporate accretion services, is set to acquire a 100% stake in The Wellness Clinic for a consideration of $16.96 million from current owner Verita Healthcare Group. In a regulatory filing on Tuesday, Accrelist says the amount will be satisfied partia ...

8 hours ago

London police and Facebook move to stop live streaming of terror attacks

Fiona Lam - LONDON: London police and Facebook said on Tuesday (Sep 17) they plan to share resources to stop the live streaming of terrorist attacks like that in Christchurch, New Zealand, earlier this year. The Metropolitan Police will share video of its firearms officers training with Facebook to help the ...

9 hours ago

Daily Briefing: Grab doubles down on food services for growth; Garlick Avenue bungalow for sale at $16.5m

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No And 330 childcare clinics across Singapore will raise fees in 2020. From CNBC: Ride-hailing company Grab is betting on its growing food delivery business to drive growth and profitability in the long term, a senior executive at the company tol ...

9 hours ago

Chart of the Day: Areas for flexible workspaces to grow 24% in 2019

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No Demand will be driven by multinationals and not just startups. This chart from Colliers International projects that the net lettable area (NLA) growth of flexible workspaces will hit 24% in 2019, driven by new demand from multinational corpora ...

9 hours ago

Daily Markets Briefing: STI down 0.65%

Staff Reporter - Submitted By:  Clarist Zablan Case Study:  No SingTel saw the sharpest decline amongst top active stocks with a 0.94% fall. The Straits Times Index ended -20.93 or 0.65% lower at 3,183.00. The top active stocks were DBS, which dropped 0.67%, SingTel, which fell 0.94%, OCBC Bank, which dec ...

9 hours ago

New York Fed steps into market to move interest rates

Fiona Lam - NEW YORK: For the first time in more than a decade, the New York Federal Reserve Bank announced on Tuesday (Sep 17) it was pumping billions of dollars into financial markets to keep short-term interest rates in line with the Federal Reserve's target range. The operations - one early on Tuesday and ...

9 hours ago

Securities watchdog looking into billionaire couple's purchase of Chip Eng Seng shares

Marissa Lee - THE Securities Industries Council (SIC), which administers Singapore's takeover code, is looking into the circumstances that saw billionaire couple Celine and Gordon Tang emerge as substantial shareholders of Chip Eng Seng in October last year.

9 hours ago

'Future of semi-conductor industry bright' even when chips are down

Annabeth Leow - EUROPEAN chipmaker STMicroelectronics, which makes nearly half of its products here, doubled its capacity for a key semiconductor product with an expanded wafer fab facility in Ang Mo Kio that opened on Tuesday.

9 hours ago

Adding a spark to forex trading

Renald Yeo - FROM a little spark may burst a flame, as the saying goes. For Spark Systems, that is exactly the point.

9 hours ago

Tiong Seng CEO, project director in CPIB probe

Vivienne Tay - MAINBOARD-LISTED Tiong Seng Holdings said on Tuesday that its chief executive and executive director Pek Lian Guan and project director Pay Teow Heng are out on bail amid a corruption probe.

9 hours ago

MIT, Keppel DC Reit to issue shares to fund their respective data centre buys

Ng Ren Jye - MAPLETREE Industrial Trust (MIT) is looking to raise at least S$350 million through a private placement to partially fund its joint purchase of a North American data centre portfolio worth US$1.37 billion, of which its share of the bill is about S$965 million.

9 hours ago

TSMP Law expands on several fronts

Claudia Chong - SINGAPORE law firm TSMP Law is strengthening its capabilities on several fronts by hiring a second senior counsel, expanding its regulatory offering and establishing a new compliance consulting firm.

9 hours ago

Co-regulation: Future of governance in charities

Ang Hak Seng - CHARITIES play a critical role in society - meeting the needs of communities, impacting the lives of Singaporeans, and ensuring that no one gets left behind. And in order to get better at doing good, charities must be forward-looking, have the willingness and risk appetite to adapt and grow with th ...

9 hours ago

Oil supply uncertainties drive STI down

Leila Lai - ASIAN markets closed mixed on Tuesday, as investors awaited clarity on whether the weekend attack on Saudi oil facilities will significantly disrupt global oil supplies.

9 hours ago

HK turmoil: SGX-listed hospitality, retail, F&B firms to feel bigger impact

Sharon See - A NUMBER of Singapore-listed companies may start to see the impact of Hong Kong protests showing up in their bottomlines in their next quarterly earnings release, with those in the hospitality, retail and F&B sectors to suffer a bigger hit, say analysts.

9 hours ago

Co-working spaces among top six occupier sectors at 3.7m sq ft

Vivienne Tay - CO-WORKING spaces now take up 3.7 million square feet (sq ft) in net lettable area (NLA) of Singapore's commercial space, tripling from 1.2 million sq ft in 2015 to become one of the top six occupier sectors, said Colliers International.

9 hours ago

Getting to grips with Singapore's tax profile

Chung-Sim Siew Moon - SINGAPORE is among the Asia-Pacific jurisdictions that saw an increase in tax revenues in 2017, says the OECD. As tax increasingly becomes a key factor to consider for business investments, companies must understand the tax systems in the jurisdictions that they have an interest in.

9 hours ago

NODX down 8.9% in Aug, boosted by gold exports

Janice Heng - SINGAPORE'S non-oil domestic exports (NODX) fell 8.9 per cent year on year in August, performing better than economists' expectations of a 10.6 per cent fall and breaking a five-month streak of double-digit declines, according to Enterprise Singapore figures on Tuesday.

9 hours ago

Bootstrapped but profitable now, SGeBiz finally ready for VC-funded growth

Olivia Poh - FOR three years, Singapore E-Business (SGeBiz) founders Edmund Nathan and Ernie Heng did not draw a salary. They struggled to provide for their families, and in the darkest of days the company had just S$5 in the bank.

9 hours ago

More PE investors in Asia sourcing their own deals

Sharanya Pillai - MORE private equity investors in Asia are sourcing their own deals and making direct investments, venturing into territory traditionally dominated by the General Partners (GPs) of funds, said panellists at the DealStreetAsia PE-VC Summit on Tuesday.

10 hours ago

Wall Street edges higher as markets await Fed decision

Jamie Lee - NEW YORK: Wall Street popped into positive territory late on Tuesday (Sep 17) after a largely flat trading day, with markets awaiting an interest rate decision from the Federal Reserve. Equities also recovered somewhat from the damage done a day before, when weekend attacks on Saudi oil facilities ...

10 hours ago

France's Macron bets on private-sector funding to fuel startup push

Jamie Lee - France aims to raise 5 billion euros (US$5.53 billion) in funds from private-sector investors to give French startup companies a leg up and help the most promising ones grow further, President Emmanuel Macron said on Tuesday.