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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7 hours ago
SCDF ragging death: Officer says he was told to push NSF into pump well, feels betrayed
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8 hours ago
Singaporeans are living longer but some will face cash crunch as they battle multiple illnesses: Study
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8 hours ago
Coca-Cola raises 2019 forecast on coffee, zero sugar soda boost
Annabeth Leow - Coca-Cola Co on Tuesday broadly met second-quarter revenue expectations after eight consecutive beats and raised its revenue forecast for the full year on the strength of demand for its sparkling soft drinks and coffees.
8 hours ago
Harley-Davidson cuts 2019 shipments guidance after sales slump
Annabeth Leow - Harley-Davidson Inc reported a 19.3per cent fall in quarterly profits on Tuesday, hurt by higher-tariff costs as well as a continued slide in sales in the United States.
8 hours ago
Huawei first-half revenue up about 30% despite US ban: Bloomberg
Annabeth Leow - Huawei Technologies Co Ltd's revenue grew roughly 30per cent in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, Bloomberg reported on Tuesday, citing people familiar with the matter.
8 hours ago
Temasek said to hire General Atlantic exec for Southeast Asia role
Anshuman Daga - Wai Hoong Fock, who was at General Atlantic for four years, will join Temasek in August. The post Temasek said to hire General Atlantic exec for Southeast Asia role appeared first on DealStreetAsia.
8 hours ago
Futures rise after better-than-expected earnings
Annabeth Leow - U.S. stock index futures inched higher on Tuesday lifted by a batch of largely upbeat earnings reports from companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth.
8 hours ago
Huawei first-half revenue up about 30per cent despite US ban: Bloomberg
Annabeth Leow - Huawei Technologies Co Ltd's revenue grew roughly 30per cent in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, Bloomberg reported on Tuesday, citing people familiar with the matter.
8 hours ago
Harley-Davidson reports lower quarterly profit as tariffs bite
Annabeth Leow - Harley-Davidson Inc reported a 19.3per cent fall in quarterly profits on Tuesday, hurt by higher-tariff costs as well as a continued slide in sales in the United States.
8 hours ago
Frasers Centrepoint Trust 3Q19 DPU falls 1.7% to 3 cents
Uma Devi - SINGAPORE (July 23): The manager of Frasers Centrepoint Trust (FCT) has declared a distribution per unit (DPU) of 3.00 cents for 3Q ended June 30, down 1.7% from the same period last year. Income available for distribution rose 12.4% to $31.8 million but DPU fell due mainly to an enlarged unit base ...
8 hours ago
Coca-Cola meets second-quarter revenue expectations, ups 2019 forecast
Annabeth Leow - Coca-Cola Co on Tuesday broadly met second-quarter revenue expectations after eight consecutive beats and raised its revenue forecast for the full year on the strength of demand for its sparkling soft drinks and coffees.
9 hours ago
Biogen profit rises 72per cent on multiple sclerosis therapy sales
Annabeth Leow - Biogen Inc posted a 72per cent rise in quarterly profit and lifted its 2019 earnings forecast on Tuesday, boosted by higher sales of its top-selling multiple sclerosis therapy Tecfidera.
9 hours ago
AA Group dragged into debacle involving Epicentre chairman
Michelle Quah - AA Group Holdings has found itself embroiled in the debacle that has enveloped Epicentre Holdings.
9 hours ago
BlackRock becomes substantial shareholder of Venture Corp
Leila Lai - ASSET manager BlackRock Inc is now deemed a substantial shareholder of Venture Corporation, after related entity the PNC Financial Services Group became a substantial shareholder through a share purchase on July 19.
9 hours ago
China's tech future: Pirate or innovator?
Alistair Way, Alessandro Rovelli & Xiaoyu Liu - SINGAPORE (July 22): Microchips, smartphone-testing robotic arms, wind turbines, solar cells, experimental glass made from crushed diamonds, Star Wars toys, chemical formulae for food colouring, data storage systems, firewall software — these are just some of the things Chinese companies have bee ...
9 hours ago
British pound dips as traders predict Boris Johnson victory
LONDON: The pound dipped toward recent lows on Tuesday (Jun 23), with arch-Brexiteer Boris Johnson set to win the race to become Britain's next prime minister. Johnson, who has vowed to take Britain out of the European Union by the Oct 31 deadline, with or without a deal, is widely forecast to ...
9 hours ago
Attilan says not able to provide reasonable exit offer for delisting
Leila Lai - ATTILAN Group is unable to provide a reasonable exit offer to shareholders to proceed with delisting, the mainboard-listed investment firm said in a filing to the Singapore Exchange (SGX) on Tuesday.
9 hours ago
TODAY's evening briefing for Tuesday, July 23
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9 hours ago
Singapore shares close up 0.5% on Tuesday
Lynette Tan - SINGAPORE stocks closed higher on Tuesday, bouncing back from the previous day's decline amid official data showing inflation rates eased in June.
10 hours ago
US sanctions on Chinese oil trader 'illegal': Beijing
Lynette Tan - BEIJING: China on Tuesday (Jul 23) called US sanctions against Chinese companies "illegal", a day after US Secretary of State Mike Pompeo announced he was putting a leading oil importer on a blacklist. Pompeo said Monday that the US was imposing sanctions on Zhuhai Zhenrong and its chief executive . ...
10 hours ago
SCI unit divests stake in Chinese wastewater treatment plant operator
Leila Lai - SEMBCORP Industries' (SCI) wholly-owned subsidiary, Sembcorp (China) Holding Co, has signed a conditional agreement to divest its 80 per cent stake in Sembcorp Lianyungang Water Co (SLWC) to its local partner for 120 million yuan (S$23.7 million).
10 hours ago
AMS re-opens door on Osram bid as recovery continues
Lynette Tan - Apple supplier AMS kept alive the prospect of a counterbid for German lighting group Osram on Tuesday, as the Austrian company predicted demand for its optical sensors would continue to recover in the third quarter.
10 hours ago
Asian markets rise as earnings, trade hopes provide cheer
Lynette Tan - Asian markets rose Tuesday, tracking gains on Wall Street with confidence given a boost by a positive earnings season and speculation top US and Chinese negotiators will hold face-to-face trade talks soon.
10 hours ago
LG Display aims to diversify suppliers due to South Korea-Japan spat
Lynette Tan - SEOUL: LG Display Co Ltd on Tuesday said it is looking to diversify its supplier base in case a diplomatic spat sees Japan extend export curbs on display-making materials bound for South Korea. Japan this month placed restrictions on the export to South Korea of three high-tech materials used ...
10 hours ago
Carmakers drive Europe higher, Johnson batters sterling
Lynette Tan - A wave of central bank easing and positive soundings from the earnings season buoyed world stocks on Tuesday, while Britain's pound fell before the expected confirmation of hard-Brexit advocate Boris Johnson as the country's prime minister.
10 hours ago
South Korean firm to boost output of chipmaking chemical amid Japan curbs: Report
A South Korean maker of a chemical that is used for producing semiconductors will increase output soon with a new plant coming on stream, helping domestic chipmakers offset export curbs imposed by Japan, a local media report said on Tuesday.
10 hours ago
China's BAIC buys 5per cent Daimler stake to cement alliance
Leila Lai - China's Beijing Automotive Group Co Ltd (BAIC) has bought a 5per cent stake in Daimler, cementing their long-standing alliance after China's Geely emerged as a potential rival by also taking a stake in the German automaker.
10 hours ago
People Digest: Capital Group, Carousell make top hires
Quynh Nguyen - Singapore-based e-commerce company Carousell has appointed JJ Eastwood as MD for advertising. The post People Digest: Capital Group, Carousell make top hires appeared first on DealStreetAsia.
10 hours ago
Inflation down to 1.2% in June
Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No The fall was partially because of a steeper decline in electricity and gas prices. Singapore’s core inflation, excluding the costs of accommodation and private road transport, edged down to 1.2% in June from 1.3% in May, according to d ...
10 hours ago
Gardens by the Bay murderer returns to court to face cheating, other charges
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10 hours ago
US fake meat firm mounts challenge to legal restrictions
Leila Lai - A US firm that sells turkey-flavored tofu has taken legal action against a law that prohibits use of the word "meat" to describe its products, amid a political backlash to the growing popularity of meat substitutes.
10 hours ago
South Korean firm to boost output of chipmaking chemical amid Japan curbs - report
Leila Lai - SEOUL: A South Korean maker of a chemical that is used for producing semiconductors will increase output soon with a new plant coming on stream, helping domestic chipmakers offset export curbs imposed by Japan, a local media report said on Tuesday. The hydrogen fluoride factory operated by ...
10 hours ago
Efforts to woo Medtech talent successful but still insufficient: Ranstad
Uma Devi - SINGAPORE (July 23): The Singapore government has earmarked the medical technology sector as one of the key growth drivers the economy. To date, Singapore’s medtech has generated some 9,000 new jobs across more than 30 companies, and has contributed approximately $4.3 billion to the economy. But ...
11 hours ago
Singdollar forecasted to average S$1.365 against USD in 2019: Fitch
Vivienne Tay - FITCH Solutions Macro Research on Tuesday said it has revised its average forecast for the Singapore dollar this year to S$1.365 per US dollar from S$1.35, and S$1.35 per US dollar in 2020.
11 hours ago
Top investors lose US$1 billion as China's Nasdaq-style board reverses on day two
Leila Lai - The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined US$1 billion in the second day of trade on Tuesday, a day after the board's roaring debut created three new billionaires.
11 hours ago
Prevention more critical as Singaporeans live longer with chronic diseases: Prudential
Amala Balakrishner - SINGAPORE (July 23): Eight in 10 medical practitioners say Singapore’s healthcare system should focus more on disease prevention as Singaporeans live longer and are predisposed to chronic diseases at an earlier age. In addition, nearly half or 49% of the 200 practitioners surveyed noted that Sing ...






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