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

Singapore Stock Market News Singapore Business News Singapore Market Updates



1 day ago
Why the world needs some disobedience
Roger Cohen - DOG lovers tend to find each other in life, for the rest of humanity is, after all, suspect. On a long flight recently, I fell into a conversation with a woman about dogs. It turned into a conversation about disobedience, and the world's current need for it.
1 day ago
'Congratulations': EU launches next phase of Brexit
THE European Union (EU) agreed on Friday to move talks forward with London on Britain's exit from the bloc as leaders warmed to the British premier, but there was little clarity on trade, as well as on some issues already discussed.
1 day ago
Japan expands sanctions aimed at N Korea
JAPAN said Friday it had added 19 more entities to its list of organisations and individuals targeted by asset-freeze sanctions on North Korea.
1 day ago
Brokers' take
FRASERS Commercial Trust (FCOT) announced that it has entered into a 50:50 JV with its sponsor, Frasers Centrepoint Limited, to acquire Farnborough Business Park (FBP), which comprises 14 commercial buildings in the UK.
1 day ago
TMC Education surges after Fragrance CEO launches takeover bid
Stephanie Luo - SHARES of TMC Education Corporation Ltd surged as much as 120 per cent on Friday on news of a takeover bid by the chief executive of real estate developer Fragrance Group.
1 day ago
Hedge funds can't keep up with China's surging stock market
IT WAS a good year for hedge funds betting on rising and falling stocks in Greater China. Just not good enough to beat a spectacular market rally.
1 day ago
HK moves towards dual-class shares to attract tech giants
HONG Kong's stock exchange has proposed letting "innovative" companies list in the Chinese enclave with dual-class share structures to avoid losing out on more initial public offerings by technology giants like Alibaba Group Holding Ltd.
1 day ago
S'pore shares finish the week lower as uncertainty looms
Claire Huang - ONCE again, US President Donald Trump's ability to push through the tax cut reform has been called into question, overshadowing the month-on-month rise in US retail sales in November and moderate Chinese data.
1 day ago
StarHub to fork out S$122m for Singapore cryptography, digital security firm
Annabeth Leow - STARHUB has inked a deal to buy a home-grown cryptography and digital security company for up to S$122 million, the telco said on Friday in an announcement filed on the Singapore Exchange website.
1 day ago
Swee Heng Bakery triples capacity with new factory
Vivien Shiao - HERITAGE brand Swee Heng Bakery officially opened its 6,000 square metre state-of-the-art factory at Senoko Avenue on Friday, which houses a central kitchen as well as a research and development (R&D) division.
1 day ago
9 in 10 Singapore SMEs successful in securing debt financing: survey
Anita Gabriel - ABOUT 13 per cent of Singapore's small and medium enterprises (SMEs) sought external financing in the past year and a bulk or 90 per cent of them were successful in their applications for debt financing, according to a latest survey by Spring Singapore.
1 day ago
Airbus puts helicopters chief in line for top job in shake-up
AIRBUS SE put the head of its helicopters unit in line to replace chief executive officer Tom Enders after a wide-ranging management shake-up, as the European planemaker seeks to move past corruption allegations and inject fresh blood into its leadership ranks.
1 day ago
The Rise Of Responsible Consumerism
"LIFE is not complete without shopping!" Singapore's then-prime minister, Goh Chok Tong, quipped at his 1996 National Day Rally Speech, two years after the launch of the Great Singapore Sale (GSS) event.
1 day ago
SIA, SilkAir to increase fare categories, tweak seat booking, mileage accrual and baggage allowances from Jan 20
Nisha Ramchandani - SINGAPORE Airlines (SIA) and regional wing SilkAir are rolling out a new airfare pricing structure from Jan 20 next year, as the airline group seeks to capture more traffic and maximise revenues amid intensifying competition.
1 day ago
Interra Resources to raise US$3.47m from private placement
Jacqueline Woo - A BUSINESS partner of Interra Resources is buying a 13.6 per cent stake in the petroleum oil and gas production company for US$3.47 million.
1 day ago
UEL's cash offer for WBL a 'cautious, risk-management approach'
Marissa Lee - BY using United Engineers (UE) to make a cash offer for WBL, the Yanlord Perennial consortium which took control of UE and bought a small stake in WBL in July appears to be taking a more cautious approach to its recent investment.
1 day ago
Noble expects creditors' proposal soon: chairman
Andrea Soh - NOBLE Group is expecting to receive a proposal from its creditors in the near future, said its chairman Paul Brough on Friday.
1 day ago
Corporate digest
LHN could raise up to HK$99.1 million (S$17.1 million) through an offering of shares in Hong Kong, the property management and logistics services company said on Friday before the market opened.
1 day ago
Ryanair pilots suspend strike as airline offers union recognition
SEAN HENDERSON - Ryanair pilots in Italy suspended unique strike action due on Friday (Dec 15) after the no-frills Irish airline offered to recognise unions for the first time.
1 day ago
France, Germany to unveil eurozone reforms in March
SEAN HENDERSON - Germany and France will offer their joint vision for reforming the eurozone by March, German Chancellor Angela Merkel said on Friday (Dec 15), in an effort to bridge divisions over the future of the single currency.
1 day ago
Flights between Russia and Egypt to resume in February: Moscow
SEAN HENDERSON - Flights between Russia and Egypt will resume in February, the Russian transport ministry announced on Friday (Dec 15), after they were suspended in 2015 following an airliner bombing claimed by the Islamic State group.
1 day ago
Wall Street up as gains in consumer staples power recovery
SEAN HENDERSON - NEW YORK: Wall Street indexes rose on Friday (Dec 15) with gains in consumer stocks such as Costco Wholesale helping a broad recovery. Costco rose 4 per cent after the retailer reported upbeat results and pushed up the S&P Consumer Staples index by 0.9 per cent. The index was the biggest gainer ...
1 day ago
Amazon to settle Italy tax row with US$118m: Officials
SEAN HENDERSON - MILAN: Amazon has agreed to pay the Italian taxman €100 million (US$118 million) to settle a dispute over suspected tax fraud, the Italian revenue service said Friday (Dec 15). Italian authorities have been investigating Amazon for tax evasion in the period between 2011 and 2015, but the deal ...
1 day ago
Writs of summons against Keppel's unit dismissed
Stephanie Luo - KEPPEL Corporation Limited is allowed to proceed with a planned 2.9 billion yuan (S$0.6 billion) disposal of its stake in a China marina project, after a minority shareholder in the project attempted to block the sale through legal proceedings in Singapore.
1 day ago
UK sees £3.8b a year of opportunities in steel sector by 2030
[LONDON] Britain will have £3.8 billion(S$6.87 billion) a year of business opportunities for steelmakers by 2030, according to an independent study commissioned by the government.
1 day ago
EMS Energy narrows loss in Q2
Stephanie Luo - EMS Energy posted a net loss of S$2 million for the second quarter, due in part to higher gross profit that helped to lift it from a net loss of S$5.6 million a year ago.
1 day ago
Hong Kong venture said to buy into London Gotham City Tower
[LONDON] A group of four Hong Kong property companies including C C Land Holdings has agreed to buy a majority stake in a skyscraper planned for the City of London financial district, two people with knowledge of the plan said.
1 day ago
H&M to close more stores as customers go online
SEAN HENDERSON - STOCKHOLM: Swedish clothing giant Hennes & Mauritz on Friday (Dec 15) said sales fell below expectations in the fourth quarter and it would close more stores as customers increasingly prefer to shop online. H&M CEO Karl-Johan Persson said in a statement that the company's "online sales and sales .. ...
1 day ago
Brazil's Petrobras to announce revised capex plan next week: CEO
[SAO PAULO] Brazil's state-run oil company Petróleo Brasileiro SA will announce a revision to its investment plan next week, chief executive officer Pedro Parente said on Friday.
1 day ago
Datapulse not seeking shareholders' approval for proposed acquisition
Stephanie Luo - DATAPULSE Technology Limited on Friday clarified that it will not need to get the nod from shareholders for a proposed acquisition, but will be seeking shareholders' approval for the proposed diversification of the company's core businesses, including the manufacturing of haircare product ...
1 day ago
EU launches next phase of Brexit
[BRUSSELS] The European Union (EU) agreed on Friday to move talks forward with London on Britain's exit from the bloc as leaders warmed to the British premier, but there was little clarity on trade, as well as on some issues already discussed.
1 day ago
KOP Limited sells wholly owned unit to Cityneon Holdings
Stephanie Luo - KOP Limited is disposing of its wholly owned subsidiary, Scorpio East (SE) Properties Pte Ltd, to Cityneon Holdings Limited for about S$2.9 million.
1 day ago
Sapphire makes changes to board ahead of proposed acquisition
Stephanie Luo - SAPPHIRE Corporation Limited's group chief executive officer and managing director Teh Wing Kwan has been redesignated as non-independent non-executive director, as part of changes to its board of directors.
1 day ago
Singapore Airlines fare type changes unlikely to push passengers away: Experts
SEAN HENDERSON - Some social media commentators called the move more worthy of budget airlines, but aviation analysts argued that the carrier continues to retain its high-end allure.
2 days ago
EU set to focus on banking union, bailout fund in eurozone overhaul
[BRUSSELS] European Union leaders will focus on trying to complete a banking union and expanding the job of the eurozone bailout fund when they discuss priorities for eurozone integration on Friday, putting off contentious issues such as a budget for the currency area.
2 days ago
Majority shareholder seeks to prosecute action against ETC's non-executive chairman
Stephanie Luo - A MAJORITY shareholder of Catalist-listed Emerging Towns & Cities Singapore Ltd (ETC) is requesting the company to prosecute an action against its non-executive group chairman.