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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10 hours ago

OPEC postpones technical meetings to evaluate Omicron impact: Bloomberg News

OPEC is moving two technical meetings to later this week in order to give committees more time to evaluate the impact of the new Omicron coronavirus variant, Bloomberg News reported on Sunday, citing delegates from some member countries. The Organization of Petroleum Exporting Countries (OPEC) is mo ...

10 hours ago

Vaccinated travel lanes to 3 countries deferred as precaution against Omicron Covid-19 variant

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11 hours ago

Covid-19: Singapore logs 747 new cases, first time in over 2 months that daily tally is below 1,000

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11 hours ago

Singapore defers VTL with Qatar, Saudi Arabia, UAE amid fears of Omicron variant

Sharanya Pillai - SINGAPORE will defer the launch of Vaccinated Travel Lanes (VTLs) with Qatar, Saudi Arabia and the United Arab Emirates (UAE) until further notice, the Ministry of Health announced on Sunday (Nov 28) night.

11 hours ago

Chip shortage to cost Daimler Truck billions in revenues: Automobilwoche

BERLIN: Daimler Truck Chief Martin Daum expects the global chip shortage to hit revenues by several billion euros this year and sees the problem continuing into next year, Automobilwoche reported on Sunday. The world's largest commercial vehicle maker, to be spun off from Daimler on Dec 10, ha ...

13 hours ago

Thailand lays groundwork for crypto tourism to revive industry

Bloomberg - Thailand is targeting newly-minted crypto millionaires to breathe life into its pandemic-battered tourism industry. The Tourism Authority of Thailand is working with the nation’s regulators and a local cryptocurrency exchange to pave the way for the acceptance of digital tokens for travel, accordi ...

13 hours ago

Moderna says new vaccine for omicron may be ready in early 2022

Bloomberg - Moderna Inc. Chief Medical Officer Paul Burton said he suspects the new omicron coronavirus variant may elude current vaccines, and if so, a reformulated shot could be available early in the new year. “We should know about the ability of the current vaccine to provide protection in the next couple ...

14 hours ago

PAP members call on party to embrace diversity and be open to opposing views

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15 hours ago

Cryptocurrency exchange Coinstore enters India despite pending curbs on trade

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15 hours ago

Hong Lai Huat issues warrants to Soochow CSSD Capital Markets

The Edge Singapore - Hong Lai Huat - a property company with a large development project outside of Phnom Penh - announced on Nov 24 that it will issue to Soochow CSSD Capital Markets (Asia) 80 million non-listed and transferable warrants exercisable within two years from the date of issue of the Warrants. Each warrant ...

15 hours ago

Amazon to open Abu Dhabi fulfilment centre by 2024, says government media office

DUBAI: Amazon has partnered with Abu Dhabi Investment Office (ADIO) to establish a fulfilment centre by 2024 to be built in accordance with the company's carbon-reduction strategies, the Abu Dhabi government's media office said on Sunday (Nov 28). The project will create thousands of jobs, ...

17 hours ago

Amazon asks India antitrust body to revoke Reliance-Future deal approval

NEW DELHI: Amazon has asked India's antitrust regulator to revoke its approval for Future Retail's US$3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained", violating an order suspending the deal, a letter seen by Reuters shows. The approval for the de ...

17 hours ago

Can small nuclear reactors really help the climate?

Much of the world has been turning away from nuclear power, with its ageing plants, legacy of meltdowns and radioactive waste. But some governments, big companies and billionaires including Bill Gates and Warren Buffett are convinced the technology can help save the planet.

17 hours ago

Laos hopes for economic boost from Chinese-built railway

BANGKOK: A new US$6 billion Chinese-built railway line opens in Laos on Friday (Dec 3), bringing hopes of an economic boost to the reclusive nation, but experts are questioning the benefits of a project that has seen thousands of farmers evicted from their land. The 414km route took five years to

18 hours ago

JBE's The Commodore sells over 70% of units on launch weekend

Sharanya Pillai - THE Commodore, a condominium development in Canberra, Sembawang, has sold 162 - or over 70 per cent - of its 219 units, as at 6 pm on Saturday (Nov 27) during its launch weekend.

19 hours ago

PM Lee says "omicron" could lead to return of some curbs

Bloomberg - Singapore is watching the impact of the new omicron variant “very closely” and may be forced to roll back some easing measures it had taken to open up the economy, according to Prime Minister Lee Hsien Loong. “We are not sure yet, but we may well be forced to take a few steps back before we ca ...

20 hours ago

India's law enforcement agency summons Amazon, Future Group officials over 2019 deal

NEW DELHI: India's economic crime-fighting agency summoned officials of Amazon.com and its warring partner Future Group in a case related to alleged violation of foreign investment rules, according to sources with direct knowledge of the matter. Amazon received a summons issued by India's ...

21 hours ago

Exclusive-Visa complains to US govt about India backing for local rival RuPay

NEW DELHI : Visa Inc has complained to the U.S. government that India's "informal and formal" promotion of domestic payments rival RuPay hurts the U.S. giant in a key market, memos seen by Reuters show.In public Visa has downplayed concerns about the rise of RuPay, which has been supp ...

22 hours ago

Compulsory on-arrival ART for land VTL travellers entering Singapore from Malaysia after reports about new Covid-19 strain

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23 hours ago

PAP not afraid of opposing views but must rebut wrong ones 'if possible gently, but when necessary firmly': PM Lee

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23 hours ago

PM Lee says Covid-19 measures have worked because S'poreans trust PAP govt

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24 hours ago

4G team 'need a little longer' to pick leader, but PM Lee confident of decision 'well before' next GE

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1 day ago

Singapore DJ Mr Has dreams of throwing a COVID-19 'closing party' in the jungle

The co-founder and music director of the Telok Ayer Arts Club tells CNA Lifestyle what he's been up to since the pandemic started and what music lovers can look forward to from him.

1 day ago

Covid-19: 1,761 new cases and 6 more deaths in Singapore; weekly infection growth rate at 0.75

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1 day ago

Singapore's Loh Kean Yew books spot in Indonesia Open final, will face world number 2 Axelsen

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2 days ago

Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles - Beijing govt

SHANGHAI : Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday. The plant will be constructed in two phases and Xiaomi will also built its auto unit's headquarter ...

2 days ago

Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles

SHANGHAI: Chinese smartphone giant Xiaomi will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the Chinese capital said on Saturday (Nov 27). The plant will be constructed in two phases and Xiaomi will also build its auto unit's ...

2 days ago

Malaysia police to look into claim ATA whistleblower beaten by police

KUALA LUMPUR: Malaysian police said on Saturday (Nov 27) it will look into a claim a factory worker of Dyson supplier ATA IMS was beaten at its station but that it had not received any formal complaints. British home appliance maker Dyson told Reuters that it was

2 days ago

India tells public to shun Musk-backed Starlink until it gets licence

NEW DELHI : The Indian government advised people against subscribing to Starlink Internet Services, a division of billionaire Elon Musk's SpaceX aerospace company, as it does not have a licence to operate in the country.A government statement issued late on Friday said Starlink had been told to ...

2 days ago

India's Paytm September quarter net loss widens

NEW DELHI : India's One 97 Communications Ltd, the parent of fintech firm Paytm, said on Saturday its net loss for the three months through September widened by 8.4per cent as expenses rose.Paytm, reporting its earnings publicly for the first time since listing this month, reported a consolidat ...

2 days ago

Beekeeper petitioning for bees to be protected by law, but some say suggestion may not be practical

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2 days ago

Down with Covid-19 or flu? When you don't feel well, good nutrition is more important than ever

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2 days ago

Omicron is just the latest Covid variant until the world is immune

David Fickling - There’s a grim inevitability to the fact that the latest concerning strain of the Covid-19 virus — known as B.1.1.529, and now nicknamed the Omicron variant* — should have been first identified in South Africa. So far, SARS-CoV-2’s most devastating impacts have been in developed countries. T ...

2 days ago

Bitcoin offers no refuge from Covid market rout

Bloomberg - On a day when investors needed a place to hide, one alternative area of the market wasn’t providing any refuge: Bitcoin. The world’s largest cryptocurrency had its worst day in more than two months, slumping almost 8% to about US$54,350 as of Friday afternoon amid a rout in world stock markets o ...

2 days ago

China's industrial profits growth accelerates in Oct

BEIJING : Profits at China's industrial firms grew at a faster pace in October, the statistics bureau said on Saturday, providing a buffer for a faltering economy battered by soaring raw material prices.Profits in October rose 24.6per cent from a year earlier to 818.7 billion yuan (US$128.1 bil ...

2 days ago

New COVID-19 variant Omicron triggers global alarm, market sell-off

WASHINGTON: The discovery of a new coronavirus variant named Omicron triggered global alarm on Friday (Nov 26) as countries rushed to suspend travel from southern Africa and stock markets on both sides of the Atlantic suffered their biggest falls in more than a year. The World Health Organisation (W ...