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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5 hours ago

Trump says he asked Apple's Cook to look into helping build 5G in U.S

Natalie Choy - WASHINGTON: U.S. President Donald Trump said in a tweet on Thursday morning he had asked Apple CEO Tim Cook to look into helping develop telecommunications infrastructure for speedy 5G wireless networks. During his visit to a Texas plant on Wednesday, Trump met with Cook and asked "to see if he ...

5 hours ago

Jumbo's Taiwan JV incorporated, to ramp up operational efficiency

Natalie Choy - JUMBO Group's indirect wholly-owned unit Jumbo F&B Services (JFB) has signed an 80:20 joint venture (JV) agreement with strategic partner Baipin Co to boost the group's overall operational efficiency in the Taiwanese market. 

6 hours ago

Stress-related illnesses cost Singapore’s economy S$3.2 billion annually: Study

razalia -

6 hours ago

British Airways says technical issues delay some flights

Natalie Choy - British Airways said some flights were delayed on Thursday (Nov 21) due to an unspecified technical issue which forced it to cancel some flights a day earlier.

6 hours ago

Macy's posts bigger same-store sales drop, cuts 2019 profit outlook

Natalie Choy - Macy's Inc reported a bigger-than-expected fall in quarterly same-store sales and cut its full-year profit forecast on Thursday, blaming weak international tourism and sluggish mall traffic.

6 hours ago

Student with cerebral palsy collects PSLE results after beating fear of school with a little help from friends

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6 hours ago

Tesla picks a fight with Detroit by going after the pickup market

Natalie Choy - Tesla Inc Chief Executive Elon Musk has talked for years about building an electric pickup truck that would threaten the heart of the Detroit automakers' profits, and on Thursday he will finally take the wraps off the so-called cyberpunk truck.

6 hours ago

Trump administration to miss 2019 target for Alaska refuge oil lease sale: Official

Natalie Choy - The Trump administration will miss its target of holding the first-ever oil drilling lease sale in Alaska’s Arctic National Wildlife Refuge this year due to delays in the environmental review process, Interior Secretary David Bernhardt told Reuters.

6 hours ago

Explainer: What are the signs of economic recovery for Singapore and are they enough for a turnaround?

siewfern -

7 hours ago

Sanofi weighing options for consumer healthcare unit: sources

Natalie Choy - Sanofi is considering a joint venture or outright sale among options for its consumer healthcare unit, sources told Reuters, as the French drugmaker prepares to present a new strategic plan next month.

7 hours ago

Exclusive: German exports to United States jump despite trade tensions

Strong German exports to the United States helped Europe's largest economy to avoid a recession in the third quarter, data showed on Thursday, as companies benefited from a weaker euro and trade diversion linked to the U.S.-China tariff dispute.

7 hours ago

Goldman Sachs CEO says 'no gender bias' in Apple Card

Natalie Choy - Goldman Sachs chief executive David Solomon on Thursday denied allegations of gender discrimination against an artificial intelligence programme used for setting credit limits for a new card from tech giant Apple.

7 hours ago

OPEC+ likely to extend oil supply cuts until June: Sources

Natalie Choy - OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia's push for stable oil prices amid the listing of state oil giant Saudi Aramco.

7 hours ago

A closer look at Alex Yeung, the Hong Kong resident repatriated from Singapore for holding an illegal assembly

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7 hours ago

Consumer confidence drops to two-year low amid economy, job concerns: Nielsen

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8 hours ago

Carousell snaps up rival 701Search as it seeks dominance in Southeast Asia

tessa.oh -

8 hours ago

VW sees mild growth for China auto market over next three to four years

Natalie Choy - Volkswagen AG , the top foreign automaker in China, said on Thursday it expects the world's biggest passenger car market to stabilize next year with low growth levels likely for three to four years.

8 hours ago

Germany fines BMW, Daimler, Volkswagen for forming steel cartel

Natalie Choy - Germany's cartel authority said on Thursday it was fining the country's three major carmakers - BMW , Volkswagen and Daimler - a total of 100 million euros (US$110.84 million) for unlawful actions in relation to steel purchases.

8 hours ago

China invites US trade negotiators for new round of talks: WSJ

Natalie Choy - China has invited top U.S. trade negotiators for a new round of face-to-face talks in Beijing amid continued efforts to strike at least a limited deal, the Wall Street Journal reported on Thursday citing unnamed sources.

8 hours ago

OECD sees global growth at decade-low, blames governments' indecision

The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive investment, the OECD said on Thursday in an update of its forecasts.

8 hours ago

Singapore shares slide 1.2% amid jitters over trade deal uncertainty

Navin Sregantan - THE Straits Times Index fell 37.57 points or 1.2 per cent to close at 3,192.21.

8 hours ago

Jaguar Land Rover chief wants alliances, not a merger

Luxury automaker Jaguar Land Rover's chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger.

8 hours ago

Fiat Chrysler to recall nearly 700,000 SUVs for electrical fault risk

Natalie Choy - Fiat Chrysler Automobiles NV said on Thursday it will recall nearly 700,000 sport utility vehicles worldwide because a faulty electrical connection could prevent engine starts or contribute to a stall.

9 hours ago

US-China trade war could spark real war: Kissinger

BEIJING: Former US secretary of state Henry Kissinger warned on Thursday (Nov 21) that an armed conflict could break out between the United States and China if they fail to resolve their trade war. The sober remarks from Kissinger, who was instrumental in normalising diplomatic relations between .. ...

9 hours ago

Panasonic to stop LCD panel production

Natalie Choy - Japanese electronics titan Panasonic said Thursday it would end its production of liquid crystal display panels by 2021, as Chinese and South Korean manufacturers dominate the global market.

9 hours ago

GM lawsuit won't torpedo Fiat Chrysler merger with Peugeot: source

Natalie Choy - Fiat Chrysler on Thursday said its talks with Peugeot to create the fourth-largest carmaker are going well, despite a racketeering lawsuit filed by General Motors late on Wednesday, seeking "substantial damages."

9 hours ago

UnUsUaL remains RHB’s top small-mid cap sector pick amid 'superb 2Q20'

Uma Devi - SINGAPORE (Nov 21): RHB Group Research is keeping its “buy” call on UnUsUaL with a target price of 42 cents, as analysts remain bullish on their top pick for the small-mid cap sector. For 2Q20 ended September, the Catalist-listed subsidiary of media entertainment company mm2 Asia saw its earnin ...

9 hours ago

Singapore's Carousell valued at more than S$1 billion on merger with Telenor unit

SINGAPORE: Online classifieds business Carousell said it has agreed to merge with a subsidiary of Norwegian telecoms firm Telenor Group, valuing the combined company at more than US$850 million (S$1.16 billion).  Carousell will merge with Telenor's 701Search, which owns online marketplaces Mudah .. ...

9 hours ago

De Beers Namibian diamond venture seeks tax breaks to extend operations

Natalie Choy - Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, said on Thursday it was in talks with the government about tax breaks to extend its land-based operations beyond 2023.

9 hours ago

BMW orders more than 10 billion euros' worth of battery cells

German carmaker BMW on Thursday said it had ordered more than 10 billion euros' (US$11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) and Samsung SDI .

9 hours ago

Fiat Chrysler says Peugeot talks progressing despite GM lawsuit

Natalie Choy - Fiat Chrysler on Thursday said its talks with Peugeot to create the fourth-largest carmaker are going well, despite a racketeering lawsuit filed by General Motors late on Wednesday, seeking "substantial damages."

9 hours ago

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks

Alibaba will pay its investment banking syndicate up to US$32.3 million for leading its Hong Kong listing which will raise up to US$12.9 billion, according to documents filed with U.S. securities regulators.

9 hours ago

5G is more than just faster download speeds, can make lives 'much better': Iswaran

SINGAPORE: The move to 5G networks here has the potential to make work more efficient and productive and make lives much better, said Minister for Communications and Information S Iswaran in an interview with CNA938 on Wednesday (Nov 20). In October, Mr Iswaran announced that 5G coverage – the .. ...

9 hours ago

CDL Hospitality Trusts to acquire Sentosa Cove hotel for $324 mil

Stanislaus Jude Chan - SINGAPORE (Nov 21): The managers of CDL Hospitality Trusts (CDLHT) is looking to acquire the 240-room W Singapore – Sentosa Cove for $324.0 million. The purchase consideration represents a 3.1% net property income (NPI) yield. On a pro forma FY2018 basis, the proposed acquisition is expected to r ...

10 hours ago

20-year-old man charged with trespassing in NTU hostel, taking photos of male student showering

tessa.oh -

10 hours ago

Worst may be over for Singapore economy but recovery will be sluggish, say experts

SINGAPORE: Amid early signs that the slump in the crucial manufacturing sector is easing, some economists are saying the worst may be over for the Singapore economy. However, they cautioned that recovery will be “sluggish” and “slow going” as risks ranging from a protracted US-China trade ...