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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4 hours ago
US: Dow, S&P 500, Nasdaq end at records as bank shares gain
[NEW YORK] Wall Street stocks jumped to fresh records Monday, boosted by bank shares that were lifted by expectations that the Federal Reserve will again increase interest rates this year.
4 hours ago
It's early days yet for technology in investing
Cai Haoxiang - IN THE use of technology to automate investing, there is often more hype than substance. But the power of innovation to upend markets cannot be underestimated.
4 hours ago
One China: Beijing should seek to strengthen common ties with Taipei
Beijing should have been mollified that President Tsai Ing-wen said all the appropriate things at Taiwan's National Day celebrations last week. She spoke of speeding up economic reform and safeguarding the island's democracy and freedoms.
4 hours ago
Tempers, tension in the 'adult day care centre'
Leon Hadar - ALMOST every day I travel on the Red Line of the Washington Metro, the rapid transit system that connects Montgomery County, Maryland, including my neighbourhood of Chevy Chase, with Washington, DC.
4 hours ago
Fed losing its economic clout for future recessions
Robert Samuelson - BEN Bernanke is worried - and perhaps we should be. As chairman of the Federal Reserve from 2006 to 2014, it was he who, along with others, prevented the worst recession since World War II from becoming Great Depression II. Now he fears that should another sharp recession occur, the Fed won't ...
4 hours ago
Nafta's future in doubt - no doubt about that
Andrew Hammond - THE fourth round of the North American Free Trade Agreement (Nafta) negotiations was unexpectedly extended on Sunday, until the middle of this week, with growing signs that the deal may collapse in the coming weeks. While most parties are keen to see a new, modernised treaty emerge, political risks ...
4 hours ago
Root of Kobe Steel scandal unknown, but judgment is swift
Anthony Rowley - JAPAN - and its media especially - are indulging in an orgy of self-flagellation or "Japan bashing" over the Kobe Steel affair, in which self-confessed lapses in product quality by the country's third-largest steelmaker are being treated as a cause for national shame.
4 hours ago
In the race to build better cars, makers with AI will be the winners
GIRISH RAMACHANDRAN - THE automotive industry has seen dramatic changes in the last decade. Today's cars are smarter, safer and more fuel-efficient compared to 10 years ago, and technology has been the driving force behind many of these advancements.
4 hours ago
Foreign developers throwing lines into Singapore's en bloc pond
Lynette Khoo - FOREIGN developers - those from China in particular - sense there's a killing to be made from Singapore's feverish en bloc market.
4 hours ago
Fewer launches as developers await upturn
Kalpana Rashiwala - DEVELOPERS launched just 73 private homes last month - less than a tenth of what they released in August, and the lowest figure since December 2014's 53 units.
4 hours ago
URA unveils plans for 19,000 homes in 3 residential precincts
Lee Meixian - THE Urban Redevelopment Authority (URA) on Monday unveiled its proposed plans for some 19,000 units in three upcoming neighbourhoods: Kampong Bugis, Holland Plain and Bayshore.
4 hours ago
Keppel DC Reit Q3 DPU up 16.8%
Stephanie Luo - KEPPEL DC Reit on Monday posted a 16.8 per cent rise in its Q3 distribution per unit (DPU) to 1.74 Singapore cents from 1.49 Singapore cents a year ago, as acquisitions and more rental income helped to lift earnings.
4 hours ago
Self-service transactions: penny wise, pound foolish?
Ku Swee Yong - SELF-SERVICE property websites lure property buyers, sellers, landlords and tenants - let us collectively address all of them as "clients" - with the bait of substantial savings in agents' fees.
4 hours ago
Northern Virginia counties vying to host Amazon's second HQ
CAPITAL One, Hilton Hotels and Resorts, Northrop Grumman and other industry heavyweights have all established Tysons Corner in Virginia as a popular landing spot for top corporations,
4 hours ago
London house prices fall at fastest pace since 2009
HOUSE prices in London are falling at their fastest pace since the aftermath of the financial crisis, confirming the British capital as the worst-performing part of a slowing market.
4 hours ago
Li Ka-shing's HK tower sells for record HK$40.2b
LI Ka-shing's CK Asset Holdings has sold its 75 per cent holding in The Centre to a Chinese-led group for HK$40.2 billion (S$6.96 billion), a record for a Hong Kong office tower, the Hong Kong Economic Journal reported.
4 hours ago
China poised to be top foreign buyer of Thai property
SANSIRI, one of Thailand's largest property developers by sales, sees China becoming its biggest foreign revenue source as early as this year, the latest sign that the world's largest property-buying binge is undimmed by China's tighter capital controls.
4 hours ago
46-room Regin Hotel in Sims Avenue up for sale
A BUDGET hotel on freehold land near the junction of Sims Way and Sims Avenue is up for sale.
4 hours ago
SGD bonds still hot as interest rates stay low
Siow Li Sen - SINGAPORE-dollar (SGD) bond deals continue to hit the market, and are being snapped up by investors who fear the "low-for-long" interest rate mantra is sticking.
4 hours ago
Goldman Sachs, JPMorgan expecting hard Brexit
GOLDMAN Sachs Group Inc and JPMorgan Chase & Co are bracing for a "hard Brexit" as they seek to protect their access to the European Union once Britain leaves the bloc in 2019, according to top executives.
4 hours ago
India risks wealth erosion as savers chase stock rally
INDIANS pouring record amounts of their savings into a stock-market rally risk getting burned.
4 hours ago
SMEs grapple with rising costs, stiff competition: survey
Vivien Shiao - THE recent economic data in Singapore may paint a rosy picture, but a recent report found that small and medium-sized enterprises (SMEs) are not out of the woods yet.
4 hours ago
Yellen says US economy in good health; sparks talk of rate hike
JANET Yellen, chairman of the Federal Reserve, said on Sunday that the US economy was in good health in an upbeat assessment that reinforced expectations the Fed is planning to raise its benchmark interest rate later this year.
4 hours ago
China's Sept producer price index spikes 6.9%
CHINA'S producer price inflation unexpectedly accelerated to a six-month high in September as a construction boom shows no signs of abating and a government crackdown on air pollution triggers fears of winter shortages and frenzied jumps in commodity prices.
4 hours ago
China central bank surprises with 7% H2 growth forecast
CHINA'S central bank governor said the economy could grow 7 per cent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown.
4 hours ago
'Governor of Jakarta will be the governor of us all': Anies
INDONESIAN President Joko Widodo swore in a former education minister as Jakarta's governor on Monday, months after an election that opened up religious and ethnic divisions in the world's biggest Muslim-majority country.
4 hours ago
Catalans defiant as Madrid prepares to act
CATALAN President Carles Puigdemont defended his region's claim to independence as the Spanish government signalled it will move ahead with the process of suspending self-rule this week.
4 hours ago
Abe on course for landslide election win: poll
PRIME Minister Shinzo Abe is on track for a landslide win in Japan's upcoming election, the latest survey suggested on Monday, as a new party founded by Tokyo's popular governor loses momentum.
4 hours ago
Keppel trust manager responds to report of underwater cable sale
Lee Meixian - THE manager of Keppel Infrastructure Trust (KIT) on Monday responded to a report in The Australian claiming that the trust's underwater cable linking Tasmania's hydro power-dependent grid to the mainland is up for sale. This is owned by KIT's wholly-owned subsidiary, Basslink.
4 hours ago
Gloom to boom: Gold gets its shine back for India's festivals
UNTIL early this month, Indian jewellers expected the traditional surge in demand from the Hindu Festival of Lights in October to be muted.
4 hours ago
Opec sees 'healthy' oil demand growth to 2022 as renewables gain
OIL demand will grow at a "healthy pace" over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said.
4 hours ago
VC, PE investments for Q1-Q3 top SEA total for all of 2016
Jacquelyn Cheok - MORE than US$8 billion in venture capital (VC) and private equity (PE) investments was recorded in South-east Asia in between Q1 and Q3 this year. The figure exceeds gross investments in the region for the whole of last year (US$7.1 billion), said the Singapore Venture Capital Association (SVCA).
4 hours ago
Amazon woos Washington as critics slam its growing power
ON A sunny day in July, commuters arriving at Union Station, in the shadow of Capitol Hill, were greeted with free bananas passed out by Amazon employees. In a Senate building, lawmakers and their aides attended policy panels on how Amazon manages privacy on its Echo devices and how sales for small ...
4 hours ago
Ex-Googler raises US$13m betting her home on podcasts
WANG Xiaoyu literally bet the house on making her startup work, quitting a lucrative job at Google in late 2015 and selling her home to build a podcast app.
4 hours ago
Battle for Saudi e-commerce market begins with entry of Noon.com
IN Saudi Arabia, a kingdom where postal codes are rarely used, most people pay in cash, and shopping is done in giant air-conditioned malls, building an online retail business is no easy task.
4 hours ago
China dairy giants downplay poisoning scandal in hunt for big deals
A DECADE after Chinese dairy companies were roiled by a scandal that poisoned thousands of children, investors are seeing the biggest players as safe bets.