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

Beware trade wars becoming cold wars

Leon Hadar - WHEN discussing the history of the Cold War with students during a class on American diplomacy, I always stress that unlike the other two World Wars of the 20th century, we cannot pinpoint a date on which the geo-strategic confrontation between the United States and the Soviet Union started - or fo ...

7 hours ago

Be future-ready with a diverse, gender-balanced workforce

Michele Wee - TECHNOLOGY has transformed our economy, redefined the way we work and shaken up the status quo. Finance, among other industries, is facing dramatic transformation brought about by new market entrants, evolving customer expectations and changing skills requirements.

7 hours ago

Nigeria's business prospects, investment opportunities to grow in government's 2nd term

Ronak Gopaldas - NIGERIA'S President Muhammadu Buhari successfully secured a second term at the helm of Africa's largest economy. Despite the controversial circumstances surrounding the run-up to the February poll, this was a convincing electoral result and provides a strong mandate for the president and his All Pr ...

7 hours ago

Tech stocks take a beating amid Washington's ban against Huawei

Navin Sregantan - SINGAPORE tech counters faced selloffs on Tuesday in the wake of Washington's ban of Huawei Technologies from purchasing parts and components from American firms without US government approval.

7 hours ago

Home design startup Livspace snags investment from Ikea group

Sharanya Pillai - OMNICHANNEL synergies, product integration and regional expansion are all on the table for home design and renovation startup Livspace now that it has bagged a strategic investment from the largest owner of Ikea stores, chief executive Anuj Srivastava told The Business Times on Tuesday.

7 hours ago

Huawei accuses US of bullying, says working with Google to respond to ban

Lee Meixian - Chinese telecoms equipment maker Huawei called itself the victim of U.S. "bullying" on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.

9 hours ago

Airbus prepares counter-punch to new Boeing mid-sized jet

Airbus' programs chief said trade tensions could impact customers, although the sales chief at the European planemaker said its market remained "quite positive" and less dependent upon economic cycles than before.

10 hours ago

Huawei puts Honor above Android at new smartphone launch

Lee Meixian - Huawei launched its new Honor 20 series smartphones in London on Tuesday in a presentation that emphasized the Chinese company's technology but made no reference of a possible rupture with Google.

11 hours ago

Former Tesla bull makes US$10 worst case call on China worries

Lee Meixian - REUTERS: One of Tesla's former biggest supporters on Wall Street said on Tuesday the electric carmaker's shares could fall to US$10 from nearly US$200 now, if tensions with China escalate and sap demand for its cars. Shares of Tesla edged down, heading for their fifth straight session of losses . ...

11 hours ago

Fed officials see past inflation misses as trouble for any new framework

Lee Meixian - In discussing the best way to manage the U.S. central bank's 2 percent inflation goal, Federal Reserve officials are considering strategies that may see them tolerate much higher price increases in some years to offset the weaker ones.

11 hours ago

US existing home sales fall for second straight month

WASHINGTON: US home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports and an inventory overhang in the first quarter. The unexpected drop in sales reported by .. ...

11 hours ago

Nepal bans Chinese digital wallets

Lee Meixian - KATHMANDU: Nepal said on Tuesday (May 21) that it has banned popular Chinese digital wallets Alipay and WeChat to prevent the loss of foreign currency earnings from tens of thousands of Chinese tourists. Over 150,000 Chinese holidaymakers visited Nepal last year, many using digital wallets to pay ...

11 hours ago

VW truck brand to invest US$344 million in Brazil after Ford exit

Lee Meixian - Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reais (US$344.14 million) to modernize its Brazilian factory in Sao Bernardo do Campo, an industrial city near Sao Paulo.

12 hours ago

Tech stocks pull Wall Street higher as US eases Huawei restrictions

Lee Meixian - U.S. stock index futures rose on Tuesday after the United States temporarily eased restrictions on China's Huawei Technologies, allaying investor concerns over a further escalation in a bitter trade war between the two countries.

12 hours ago

McDonald's faces 25 new sexual harassment complaints from workers

Lee Meixian - McDonald's Corp was accused on Tuesday in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating against employees who speak up.

12 hours ago

US senators urge Volkswagen to end delay in Tennessee union vote

Lee Meixian - Three Democratic U.S. senators on Tuesday questioned the decision by Volkswagen AG's U.S. unit to delay a union election for workers at its Tennessee assembly plant.

12 hours ago

Huawei launches new Honor phones, doesn't mention Android

Huawei launched its new Honor 20 series smartphones in London on Tuesday in a presentation that emphasized the Chinese company's technology but made no reference of a possible rupture with Google.

12 hours ago

Hobbling Huawei: Inside the US war on China's tech giant

In early 2018, in a complex of low-rise buildings in the Australian capital, a team of government hackers was engaging in a destructive digital war game.

12 hours ago

Pound bobs on Brexit, European stocks recover from Huawei scare

Lee Meixian - LONDON: Relief that the United States took a step away from imposing crushing restrictions on Huawei helped European stocks recover on Tuesday (May 21), while the pound whiplashed on fresh Brexit drama. After hitting a four-month low at US$1.2685 the pound shot higher on speculation Prime Minister ...

13 hours ago

Acromec unit to build, operate waste-to-energy plant for Chew's Agriculture poultry farm

Yunita Ong - SPECIALIST engineering firm Acromec's 80 per cent owned unit will build, own and operate a waste-to-energy power plant at Chew's Agriculture's new poultry farm at Neo Tiew Road, off Lim Chu Kang.

13 hours ago

Tech stocks lead rally on Wall Street after Huawei breather

Lee Meixian - U.S. stock index futures rose on Tuesday after the United States temporarily eased restrictions on China's Huawei Technologies, allaying investor concerns over a further escalation in a bitter trade war between the two countries.

13 hours ago

Singapore narrows 2019 GDP forecast, as Q1 logs slowest growth in nearly a decade

SINGAPORE: Singapore has slashed the upper end of its annual growth forecast as official data showed the economy clocking its slowest growth in nearly a decade during the first three months of 2019. The Ministry of Trade and Industry (MTI) said on Tuesday (May 21) that it now expects gross ...

13 hours ago

Nokia CEO sees possible benefits from Huawei tensions

Lee Meixian - Nokia Chief Executive Rajeev Suri said on Tuesday that the company had been a little slow in getting 5G technology up and running, citing merging its own technology plans with those of acquired Alcatel-Lucent as a reason.

14 hours ago

Mobile phone shops stop buying Huawei phones from customers; anxiety sets in for existing users

youjin.low -

14 hours ago

Senators urge Volkswagen to end delay in Tennessee union election

Lee Meixian - Three Democratic U.S. senators on Tuesday questioned the decision by Volkswagen AG's U.S. unit to delay a union election for workers at its Tennessee assembly plant.

14 hours ago

MOH may impose stricter timelines for review of disciplinary cases by SMC

youjin.low -

15 hours ago

Singapore’s Biofourmis secures $35m Series B funding co-led by Sequoia India

Ardi Wirdana - The company will use the capital to advance its AI-powered digital therapeutics platform. The post Singapore’s Biofourmis secures $35m Series B funding co-led by Sequoia India appeared first on DealStreetAsia.

15 hours ago

Wall Street bounces as Huawei reprieve sparks rally

Lee Meixian - U.S. stock index futures rose on Tuesday after the United States temporarily eased restrictions on China's Huawei Technologies, allaying investor concerns over a further escalation in a bitter trade war between the two countries.

15 hours ago

Monkeypox case: All-clear given by MOH for 22 people in close contact with patient

youjin.low -

15 hours ago

Morgan Stanley piles pressure on Tesla with US$10 worst case call

Lee Meixian - Further falls in Tesla Inc's share price increase its chances of being sold in the years ahead, Morgan Stanley analysts said on Tuesday, as they slashed their worse-case scenario for the electric car producer to just US$10.

15 hours ago

Chevron House sale to be completed by Q1 of 2020: Oxley

Yunita Ong - OXLEY Holdings will complete asset enhancement initiative (AEI) works on Chevron House and expects to achieve final completion of the sale of the 32-storey Raffles Place commercial building no later than the first quarter of 2020.

15 hours ago

Smoking cabin that turns cigarette smoke into clean air launched in one-north

SINGAPORE: A smoking cabin that is fitted with a filtering system, turning cigarette smoke into clean air, was launched on Tuesday (May 21) outside Fusionopolis in one-north.  "It is the first facility that has been developed to solve the issue of secondhand cigarette smoke in Singapore," ...

15 hours ago

Nokia CEO admits to delays in rolling out 5G

Lee Meixian - Nokia Chief Executive Rajeev Suri said on Tuesday that the company had been a little slow in getting 5G technology up and running, citing merging its own technology plans with those of acquired Alcatel-Lucent as a reason.

15 hours ago

US stocks open higher on Huawei reprieve

Lee Meixian - U.S. stock index futures rose on Tuesday after the United States temporarily eased restrictions on China's Huawei Technologies, allaying investor concerns over a further escalation in a bitter trade war between the two countries.

16 hours ago

Special Report: Hobbling Huawei - Inside the US war on China's tech giant

Lee Meixian - In early 2018, in a complex of low-rise buildings in the Australian capital, a team of government hackers was engaging in a destructive digital war game.

16 hours ago

Futures bounce as US eases restrictions on Huawei

U.S. stock index futures rose on Tuesday after the United States temporarily eased restrictions on China's Huawei Technologies, allaying investor concerns over a further escalation in a bitter trade war between the two countries.