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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11 hours ago

Top investors lose US$1 billion as China's Nasdaq-style board reverses on day two

Leila Lai - The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined US$1 billion in the second day of trade on Tuesday, a day after the board's roaring debut created three new billionaires.

11 hours ago

Prevention more critical as Singaporeans live longer with chronic diseases: Prudential

Amala Balakrishner - SINGAPORE (July 23): Eight in 10 medical practitioners say Singapore’s healthcare system should focus more on disease prevention as Singaporeans live longer and are predisposed to chronic diseases at an earlier age. In addition, nearly half or 49% of the 200 practitioners surveyed noted that Sing ...

12 hours ago

LG Display says to diversify suppliers due to South Korea-Japan spat

Leila Lai - SEOUL: South Korea's LG Display Co Ltd said it is looking to diversify its supplier base as it prepares for expanded trading curbs from Japan on some display-making materials which threaten to impact the broader tech industry. Japan recently tightened curbs on exports of three chipmaking materials . ...

12 hours ago

4 burnt shophouses in Geylang for sale with S$14m guide price

Fiona Lam - A ROW of four freehold, adjoining conversation shophouses – which caught fire earlier this year – in Geylang have been launched for sale via expression of interest, with a guide price of S$14 million, property consultancy Knight Frank Singapore said on Tuesday.

12 hours ago

O-Level exam cheating trial: I dated alleged ringleader but thought she was a man, says tutor

gordon.feeney -

12 hours ago

China's BAIC takes 5% stake in Daimler: German carmaker

China's state-owned BAIC has taken a 5 percent stake in Daimler, whose top shareholder for the past year has been rival Chinese carmaker Geely, the luxury German automaker said Tuesday.

12 hours ago

SATS shares tumble after 1Q earnings miss as headwinds mount

Stanislaus Jude Chan - SINGAPORE (July 23): Airline gateway services and food solutions provider SATS has seen its share price tumble more than 9% since last week. On July 18, SATS posted a 14.4% drop in earnings to $54.7 million for the 1Q20 ended June – missing consensus estimates by a mile. The disappointing results ...

12 hours ago

Fragrance Group to launch Jervois Treasures in Tanglin at prices starting from S$1.37m

Ng Ren Jye - MAINBOARD-LISTED property developer Fragrance Group will be launching the sale of its Jervois Treasures condo in prime District 10 on Saturday with prices starting from S$1.37 million for a one-bedroom apartment.

12 hours ago

Singapore CBD Grade A office rents hit 10-year high: Colliers

Vivienne Tay - GRADE A office rents in Singapore’s central business district (CBD) rose for the eighth straight quarter, hitting a 10-year high at S$9.93 per square foot per month (psf pm). This is up 12.6 per cent from a year ago, according to Colliers Research data.

12 hours ago

South Korea's LG Display posts deeper second-quarter loss on TV panel supply glut

Fiona Lam - SEOUL: South Korea's LG Display Co Ltd on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets. The Apple Inc supplier's operating loss for April-June was 369 billion won (US$313.02 million) ...

13 hours ago

Huawei head says group can sign 'no backdoor' deal with any country: Report

Huawei Technologies, the Chinese technology and telecoms group under pressure from the United States, is ready to sign a "no backdoor" agreement with any country, its founder told an Italian newspaper on Tuesday.

13 hours ago

Huawei head says group can sign 'no backdoor' deal with any country - Italy paper

Fiona Lam - Huawei Technologies, the Chinese technology and telecoms group under pressure from the United States, is ready to sign a "no backdoor" agreement with any country, its founder told an Italian newspaper on Tuesday.

13 hours ago

Huawei head says group can sign 'no backdoor' deal with any country: Italy paper

Fiona Lam - Huawei Technologies, the Chinese technology and telecoms group under pressure from the United States, is ready to sign a "no backdoor" agreement with any country, its founder told an Italian newspaper on Tuesday.

13 hours ago

Singapore core inflation hits over 2-year low, raising bets on policy easing

asyrafkamil -

13 hours ago

South Korea's LG Display posts deeper second-quarter operating loss, misses estimates

Fiona Lam - South Korea's LG Display Co Ltd on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets.

13 hours ago

Record shipment of illegal ivory seized, along with pangolin scales, worth over S$66 million

justinong -

13 hours ago

China's BAIC buys 5per cent Daimler stake; Daimler welcomes investment

Fiona Lam - Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5per cent stake in German luxury carmaker Daimler .

13 hours ago

E-scooter rider fined S$4,500 for assaulting elderly man he almost ran into

yasmine.yahya -

14 hours ago

Warren Buffett's charity lunch with cryptocurrency entrepreneur postponed

Fiona Lam - Cryptocurrency entrepreneur Justin Sun has postponed his US$4.57 million charity lunch with Warren Buffett due to ill health, according to a tweet from Sun's TRON Foundation.

14 hours ago

Co-living operator Hmlet raised $54.5m in Series B funding round

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No It will be used for further expansion in Singapore, Hong Kong, and Sydney. Singapore-based co-living operator Hmlet has raised $54.5m in a Series B funding round, led by Burda Principal Investments and participated by existing investor Sequoi ...

14 hours ago

Librae Holdings investing $8m in The Trendlines Group placement issue

Hock Meng Tay - The proceeds will be used for direct and indirect investments into prospective and existing portfolio firms. The post Librae Holdings investing $8m in The Trendlines Group placement issue appeared first on DealStreetAsia.

14 hours ago

Power traders tackle renewables puzzle in Danish 'Silicon Valley'

Fiona Lam - Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks.

14 hours ago

Singapore stocks: STI resumes Tuesday afternoon at 3,366.95, up 0.29% on day

Vivienne Tay - SINGAPORE stocks edged up as trading resumed on Tuesday afternoon, with the Straits Times Index gaining 0.29 per cent or 9.73 points to 3,366.95 as at 1.03pm ahead of news of rate cuts by major central banks. 

14 hours ago

UBS posts surprise second quarter profit boost

Fiona Lam - UBS on Tuesday beat forecasts with a US$1.4 billion net profit for its second quarter of 2019, as gains in its advisory business softened an investment banking fall and boosted its Swiss retail and corporate banking business.

14 hours ago

Lakepoint condo in Jurong up for collective sale with S$640m reserve price

Vivienne Tay - LAKEPOINT Condominium near Jurong Lake District, positioned as Singapore's second Central Business District, has been put up for collective sale via tender with a reserve price of S$640 million, its joint marketing agents SLP International Property Consultants and Strata AMC said on Tuesday.

15 hours ago

DLF Holdings warns of H1 loss on tough operating environment

Ng Ren Jye - DLF Holdings is expected to report a significant loss for H1 2019 due to weak revenue arising from the challenging environment which the group operates in, it said in a profit guidance issued on Tuesday.

15 hours ago

ECB set to start countdown on new eurozone stimulus

Fiona Lam - FRANKFURT AM MAIN: The European Central Bank is likely to point Thursday (Jul 25) to an interest rate cut in September, analysts say, although recent hints towards bucking up sluggish growth and inflation could even mean a move this week. Rare high expectations for the summer gathering follow ...

15 hours ago

Singapore headline, core inflation weaken in June

Janice Heng - SINGAPORE'S headline inflation eased in June, ending a four-month streak of edging upwards, according to consumer price index (CPI) figures released by the Department of Statistics on Tuesday.

15 hours ago

Co-living firm Hmlet raises US$40m in Series B round

Ng Ren Jye - SINGAPORE-BASED co-living company Hmlet has raised US$40 million in a Series B round, which will allow it to continue growing across gateway cities in Asia, it said in a media statement on Tuesday.

15 hours ago

China's STAR Market stocks trim massive gains on second wild day of trade

Nisha Ramchandani - SHANGHAI: Companies on China's new Nasdaq-style bourse retreated on Tuesday, shedding some of the massive gains made on their volatile debut in the previous session, although all remained well above their listing prices. While 24 out of 25 companies on the Shanghai Stock Exchange's STAR Market ...

15 hours ago

Corn refiner Luzhou Bio-Chem warns of Q2 loss

Fiona Lam - MAINBOARD-LISTED Luzhou Bio-Chem Technology expects to report a net loss for its second quarter ended June 30, the Chinese corn refiner and corn sweetener producer said in a filing on Tuesday.

15 hours ago

HDB aims for smarter, more temperature-resilient flats with research collaborations

yasmine.yahya -

16 hours ago

Co-living operator Hmlet raises $54.4 mil in Series B funding

Samantha Chiew - SINGAPORE (July 23): Singapore-headquartered co-living operator Hmlet has secured funding of US$40 million ($54.4 million) in its latest Series B round, allowing it to continue bridging gaps in demand for affordable, flexible and secure housing across the region. This round was led by Burda Princip ...

16 hours ago

Mapletree Logistics Trust NPI climbed 18.2% to $106.1m in Q1

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No The redevelopment of Mapletree Ouluo Logistics Park Phase 1 boosted income growth. Mapletree Logistics Trust (MLT) opened the year on a strong financial footing after Q1 FY 19/20 net property income (NPI) rose 18.2% YoY to $106.1m from $89.8m. ...

17 hours ago

Trendlines Group receives $10.9 mil investment; shares surge 20.5%

Samantha Chiew - SINGAPORE (July 23): Shares in The Trendlines Group rose some 20.5% on Tuesday to trade at 9.4 cents at 11.10am with 6.2 million units traded. The surge came on the back of new that the group has received a US$8 million ($10.9 million) investment from Librae Holdings. Librae Holdings is a company r ...

17 hours ago

Retail analytics startup Trax closes US$100m round, makes Singapore unicorn list

Fiona Lam - TRAX, a GIC-backed startup providing computer vision and in-store analytics for the retail industry, has joined Singapore’s unicorn stable after closing a US$100 million investment to expand its footprint in China and globally.