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

China says will strive to reach 'phase one' trade deal with US

BEIJING: China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday (Nov 21), in an attempt to allay fears talks might be unraveling. China is willing to work with the United States to .. ...

10 hours ago

BMW orders more than US$11 billion worth of battery cells

Natalie Choy - German carmaker BMW on Thursday (Nov 21) said it had ordered more than €10 billion (US$11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) and Samsung SDI.

11 hours ago

BRC Asia kept at 'add' by CGS-CIMB as FY19 earnings surge 162% to $31.6 mil

Stanislaus Jude Chan - SINGAPORE (Nov 21): CGS-CIMB Research is keeping its “add” call on BRC Asia with an unchanged target price of $1.90 after the steel reinforcement solutions provider ended FY2019 with a bang. BRC saw it full-year earnings more than double to $31.6 million for FY2019 ended September, from $12.0 m ...

11 hours ago

PSLE results 2019: 98.4% of students make it to secondary school

asyrafkamil -

11 hours ago

China says will strive to reach phase one trade deal with U.S

Natalie Choy - China will strive to reach a "phase one" trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unraveling.

11 hours ago

SoftBank sounds out Japan's top banks on US$2.8 billion loan, sources say

SoftBank Group Corp is sounding out Japan's top three banks to borrow around €300 billion (US$2.8 billion) to help fund its support of US startup WeWork, three people familiar with the matter said on Thursday.

11 hours ago

Asia to double spending on food to over US$8 trillion by 2030: report

Uma Devi - SINGAPORE (Nov 21): In line with a rising demand on the back of population growth and changing food requirements, Asia is expected to double its total spend on food over the next decade to over US$8 trillion ($10.9 trillion) by 2030, from US$4 trillion currently.  This is according to a report joi ...

11 hours ago

Broker's take: Maybank Kim Eng remains 'positive' on S-Reits

Rachel Mui - THE outlook for Singapore Reits (real estate investment trusts) remains constructive, with third-quarter DPU (distribution per unit) skewed towards retail and industrial Reits, according to a latest industry note by Maybank Kim Eng. 

12 hours ago

Unemployed man, who used to be a cop, jailed for taking drugs, trying to set fire to neighbour’s home

amanda.eber -

12 hours ago

CDL, CapitaLand to redevelop Liang Court

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No Ascott Reit to rebuild 13,034 sqm of the Liang property for a partial sale of $163.3m. City Developments Limited (CDL), CapitaLand Limited (CapitaLand), and Ascott Residence Trust (Ascott REIT) have teamed up to rebuild the Liang Court site in ...

12 hours ago

CapitaLand sells The Star Vista to Rock Productions for $296m

Staff Reporter - Submitted By:  Clarist Zablan Case Study:  No The mall comprises three levels of retail space with an NLA of 162,500 sqft. CapitaLand has entered into an agreement to sell The Star Vista to Rock Productions, the owner of The Star Performing Arts Centre, for $296m, according to a press rel ...

12 hours ago

SPH REIT to raise $161.5m via private placement

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No Net proceeds will be used to fund a shopping centre acquisition in Australia. SPH REIT has put 156,645,000 new units for sale via a private placement with an issue price set between $1.031 and $1.075 per new unit, to raise gross proceeds of no ...

12 hours ago

Google, Facebook business models threat to rights: Amnesty report

SAN FRANCISCO: The data-collection business model fueling Facebook and Google represents a threat to human rights around the world, Amnesty International said in a report Wednesday (Nov 20). The organization argued that offering people free online services and then using information about them to . ...

12 hours ago

Google bars elections ads from using political leanings, voter data

SAN FRANCISCO: Alphabet's Google will stop giving advertisers the ability to target election ads using data such as public voter records and general political affiliations, the company said in a blog post on Wednesday (Nov 20). The move coincides with pressure on social media platforms over their .. ...

12 hours ago

SG’s Wilmar eyes regulators’ approval for China IPO early next year

Aradhana Aravindan - Wilmar, which is valued at more than $19 billion, had announced its intention to list the business in 2017. The post SG’s Wilmar eyes regulators’ approval for China IPO early next year appeared first on DealStreetAsia.

12 hours ago

Factbox: How social media services handle political ads

Ng Ren Jye - SAN FRANCISCO: Online platforms including Facebook and Alphabet's Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the US presidential election. In the United States, the Communications Act prevents broadcast stations from rejecting or ...

12 hours ago

Alibaba, Aramco share sale bonanza fails to deliver banks fee windfall

Ng Ren Jye - HONG KONG: A late-year rush of giant global share sales led by Alibaba's US$13 billion Hong Kong listing and Aramco's US$26 billion initial public offering is failing to deliver an equivalent payday for equities bankers. Filings on Thursday (Nov 21) revealed 17 banks will split up to US$32.3 ...

13 hours ago

SPH REIT launches private placement to raise more than $161.5 mil to help fund Australian shopping centre acquisition

Stanislaus Jude Chan - SINGAPORE (Nov 21): The manager of SPH REIT has announced the launch of a private placement to raise gross proceeds of no less than $161.5 million to partially fund its proposed acquisition of a 50.0% stake in Westfield Marion Shopping Centre in South Australia. Under the private placement, SPH REI ...

13 hours ago

Singapore stocks: STI resumes Thursday afternoon down 0.82% on day

Rachel Mui - SINGAPORE shares resumed trading still deep in negative territory on Thursday, with the Straits Times Index down 26.38 points, or 0.82 per cent to 3,203.40 as at 1pm. 

14 hours ago

Johnson & Johnson loses pelvic mesh implant lawsuit in Australia, agrees to pay US$117 million

More than 1,350 Australian women won a seven-year-old class action lawsuit on Thursday against Johnson & Johnson (J&J) for misleading patients and surgeons about the risks of the pharmaceutical giant's pelvic mesh implants.

14 hours ago

Family of worker who died in Shaw Plaza accident given ‘cash token’, insurance payout to come

tessa.oh -

15 hours ago

US-China 'phase one' trade deal may not be inked this year

WASHINGTON: Completion of a "phase one" U.S.-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own. An initial trade deal .. ...

15 hours ago

Shares stumble as China-US row over Hong Kong clouds trade deal outlook

TOKYO: Global shares slid on Thursday (Nov 21) as a fresh row between Washington and Beijing over US bills on Hong Kong could complicate their trade negotiation and delay a "phase one" deal that investors had initially hoped to be inked by now. MSCI's broadest index of Asia-Pacific shares outside . ...

15 hours ago

Johnson & Johnson loses pelvic mesh class action in Australia

Ng Ren Jye - More than 1,350 Australian women won a seven-year-old class action lawsuit on Thursday against Johnson & Johnson (J&J) for misleading patients and surgeons about the risks of the pharmaceutical giant's pelvic mesh implants.

15 hours ago

Singapore’s Carousell merges with Telenor’s 701Search at $850m valuation

Mars W. Mosqueda Jr. - The merger will bring in Telenor as the single largest minority shareholder in Caroussell at 32 per cent. The post Singapore’s Carousell merges with Telenor’s 701Search at $850m valuation appeared first on DealStreetAsia.

15 hours ago

Apple, Intel file antitrust case against SoftBank-owned firm over patent practices

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Softbank Group Corp-owned Fortress Investment Group, alleging the firm stockpiled patents to hold up technology companies with lawsuits.

15 hours ago

SG-listed CDL Hospitality Trusts to sell Novotel hotel, acquire W Singapore

Mars W. Mosqueda Jr. - The deal is part of CDLHT's efforts to further strengthen its presence in Singapore's lifestyle hotel segment. The post SG-listed CDL Hospitality Trusts to sell Novotel hotel, acquire W Singapore appeared first on DealStreetAsia.

15 hours ago

SIAS worries over Utico's last-minute changes on Hyflux deal

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No They hope that the outcome will benefit holders of the perpetual securities and preference shares. The Securities Investors Association of Singapore (SIAS) has expressed concerns about the lack of finality on Utico’s offer for Hyflux, ac ...

15 hours ago

Micron relationship with Huawei 'very good', chief executive says

REUTERS: American memory chipmaker Micron's relationship with China's tech giant Huawei 'continues to be very good', its chief executive, Sanjay Mehrotra, said on Thursday. He was speaking to broadcaster CNN on the sidelines of the Bloomberg New Economy Forum in Beijing. (Reporting by Yawen Chen ...

15 hours ago

Alibaba’s bankers get more buck for their bang

Clara Ferreira-Marques - [HONG KONG] Phalanxes of bankers have been enlisted around the world to sell a combined US$45 billion of stock in the year's three biggest equity deals. Alibaba's advisers come out ahead of those working for Uber Technologies and Saudi Aramco, at least when measured by return on effort.

15 hours ago

Apple, Intel file antitrust case against SoftBank-backed firm over patent practices

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Softbank Group Corp-owned Fortress Investment Group, alleging the firm stockpiled patents to hold up technology companies with lawsuits.

16 hours ago

Singapore's exports down 9.6% in Q3

tessa.oh -

16 hours ago

GDP to grow 0.5-1% in 2019: MTI

Staff Reporter - Submitted By:  Clarist Zablan Case Study:  No Manufacturing performed better than expected in Q3. Singapore’s GDP growth is projected to be in between 0.5% to 1% in 2019, up from the earlier flash estimates of 0%-1%, according to forecasts from the Ministry of Trade and Industry (MT ...

16 hours ago

GM sues Fiat Chrysler, alleging union bribes cost it billions

General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM.

16 hours ago

Google to let sites block personalised ads under California privacy law

Ng Ren Jye - Websites and apps using Google's advertising tools will be able to block personalized ads to internet users in California and elsewhere as part of the Alphabet Inc unit's effort to help them comply with the state's new privacy law, it told clients this week.

16 hours ago

Mexicans sue Walmart over Texas shooting that left victims on both sides of border

Ten Mexican citizens have sued Walmart over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its customers, Mexico said on Wednesday.