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
French Q1 online retail sales up 13% to 22.3b euros
ONLINE retail sales in France rose 13 per cent to 22.3 billion euros (S$35 billion) in the first quarter, said the French E-Commerce Federation (Fevad), highlighting growth in a sector that has seen Amazon and others make in-roads.
11 hours ago
Comcast challenges Disney for control of 21st Century Fox assets
A FULL-FLEDGED bidding war for key assets of Rupert Murdoch's 21st Century Fox erupted on Wednesday as media and cable giant Comcast announced that it plans an all-cash bid that would top an existing offer from Walt Disney Co. Comcast said it is in "advanced stages of preparing" the ...
11 hours ago
SilkAir merger will put SIA group on firmer footing
Nisha Ramchandani - NEARLY a year after it completed the merger of its two budget units Scoot and Tigerair, Singapore Airlines (SIA) seems to have decided that it just needs one premium brand as well.
11 hours ago
What ails Singapore Airlines?
Nitin Pangarkar - The easiest way to make a small fortune in the airline industry, it is frequently said, is to start off with a large fortune.
11 hours ago
Asia's financial institutions need to embrace the cloud
Ben Pott - ASIA'S digital transformation has had a massive impact on the region's economies. This is largely powered by the increased adoption of cloud technology, which has been gaining serious traction in recent years. According to the latest IDC Worldwide Semiannual Public Cloud Services Spending ...
11 hours ago
Emerging assets still offer a 'growth premium' over developed markets
EMERGING market equities and bonds have suffered a setback in recent weeks. After an idyllic Goldilocks backdrop last year and robust returns, investors may justifiably ask if the recent sell-off heralds more serious worries.
11 hours ago
Potential of Facial recognition technology is limitless
Benjamin Low - THE advancement of Artificial Intelligence (AI) technology will bring about unprecedented opportunities worldwide. A study by Accenture found that AI could nearly double Singapore's annual economic growth rate by 2035, transforming the way people work and creating a new relationship between ma ...
11 hours ago
Fortifying retail operations as cyberthreats intensify
Ryan Johnson - Technology has changed the way retail businesses work from top to bottom. Mobile applications, social media platforms and online customer loyalty programmes have made it easier for retailers to reach customers and keep their brands at the top of consumers' minds. The industry's use of dat ...
11 hours ago
Zuckerberg needs a wizard to clean up Facebook mess
Alex Webb - IS Mark Zuckerberg The Sorcerer's Apprentice?
11 hours ago
SIAS urges Hyflux to give equal treatment to holders of its perps
Yunita Ong - THE Securities Investors Association (Singapore) on Thursday called on Hyflux to consider according equal treatment to perpetual securities investors.
11 hours ago
3 Liang Seah shophouses seeking S$30m; 6 Little India conservation units up for auction
Rachel Mui - THREE adjoining shophouses at 33 Liang Seah Street have been launched for sale via private treaty at S$30 million, while six conservation shophouses at Desker Road are up for auction.
11 hours ago
Chinese buyers pump luxe property bubble in Phnom Penh
GUO Qirui, 30, says it's a lonely journey when he goes home to his rented luxury condominium in Phnom Penh, the capital of Cambodia, the country where the Chinese retail executive has lived in for nearly half a decade.
11 hours ago
Prologis earns tidy sum from sale of property to Facebook
ALL eyes were on Facebook Inc and its ambitious expansion plans when the social-media giant bought a 21-building campus in Menlo Park, California, from Prologis Inc. Turns out the 2015 deal turned a tidy profit for the warehouse landlord - and made its other properties in the area more valuable.
11 hours ago
US new home sales fall less than forecast in April
SALES of new US single-family homes fell less than expected in April amid a rise in transactions in the South and Northeast, and data for the prior three months was revised lower, suggesting the housing market was struggling to regain momentum.
11 hours ago
Bukit Sembawang posts sharp increase in Q4 earnings
Michelle Quah - PROPERTY developer Bukit Sembawang Estates reported a substantial increase in quarterly net income on Thursday, as it recognised higher profits from its development projects.
11 hours ago
MAS turns up heat on crypto currency exchanges and ICOs
Jamie Lee - IN THE strongest public reprimand from Singapore regulators over digital tokens, the Monetary Authority of Singapore (MAS) has stopped an unidentified issuer of an initial coin offering (ICO) from continuing with its fund-raising bid, which was deemed as having broken rules governing securities and ...
11 hours ago
Funds from land deal used to pay 1MDB dues
THE government of former Malaysian prime minister Najib Razak used funds from deals with the central bank and the sovereign wealth fund to pay for some of the liabilities of beleaguered state fund 1Malaysia Development Berhad (1MDB), sources with knowledge of the matter told Reuters.
11 hours ago
Deutsche Bank slashes over 7,000 jobs in major shake-up
GERMANY'S largest lender Deutsche Bank said on Thursday it will slash over 7,000 jobs globally and dramatically scale back its investment banking activities as it seeks to turn the page on years of losses.
11 hours ago
Norwegian firm in S'pore seeks exemption from US solar tariffs
Chia Yan Min - THE largest cleantech player in Singapore has submitted a request to be excluded from the United States' tariffs on solar panel imports.
11 hours ago
Q1 GDP growth at 4.4%; MTI revises full-year figure to 2.5-3.5%
Janice Heng - SINGAPORE'S gross domestic product (GDP) grew 4.4 per cent in the first three months of 2018, with full-year growth expected to come in at "2.5 to 3.5 per cent" this year, said the Ministry of Trade and Industry on Thursday.
11 hours ago
Services expand at fastest pace in 3 years, but manufacturing still powers economy
Vivien Shiao - ALL EYES are now on the services sector, which registered its fastest growth pace in three years, but manufacturing continued to be the key driver of Singapore's economy in the first quarter.
11 hours ago
Full-year NODX growth forecast untouched by low Q1 showing
Chuang Peck Ming - THOUGH non-oil domestic export growth was much lower in the first three months of 2018, government planners have stuck to their earlier full-year forecast for NODX.
11 hours ago
Media sentiment can provide useful gauge of economy's health: MTI
Leila Lai - MEASURING economic sentiment in local news articles can be a handy gauge of Singapore's overall economic health, according to a study released by the Ministry of Trade and Industry (MTI) on Thursday.
11 hours ago
Trump cancels summit with Kim scheduled for June 12 in Singapore
US President Donald Trump on Thursday called off a planned historic summit with North Korean leader Kim Jong Un, even after North Korea followed through on a pledge to blow up tunnels at its nuclear test site.
11 hours ago
Govt SME loan schemes have positive impact on firms' topline: MTI study
Vivien Shiao - ENTERPRISE Singapore's loans to small and medium-sized enterprises (SMEs) had a positive impact on their revenue, possibly by helping with their working capital needs to increase sales, according to a study from the Ministry of Trade and Industry (MTI) on Thursday.
11 hours ago
Fed officials not sure about hikes beyond June
FEDERAL Reserve officials signalled they are set to raise interest rates at their meeting in June, but sent no clear message on whether they'd hike one or two more times this year following that move.
11 hours ago
North Korea dismantles nuclear test site
NORTH Korea said it had "completely" dismantled its nuclear test site on Thursday in a carefully choreographed move portrayed by the isolated regime. The move had come hours before US President Trump cancelled his planned summit with President Kim Jong Un in Singapore.
11 hours ago
US launches probe into auto imports
THE Trump administration has launched a national security investigation into car and truck imports that could lead to new US tariffs similar to those imposed on imported steel and aluminium in March.
11 hours ago
China signals to state giants to buy US oil and grains
CHINA will import record volumes of US oil and is likely to ship more US soya after Beijing signalled to state-run refiners and grains purchasers that they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.
11 hours ago
BOJ member warns against excessive monetary easing
BANK of Japan board member Makoto Sakurai said on Thursday excessive monetary easing could destabilise the economy and suggested the central bank could whittle down its massive stimulus programme if growth continues to strengthen.
11 hours ago
STI jumps on upbeat domestic data
Anita Gabriel - A SURPRISE upside on Singapore's quarterly growth digits and overnight gains in Wall Street proved enough reason for cheer with the key Straits Times Index pushing itself back up over the 3,500 mark, after it slipped below the level on Wednesday.
11 hours ago
Brokers' take
The three outages suffered by Australia's Telstra Corp in May will dent its reputation. Many customers threatened to switch to rival operators while the stock is dogged by speculations of downgrade of credit ratings and cut in dividend payout.
11 hours ago
Euro edges up as US dollar surge loses steam
THE euro rose off a six-month low on Thursday as the US dollar faltered but concerns over an economic slowdown in Europe and political risks in Italy continued to act as a brake.
11 hours ago
Petrobras cuts fuel price after huge Brazilian truck strike
BRAZIL'S state-controlled oil company Petrobras yielded on Wednesday to pressure and temporarily reduced fuel prices after striking truckers threatened to paralyse airports and nationwide commerce.
11 hours ago
India takes US steel tariffs complaint to the WTO
INDIA has launched a complaint against the United States to challenge US President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization showed on Wednesday.
11 hours ago
Oil falls on shock US stock builds, Opec supply worries
OIL benchmarks fell on Wednesday after an unexpected build in US crude and petrol inventories despite strong demand, and as traders weighed a possible increase in Opec crude output to cover any shortfalls in supply from Iran and Venezuela.






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