Business Headlines & Singapore Stock Market News | SGinvestors.io

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

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Credit card company looks to fix holes in Japan consumption data

[TOKYO] Private consumption is 56 per cent of Japan's GDP, so understanding where people are spending and what they're buying is essential to have a clear picture of what's going on in the world's third-biggest economy. That's true not just for the government, but also for ...

Update: Singapore's GLP to get bids from at least 3 prospective buyers next week -sources

[HONG KONG] A Chinese consortium and two private equity firms are likely to submit bids next week to buy Singapore-listed warehouse operator Global Logistics Properties Ltd (GLP), people with direct knowledge of the matter said on Friday.

Special Offer – Get 2 Asia PE-VC Summit 2017 tickets for the Price of 1 Only Today

Team DealStreetAsia - Get two tickets for $999. Offer valid only until 11.59 pm SGT today. The post Special Offer – Get 2 Asia PE-VC Summit 2017 tickets for the Price of 1 Only Today appeared first on DealStreetAsia.

Consumer prices up for 6th consecutive month

Today - SINGAPORE - Consumer prices rose for the sixth straight month in May, mainly attributed to the rise in the cost of housing maintenance and repairs on a year-ago basis due to base effects associated with the timing of the disbursement of Service and...

China's Xi visit to Hong Kong confirmed: report

[HONG KONG] President Xi Jinping will come to Hong Kong next week to mark 20 years since the city was handed back to China by Britain, local media said, in a visit that will be incendiary to activists.

KKR, Blackstone, RRJ and TPG dropping out of race for GLP, says FT

PC Lee - SINGAPORE (June 23): Almost all the potential bidders for Global Logistic Properties are dropping out as the June 30 deadline approaches, reported The Financial Times. Private equity groups Blackstone, KKR, RRJ and TPG are among those that have decided against making a comprehensive offer, people in ...

Trump denies obstructing FBI probe, says has no tapes of talks with Comey

[WASHINGTON] US President Donald Trump said on Thursday he had not obstructed the FBI's probe into alleged Russian meddling in the 2016 US presidential election and had not recorded his conversations with former FBI chief James Comey.

Singapore headline inflation in May rises to 1.4% y-o-y

Soon Weilun - SINGAPORE'S headline inflation in May strengthened to 1.4 per cent year-on-year due to the absence of rebates, while core inflation fell slightly to 1.6 per cent.

Manufacturing output continues to rise but at a slower pace

Today - SINGAPORE - Industrial production rose 5.0 per cent in May, increasing for the tenth consecutive month year-on-year, according to data released by the Economic Development Board on Friday. This was down from the 6.7 per cent year-on-year increase in April,...

Asia Digest: Crowdo offers surpass financial targets; CoAssets secures MAS license

Tomas S. Noda III - Two of Crowdo's ECF offers have surpassed their capital raising targets. The post Asia Digest: Crowdo offers surpass financial targets; CoAssets secures MAS license appeared first on DealStreetAsia.

Singapore's manufacturing output rises for 10th straight month in May

SINGAPORE: The manufacturing sector in Singapore extended its winning streak in May as output rose for the 10th straight month, although the pace of growth continued to ease. Industrial output increased 5 per cent last month on a year-on-year basis, according to figures released by the Economic ...

Singapore factory output up 5% y-o-y in May

Chai Hung Yin - SINGAPORE'S manufacturing output rose 5 per cent in May 2017 compared to a year ago - lower than market consensus. Excluding biomedical manufacturing, output grew 13.1 per cent.

Noble shares surge after Abu Dhabi-based investment firm becomes substantial shareholder

PC Lee - SINGAPORE (June 23): Shares in Noble Group are up 16.5% to 53 cents this morning with 28.6 million shares traded. The surge came after Noble announced late on Thursday that Abu Dhabi-based Goldilocks Investment Company had bought 50.5 million shares in the group. The acquisition boosted Goldilocks s ...

Elbit Systems says innovation key to crowded drone market

Today - PARIS - Israeli defense electronics company Elbit Systems Ltd , is moving quickly to innovate and maintain its edge in a global market in which it faces increasing competition from China, France, Turkey and others. ...

EU leaders seek unity on post-Trump trade dangers

[BRUSSELS] EU leaders tackle the thorny topic of globalisation at a summit on Friday with deep divisions between proponents of free markets and others seeking more protections, most notably France.

Ramadan earns prime spot on Gulf fashion calendar

[DUBAI] From Dolce & Gabbana to Michael Kors, major brands are catering to lucrative Gulf markets during the Muslim holy month of Ramadan, which is earning its own slot on the global fashion calendar.

Asian shares flat, still on track for winning week

Today - TOKYO - Asian shares flatlined on Friday but remained on track for a weekly gain, while crude oil prices pulled away from this week's 10-month lows. MSCI's broadest index of Asia-Pacific shares outside Japan was nearly...

Singapore: Serial System to list HK subsidiary; UOL Group in equity swap deal for UIC stake

Shiwen Yap - Serial System Limited is planning to spin off its subsidiary with a listing on the HKSE Mainboard, while UOL Group is in an equity swap deal for a larger stake in UIC. The post Singapore: Serial System to list HK subsidiary; UOL Group in equity swap deal for UIC stake appeared first on DealStreetAsi ...

CIMB Research: 4 Alpha Stocks You Might Not Want To Ignore In 2H17

Lim Si Jie - In our previous article, we highlighted the ‘Yay’ and ‘Nay’ sectors that investors should invest in or avoid in the Singapore market. In this article, we will look at the four alpha picks that CIMB Research recommends going into 2H17.

China's ICBC says checks of loans by big acquirers are routine

Today - BEIJING - Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended to a handful of highly...

Toshiba asks regulators for extension on financial filing

[TOKYO] Toshiba Corp said on Friday it has asked regulators for an extension for filing its annual financial statement by over a month as it has not been able to obtain approval from its auditor.

Finance posts dominate highest paying jobs in Singapore

Kiersnerr Gerwin Tacadena - A finance controller takes home up to $15,000 a month. For a costly city like Singapore, every day is a battle of the fittest. For the fourth consecutive row, Singapore remained at the top of the most expensive cities to live in, dominating more than 130 cities in the survey conducted by a British ...

Asia: Markets end week on quiet note as US healthcare bill returns

[HONG KONG] Asian markets limped into the weekend, with energy firms still struggling after a bruising few days, while investors eye Donald Trump's revised healthcare bill hoping its success will open the way for his economic agenda.

US Republicans unveil Senate health bill, but lack votes to pass it

[WASHINGTON] US Senate Republicans on Thursday unveiled a revamped health care plan aimed at fulfilling President Donald Trump's pledge to repeal Obamacare, but a revolt by four conservatives put the bill in immediate jeopardy.

Jack Ma: Theories On Life, Money, Time & Energy

Seedly SG - In a famous and memorable interview Jack Ma did in Korea, some time back in 2016, ‘Crazy Jack’ sat down in an auditorium full of students and Millennials to dispense some real world, well-worn advice to them as a primer for life ahead.

A year after Brexit, Frankfurt emerges as biggest banking winner

[LONDON]Frankfurt is emerging as the biggest winner from last year's Brexit vote, with many of the world's biggest banks choosing to base their new European Union headquarters in the German city.

Hong Kong: Stocks slightly up at open

[HONG KONG] Hong Kong stocks edged up in the first few minutes of trade Friday but gains were tempered by ongoing weakness in energy firms after oil prices plunged this week.

South Korea: Shares rise as President seeks to raise China curbs at G-20

[SEOUL] South Korea's car and cosmetics stocks gained ground on Friday after the country's president told Reuters that he would address what is seen as Beijing's economic retaliation against South Korean businesses.

Top regional stocks to watch as transport infrastructure spending shifts up a gear

Michelle Zhu - SINGAPORE (June 23): With the Asean-5 looking to improve their global competitiveness in the years ahead, HSCB Global Research is anticipating a regional shift in spending from power and telecoms, to the largely-neglected transport infrastructure segment. In a June report entitled Asean Infrastruct ...

Friend of former South Korea leader Park jailed for three years

[SEOUL] The friend of former South Korean leader Park Geun Hye who was at the centre of an influence-peddling scandal that rocked the country's business and political elite has been sentenced to three years in jail, the Yonhap news agency reported on Friday.

US$100b Chinese city in the sea is hit by capital controls

[SINGAPORE] The $100 billion city rising from the sea next to Singapore has hit a roadblock: China's capital controls.

Australia sends spy planes to south Philippines

[SYDNEY] Australian military spy planes will start flying missions over the southern Philippines to help in the fight against Islamic militants terrorising the area, the government said Friday.

Bloomberg Q&A: How Chinese Stocks Got a Huge Boost From New York

Bloomberg - China’s domestic stocks just won a significant seal of approval from MSCI Inc. The New York-based provider of financial tools agreed to include the shares in its major emerging-market indexes, accepting them after three rejections.

Vancouver home lists for C$63m in buoyant market

[VANCOUVER] A waterfront mansion on a Vancouver street known as Billionaires' Row is on the market for C$63 million (S$66.2 million) - a record listing in a market where rapid home-price gains are seemingly unstoppable.

Singapore economy to grow 2.7% in 2017

Staff Reporter - But growth will remain uneven across sectors. Singapore will get to see a higher growth forecast of 2.7% for its gross domestic product (GDP) in 2017, thanks to the improved growth dynamics and the ongoing recovery in global trade. However, according to ICAEW’s latest Economic Insight: South ...

SATS to reap benefits from Japan's tourism boom

Staff Reporter - Japan targets to receive 40m inbound visitors by 2020. SATS is well positioned to be a beneficiary of the tourism boom in Japan, OCBC Investment Research said. According to the brokerage firm, Japan targets to receive 40m inbound visitors by 2020. This will give a boost to SATS' Japan air ...

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