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

Bootstrapped but profitable now, SGeBiz finally ready for VC-funded growth

Olivia Poh - FOR three years, Singapore E-Business (SGeBiz) founders Edmund Nathan and Ernie Heng did not draw a salary. They struggled to provide for their families, and in the darkest of days the company had just S$5 in the bank.

10 hours ago

More PE investors in Asia sourcing their own deals

Sharanya Pillai - MORE private equity investors in Asia are sourcing their own deals and making direct investments, venturing into territory traditionally dominated by the General Partners (GPs) of funds, said panellists at the DealStreetAsia PE-VC Summit on Tuesday.

10 hours ago

Wall Street edges higher as markets await Fed decision

Jamie Lee - NEW YORK: Wall Street popped into positive territory late on Tuesday (Sep 17) after a largely flat trading day, with markets awaiting an interest rate decision from the Federal Reserve. Equities also recovered somewhat from the damage done a day before, when weekend attacks on Saudi oil facilities ...

11 hours ago

France's Macron bets on private-sector funding to fuel startup push

Jamie Lee - France aims to raise 5 billion euros (US$5.53 billion) in funds from private-sector investors to give French startup companies a leg up and help the most promising ones grow further, President Emmanuel Macron said on Tuesday.

11 hours ago

Facebook oversight board won’t have mandate to change policy

Jamie Lee - Facebook Inc will allow a new outside oversight board to make final decisions on whether individual pieces of content can be displayed on the social media site, but the group won't be able to make policy changes, the company said on Tuesday.

11 hours ago

Adobe quarterly revenue beats on strong subscription growth

Jamie Lee - Adobe Inc beat Wall Street estimates for quarterly revenue on Tuesday, boosted by a rise in subscriptions in its digital media business that includes image editing software Photoshop.

11 hours ago

FAA to brief international regulators on status of Boeing 737 MAX

Jamie Lee - Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to a Sept. 23 informal briefing in Montreal on the status of the grounded Boeing 737 MAX, according to an email seen by Reuters.

12 hours ago

US Senators urge FTC to scrutinize multi-billion dollar pharma mergers

Jamie Lee - U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize pharma mergers, raising concerns about the potential harm to customers.

12 hours ago

Trump administration officials tell Senate about Big Tech antitrust probes

Jamie Lee - The Justice Department's antitrust division chief, Makan Delrahim, said Tuesday that its probes of big technology companies like Alphabet's Google were a "priority" that could result in either "law enforcement or policy options as solutions."

12 hours ago

Pence upbeat that Congress will pass USMCA trade deal this year

Jamie Lee - U.S. Vice President Mike Pence on Tuesday said he believed Congress would act to pass a new U.S.-Mexico-Canada free trade agreement this year, providing important momentum for the U.S. economy.

12 hours ago

US Justice Department official calls big tech antitrust probes a 'priority'

Jamie Lee - The Justice Department's antitrust division chief, Makan Delrahim, said Tuesday that its probes of "market-leading online platforms" such as Alphabet's Google were a "priority" that could result in either "law enforcement or policy options as solutions."

12 hours ago

Oxycontin maker Purdue begins bankruptcy in push to settle opioid lawsuits

Oxycontin maker Purdue Pharma LP on Tuesday told a bankruptcy judge it hopes to broaden support for a proposed settlement of 2,600 lawsuits alleging it fueled the U.S. opioid crisis, but opponents of the deal highlighted looming legal battles.

12 hours ago

Facebook's Libra will be disruptive, says ECB's Coeure

Jamie Lee - Digital currencies such as Facebook's Libra will disrupt the financial system, either by forcing central banks to innovate or by grabbing a global role that could challenge the dominance of the dollar, ECB board member Benoit Coeure said on Tuesday.

14 hours ago

Wall Street subdued as focus shifts to Fed

U.S. stocks were modestly lower on Tuesday as investors moved to the sidelines ahead of the Federal Reserve's two-day policy meeting, while the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded.

14 hours ago

HSBC has started 'strategic review' of French retail operation: unions

Jamie Lee - HSBC has initiated a strategic review of its French retail operation, French unions said on Tuesday.

14 hours ago

GM switches health insurance costs to union for striking workers; talks continue

General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday.

14 hours ago

Walmart likely discriminated against female workers, US agency says

Jamie Lee - Walmart Inc likely discriminated against 178 female workers by paying them less, denying them promotions or both, because of their gender, the U.S. Equal Employment Opportunity Commission said in memos seen by Reuters.

14 hours ago

US manufacturing production rebounds, outlook remains weak

Jamie Lee - U.S. manufacturing output increased solidly in August, boosted by a surge in the production of machinery and other goods, but the outlook for factories remains weak amid rising headwinds from trade tensions and slowing global economies.

14 hours ago

Amazon starts hiring own drivers in German last-mile delivery push

Jamie Lee - Amazon has begun hiring its own drivers in Germany and plans to open 11 more distribution centers to expand its delivery business in its second biggest market, the firm's German logistics chief said in an interview.

15 hours ago

Yale-NUS, undergrads welcome dissent and protests as topics, but views vary on how they should be taught

siewfern -

15 hours ago

Germany's Scholz: We cannot accept parallel currencies such as Facebook's Libra

Jamie Lee - German Finance Minister Olaf Scholz said on Tuesday policymakers could not accept the emergence of parallel currencies such as Facebook's planned Libra, adding that Berlin would reject any such plans.

15 hours ago

Wall Street falls as energy drags; focus shifts to Fed meeting

Jamie Lee - U.S. stock index futures edged lower on Tuesday as the focus shifted away from weekend bombings on Saudi Arabia's main oil refinery to the Federal Reserve's two-day policy meeting, where it is widely expected to cut interest rates.

16 hours ago

Bazinga! HBO Max wins US streaming rights for 'The Big Bang Theory'

HBO Max, the upcoming streaming service from AT&T Inc's WarnerMedia, has secured exclusive five-year streaming rights in the United States to all 12 seasons of comedy hit "The Big Bang Theory".

16 hours ago

US manufacturing production rebounds; trend still weak

WASHINGTON: US manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production, but the outlook for factories remains weak against the backdrop of trade tensions and slowing global economies. The fairly upbeat report from the Federal ...

16 hours ago

Facebook briefly blocks Netanyahu chatbot on election day

Jamie Lee - Israeli Prime Minister Benjamin Netanyahu lashed out at Facebook on Tuesday after the social network blocked a "chatbot" from his right-wing Likud party's account for violating election day rules.

16 hours ago

Singapore gets two 3 Michelin-starred restaurants for the first time

asyrafkamil -

16 hours ago

US agency says Walmart likely discriminated against female workers: WSJ

Walmart Inc likely discriminated against 178 female workers by paying less or denying promotions or both because of their gender, the U.S. Equal Employment Opportunity Commission said in memos reviewed by The Wall Street Journal, the newspaper said on Tuesday.

16 hours ago

Half of lost Saudi oil to remain offline for a month: S&P

Around three million barrels per day of Saudi oil will remain offline for a month, about half the production halted by the weekend's devastating attacks on key crude facilities, S&P Platts said on Tuesday (Sep 17).

16 hours ago

Future of global semiconductor industry remains bright: DPM Heng

SINGAPORE: More than 400 new jobs are set to be created with the opening of semiconductor manufacturer STMicroelectronics’ new wafer fabrication facility in Singapore. The opening of the new facility, which will more than double the firm’s 8-inch fab manufacturing capacity in Singapore, comes ...

16 hours ago

No major short-term impact expected on S'pore refinery sector from Saudi attack: MTI

Claudia Chong - THE attack on Saudi oil plants over the weekend is not expected to have a significant impact on Singapore's refinery sector in the short term, said the Ministry of Trade and Industry (MTI) on Tuesday.

16 hours ago

Singapore's exports fall 8.9% in August, marking sixth straight month of decline

SINGAPORE: Singapore's exports declined 8.9 per cent in August, marking the sixth straight month of year-on-year decline. This follows a revised 11.4 per cent decline in July, Enterprise Singapore said in a media release on Tuesday (Sep 17).  A Reuters poll had forecast a 12.2 per ...

17 hours ago

Man with gender identity disorder reoffends, harasses and insults modesty of two girls, one woman

siewfern -

17 hours ago

Bazinga! HBO Max wins US streaming rights for The Big Bang Theory

Jamie Lee - HBO Max, the upcoming streaming service from AT&T Inc's WarnerMedia, has secured exclusive five-year streaming rights in the United States to all 12 seasons of comedy hit "The Big Bang Theory".

17 hours ago

Spooked by Modi's plastics ban, India Inc seeks clarity, exemptions

Jamie Lee - NEW DELHI: Companies in India will seek exemptions from the government's planned ban on certain plastic items, fearing the move will disrupt supply chains and raise costs ahead of a festive season, according to sources and an industry document seen by Reuters. India is likely to impose a ...

17 hours ago

SGX rejects BlackGold's application for 3rd extension of time to hold AGM

Claudia Chong - BLACKGOLD Natural Resources is now working towards holding its FY2018 annual general meeting by Oct 31 after the Singapore Exchange (SGX) rejected its application for a third extension of time.

17 hours ago

Explainer: Brexit deal emerging or not? Latest in Britain-EU talks

Jamie Lee - The European Union has pushed back against British Prime Minister Boris Johnson's assertion that a new Brexit deal was in the making.