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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7 hours ago

Asean Digest: AirAsia completes $355m aircraft transfer; Tat Hong to delist from SGX

Ka Kay Lum - SGX-listed crane supplier Tat Hong Holdings will delist from the Mainboard The post Asean Digest: AirAsia completes $355m aircraft transfer; Tat Hong to delist from SGX appeared first on DealStreetAsia.

8 hours ago

EU is making retaliation list for possible US car tariffs: Malmstrom

Michelle Quah - The European Union is preparing a list of counter-measures to potential U.S. tariffs on European cars, European Trade Commissioner Cecilia Malmstrom said on Thursday, adding she hoped an EU visit to Washington could help ease tensions.

8 hours ago

Singapore's Keppel Q2 profit up 44 pct on property, infrastructure divisions

Michelle Quah - SINGAPORE: Singapore's Keppel Corp posted a 44 per cent rise in its second-quarter profit, citing stronger earnings from its property and infrastructure divisions that offset losses in its other segments, including offshore and marine. Keppel, whose businesses range from rig-building to property .. ...

8 hours ago

Kobe Steel says it has been indicted over data tampering scandal

Michelle Quah - Kobe Steel Ltd said on Thursday it has been indicted by prosecutors over a data tampering scandal that shook the company last year.

8 hours ago

Addressing Indonesia’s financial inclusion gap

Lewis Lim - SINGAPORE (July 16): Financial technology, or fintech, is set to play a much larger role in Indonesia. The sprawling archipelago has among the highest percentage of unbanked population in the world. Bank-account ownership among adults was less than 40% in 2016. The financial inclusion gap is the sho ...

9 hours ago

Hong Kong: Shares end lower

9 hours ago

Taiwan steps in after China turns off tourist taps to Palau

Michelle Quah - TAIPEI: Taiwan has stepped in to help its ally Palau attract more tourists after an airline from the Micronesian nation said it was forced to shut under pressure from China. Taiwan's battle to protect its few remaining official allies has intensified as relations with Beijing deteriorate. Four ...

9 hours ago

Lim & Tan recommends Wheelock shareholders hold out for better offer; shares up 26%

PC Lee - SINGAPORE (July 19): Lim & Tan Securities says minority shareholders of Wheelock Properties should deserve a higher offer somewhere closer to its last reported NAV of $2.68/share. While Lim & Tan does not dispute Wheelock parent’s $2.10 offer price is attractive compared to its historical ...

9 hours ago

Indonesia holds key rate after 3 hikes as rupiah slump eases

9 hours ago

Airbus says unnamed buyer signs provisional deal for 10 A320neo

Michelle Quah - Airbus said on Thursday it had won a provisional order from an undisclosed customer for 10 A320neo planes worth US$1.1 billion at list prices.

9 hours ago

Europe: Earnings drive the day as stocks falter at one-month highs

10 hours ago

Coke zero, Play-Doh among Singapore's best-selling items on Amazon's Prime Day

Jacquelyn Cheok - Coke zero, Kleenex toilet rolls and Play-Doh playsets were among the best-selling items in Singapore during Prime Day, Amazon announced on Thursday.

10 hours ago

Coca-Cola Zero, Play-Doh among Singapore's best-selling items on Amazon's Prime Day

Jacquelyn Cheok - COCA-Cola Zero, Kleenex toilet rolls and Play-Doh playsets were among the best-selling items in Singapore during Prime Day, Amazon announced on Thursday.

10 hours ago

EU mulls coal, pharma, chemicals tariffs if US hits cars: Wiwo

Michelle Quah - The European Union will consider introducing tariffs on coal, pharmaceuticals and chemical products from the United States if President Donald Trump imposes restrictions on European cars, Germany's Wirtschaftswoche magazine reported on Thursday.

10 hours ago

Fiat Chrysler CEO could miss second quarter presentation: media

Michelle Quah - Fiat Chrysler CEO Sergio Marchionne, who is recovering from a shoulder operation, may not be present to discuss the company's second-quarter earnings with analysts on July 25, Italian website Lettera43 said, without attributing the information.

10 hours ago

Dr M can't confirm reports of Jho Low's detention in China; arrest warrants for ex-1MDB executives Loo and Tang issued

PC Lee - (July 19): Has Low Taek Jho, the alleged mastermind of the misappropriation of up to US$4.5 billion ($6.2 billion) from 1Malaysia Development Bhd (1MDB) sovereign fund, been detained by the Chinese authorities? According to Sarawak Report, the socio-political blogsite founded by investigative journa ...

10 hours ago

New fully-electric taxis can cover over 200km with 30-min charging

victor.loh - Victor Loh1 hour 12 min agoSINGAPORE — Two fast-charging fully-electric taxis will hit the Singapore roads on Th

11 hours ago

18 months’ jail, caning for man who sexually violated his sister’s best friend

alfredchuam - Louisa Tang54 min 26 sec agoSINGAPORE — His sister's best friend was tipsy and half-asleep in a room at the

11 hours ago

SGX to expand clearing houses' management powers during defaults

Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No It wants to auction clearing members’ positions in derivatives if they ever default. The Singapore Exchange (SGX) is seeking public feedback on proposed amendments to the clearing rules of Singapore Exchange Derivatives Clearing Limited ...

11 hours ago

Manufacturing and services slowdown could hurt Singapore economy

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No Global electronics demand have been hit by the US-China trade war. Singapore economy could face muted growth in Q2 2018 amidst underperforming growth in manufacturing and services, Maybank Kim Eng said. Manufacturing slowed down its growth to ...

11 hours ago

ComfortDelGro to test 2 fully-electric taxis that charge for 30 minutes

Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No It aims to bring costs down to a third of the price of diesel. ComfortDelGro (CDG) Taxi is putting on trial two fully-electric Hyundai Ioniq taxis that will take 30 minutes, instead of hours, to charge. The DC fast charging station, approved b ...

11 hours ago

Keppel T&T Q2 profits jumped 137.8% to $25.96m

Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No It gained from a dilution of its interest in an associated company. Keppel Telecommunications & Transportation (Keppel T&T) profits in the second quarter of 2018 soared by 137.8% to $25.96m from $10.92m last year. Revenue, however, was ...

11 hours ago

Amazon hands goodwill to eBay with move to shut Australians out of overseas sites

Michelle Quah - Australian home entertainment installer Paul Boon has relied for years on Amazon.com Inc's U.S. website for cheap wall racks and other parts to keep his costs down.

11 hours ago

S'pore ratifies landmark Asia-Pacific trade pact

alfredchuam - 1 hour 14 min agoSINGAPORE — The Republic has become the third nation to ratify the landmark Comprehen

12 hours ago

Malaysia issues arrest warrants for 2 ex-1MDB executives: source

[KUALA LUMPUR] Malaysian investigators are said to have issued arrest warrants for two former executives of troubled state fund 1Malaysia Development Bhd, or 1MDB, according to a person with knowledge of the matter.

12 hours ago

SoftBank's Son says Japan is 'stupid' for not allowing ride-sharing

[TOKYO] SoftBank Group Corp chief executive Masayoshi Son slammed on Thursday the Japanese government's ride-sharing ban and said the country had fallen behind overseas rivals in areas such as artificial intelligence and fintech.

12 hours ago

Singapore stocks: STI resumes Thursday afternoon at 3,271.72, up 1%

Wong Kai Yi - SINGAPORE stocks resumed trading Thursday afternoon on higher ground, with the Straits Times Index moving up one per cent or 31.22 points on the day to 3,271.72 as at 1.02pm.

12 hours ago

Singapore's GeTS launches cross-border blockchain for trade linking Asean and China's digital Silk Road

Samantha Chiew - SINGAPORE (July 19): Global eTrade Services (GeTS), a subsidiary of CrimsonLogic, has launched Open Trade Blockchain (OTB), an inclusive and extensible blockchain service built for the trade communities to boost overall efficiency, security and transparency for global trade.  It is also the regionâ ...

12 hours ago

SGX proposes clearing rules changes for tackling trading defaults

Annabeth Leow - SINGAPORE'S bourse operator has proposed changes to clearing rules for both derivatives and securities, with a public feedback exercise launched on Thursday.

12 hours ago

Asia Digest: KIP joins Univercells round; OCBC arm to open Luxembourg unit

Quynh Nguyen - OCBC's private banking arm has been granted a licence to operate a wealth management subsidiary in Luxembourg The post Asia Digest: KIP joins Univercells round; OCBC arm to open Luxembourg unit appeared first on DealStreetAsia.

12 hours ago

Singapore's future no longer looking great, economists say

Bloomberg - (July 19): Good, not great: That’s increasingly the economists’ take on Singapore’s longer-term prospects, from manufacturing to underlying economic growth. Ageing demographics and rising labour costs will weigh on the city-state, which focused on a significant manufacturing sector to support ...

12 hours ago

China to use 'counter-cyclical' measures to curb forex volatility: official

[BEIJING] China's foreign-exchange regulator said it has to assess the impact of trade friction on capital flows and will use "counter-cyclical" measures to respond to short-term volatility, but expressed confidence Beijing can cope with any challenge, given its "ample" res ...

12 hours ago

Singapore-based bank UOB backs Israeli fintech startup Personetics

Ka Kay Lum - The investment and partnership with the startup will enhance UOB's AI-based solutions for its customers across Southeast Asia The post Singapore-based bank UOB backs Israeli fintech startup Personetics appeared first on DealStreetAsia.

12 hours ago

Death toll from India building collapse hits nine

[NEW DELHI] The death toll from a collapsed apartment block outside Delhi rose to nine on Thursday as emergency workers pulled four more bodies from a huge pile of rubble and metal, India's fire brigade said.

13 hours ago

People Digest: MUFG Malaysia, PwC Singapore make new hires

Ka Kay Lum - MUFG Malaysia has named former Standard Chartered Malaysia banker Goh Kiat Seng as its new co-head of global corporate banking The post People Digest: MUFG Malaysia, PwC Singapore make new hires appeared first on DealStreetAsia.

13 hours ago

Facebook cracks down on bogus posts inciting violence

[MENLO PARK, United States] Facebook on Wednesday built on its campaign to prevent the platform from being used to spread dangerous misinformation, saying it will remove bogus posts likely to spark violence.