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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2 days ago
India government ignored warnings over GST roll out: sources
[MUMBAI] The Indian government ignored several warnings from private companies that the complex technology required for a nationwide goods and services tax (GST) to work smoothly was not ready for launch, several people who worked on the project said.
2 days ago
UK government has no plans to remove exit date in Brexit law to avoid rebellion
[LONDON] Britain's government has no plans to withdraw its amendment to insert an exit date into Prime Minister Theresa May's Brexit blueprint, a spokesman for the leader said on Friday, after losing a vote in parliament earlier this week.
2 days ago
Luxembourg challenges EU order to recover tax from Amazon
[BRUSSELS] Luxembourg is challenging a European Union order to recover about 250 million euros (S$397.75 million) in back taxes from Amazon, saying it disagreed with EU state aid regulators' decision that the US online retailer had received special treatment.
2 days ago
Japan approves merger in struggling regional bank sector after lengthy review
[TOKYO] Japan's antitrust regulator has approved a merger of Daishi Bank Ltd and Hokuetsu Bank Ltd, in a decision that pit considerations of competition against regional lenders' struggle to survive.
2 days ago
StarHub to acquire cryptographic technology company for as much as S$122m
Annabeth Leow - STARHUB has inked a deal to buy a home-grown cryptography and digital security company for up to S$122 million, the telco said on Friday.
2 days ago
Pence's Middle East trip shrinks after pushing Trump on Jerusalem
[WASHINGTON] Vice President Mike Pence is set to receive a cooler reception from Arab leaders on a Middle East trip next week than he once expected, after pushing President Donald Trump earlier this month to declare Jerusalem the capital of Israel.
2 days ago
Sterling rises for a 3rd day on Brexit talks hopes
[LONDON] Sterling edged higher for a third consecutive day on Friday as investors bought the British currency on some optimism that Brexit negotiations will move to the next stage in January.
2 days ago
London-based investment banks to face closer EU scrutiny after Brexit
[BRUSSELS] Large investment banks such as Goldman Sachs and JPMorgan will be subject to tighter controls in the European Union after Britain leaves the bloc, under EU draft proposals meant to prevent them exploiting laxer rules in EU member states.
2 days ago
Indonesia, Freeport said to near new deal for Grasberg mine
[JAKARTA] Indonesia and Freeport-McMoRan may sign a new agreement as soon as this weekend that will lay out a road-map for the transfer of majority ownership of the giant Grasberg copper and gold mine to a local firm, according to people familiar with the proposal.
2 days ago
Daily Debrief: What Happened Today
2 days ago
Siemens partners with Amazon as it ramps up industrial software platform
[MUNICH] Siemens is partnering with Amazon as it accelerates the rollout of its MindSphere industrial software platform, the core of its bid to dominate the market in digital factory automation.
2 days ago
Bank of Spain cuts GDP forecasts for 2018, 2019 on Catalonia
[MADRID] The Bank of Spain cut its estimate for economic growth for 2018 and 2019 because of the impact of political uncertainty related to Catalonia's drive for independence.
2 days ago
Hong Kong moves toward dual-class shares, woos next Alibaba
[HONG KONG] Hong Kong's stock exchange proposed to let "innovative" companies list in the Chinese enclave with dual-class share structures to avoid losing out on more initial public offerings by technology giants like Alibaba Group Holding.
2 days ago
Hong Kong gearing up to allow controversial dual-class shares
[HONG KONG] Hong Kong is set to allow controversial dual-class shares under rule changes to be proposed by the city's stock exchange as it raises the stakes in its battle against New York for blockbuster Chinese initial public offerings (IPOs).
2 days ago
Singapore shares end the week lower
Claire Huang - THE sell-offs continued on Friday, erasing gains earlier in the week as investors get jittery about the US tax cuts pushing through.
2 days ago
Malaysia: Shares end lower on Friday
MALAYSIAN stocks closed lower on Friday, with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 5.93 points to 1,753.07.
2 days ago
China's HNA repurchases some bonds in fresh move to reassure investors
[HONG KONG] Chinese conglomerate HNA Group said on Friday it had repurchased some of its bonds and planned to buy back more - its latest move to counter concerns that it is facing a liquidity crunch.
2 days ago
Good times gone: Slower business awaits Chinese steel mills in 2018
[SHANGHAI] China's steel demand will slow in 2018 as the world's second-largest economy reins in stimulus and tightens credit, ending a two-year bonanza for the world's biggest producers, analysts say.
2 days ago
MAS enforces new credit cap
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Financial institutions can refuse individuals with debts amounting to six times their monthly income. The Monetary Authority of Singapore (MAS) announced a new measure to help borrowers limit "excessive" unsecured debts. According to ...
2 days ago
Export growth to slow down to 9.4% in November: Moody's
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Electronics exports have been on a decline since May. Singapore’s exports likely grew 9.4% YoY in November, after surging 20.9% in the prior month, according to a forecast by Moody’s Analytics. October’s surge was driven by a ...
2 days ago
Europe: Stocks drop as bonds gain
[LONDON] Stocks in Europe declined and bonds gained with the euro as investors assessed messages from the Federal Reserve and European Central Bank meetings this week, while concerns about the US tax overhaul lingered. The dollar steadied and Treasuries were little changed.
2 days ago
Beijing evictions leave migrant workers in limbo as winter deepens
[BEIJING] Winter is bringing a frigid existence and an uncertain future for migrant workers in Beijing deprived of electricity and heating as they resist a month-long campaign to evict them from the city's urban villages.
2 days ago
Australia cobalt rush accelerates on electric vehicle demand, DRC troubles
[MELBOURNE] Australia, home to the world's second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democra ...
2 days ago
Hong Kong: Stocks end week with losses
[HONG KONG] Hong Kong shares tumbled on Friday, in line with a retreat across Asia and in New York as investors fret over the future of market-friendly US tax-cut measures.
2 days ago
Airbus confirms management shake-up
SEAN HENDERSON - PARIS: Airbus confirmed a top management shake-up on Friday (Dec 15), following weeks of turmoil at the European planemaker. Chief operating officer and planemaking chief Fabrice Bregier will step down in February 2018, while chief executive Tom Enders will not seek a new mandate when his term ...
2 days ago
Uber Eats to offer couriers insurance in Europe
SEAN HENDERSON - BRUSSELS: Uber's food-delivery business will begin offering an insurance package to its couriers in Europe, a move to address the conditions of "gig economy" workers. Riders for food-delivery companies such as Uber Eats and Deliveroo are typically self-employed and the firms have come under fire .. ...
2 days ago
Japan firm says it will pay part of salaries in Bitcoin
SEAN HENDERSON - TOKYO: A Japanese company will start paying part of its employees' salaries in Bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday (Dec 15). GMO Internet, which operates a range of web-related businesses including finance, online advertising and ...
2 days ago
Singapore export growth seen slowing in Nov, tech sales cooling: poll
[SINGAPORE] Exports growth in Singapore is expected to have slowed sharply last month from October's double-digit pace, a Reuters poll found on Friday, dragged by a high base effect from a year ago and a tapering in sales of electronics.
2 days ago
Stressed Singaporean employees are least likely to ditch their jobs: survey
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Moreover, they put in longer working hours due to motivation. Three in five or 64% of Singapore employees are satisfied with their jobs, according to the latest employee pulse study by experience management platform Qualtrics. It said in a rep ...
2 days ago
Japan expands sanctions aimed at North Korea
[TOKYO] Japan said Friday it had added 19 more entities to its list of organisations and individuals targeted by asset-freeze sanctions on North Korea.
2 days ago
North Korea's economy remains tiny, but has some bright spots
[SEOUL] North Korea's economy remains a fraction of its southern neighbour's, but it showed improvement last year in some sectors including agriculture - and more people than ever have mobile phones.
2 days ago
H&M falls further behind Zara as online shift trips up retail
[GENEVA] H&M lost more ground to Inditex's Zara as the crisis in brick-and-mortar retail hits weaker clothing sellers hardest. The Swedish company's shares fell the most in nine years.
2 days ago
H&M sales unexpectedly shrink in Q4
[STOCKHOLM] Fashion retailer H&M said on Friday fewer visitors to its core brand stores weighed on turnover in its fiscal fourth quarter as it reported an unexpected year-on-year drop for the period.
2 days ago
Noble Group chairman expects creditors' proposal soon on debt restructuring
[SINGAPORE] Noble Group Ltd expects to soon receive a proposal from creditors on its debt restructuring, its chairman said, as the struggling commodities trader seeks to keep its business running.
2 days ago
China's money rates up after PBOC, taking Fed's cue, lifts market rates
[SHANGHAI] China's primary money rate edged higher this week after the central bank lifted short- and medium-term market rates on Thursday, just hours after the US Federal Reserves tightened policy.
2 days ago
Dalai Lama turns to iPhone to spread app-iness
[NEW DELHI] He already has millions of Twitter followers and has spoken of the wonders of new technology. Now the Dalai Lama has launched a new iPhone app so devotees can keep track of his travels and teachings.