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

SK Jewellery plans to accept cryptocurrency retail payments

Annabeth Leow - SK Jewellery Group could accept six different kinds of cryptocurrency at its stores, under a new deal with a point-of-sale system provider, it  announced on Friday evening.

2 days ago

Frasers Commercial Trust holds to Q1 DPU of 2.4 S cents

Annabeth Leow - FRASERS Commercial Trust kept distribution per unit (DPU) stable at 2.4 Singapore cents in the first quarter, even with hits to top and bottom lines, as distributable income was propped up on various fronts.

2 days ago

Guilty: Couple who abused domestic helper by asking her to drink polluted water, pour hot water on herself

amanda.eber - Wong Pei Ting41 min 57 sec agoSINGAPORE — A Singaporean couple made their domestic helper drink dirty water mixed w

2 days ago

Gripped by Ghosn crisis, Renault expects slight sales growth

Vivien Shiao - French carmaker Renault posted a 3.2 percent increase in 2018 vehicle sales, boosted by a new Chinese joint venture, and pledged further "slight growth" this year amid rebounding demand in Russia and Latin America.

2 days ago

CVS, Walmart reach new agreement for pharmacy network

Vivien Shiao - CVS Health Corp and Walmart Inc reached a multi-year agreement, under which Walmart will continue participating in CVS's pharmacy benefit management commercial and Medicaid retail pharmacy networks, the companies said on Friday.

2 days ago

Tesla to cut workforce by 7% while it ramps up Model 3 production

Vivien Shiao - Tesla Inc on Friday said it will cut its full-time workforce by about 7 percent, while it ramps up production of its Model 3 sedan.

2 days ago

Apex court reserves judgment on whether contempt of court papers can be served to Li Shengwu

amanda.eber - Faris Mokhtar18 min 9 sec agoSINGAPORE – Lawyers for Li Shengwu and the Attorney-General’s Chambers (AGC) battled

2 days ago

Trump-Deutsche Bank links in sights of US House investigators

Vivien Shiao - Democrats now in control of the U.S. House of Representatives are working out which House panels will take the lead in investigating President Donald Trump's business ties to Deutsche Bank, lawmakers and aides familiar with the plans told Reuters.

2 days ago

CVC Capital launches $5b fifth Asia vehicle, files with SEC

Tanu Pandey - The fifth fund follows its predecessor CVC Asia Fund IV that had raised $3.5 billion in May 2014 The post CVC Capital launches $5b fifth Asia vehicle, files with SEC appeared first on DealStreetAsia.

2 days ago

Trian to skip PPG board challenge after new commitments: sources

Vivien Shiao - Trian Fund Management LP will not challenge PPG Industries Inc's board of directors at its 2019 shareholder meeting after the U.S. paints and coatings company met some of the activist hedge fund's demands and announced new financial targets, people familiar with the matter said on Thursday.

2 days ago

Pernod Ricard says it is seeking to improve governance

Vivien Shiao - French family-backed spirits group Pernod Ricard , which is being targeted by activist investor Elliott, said it is striving to improve its governance and will communicate on future changes once they have been approved by its board.

2 days ago

Golden Energy questions proposed Stanmore dividend in takeover tussle

Annabeth Leow - THE bid by Golden Energy and Resources (Gear) to take over Australia's Stanmore Coal has continued hitting road blocks, with both parties releasing fifth supplementary statements on the offer on Friday.

2 days ago

Two new research centres to develop privacy-preserving tech and train talent

Vivien Shiao - THENational Research Foundation Singapore (NRF) has set up two research centres to carry out cutting-edge research to design and develop privacy-preserving technologies and train skilled manpower, as part of the city-state’s Smart Nation push.

2 days ago

oBike’s liquidators to supply documents so repayment of creditors, users can move forward

amanda.eber - Kenneth Cheng20 min 53 sec agoSINGAPORE — A day after news emerged that an oBike investor has pledged to settle its

2 days ago

Tesla to cut workforce by 7 percent while it ramps up Model 3 production

Vivien Shiao - Tesla Inc on Friday said it will cut its full-time workforce by about 7 percent, while it ramps up production of its Model 3 sedan.

2 days ago

EU to hit Chinese e-bikes imports with tariffs

Vivien Shiao - BRUSSELS: The European Union will impose duties from Saturday on Chinese electric bicycles to curb cheap imports which European producers say benefit from unfair subsidies and are flooding the market. E-bikes coming from China will be subject to tariffs of between 18.8 and 79.3 per cent, a filing ...

2 days ago

Three named to En+ voting trust as Deripaska looks to reduce stakes

Marissa Lee - Russian conglomerate En+ Group on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce his stake in the company in exchange for a waiver from U.S. sanctions.

2 days ago

Goldman Sachs apology not enough: Malaysian Finance Minister insists on US$7.5b compensation

Annabeth Leow - KUALA LUMPUR: The apology by Goldman Sachs is not sufficient and it has to compensate Malaysia considering the role played by its former banker in the 1Malaysia Development Berhad (1MDB) scandal, said Finance Minister Lim Guan Eng on Friday (Jan 18).  This came after Goldman Sachs’ chief executi ...

2 days ago

Tesla to cut workforce by 7 percent

Marissa Lee - Tesla Inc on Friday said it will cut its full-time workforce by about 7 percent, while it ramps up

2 days ago

Tesla to cut workforce by 7 per cent

Marissa Lee - Tesla Inc on Friday said it will cut its full-time workforce by about 7 percent, while it ramps up production of its Model 3 sedan.

2 days ago

M&G Real Estate invests $295m in Surbana Jurong’s new global HQ

Pramugdha Mamgain - The transaction is part of M&G Real Estate's Asian property strategy and marks its first business park office investment in Singapore. The post M&G Real Estate invests $295m in Surbana Jurong’s new global HQ appeared first on DealStreetAsia.

2 days ago

Vietnamese fined S$8,000 for attempting to move S$380,000 to Singapore undeclared

amanda.eber - Wong Pei Ting17 min 24 sec agoSINGAPORE — A 25-year-old Vietnamese mobile phone salesman who did not declare that h

2 days ago

Germany, China pledge to open markets, deepen financial cooperation

Annabeth Leow - Germany welcomes progress in cooperation with China, especially in the financial sector, and aims to spur further development, its finance minister, Olaf Scholz, said in Beijing on Friday.

2 days ago

HK court rules against Hoe Leong unit in marine fuel sale case

Annabeth Leow - HEAVY equipment supplier Hoe Leong Corp has suffered a defeat in an overseas court case, it disclosed in a bourse announcement on Friday evening.

2 days ago

Singapore shares end higher on Friday, STI adds 0.3%

Navin Sregantan - SINGAPORE shares closed higher on Friday, with the Straits Times Index (STI) up 19.90 points or 0.3 per cent to 3,224.34. About 2.05 billion securities worth S$906.87 million in total changed hands, which worked out to an average unit price of S$0.44 per security. 

2 days ago

Warburg-backed ESR REIT says 2019 will be a balanced year for acquisitions

Tanu Pandey - The REIT, which currently holds assets worth over $2.2 billion mostly in Singapore, has said it is not in a rush to go overseas. The post Warburg-backed ESR REIT says 2019 will be a balanced year for acquisitions appeared first on DealStreetAsia.

2 days ago

Challenger enters luxury audio market with ION concept store

Marissa Lee - FOR all the buzz that e-commerce gets, retail industry veteran Loo Leong Thye remains convinced that bricks and mortar stores still make for better business.

2 days ago

Former Certis Cisco employee jailed a week for molesting colleague at Changi Airport

amanda.eber - Wong Pei Ting37 min 50 sec agoSINGAPORE — A 33-year-old former Certis Cisco employee tasked to collect trollies and

2 days ago

Asian markets end week on a high as China-US trade hopes rise

Lynette Tan - Asian markets rallied Friday as another broadly positive week drew to a close, with investors cheered by a report that the US was considering lifting tariffs on China as officials look to hammer out a trade deal.

2 days ago

Asean Digest: NUS to invest $1.1m in 15 deep-tech teams; EaziCar to tap ECF route

Quynh Nguyen - The 15 teams currently target solutions in engineering, biomedical, ICT and lifestyle sectors. The post Asean Digest: NUS to invest $1.1m in 15 deep-tech teams; EaziCar to tap ECF route appeared first on DealStreetAsia.

2 days ago

Knight Frank names new group managing director

Nisha Ramchandani - KNIGHT Frank Singapore has appointed real estate veteran Wendy Tang as group managing director (MD) with effect from April this year to replace current group MD and chairman Danny Yeo.

2 days ago

China Sky selling investment-holding unit to chairman for S$190,000

Ng Ren Jye - CHINA Sky Chemical Fibre Company is selling its wholly owned subsidiary, Deluxe Dragon International Limited, to the company's chairman He Zhidong for S$190,000.

2 days ago

Tai Seng buy could boost Mapletree Industrial Trust's NPI yield to 6.8%

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No The gains may be higher than portfolio net profit income yield of 6.4%. Mapletree Industrial Trust’s (MIT) proposed acquisition of 18 Tai Seng from its sponsor Mapletree Investments for $268.3m could generate an initial net profit inco ...

2 days ago

Ryanair issues fresh profit-warning; blames lower fares

Vivien Shiao - LONDON: Ryanair on Friday (Jan 18) cut its annual profits forecast for a second time, blaming the latest move on lower airfares caused by overcapacity after already reducing earnings expectations because of strikes. The Irish no-frills airline meanwhile warned that its annual profits forecast ...

2 days ago

Employees of NEA contractor allegedly gave advance notice of mosquito breeding inspections for bribes

amanda.eber - Wong Pei Ting40 min 40 sec agoSINGAPORE — An employee of a pest company contracted by the National Environmental Ag

2 days ago

Renault targets 2019 sales growth after a 3.2 percent gain in 2018

Vivien Shiao - French carmaker Renault posted a 3.2 percent increase in 2018 vehicle sales, boosted by a new Chinese joint venture, and pledged further "slight growth" this year amid rebounding demand in Russia and Latin America.