2 days ago
Shanmugam rejects TOC’s application to cancel correction direction for article on execution methods
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Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Ericsson hit by higher 5G costs and weaker US market
Ng Ren Jye - Swedish telecoms equipment group Ericsson reported a sharp rise in fourth-quarter core earnings on Friday, but said the quarter, seasonally its best, had nevertheless been hit by a slowdown in its previously surging U.S. business.
2 days ago
European stocks climb as economic data fuels growth hopes
European shares on Friday were set to post their first daily gain this week on signs of a recovery ahead for growth, with easing worries over the coronavirus outbreak in China also emboldening investors.
2 days ago
Smooth traffic at checkpoints as authorities begin temperature checks
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2 days ago
AmEx profit beats on strong US holiday season spending
Ng Ren Jye - Credit card issuer American Express Co reported a fourth-quarter profit on Friday that beat analysts' estimates, as more people used its cards for shopping and paying bills while a strong U.S. retail sales environment also helped.
2 days ago
Deep tech investments have to be returns focused
Ravi Balakrishnan - One of the big stumbling blocks, the panel agreed, was the lack of understanding or agreement on a common definition around deep tech. The post Deep tech investments have to be returns focused appeared first on DealStreetAsia.
2 days ago
Exclusive: US pushes India to buy US$5-6 billion more farm goods to seal trade deal - sources
Ng Ren Jye - The United States wants India to buy at least another US$5-6 billion worth of American poultry and farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession, four sources familiar with the talks told Reuters.
2 days ago
Sale of Renk, MAN Energy Solutions depends on buyer: Volkswagen labor chief
Workers' approval of a possible divestment of Volkswagen's transmissions making unit Renk and MAN Energy Solutions depends on who the new owner will be, the carmaker's labor chief said on Friday.
2 days ago
Bayer faces fourth US Roundup cancer trial in Monsanto's hometown
Ng Ren Jye - Bayer AG is set to face a fourth U.S. jury trial over allegations that its popular weed killer Roundup causes cancer, with four cancer patients in the hometown of its agricultural subsidiary Monsanto scheduled to make their case beginning on Friday.
2 days ago
Bargain hunters fire up rally in cannabis stocks
Ng Ren Jye - Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year.
2 days ago
SoftBank-backed CloudMinds slashes workforce amid cash burn: sources
SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its workforce as it burns through cash after repeated attempts to list on the stock market, three people familiar with the matter said.
2 days ago
Singapore's land transport operators, ride-hailing services respond to Wuhan virus threat
SINGAPORE: Singapore's land transport operators have responded to the Wuhan virus threat, with ComfortDelgro saying on Friday (Jan 24) it has increased its "level of preparedness". The coronavirus has infected hundreds in China with several cases confirmed in other countries. READ: Wuhan vi ...
2 days ago
SoftBank-backed CloudMinds slashes workforce amid cash burn - sources
Ng Ren Jye - TOKYO: SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its global workforce as it burns through cash after repeated attempts to list on the public markets, people familiar with the matter said. Headed by former China Mobile research whiz Bill Huang, money .. ...
2 days ago
Japan ruling party lawmakers to float idea of issuing digital currency
TOKYO: A group of ruling party lawmakers are working on a proposal for Japan to issue its own digital currency, one of the members said, in a sign of alarm Tokyo is feeling about Facebook's Libra and China's drive to create a digital yuan. The digital currency could be a joint initiative between ...
2 days ago
US warns of possible counter-measures against Czech digital tax
Ng Ren Jye - PRAGUE: The Czech Republic could face U.S. counter-measures if it introduces a planned 7per cent digital tax aimed at global internet giants, the U.S. embassy in Prague said on Friday, after the Czech parliament gave initial support to the new tax. Several European countries are considering such a . ...
2 days ago
Malaysian rights group Lawyers for Liberty files motion in KL High Court against Shanmugam over correction direction
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2 days ago
Customer satisfaction for firms' digital support up 5.3%: study
Staff Reporter - Submitted By: Shaina Teope Case Study: No About 62.4% of companies now deliver AI-enabled customer support. Local businesses’ digital initiatives in customer support scored better in thea customer satisfaction (CSAT) index this year, increasing by 5.3%, according to a report by so ...
2 days ago
Diversification to ease headwinds for Mapletree Logistics Trust
Staff Reporter - Submitted By: Clarist Zablan Case Study: No Most of its tenants have been cautious on expansionary plans. Mapletree Logistics Trust’s (MLT) active asset management strategy to diversify its portfolio should help the REIT to remain resilient against an uncertain global backdrop, ac ...
2 days ago
Manufacturing output dipped 1.4% in 2019
Staff Reporter - Submitted By: Clarist Zablan Case Study: No The electronics cluster recorded the sharpest decline in output at 7.4%. Singapore’s manufacturing output declined 1.4% in 2019, according to data from the Economic Development Board (EDB). For the year, the electronics cluster posted th ...
2 days ago
Industrial space rents inched up 0.1% in Q4 2019
Staff Reporter - Submitted By: Shaina Teope Case Study: No Easing of rents during the quarter was attributed to the large pool of stock in the west region. Industrial rents inched up 0.1% YoY in Q4 YoY, whilst rents remained unchanged QoQ, according to a report by JTC. Rents of multiple-user factories i ...
2 days ago
Patient suspected of having Wuhan virus taken from Eastpoint Mall to Tan Tock Seng Hospital
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2 days ago
Takeaway sets Just Eat deal back a week, faces competition probe
Ng Ren Jye - Dutch online food ordering service Takeaway.com said on Friday that 90.2per cent of Just Eat shareholders have tendered shares to its takeover offer, and that the company will begin a squeeze-out process to acquire the rest.
2 days ago
Write-down of Japan hotel business swings IPC into losses of $16.7 million
The Edge Singapore - (SINGAPORE) Jan 23: Japan’s economy is enjoying a broad-based lift from the 2020 Tokyo Olympics to be held later this year. However, for IPC Corporation, the slowing down in the growth of the hospitality industry in Japan is a reason to write-down fair value of its Japan hospitality business by $ ...
2 days ago
Italy watchdog launches non-compliance proceedings against Facebook
Ng Ren Jye - Italy's competition watchdog has launched proceedings against Facebook for non-compliance with a previous request it had made regarding improper commercial practices in the group's treatment of user data, the agency said on Friday.
2 days ago
Takeaway says 90per cent of Just Eat shareholders have tendered shares
Dutch online food ordering service Takeaway.com said on Friday that 90.2per cent of Just Eat shareholders have tendered shares to its takeover offer, and that the company will begin a squeeze-out process to acquire the rest.
2 days ago
Chinese movie releases delayed worldwide, including in S'pore, due to Wuhan virus
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2 days ago
Rich Capital gets new legal demand from Batam project partner
Claudia Chong - RICH Capital has received another legal letter via a law firm appointed by Karya Indo Batam (KIB), demanding payment for the loss and damage it suffered as a result of unlawful conspiracy and breaches of duties.
2 days ago
Nestle teams up with Canadian plant-based ingredients makers
Food group Nestle has teamed up with Canadian plant-based food ingredient makers Burcon and Merit to speed up innovation in the fast-growing business segment, it said on Friday.
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Wuhan virus: Singapore confirms 2 more imported cases, day after first patient tested positive
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2 days ago
Bayer faces fourth US Roundup cancer trial in Monsanto home court
Bayer AG is set to face a fourth U.S. jury trial over allegations that its popular weed killer Roundup causes cancer, with four cancer patients in the hometown of its agricultural subsidiary Monsanto scheduled to make their case beginning on Friday.
2 days ago
Ericsson fourth-quarter core profit hit by slowdown in US business
Swedish telecoms equipment group Ericsson reported a sharp rise in fourth-quarter core earnings on Friday, but said the quarter, seasonally its best, had nevertheless been hit by a slowdown in its previously surging U.S. business.
2 days ago
Singapore shares up on Friday, drop 1.3% on the week
Navin Sregantan - UNDERSTANDABLY, the focal point of market talk this week was on the spread of the Wuhan coronavirus ahead of Chinese New Year.
2 days ago
Exclusive: Trump to sign USMCA trade deal Wednesday at the White House - source
U.S. President Donald Trump will sign a trade pact agreed between the United States, Mexico and Canada on Wednesday during a ceremony at the White House, an administration official told Reuters on Thursday.
2 days ago
Singapore manufacturing output down for second month in December
Rachel Mui - SINGAPORE: Singapore's manufacturing output declined for a second consecutive month in December 2019, according to data released by the Economic Development Board (EDB) on Friday (Jan 24). Output dropped 0.7 per cent year-on-year last month, following the larger than expected 9.3 per cent fall in ...
2 days ago
Analysts remain optimistic on Mapletree Logistics Trust amid stable 3Q, operational resilience
Uma Devi - SINGAPORE (Jan 24): Amid macroeconomic uncertainties and increasing cautionary behaviour, Mapletree Logistics Trust (MLT) has spent some $0.4 billion over the first three quarters of FY20 to ensure that its portfolio remains resilient through the acquisition of seven logistics properties in Malaysi ...
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Singapore factory output down 0.7% in Dec, posts full-year fall of 1.4%
Janice Heng - SINGAPORE'S factory output ended 2019 on a predictably weak note with a 0.7 per cent year-on-year decline in December, comparable to private-sector economists' estimates of a 0.6 per cent fall, according to preliminary figures from the Singapore Economic Development Board on Thursday.