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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16 hours ago
As China's recovery wobbles, economists expect more policy easing
Michelle Quah - China may need more monetary and fiscal easing to halt an economic slowdown in the wake of torrential rains and flooding, and authorities' tough response to outbreaks of the highly-transmissible coronavirus Delta variant, economists say.
16 hours ago
Japan's financial watchdog to step up scrutiny of ESG claims, says new chief
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16 hours ago
COE prices close mixed at the end of Aug 4 bidding exercise
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16 hours ago
Climate and board diversity disclosures among topics in upcoming SGX consultation
Raphael Lim - DISCLOSURE requirements must evolve in tandem with investor expectations, or the market and its issuers risk being left behind, said Tan Boon Gin, chief executive of Singapore Exchange Regulation (SGX RegCo) on Wednesday.
16 hours ago
China coal impairment could drastically hit Sembcorp's 1H, FY21 earnings: CGS-CIMB
Jeffrey Tan - Ahead of Sembcorp Industries’ 1HFY2021 results ended June 30, which are expected to be released on Aug 6, CGS-CIMB Research has forecast the company's earnings to plunge 94% to just $12 million from a year ago. The brokerage has also forecast the company’s FY2021 earnings to decline 20% from FY2 ...
16 hours ago
CGS-CIMB keeps 'add' call on Hongkong Land, sees performance stabilising
Atiqah Mokhtar - CGS-CIMB Research has maintained its “add” call and target price of US$5.70 ($7.70) for Hongkong Land Holdings after it reported losses of US$865 million for the 1HFY2021 ended June on July 29. Despite the loss, analysts Raymond Cheng, Will Chu, and Steven Mak point out that underlying earnings ...
16 hours ago
Hugo Boss expects recovery to continue through 2021
Michelle Quah -
16 hours ago
Enterprise Singapore aims to catalyse over S$150m of investments in deep tech
Claudia Chong - ENTERPRISE Singapore's (ESG) investment arm is appointing more co-investors to catalyse over S$150 million worth of investments into deep tech sectors.
16 hours ago
All hospitals to ban visitors to wards from Aug 5 to 18; exceptions on case-by-case basis
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16 hours ago
Its outlook may be weak but 'buy' this stock on its cheap valuations
Samantha Chiew - In its latest FY2021 ended June results, Starhill Global REIT (SGREIT) recorded a 33.4% y-o-y increase in DPU to 3.95 cents. This came on the back of a slight 0.3% y-o-y increase in gross revenue to $181.3 million, bringing net property income to $134.7 million, 2.0% higher than last year. The REIT ...
16 hours ago
MyRepublic makes two new senior appointments as it keeps IPO ambition going
The Edge Singapore - Telco MyRepublic has appointed Jeannie Ong as its group chief investor relations officer. In this newly-created role, Ong will help lead the company to a possible IPO “in the near future”, while also overseeing its corporate communications function. Ong was previously chief strategic partnership ...
16 hours ago
ByteDance rival Kuaishou to end services of short video app Zynn this month
Michelle Quah - The termination of Zynn is part of its normal operations, and the company's other products for markets outside China will not be affected, Kuaishou said in a statement.
17 hours ago
Rolls-Royce agrees sale of Norway's Bergen for US$131 million
Michelle Quah - Rolls-Royce said it agreed to sell its Norwegian maritime engine business Bergen to UK-based Langley Holdings, in a deal which will boost the British aero-engine maker's finances by 110 million euros (US$130.6 million).
17 hours ago
Toyota posts record profit but cautious on outlook as chip crunch weighs
Tan Nai Lun - Toyota Motor Corp reported on Wednesday a first-quarter operating profit of 997.49 billion yen (US$9.15 billion), up from 13.9 billion yen a year earlier as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.
17 hours ago
Asian shares shrug off Delta woes to hit 1-week highs
Tan Nai Lun - Asian shares advanced to one-week highs on Wednesday, led largely by strong U.S. corporate earnings, although the mood remained cautious as the rapidly spreading Delta variant of the coronavirus clouds the global economic outlook.
17 hours ago
Rothschild-backed RIT co-leads funding for crypto platform Aspen Digital
Michelle Quah - RIT Capital Partners, the investment trust founded by Jacob Rothschild, is co-leading a funding round for crypto investment platform Aspen Digital intended to finance the creation of an online platform that would give wealthy investors a single portal to manage crypto investments.
17 hours ago
Honda swings to Q1 operating profit, trounces estimates
Michelle Quah - Honda Motor Co swung on Wednesday to a first-quarter operating profit of 243.21 billion yen (US$2.23 billion) from a 113.7 billion loss a year ago as car sales recovered from the impact of the COVID-19 pandemic.
17 hours ago
Sony posts 26per cent rise in Q1 operating profit on pandemic-led PS5 demand
Tan Nai Lun - Sony Corp on Wednesday reported a 26.3per cent rise in first-quarter operating profit, benefiting from lingering pandemic-led demand for its PlayStation 5 games console.
17 hours ago
Sony posts record Q1 profit on pandemic demand for devices and content
Michelle Quah -
17 hours ago
Toyota reports record profit amid COVID-19 pandemic, keeps forecasts
Michelle Quah - Toyota reports record profit amid pandemic, keeps forecasts
17 hours ago
Thales to sell signalling business to Hitachi in US$2 billion deal
Michelle Quah - PARIS :Thales, Europe's largest defence electronics company, confirmed on Wednesday it was in advanced talks to sell its railway signalling business to Japan's Hitachi in a deal that values the division at 1.66 billion euros (US$2 billion).
17 hours ago
Dull quarter for MBS and RWS, but 'buy' Genting Singapore: UOB Kay Hian
Jovi Ho - UOB Kay Hian Research analysts Vincent Khoo and Jack Goh are maintaining “overweight” on the gaming sector in Singapore, with Marina Bay Sands (MBS) delivering a lacklustre quarter yet again and Resorts World Sentosa (RWS) expecting a “similarly dull” outlook. “While we remain confident th ...
17 hours ago
CGS-CIMB ups Yangzijiang's TP to $1.91 on strong year-to-date orders
Felicia Tan - CGS-CIMB Research analyst Lim Siew Khee has reiterated “add” on Mainboard-listed Yangzijiang Shipbuilding with a higher target price of $1.91 from $1.63 previously. Lim’s report, dated Aug 2, comes after the group signed new orders for a total contract value worth US$1.08 billion ($1.46 billio ...
18 hours ago
China's Nayuki says gets clean chit on food safety after regulatory checks
Michelle Quah - Chinese teahouse company Nayuki Holdings said on Wednesday inspections by regulators of its stores had unearthed no food safety violations as described in a Xinhua report and that it was not fined or penalised.
18 hours ago
Is a merger between Keppel REIT and SPH REIT on the cards? DBS seems to think so
Felicia Tan - The acquisition of Singapore Press Holdings (SPH) by Keppel Corporation looks to be a “winning hand” according to the analysts, Ho Pei Hwa, Geraldine Wong, Rachel Tan and Derek Tan at DBS Group Research. In an Aug 3 report, the analysts deem the deal to be a value-accretive one for SPH and “bo ...
18 hours ago
Nissan's battery partner to spend over US$450 million on new plant in Japan
Michelle Quah - Nissan Motor Co's Chinese battery partner Envision AESC said on Wednesday it would spend 50 billion yen (US$460 million) to build a new battery plant in Japan's Ibaraki prefecture north of Tokyo.
18 hours ago
Spain's La Liga attracts US$3.2 billion investment from CVC
Michelle Quah -
18 hours ago
Southeast Asia's factory powerhouses hit by vaccination woes, Delta
Michelle Quah - Fresh outbreaks of the Delta coronavirus variant in Southeast Asia have crippled its factory sector, disrupting global supplies of goods such as rubber gloves, semiconductors and SUVs and threatening the US$3 trillion region's recovery.
18 hours ago
Toyota Q1 operating profit jumps to US$9.2 billion, beats expectations
Tan Nai Lun - Toyota Motor Corp reported on Wednesday a first-quarter operating profit of 997.49 billion yen (US$9.15 billion), up from 13.9 billion yen a year earlier as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.
18 hours ago
MyRepublic appoints senior executives as it seeks to go public
Yong Jun Yuan - MYREPUBLIC announced on Wednesday that it has appointed Jeannie Ong to be the group's chief investor relations officer (CIRO) as it seeks an initial public offering (IPO) in the near future.
18 hours ago
Apple works with Chinese suppliers for latest iPhones -Nikkei
Tan Nai Lun - Apple Inc is working with more Chinese suppliers to produce its latest iPhones, Japan's Nikkei newspaper said on Wednesday, as a tech feud stemming from a trade war with the United States prompts Beijing to strengthen domestic firms.
18 hours ago
Apple works with Chinese suppliers for latest iPhones - Nikkei
Michelle Quah - Apple Inc is working with more Chinese suppliers to produce its latest iPhones, Japan's Nikkei newspaper said on Wednesday, as a tech feud stemming from a trade war with the United States prompts Beijing to strengthen domestic firms.
18 hours ago
Woman seen without mask in viral videos denied release without bail; set to plead guilty
maria.almenoar -
19 hours ago
Toyota Q1 operating profit jumps to US$9.2 billion
Tan Nai Lun - Toyota Motor Corp reported on Wednesday a first-quarter operating profit of 997.49 billion yen (US$9.15 billion), up from 13.9 billion yen a year earlier as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.
19 hours ago
Toyota, Honda beat profit estimates but warn of extended chip crunch
Michelle Quah - Toyota Motor Corp reported on Wednesday a first-quarter operating profit of 997.49 billion yen (US$9.15 billion), up from 13.9 billion yen a year earlier as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.
19 hours ago
New Covid-19 cases at CGH not linked to previous cluster; hospital says operations continue as normal
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