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

Singapore Stock Market News Singapore Business News Singapore Market Updates



16 hours ago
Lack of new launches leaves Ford playing catchup with GM
Today - DETROIT - James Hackett spent the last year plotting Ford Motor Co's long-term self-driving car strategy. In his first week as chief executive, he has more immediate concerns: stopping a skid in North American sales and fending off a market share grab by...
17 hours ago
SATS unveils tech innovation centre
Staff Reporter - It was co-founded by the CAAS and EDB. Food solutions and gateway services provider SATS launched its Technology Innovation Centre dubbed as TechnIC@SATS, a joint project co-founded by the Civil Aviation Authority of Singapore (CAAS) and Singapore Economic Development Board (EDB). read more
17 hours ago
Taiwan: Stocks rise for 4th day, heavyweights gain; Sinopac down
[TAIPEI] Taiwan stocks rose for a fourth session on Thursday as investor sentiment was bolstered by gains in overseas markets, led by tech heavyweights such as TSMC and Hon Hai Precision Industry.
17 hours ago
Carson Block says he's certain China will face day of reckoning
Bloomberg - (May 25): Carson Block said he will continue wagering against Hong Kong-listed companies on the view that a pullback in credit will send shock waves through the economy. Block, the founder of Muddy Waters LLC, said in an interview that China’s credit problems since the global financial crisis will ...
17 hours ago
Harley-Davidson plans a Thailand factory to serve SE Asian market
Today - BANGKOK - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Thursday it will build a plant in Thailand, a major Asian automotive hub, to serve the growing Southeast Asian market, a move criticized by a U.S. labor union. The company did not...
17 hours ago
Philippine military seeks to secure troubled city as fighting eases
[MARAWI, Philippines] Troops began clearing out a southern Philippine city besieged by Islamist militants, with hostilities easing on Thursday after thousands fled as the rebels seized large parts of the city and torched buildings in a battle with government forces.
18 hours ago
China says former Shanghai prosecutor suspected of bribe-taking
[SHANGHAI] The former top prosecutor in the Chinese financial hub of Shanghai has been kicked out of the ruling Communist Party over a range of violations, the party said on Thursday, and a lawsuit for suspected bribe-taking will be launched.
18 hours ago
MSCI sees `lot of issues' to solve on China stock inclusion
Bloomberg - (May 25): China still has some ways to go to win approval for its mainland stocks to be included in emerging-market indexes, according to the head of the company that compiles the benchmarks. "There’s still a lot of issues to resolve in a short period of time,” MSCI Chief Executive Officer Henry ...
18 hours ago
Profiting From The Blood On The Streets?
Annie Lim - Baron Rothschild, an 18th-century British nobleman and a member of the Rothschild banking family, is known for his morbid yet true statement that goes, “The time to buy is when there’s blood on the streets”.
18 hours ago
Hong Kong faces China collateral damage on Moody's downgrade
Bloomberg - (May 25): Hong Kong saw its debt rating cut by Moody’s Investors Service hours after China’s downgrade, highlighting potential risks from a tightening economic integration. The former British colony has seen not only its property and stock markets increasingly entwined with the world’s second- ...
18 hours ago
Asia: Markets rally after Fed minutes, Opec meeting in focus
[HONG KONG] Asian markets rose on Thursday as traders welcomed indications from the Federal Reserve that interest rates could rise next month, while oil prices rallied ahead of an expected extension to output cuts.
18 hours ago
DBS sees full-year GDP growth at 2.8% if global economy continues to improve
PC Lee - SINGAPORE (May 25): DBS senior economist Irvin Seah continues to see full-year GDP growth at 2.8% on the premise that global economic conditions continue to improve. Though there are signs that China consumers demand may wane in the coming quarters, Seah is pinning his hope on stronger capex spendin ...
18 hours ago
US Navy ship sails near South China Sea reef claimed by Beijing: US official
[WASHINGTON] A US Navy ship has sailed in disputed South China Sea waters near a reef claimed by Beijing, a US official said.
18 hours ago
Australia: Stocks lifted by materials on higher commodity prices
[SYDNEY] Australian shares recouped early losses and edged higher on Thursday as mining and oil stocks rose on the back of stronger commodity prices.
18 hours ago
Why DBS is positive on Yoma despite dip in full-year earnings
Jude Chan - SINGAPORE (May 25): Yoma Strategic Holdings’ non-real estate businesses could drive the group forward amid continued softness in the property segment, according to DBS Group Research. The segment contributed to 46.6% of Yoma’s total revenue for the year – closing in fast on the group’s targe ...
18 hours ago
Singapore files written observation with ICJ on Malaysia's bid to revise Pedra Branca judgement
Anita Gabriel - SINGAPORE has filed its written observation with the International Court of Justice (ICJ) on the admissibility of Malaysia's application to revise the ICJ's 2008 judgement in the case concerning the sovereignty over Pedra Branca, Middle Rocks and South Ledge.
18 hours ago
Moody's downgrades Hong Kong after China ratings cut
[HONG KONG] Moody's Investors Service downgraded Hong Kong's local and foreign currency issuer ratings just hours after it cut China's credit ratings for the first time in nearly 30 years.
18 hours ago
Quick takes: Singapore 2017 GDP growth likely better than last year, Q1 growth higher at 2.7%
Soon Weilun - SINGAPORE'S Ministry of Trade and Industry (MTI) said on Thursday that economic growth this year is likely to be better than last year's 2 per cent, but kept its earlier forecast range of 1-3 per cent for 2017.
18 hours ago
CapitaLand, Mapletree continue to top APAC rankings for highest total AUM
Michelle Zhu - SINGAPORE (May 25): Singapore-based property groups CapitaLand and Mapletree Investments have once again topped overall rankings in the list of Asia Pacific managers with the highest total real estate assets under management (AUM), according to the ANREV/INREV/NCREIF Fund Manager Survey 2017. For th ...
19 hours ago
DBS: Five Stocks You Might Want To Avoid In May
Lim Si Jie - In the previous article, we highlighted three stocks that DBS is optimistic about for the month of May. In this article, we will be highlighting five stocks that DBS Research suggests avoiding holding in May as they have either been fairly priced or are exposed to potential headwinds in their respec ...
19 hours ago
New Zealand posts second straight surplus, targets infrastructure spending
[WELLINGTON] The New Zealand government expects to post a bigger-than-forecast budget surplus in 2017 and plans to invest the extra cash in infrastructure to fuel the growing economy, Finance Minister Steven Joyce said Thursday.
19 hours ago
Manchester police conduct explosion in terror probe
[LONDON] British police investigating the Manchester attack carried out a controlled explosion at an address in the south of the city early Thursday.
20 hours ago
Hot stock: Vallianz shares edge higher by 12% on news of settlement agreements
Anita Gabriel - SHARES of Vallianz Holdings which resumed trading on Thursday morning rose 0.2 Singapore cent or nearly 12 per cent to 1.9 Singapore cents as at 9.57 am.
20 hours ago
A tiny island off Singapore may hold keys to energy's future
[SINGAPORE] On a small island off the southern coast of Singapore, a French energy company is experimenting with what it hopes will be the future of renewable power storage.
20 hours ago
Moody's China downgrade 'illogical', overstates debt: People's Daily
Today - SHANGHAI - The decision by Moody's Investors Service to downgrade China's credit rating is "illogical" and overstates the levels of government debt, a commerce ministry researcher said in an editorial in the official People's Daily newspaper on Thursday. ...
20 hours ago
Hong Kong: Stocks open up after US record
[HONG KONG] Hong Kong stocks opened higher on Thursday, pushing gains into a fourth straight day after a Wall Street record as minutes from the Federal Reserve's latest policy meeting pointed to a June rate hike and indicated a healthy US economy.
20 hours ago
Digital tokens unlock stakes in blockchain as ICOs proliferate
[MADRID] It's too late to invest in Airbnb Inc but a company that bills itself as the Airbnb of cloud computer storage is raising cash - and anyone with an Internet connection can get in on the action.
20 hours ago
NRA Capital: Addvalue Making the Quantum Leap to Space
NRA Capital - Addvalue Technologies Limited (Addvalue) announced on 12 April that it will be raising about S$6.0m to fund its space programme. It turned out that Addvalue has successfully tested a 20x10x10 cm terminal that when installed in low earth orbiting (LEO) satellites.
20 hours ago
San Francisco goes from first to worst in US home-price gauge
[BOSTON] San Francisco, which in recent years had the biggest home-price gain in the US, was the country's weakest market in the first quarter, with values falling for the first time since 2011.
20 hours ago
Australia cuts return target for Future Fund
[SYDNEY] The Australian government said on Thursday it has lowered the investment return target for its sovereign wealth manager Future Fund by 0.5 percentage points citing difficult global market conditions.
20 hours ago
Bank of Korea keeps rates unchanged for 11th month, in line with forecasts
[SEOUL] South Korea's central bank kept interest rates unchanged for a 11th straight month on Thursday, opting for stability in its first policy review since President Moon Jae In's inauguration.
20 hours ago
Oil prices rise in anticipation of extended OPEC-led production cut
Today - SINGAPORE - Oil prices rose by one percent ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month cut in the first half of this year. Brent crude futures...
20 hours ago
Facebook signs BuzzFeed, Vox, others for original video shows: Sources
NEW YORK: Facebook Inc has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks, according to several sources familiar .. ...
20 hours ago
Daily Markets Briefing: STI up 0.27%
Tim Charlton - Expect more gains today. The Straits Times Index (STI) ended 8.55 points or 0.27% higher to 3231.24 on Wednesday, taking the year-to-date performance to +12.17%. According to SGX Market Summary, the top active stocks were Singtel, which declined 0.27%, DBS, which closed unchanged, UOB, which gained ...
20 hours ago
Daily Briefing: Singapore's Q1 GDP up 2.7%; Ex-trader fined over 1MDB saga
Tim Charlton - And here's what tenants need to know about renting a house in Singapore. read more
20 hours ago
Malaysia: Shares open higher on Thursday
MALAYSIA share prices open higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 3.56 points to 1,774.570.