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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15 hours ago

China probes alleged fraud at Luckin Coffee, banks review IPO work

Fiona Lam - China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc , and sources said some of the banks involved in the Chinese chain's successful US IPO last year were reviewing their work in the listing.

15 hours ago

Fiat Chrysler starts ventilator component output in Italy

Fiat Chrysler (FCA) has begun producing ventilator parts to help Italy's Siare Engineering boost its output of the medical equipment needed to treat patients during the coronavirus crisis, the carmaker said on Friday.

15 hours ago

US dairy farmers dump milk as pandemic upends food markets

Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening.

15 hours ago

Trump to host Big Oil execs at White House to discuss market slump

US President Donald Trump will meet with oil company executives at the White House on Friday to discuss a historic oil-price slump threatening their businesses, brought on by the coronavirus outbreak and a Saudi-Russia price war.

15 hours ago

Perennial Holdings unit secures S$250m loan facility

Olivia Poh - PERENNIAL Treasury, a subsidiary of real-estate developer Perennial Real Estate Holdings, on Friday said it has secured a loan facility of S$250 million.

15 hours ago

OPEC+ debates biggest ever cut as virus destroys oil demand

OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10per cent of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the coronavirus pandemic.

15 hours ago

Covid-19: Essential services may continue, but all other workplace activity to be suspended or errant operators face penalties

asyrafkamil -

16 hours ago

EC World Reit to give out 23.7m yuan in rental rebates; key management and board take 10% pay cut

Olivia Poh - EC World Real Estate Investment Trust (EC World Reit) on Friday said it would provide about 23.7 million yuan (S$4.8 million) in cash rental rebates to tenants within its portfolio to help them cushion the adverse impact of the current Covid-19 crisis.

16 hours ago

All financial institutions to continue operations with reduced on-site staffing: MAS

Jamie Lee - THE Monetary Authority of Singapore (MAS) on Friday said that all financial institutions will continue to operate, although with reduced staffing on their premises, in line with the advisory from the Ministry of Health on maximising telecommuting. 

16 hours ago

STI underperforms regional benchmark indices on Friday

Lee Meixian - The Straits Times Index (STI) ended Friday down 63.74 points or 2.6 per cent at 2,389.29 points, ending the week 5.5 per cent lower than where it started.

16 hours ago

UK facing Depression-style hit as firms slump in March

Britain's economy looks set for a slump that in the short term could be deeper than during the depression of the 1930s, as a survey showed the coronavirus crisis caused a record downturn among services and manufacturing firms in March.

16 hours ago

Trump says 3M 'will have a big price to pay' over face masks

US President Donald Trump slammed 3M Co in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

16 hours ago

When will US economy bottom? Economists hunt for the right view

The economic crisis spawned by the coronavirus pandemic has produced a wave of grim U.S. data, with likely more to come as millions lose jobs, businesses shutter and spending stops.

16 hours ago

Sakae Holdings to hold EGM through live webcast

Olivia Poh - SHAREHOLDERS of sushi restaurant operator Sakae Holdings can watch its extraordinary general meeting (EGM) through a live webcast on April 20, due to restrictions that limit crowd sizes and hence the spread of the Covid-19 virus.

16 hours ago

China probing alleged fraud at Luckin Coffee, banks review IPO work

Olivia Poh - China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc , and sources said some of the banks involved in the Chinese chain's successful US IPO last year were reviewing their work in the listing.

16 hours ago

'Mom & Pop' firms worry they will be squeezed out of small business coronavirus aid

Family-owned restaurants fear they could be pitted against larger competitors, hotel chains and potentially investment funds in a race starting on Friday for a US$349 billion pot of money the U.S. government will offer businesses hard-hit by coronavirus.

16 hours ago

OCBC, Great Eastern defer AGM

Kelly Ng - WITH Singapore on Friday announcing further movement restrictions within the country due to the virus outbreak, OCBC said that its annual general meeting (AGM), originally scheduled for April 30, will be postponed.

16 hours ago

Future dip ahead of payrolls, business activity data

Vivienne Tay - U.S. stock index futures fell on Friday, with investors awaiting data on non-farm payrolls and business activity to assess the extent of the economic hit from the coronavirus.

16 hours ago

Exclusive: Airbus weighs sharp cut in single-aisle jet output - sources

Vivienne Tay - Airbus is studying a sharp cut in narrow-body production rates to accommodate industrial and delivery problems triggered by the coronavirus crisis, three people familiar with the matter said.

17 hours ago

Covid-19: 65 more cases in S'pore, including 17 unlinked cases

asyrafkamil -

17 hours ago

Couple acquitted of murdering 5-year-old son but could face alternative charge

gordon.feeney -

17 hours ago

Why sweetened layoff benefits may be at odds with US loan program

The generous U.S. unemployment benefits rolled out to blunt the economic harm caused by the coronavirus could have an unintended effect: it may actually be an incentive for companies to choose layoffs rather than keep staff on their books.

17 hours ago

Covid-19 workplace closures 'not about business closure', many still able to operate: Chan Chun Sing

Janice Heng - WORKERS in essential services and industries critical to global supply chains - including the manufacturing of semiconductors, biopharmaceuticals, and petrochemicals - may continue going to work, even as Singapore puts in place stricter measures from April 7 till May 4 as a month-long "circuit ...

17 hours ago

Chinese COVID-19 numbers not fake: Berkley Professor

Ng Qi Siang - Amid accusations that Beijing had falsified its COVID-19 numbers, a professor of public health at the University of California Berkley has expressed that he and public health colleagues have few doubts about the accuracy of Chinese statistics. There’s no real reason to doubt Chinese statistics, s ...

17 hours ago

Fed's dilemma: Picking winners for US$4 trillion in credit

When the Federal Reserve polled Wall Street about financial stability risks last fall, "global pandemic" didn't make the list.

18 hours ago

Sunseap 'deep-cleans' office after employee is diagnosed with Covid-19

Olivia Poh - A SUNSEAP employee in Singapore tested positive for Covid-19 on Friday, said Sunseap in a statement.

18 hours ago

Covid-19: School-based mid-year exams cancelled, national exams to go on in June

asyrafkamil -

18 hours ago

Airbus weighs sharp cut in A320-family jet production: sources

Angela Tan - Airbus is studying a sharp cut in narrow-body production rates to accommodate industrial and delivery problems triggered by the coronavirus crisis, three people familiar with the matter said.

18 hours ago

FairPrice stores will remain open 'come what may', says CEO

Vivienne Tay - NTUC FairPrice chief executive Seah Kian Peng assured buyers on Friday that the supermarket chain’s stores will remain open “come what may”.

18 hours ago

European stocks sink as pandemic hits business, oil prices grind higher

Angela Tan - European stock markets sank on Friday, erasing meagre gains for the week, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day's gains on hopes of a global supply cut.

18 hours ago

Singapore to close most workplaces, schools in 'circuit breaker' to curb virus spread

Stanislaus Jude Chan - SINGAPORE (Apr 3): Singapore will impose stricter measures – that will include closing most workplaces and move to full home-based learning in schools – amid rising cases of local coronavirus infections. Stopping short from calling it a lockdown, Prime Minister Lee Hsien Loong said in a speech ...

18 hours ago

Most workplaces must shut from next Tuesday: PM Lee

Fiona Lam - WITH effect from April 7, Singapore will close most workplaces, except for essential services and key economic sectors, Prime Minister Lee Hsien Loong said on Friday.

18 hours ago

Beijing autoshow postponed to September due to virus

Angela Tan - Organisers of the Beijing autoshow, which was scheduled to be held in late-April, said on Friday the event would be held between Sept. 26 and Oct. 5 due to the coronavirus pandamic.

19 hours ago

Non-essential businesses, schools to be shut from April 7 and 8: PM Lee

asyrafkamil -

19 hours ago

More support for Singapore households, businesses to be unveiled next Monday

Fiona Lam - DEPUTY Prime Minister Heng Swee Keat will announce additional support for households and businesses on April 6 in Parliament.

19 hours ago

Korean 5G craze dampened by coronavirus

Reuters - (Apr 3): South Korea is struggling to retain its lead in global next-generation 5G telecom services, as the coronavirus pandemic further cools sentiment of consumers whose interest in the technology has waned due to cost and quality concerns. The Asian nation’s telecom operators, led by SK Tele ...