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
Nokia CEO admits to delays in rolling out 5G
Lee Meixian - Nokia Chief Executive Rajeev Suri said on Tuesday that the company had been a little slow in getting 5G technology up and running, citing merging its own technology plans with those of acquired Alcatel-Lucent as a reason.
16 hours ago
US stocks open higher on Huawei reprieve
Lee Meixian - U.S. stock index futures rose on Tuesday after the United States temporarily eased restrictions on China's Huawei Technologies, allaying investor concerns over a further escalation in a bitter trade war between the two countries.
16 hours ago
Special Report: Hobbling Huawei - Inside the US war on China's tech giant
Lee Meixian - In early 2018, in a complex of low-rise buildings in the Australian capital, a team of government hackers was engaging in a destructive digital war game.
16 hours ago
Futures bounce as US eases restrictions on Huawei
U.S. stock index futures rose on Tuesday after the United States temporarily eased restrictions on China's Huawei Technologies, allaying investor concerns over a further escalation in a bitter trade war between the two countries.
17 hours ago
Smokers not impressed with Singapore’s first outdoor air-con smoking cabin that filters smoke into clean air
youjin.low -
17 hours ago
Huawei founder says US underestimates company
BEIJING: Huawei founder Ren Zhengfei on Tuesday (May 21) shrugged off US attempts to block his company's global ambitions, saying the United States underestimates the telecom giant's strength. Ren spoke to Chinese media days after President Donald Trump issued orders aimed at thwarting Huawei's . ...
17 hours ago
Google and Android system start to cut ties with Huawei
NEW YORK: Alphabet Inc's Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday (May 19), in a blow to the Chinese ...
17 hours ago
Google blocks Huawei’s access to Android updates: What you need to know
SINGAPORE: Google is blocking Huawei from some updates to the Android operating system, in a blow to the world’s second-biggest smartphone maker. The move comes after US President Donald Trump signed an executive order barring US companies from using foreign telecoms equipment deemed a security .. ...
17 hours ago
US delays Huawei ban for 90 days
WASHINGTON: The US government on Monday (May 20) eased some restrictions imposed last week on China's Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences. The US Commerce Department will allow Huawei Technologies to purchase ...
17 hours ago
'Plan B': Huawei's operating system headache after Android ban
Google's decision to partially cut off Huawei devices from its Android operating system has presented the Chinese tech titan with one of its most dramatic challenges yet: how to keep up with the competition if it cannot use the platform that powers nearly every other smartphone in the world?
17 hours ago
Trump's Huawei ban raises hopes for Chinese chip suppliers
Washington's blacklisting of technology giant Huawei has taken a toll on U.S. semiconductor shares, but China-listed firms have rallied as investors bet they can gain from Beijing's stepped-up efforts to build a homegrown supply chain.
17 hours ago
SMC to get higher court to reverse ruling against doctor who was fined S$50,000
siewfern -
17 hours ago
US warns of data threat from Chinese-made drones
Lee Meixian - WASHINGTON: The US Department of Homeland Security has warned US firms of the risks to company data from Chinese-made drones, according to a notice reviewed by Reuters on Monday. The notice, titled "Chinese Manufactured Unmanned Aircraft Systems," warned that US officials have "strong concerns .. ...
17 hours ago
Pacific Radiance JV gets US$2.78m in HK arbitration for failed vessel delivery
Yunita Ong - A JOINT-VENTURE of offshore marine company Pacific Radiance on Friday announced that it has been awarded about US$2.78 million plus interest as part of arbitration against two Chinese shipyard groups, Shanghai Waigaoqiao Shipbuilding & Offshore and China Shipbuilding Trading (Shanghai).
17 hours ago
Global stocks gain as US eases Huawei restrictions
Lee Meixian - Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House's black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing.
18 hours ago
Trump says tariffs making companies leave China, a deal can't be '50-50'
U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a "50-50" deal.
18 hours ago
Home Depot same-store sales misses on wet weather, lumber prices
Lee Meixian - Home Depot Inc missed Wall Street estimates for quarterly same-store sales on Tuesday, hurt by poor weather in February and a steep fall in lumber prices.
18 hours ago
Witness cites 'clerical oversight' as defence alleges lack of anti-money laundering checks
Amala Balakrishner - SINGAPORE (May 21): Prosecution witness Goh Chiu Goik, an assistant manager at Phillip Securities (PSPL), in court on Tuesday said some trading forms that were not correctly filled out because of “clerical oversight” that led to some details not being checked properly. In his cross-examination ...
18 hours ago
Singapore lone exception to Asia’s commercial property slump
Pooja Thakur - Commercial property transactions in the city-state jumped 72% year-on-year to $1.9 billion in the quarter ended March 31, boosted by deals in the office, retail and industrial sectors. The post Singapore lone exception to Asia’s commercial property slump appeared first on DealStreetAsia.
18 hours ago
Trade uncertainty darkens US small caps outlook
Shares of smaller publicly listed U.S. companies have fallen more on recent U.S.-China trade tensions than larger corporations and could face an even rougher road as the year wears on unless the prospects for economic growth improve.
18 hours ago
Hopes for a recovery for Singapore in the second half of 2019 have dimmed: Economists
youjin.low -
18 hours ago
European shares hobbled as worries about Huawei fallout mount
European stocks slipped on Monday as concerns about an escalating fallout from a U.S. crackdown on China's Huawei Technologies offset a slightly more positive tone on trade.
18 hours ago
China-US trade row rattles European stock markets
LONDON: European equity markets slid on Monday (May 20) as investors fretted over the latest flare-up in the China-US trade war. Eurozone heavyweights Frankfurt and Paris were each down around 1.5 per cent at the close, while London held up better. On Wall Street, the Dow Jones index was 100 ...
18 hours ago
Huawei ban fallout hits Nasdaq as US stocks fall
NEW YORK: Shares of technology companies fell sharply on Monday (May 20) in down session for Wall Street after Google began to severe ties with Chinese telecom giant Huawei amid the US-China trade war. The tech-rich Nasdaq Composite Index tumbled 113.91 points (1.46 per cent) to 7,702.38, with ...
18 hours ago
Wall St. slides as Huawei fallout slams tech stocks
U.S. stock index futures fell on Monday, as fears over the impact on major technology companies from Washington's crackdown on China's Huawei Technologies added to concerns over worsening trade dispute between the world's two biggest economies.
18 hours ago
Worries of longer, costlier US-China trade war hits markets
China accused the United States on Monday of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as U.S. action against China's technology giant Huawei began hitting the global tech sector.
18 hours ago
Huawei accuses US of bullying, says working with Google to counter ban
Lee Meixian - Chinese telecoms equipment maker Huawei called itself the victim of U.S. "bullying" on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.
18 hours ago
Merck to buy cancer drug developer Peloton for US$1.05 billion in cash
Merck & Co Inc said on Tuesday it would buy Peloton Therapeutics Inc for US$1.05 billion in cash to gain access to the privately held company's renal cancer drug candidate.
18 hours ago
J.C. Penney posts steeper-than-expected drop in same-store sales
Lee Meixian - J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major appliances and in-store furniture categories, sending its shares down 10per cent in early trading.
18 hours ago
China rare earth firms' stocks soar on trade war speculation
Lee Meixian - Shares in rare earth-related companies in China soared on Tuesday, a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the next front in the Sino-U.S. trade war.
18 hours ago
Kingboard Copper offer closes, company to be delisted
Michelle Quah - THE buyout offer for Kingboard Copper Foil has closed, with the offeror group - Kingboard Laminates and Kingboard Holdings - now owning some 98.5 per cent of the shares issued, having obtained valid acceptances of the offer representing some 10.5 per cent of the shares issued.
18 hours ago
Face ID firm Lumentum follows Google with Huawei ban
Huawei said it would continue to provide security updates and services for its smartphones and tablets after Google said it would comply with an order barring the Chinese company from updates to its Android operating system.
18 hours ago
Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope
From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials.
19 hours ago
Home Depot same-store sales misses on cold weather, weak lumber prices
Marissa Lee - Home Depot Inc missed Wall Street estimates for quarterly same-store sales on Tuesday, hurt by poor weather in February and a steep fall in lumber prices.
19 hours ago
Some major Deutsche Bank investors want chairman to go early: sources
Marissa Lee - Some major investors in Deutsche Bank are demanding a succession plan for the lender's chairman, Paul Achleitner, two people with knowledge of the matter said on Tuesday.
19 hours ago
TODAY's evening brief for Tuesday, May 21
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