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
SIA inks codeshare agreement with Eurowings
Staff Reporter - It will provide SIA customers access to 15 routes on Eurowings operated flights. Singapore Airlines (SIA) has finalised a new codeshare agreement with Eurowings, a Dusseldorf-based subsidiary of Star Alliance partner, Lufthansa. The new partnership will provide SIA customers access to 15 routes on ...
16 hours ago
Daily Markets Briefing: STI up 0.43%
Staff Reporter - But don't expect any boost today. The Straits Times Index (STI) ended 13.78 points or 0.43% higher to 3215.55 on Thursday, taking the year-to-date performance to +11.62%. The top active stocks yesterday were Suntec REIT, which gained 1.09%, DBS, which gained 0.20%, Genting Sing, which declined ...
16 hours ago
Hot stocks: UOL, UIC rise after share swap announcement
Cai Haoxiang - PROPERTY firms UOL and UIC rose on Friday after announcing a share swap where investment holding company Haw Par Corporation will sell a significant UIC stake to UOL in exchange for new shares in UOL.
16 hours ago
Malaysia: Shares open higher on Friday
MALAYSIA share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 0.53 points to 1,777.96.
16 hours ago
Hot stock: Noble up 16.5% after Arab-linked substantial shareholder emerges
Cai Haoxiang - BELEAGUERED commodities trader Noble Group was hotly traded on Friday, rising 16.5 per cent to S$0.53 on 11.4 million shares traded by 9.09am.
16 hours ago
Chart of the Day: Ageing population to comprise 1 in 4 of total citizens
Staff Reporter - By 2030, the number of citizens aged 65 and up will double to 900,000. Singapore’s aged population has increased at a faster pace than the rest, this chart from Maybank shows. read more
16 hours ago
Singapore shares open 0.1% down on Friday
Cai Haoxiang - SINGAPORE stocks opened 0.1 per cent lower on Friday, with the Straits Times Index retreating 1.89 points to 3,213.66 as at 9.02am.
16 hours ago
Update: GLP shares dive after FT report on potential bidders dropping out
Cai Haoxiang - WAREHOUSE owner Global Logistic Properties dived 28 cents, or 9.3 per cent, upon the opening bell on Friday.
16 hours ago
GLP halts trading after shares dive on FT report
Cai Haoxiang - WAREHOUSE owner Global Logistic Properties dived 28 cents, or 9.3 per cent, upon the opening bell on Friday.
16 hours ago
Hot stock: GLP down 9.3% after report on bidders dropping out
Cai Haoxiang - WAREHOUSE owner Global Logistic Properties dived 28 cents, or 9.3 per cent, upon the opening bell on Friday.
16 hours ago
US halts Brazil beef imports, citing food safety concerns
[NEW YORK] The United States announced on Thursday a halt to all imports of fresh beef from Brazil, the world's second-largest producer, citing "recurring" food safety concerns.
16 hours ago
Singapore: Qualgro spins out $50m+ ASEAN-focused fund
Shiwen Yap - Qualgro has launched an ASEAN-focused venture fund with a corpus in excess of $50 million that will target investments in data, Enterprise & SME SaaS and fintech. The post Singapore: Qualgro spins out $50m+ ASEAN-focused fund appeared first on DealStreetAsia.
16 hours ago
Cloud-based software provider Deskera makes big India push, in talks raise up to $100m from PE players
Joji Thomas Philip - For Shashank Dixit, founder and chief executive of cloud-based business software provider Deskera, the India opportunity in 2017 will mark the second big instance in the company’s short history where the goods and services tax (GST) roll-out is set to be a game changer. The first such instance was ...
17 hours ago
Singapore billionaire Wee’s firms in share-swap deal
Today - SINGAPORE - UOL Group and Haw Par, two listed companies largely owned by 88-year-old Singapore billionaire Wee Cho Yaw, announced a deal that may make UOL one of the largest owners of commercial space in Singapore. Property investor UOL will sell 27.3 million...
17 hours ago
UOL, Haw Par, UIC, iFAST, Second Chance, Serial System, Secura
PC Lee - SINGAPORE (June 23): Here are some stocks to watch this Friday morning: UOL and Haw Par have entered into a share swap deal for UIC shares. Under the agreement, UOL will allot and issue 27,272,727 new shares to Haw Par in exchange for 60,000,000 UIC shares held by the latter. On completion, UOL’s ...
17 hours ago
Tokyo: Stocks open lower on Friday
[TOKYO] Tokyo stocks opened slightly lower on Friday as troubled airbag supplier Takata rebounded sharply after erasing three quarters of its value on bankruptcy fears.
17 hours ago
The $100 Billion City Next to Singapore Has a Big China Problem
Today - SINGAPORE - The US$100 billion (S$139 billion) city rising from the sea next to Singapore has hit a roadblock: China's capital controls. The dream of a Malaysian version of Shenzhen - largely funded by Chinese developers and buyers - with hotels, offices,...
17 hours ago
iFast launches trading of SGX stocks and ETFs with fees of 0.12% and 0.08% on FSMOne
Samantha Chiew - SINGAPORE (June 23): iFast Financial, a subsidiary of iFast Corp, today launched its stock-dealing services on SGX stocks and ETFs on FSMOne. Investors can now trade in SGX stocks and ETFs at fees of 0.12% and 0.08% respectively, subject to a minimum of $10 per trade. The introduction of SGX-listed ...
17 hours ago
Apple adds Virgin to US carrier lineup as Virgin ditches Android
REUTERS: Apple Inc will soon start selling wireless plans from Virgin Mobile USA, the first new carrier offered by the iPhone maker's since 2013, the companies said on Wednesday (Jun 21). Virgin Mobile USA, a subsidiary of Sprint that licenses its name from the Virgin Group co-founded by Richard ...
17 hours ago
Southeastern Grocers chief to become CEO of Dairy Farm
Cai Haoxiang - SINGAPORE-LISTED Dairy Farm International Holdings Limited, which operates Cold Storage, 7-Eleven and Giant stores here, said its chief executive officer Graham Allan will step down in August after five years of service.
17 hours ago
Michigan airport attacker tried to buy gun: FBI
[Chicago] The man arrested for stabbing a police officer in the neck at a Michigan airport - in what has been classified as a terror incident - had tried but failed to buy a gun, officials said Thursday.
17 hours ago
BlackGold to raise up to S$8.2m from placing 66.7m shares at S$0.123
Cai Haoxiang - CATALIST-LISTED Indonesian coal miner BlackGold Natural Resources said it will place out up to 66.7 million shares at S$0.123 each to raise S$8.2 million.
17 hours ago
North Korea conducts rocket engine test: US official
[WASHINGTON] North Korea has tested a rocket engine that could potentially be fitted to an intercontinental ballistic missile, a US official told AFP on Thursday, amid soaring tensions over Kim Jong Un's nuclear weapons program.
17 hours ago
Toshiba to seek extension on financial filing Friday: Yomiuri
Today - TOKYO - Toshiba Corp plans to ask regulators for an extension for filing its annual financial statement on Friday, the Yomiuri daily reported. The industrial conglomerate had been aiming to file the financial report by end-June but has not been...
17 hours ago
The US$100 bil city next to Singapore has a big China problem
Bloomberg - (June 23): The US$100 billion ($138.7 billion) city rising from the sea next to Singapore has hit a roadblock: China’s capital controls. The dream of a Malaysian version of Shenzhen — largely funded by Chinese developers and buyers — with hotels, offices, golf courses, tech parks and thousands ...
18 hours ago
UOL gains option to buy 60m UIC shares from Haw Par
Cai Haoxiang - PROPERTY play UOL Group is poised to buy investment holding company Haw Par Corporation's stake in another property play, United Industrial Corporation (UIC), via a share swap.
18 hours ago
Bubbling Chinese market centrestage at world wine fest
BORDEAUX: With a middle-class increasingly thirsty for reds, whites and Italian bubbly, China is the hot ticket for wine traders looking for opportunities at this year's Vinexpo industry extravaganza. The world's most populous nation has for years been seen as an El Dorado for foreign wine-makers .. ...
18 hours ago
London startup Blockchain raises US$40m in fresh funding
[SAN FRANCISCO] London-based startup Blockchain has raised US$40 million in a fresh round of funding as the software company rides a wave of enthusiasm for digital currency technology.
18 hours ago
GSK's new CEO aims to divest sports nutrition brand: Source
GlaxoSmithKline Plc's new Chief Executive Officer Emma Walmsley is shaking up the British drugmaker's portfolio of smaller products with plans to divest its MaxiNutrition sports nutrition brand, two people familiar with the matter said on Thursday.
18 hours ago
American Airlines pushes back on Qatar Airways plan to buy stake
The move by Qatar Airways would expand its investments in North America as Qatar is embroiled in the region's worst diplomatic crisis in years.
18 hours ago
US halts fresh Brazil beef imports over safety concerns
CHICAGO: The United States suspended all imports of fresh Brazilian beef on Thursday (Jun 22), the US Department of Agriculture said, after a high percentage of shipments failed to pass US safety checks. The USDA had "recurring concerns about the safety of the products intended for the American ...
19 hours ago
Europe: Health stocks help equities cut losses
[LONDON] A rise in European health stocks helped pull European shares out of negative territory on Thursday, pegged back by the slide in the energy sector on the back of weakened oil prices.
19 hours ago
US top court sets limits to stripping citizenship
[WASHINGTON] President Donald Trump's efforts to tighten the screws on US immigration suffered a blow on Thursday, when the US Supreme Court set more restrictions on the government's ability to strip naturalised Americans of US citizenship.
19 hours ago
US: Health shares boosted as stocks end flat
[NEW YORK] Health and pharma shares moved broadly higher on Thursday after Senate Republicans unveiled a new health reform proposal as US stocks ended little changed.
19 hours ago
Major US banks would withstand recession: Federal Reserve
[WASHINGTON] The largest US banks would withstand a severe recession and still be able to lend to American households and businesses, the Federal Reserve announced Thursday.
19 hours ago
Major US banks would withstand recession: US Fed
WASHINGTON: The largest US banks would withstand a severe recession and still be able to lend to American households and businesses, the Federal Reserve announced on Thursday (Jun 22). The results of the first part of the central bank's so-called stress tests showed 34 major lenders were on solid .. ...