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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11 hours ago

Weinstein Co enters talks over potential sale

Today - The Weinstein Company has entered talks for a sale of the bulk of its assets with private equity firm Colony Capital, the two companies said in a statement on Monday. http://reut.rs/2ykT2if The Weinstein Company's co-chairman, Bob Weinstein,...

12 hours ago

US: Stocks rise as oil-linked shares bounce

[NEW YORK] Petroleum-linked shares bounced early Monday on higher oil prices as US stocks rose into record territory ahead of major earnings and housing data releases this week.

12 hours ago

Khazanah selling M$564.9m of CIMB shares

[SINGAPORE] Malaysia's state-owned investment firm Khazanah is selling a M$554.9m-$564.9m (S$177.8m-$181.06m) block in CIMB in the M$6.13-$6.24 per share range.

12 hours ago

U.S. top court to review antitrust claims against American Express

Today - WASHINGTON - The U.S. Supreme Court on Monday agreed to decide whether American Express Co is violating federal antitrust law by forbidding merchants that accept its credit cards from encouraging customers to use rival cards that charge lower...

12 hours ago

Wall Street hits fresh records on financial, tech gains

Major Wall Street indexes hit fresh records at the open on Monday on gains in financial and technology stocks even as investors awaited a slew of earnings reports this week.

12 hours ago

US top court to review antitrust claims against American Express

The U.S. Supreme Court on Monday agreed to decide whether American Express Co is violating federal antitrust law by forbidding merchants that accept its credit cards from encouraging customers to use rival cards that charge lower fees.

12 hours ago

Thai hotels booked up ahead of funeral of revered king

[BANGKOK] Hotels in Bangkok's bustling old town, home to a backpacker enclave favoured by foreign tourists, are booked up as Thailand prepares to host the lavish funeral of its revered King Bhumibol Adulyadej next week, the hotel association said on Monday.

12 hours ago

Ukraine goes to WTO over Russian ban on booze, presidential sweets

Today - KIEV/GENEVA - Ukraine has filed a World Trade Organization complaint challenging Russian trade restrictions on beer, vodka, juice, wallpaper and a product close to President Petro Poroshenko's heart: confectionery. The Economy Ministry said it...

13 hours ago

Slowing demand growth to push big oil from cars to chemicals

[LONDON] Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world's biggest energy companies to accelerate the shift to natural gas and chemicals, according to consultant Wood Mackenzie Ltd.

13 hours ago

Facebook helps children to fight cyber bullying in UK schools

[LONDON] Facebook said on Monday it would fund young "digital safety ambassadors" in every secondary school in Britain to help students tackle cyber bullying and other online dangers.

13 hours ago

BlackBerry shares down after another top exec leaves

Today - BlackBerry's U.S.-listed shares fell almost 4 percent to $11.12 on Monday after a second senior executive from its licensing unit quit this month. Victor Schubert, a licensing director for BlackBerry, said on Friday...

14 hours ago

Jakarta inaugurates new governor after divisive campaign

[JAKARTA] Jakarta swore in a new Muslim governor Monday after a divisive election campaign marked by mass protests against his Christian opponent which raised fears for pluralism in Indonesia.

14 hours ago

Keppel Infrastructure Trust responds to report on cable sale; posts dip in Q3 profit

Lee Meixian - THE manager of Keppel Infrastructure Trust (KIT) on Monday responded to an article in The Australian claiming that the trust's underwater cable linking Tasmania's hydro power-dependent grid to the mainland is up for sale. This is owned by KIT's wholly-owned subsidiary, Basslink.

14 hours ago

Private home sales up 29% in September

Today - SINGAPORE - New private home sales rose 29.1 per cent in September from a year ago, further reflecting a recovery in the property market. Data released by the Urban Redevelopment Authority (URA) on Monday (Oct 16) showed that developers sold 657 new private...

14 hours ago

Temasek International, Fullerton make key appointments

Tanu Pandey - Temasek Holdings-owned Fullerton has appointed Jenny Sofian as CEO The post Temasek International, Fullerton make key appointments appeared first on DealStreetAsia.

14 hours ago

U.S. stock futures inch up as earnings head for higher gear

Today - U.S. stock index futures pointed to a slightly positive start for Wall Street on Monday as investors pondered a solid initial round of third quarter company earnings and awaited a further flood of results this week....

15 hours ago

North-South Line tunnel flooding was preventable, says Khaw

PC Lee - SINGAPORE (Oct 16): Poor maintenance of the stormwater sump pits led to the major North-South Line (NSL) tunnel flooding incident two weekends ago, said Transport Minister Khaw Boon Wan in a public briefing on the matter. Khaw said there were standard anti-flooding systems with huge stormwater sump ...

15 hours ago

SingNet slapped with $500,000 fine for Dec 3 broadband service disruption

Samantha Chiew - SINGAPORE (Oct 16): The Infocomm Media Development Authority (IMDA) today announced that it has imposed a $500,000 financial penalty on SingNet, a subsidiary internet service provider of SingTel, for a fibre broadband service disruption that occurred on Dec 3, 2016. The disruption caused SingNet to ...

15 hours ago

Keppel Infrastructure Trust reports flat 3Q DPU of 0.93 cent

Stanislaus Jude Chan - SINGAPORE (Oct 16): The trustee-manager of Keppel Infrastructure Trust (KIT) has declared distribution per unit (DPU) of 0.93 cent for the 3Q ended September, unchanged from a year ago. Group revenue for 3Q17 was flat at $160.3 million, as lower revenue from the concessions, Basslink, and CityNet wa ...

15 hours ago

CapBridge raises S$4m in new funding from SGX, Tim Draper

Jacquelyn Cheok - CAPBRIDGE, a Singapore-based platform that helps emerging growth companies raise funds for growth, said on Monday that it has raised over S$4 million in a new funding round to enhance its online platform.

15 hours ago

Lufthansa offers 500 million euros for Alitalia's planes and staff: paper

Today - ROME - German airline Lufthansa has offered 500 million euros ($590 million) to acquire the planes, airport runway slots and air crew of Italy's ailing national carrier Alitalia [CAITLA.UL], the newspaper Corriere della Sera said on Monday. ...

15 hours ago

Daily Debrief: What Happened Today

15 hours ago

Toyota to test self-driving, talking cars by about 2020

Today - TOKYO - Toyota Motor Corp on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms to develop new vehicles. ...

16 hours ago

Pacific Radiance to kick off restructuring of S$100m notes

Tan Hwee Hwee - PACIFIC Radiance is set to commence restructuring of S$100 million medium-term notes after receiving expressions of interests from potential investors and securing a temporary suspension on certain bank debt obligations.

16 hours ago

Pacific Radiance to kick off restructuring of S$100 m notes

Tan Hwee Hwee - PACIFIC Radiance is set to commence restructuring of S$100 million medium-term notes after receiving expressions of interests from potential investors and securing a temporary suspension on certain bank debt obligations.

16 hours ago

Keppel DC Reit's Q3 DPU up 16.8%

Stephanie Luo - MAINBOARD-LISTED Keppel DC Reit posted on Monday a 16.8 per cent rise in its Q3 distribution per unit (DPU) to 1.74 Singapore cents as acquisitions and rental income helped to lift earnings.

16 hours ago

Trendlines Medical Singapore makes investment in medical startup firm

Nisha Ramchandani - MEDICAL technology startup incubator Trendlines Medical Singapore and its wholly owned subsidiary company, Trendlines Incubators Israel, have made an aggregate investment of US$60,000 in InterVaal, a medical device startup company.

16 hours ago

Keppel DC REIT's 9M DPU rises 4.2% to 5.22 cents

Michelle Zhu - SINGAPORE (Oct 16): The manager of Keppel DC REIT has announced a 9M17 adjusted DPU of 5.22 cents, excluding the one-off capital distribution that arose from the Keppel DC Singapore 3 acquisition in January. This represents a 4.2% growth from 9M16’s adjusted DPU of 5.01 cents after adjusting for ...

16 hours ago

SIA group passenger load factor improves to 80.8% in Sept

Stanislaus Jude Chan - SINGAPORE (Oct 16): Singapore Airlines (SIA) saw its group-wide passenger load factor (PLF) improve by 2.9 percentage points to 80.8% in September. According to the latest operational performance statistics released Monday by SIA Group, passenger carriage increased 8.3% compared to last year, outpac ...

16 hours ago

Daimler takes first steps on new structure for cars and trucks

Today - BERLIN - Daimler said it has taken the first steps towards a new structure that could see its Mercedes Benz cars and vans and its Daimler Trucks divisions split off into separate entities. Chief Executive Dieter Zetsche had...

16 hours ago

Hiap Seng Engineering secures three contracts worth S$52m

Lynette Khoo - HIAP Seng Engineering Ltd said it has secured three contracts worth S$52 million in Singapore and Thailand.

16 hours ago

SingNet fined S$500,000 by IMDA for service disruption in December 2016

Jacquelyn Cheok - INTERNET service provider SingNet has been fined S$500,000 by the Infocomm Media Development Authority (IMDA) for the fibre broadband service disruption which occurred on Dec 3 last year.

16 hours ago

M1 posts 4.9% decline in 3Q earnings to $32.7 mil

Samantha Chiew - SINGAPORE (Oct 16): M1 reported a nearly 5% dip in 3Q17 ended Sept earnings to $32.7 million from $34.4 million in 3Q16 a year ago, mainly due to higher depreciation and interest expenses. This brings 9M earnings to $101.5 million, down 13% from a year ago. Total operating revenue increased 1% to $2 ...

16 hours ago

M1 Q3 net profit down 4.8% to S$32.7m

Jacquelyn Cheok - M1 on Monday announced a 4.8 per cent fall in net profit after tax to S$32.7 million for its third quarter ended Sept 30, 2017 due mainly to higher depreciation and interest expenses.

16 hours ago

Hiap Seng wins three contracts worth $52 mil in Singapore, Thailand

PC Lee - SINGAPORE (Oct 16): Hiap Seng Engineering says it has won three contracts worth $52 million in Singapore and Thailand. The first contract awarded by Sembcorp Project Engineering Company requires the integrated engineering group to provide engineering, procurement, and construction (EPC) works for a ...

16 hours ago

STI extends rally by 4 points in firm session

Claire Huang - REGIONAL indices rallied on Monday on the back of China's rosy growth outlook and a surge in oil prices.