Business Headlines & Singapore Stock Market News | SGinvestors.io

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

1
2
3
4
5
6
7
8

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 ...

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 ...

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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 ...

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...

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 ...

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.

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,...

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 ...

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 ...

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.

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.

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.

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.

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...

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 ...

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.

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 .. ...

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.

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.

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.

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 ...

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.

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.

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.

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.

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 .. ...

1
2
3
4
5
6
7
8

Business News & Market Updates |
Business Headlines & Market News | Market Updates By SGX My Gateway | SGX Listed Companies Announcements |

Stocks & REITs Listing |
SGX Listed Stocks | SGX Listed Stocks By Sector | SGX Listed REITs | SGX Listed REITs By Sector |