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 ...






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