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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2 days ago
Australia shares dragged lower by financials; NZ hits record high
[BENGALURU] Australian shares finished below 6,000 points on Friday, dragged lower by banks as the country's largest lender faced new claims from the financial crimes watchdog.
2 days ago
Cambodia's Hun Sen challenges EU and US to freeze assets
[PHNOM PENH] Cambodian Prime Minister Hun Sen encouraged the United States and European Union on Friday to freeze the assets of Cambodian leaders abroad in response to his government's crackdown on the opposition and civil society.
2 days ago
Seoul: Stocks, won both end the week with gains
[SEOUL] South Korea's Kospi stock index rose on Friday. The Korean won ended trade slightly weaker in the local platform and bond yields fell.
2 days ago
BP to re-enter solar market with 43% stake in Lightsource
[BENGALURU] British oil producer BP said on Friday it would buy a 43 per cent stake in solar energy firm Lightsource for US$200 million, marking its re-entry into solar.
2 days ago
Mugabe visits Singapore hospital on first trip since ouster
[SINGAPORE] Zimbabwe's former president Robert Mugabe, who was ousted from power last month, visited a Singapore hospital Friday during a trip to the city-state for a medical check-up.
2 days ago
Singapore issuers raised $5.66b from 35 IPOs in 2017
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No It's the highest in 13 years. Singapore issuers smashed a 13-year record when they raised $5.66b (US$4.2b) from 35 initial public offerings (IPO) in both domestic and international exchanges, Ernst & Young LLP (EY) revealed. According ...
2 days ago
Tokyo's Nikkei index closes lower for fourth straight day
[TOKYO] Tokyo's bellwether Nikkei stock index fell for the fourth consecutive session on Friday as fresh doubts about US tax cut plans outweighed a robust business confidence survey.
2 days ago
Private home sales fall 8.7% year-on-year in November
SEAN HENDERSON - SINGAPORE: Sales of new private homes fell 8.7 per cent in November compared to the same period a year ago, according to data released by the Urban Redevelopment Authority (URA) on Friday (Dec 15).  Excluding executive condominiums (ECs), developers sold 785 units last month, compared with 860 ...
2 days ago
Singapore M&A activity up 3.9% to $119.82b in 2017
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No 18 deals above US$1b had a total value of US$46.2b. Singapore's overall merger & acquisition (M&A) activity in 2017 rose 3.9% YoY to $119.82b (US$89b), the highest so far since 2014. According to Thomson Reuters data, the average M ...
2 days ago
Oxley buys Vista Park for $418m
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No It intends to redevelop the property and upgrade its 99-year lease. Oxley Holdings Limited (Oxley), through its subsidiary Oxley Spinel Pte. Ltd., bought all strata lots and common property in Vista Park for $418m. According to an announc ...
2 days ago
South Korea outraged by journalist beating in China
[SEOUL] South Korean news media on Friday expressed anger and outrage after Chinese security guards beat and severely injured a South Korean photojournalist covering President Moon Jae-In's visit to Beijing.
2 days ago
Turning coal into bitcoin? Dirty secret of 2017's hottest market
[LONDON] Bitcoin has a dirty secret.
2 days ago
UEL's cash offer for WBL helps Yanlord Perennial recover capital in 'more cautious' approach: report
Marissa Lee - BY using United Engineers (UE) to make a cash offer for WBL, the Yanlord Perennial consortium, which took control of UE and bought a small stake in WBL in July, appears to be taking a more cautious approach to its recent investment.
2 days ago
China quietly building more facilities in the South China Sea
[TOKYO] China has begun work or completed building infrastructure on about 29 hectares of land on outposts in the South China Sea this year, according to a report by the Washington-based Asia Maritime Transparency Initiative.
2 days ago
Singapore shares begin afternoon trading on negative ground; STI at 3,417.05
Kenneth Lim - SINGAPORE shares resumed trading on Friday afternoon in negative territory with the Straits Times Index at 3,417.05, down 0.55 per cent, or 18.73 points, on the day as at 1.01pm.
2 days ago
Sea change: LNG tankers divert to China as winter gas shortage bites
[SINGAPORE] Liquefied natural gas (LNG) is being re-exported to China from Japan and tankers are being diverted from as far away as Brazil, with traders rushing to find cargoes in the face of a supply crunch in the world's No 2 economy as winter bites.
2 days ago
Developers sell 785 private homes excluding ECs in Nov, up from 760 units in Oct: URA
Kalpana Rashiwala - DEVELOPERS sold 785 private homes in November 2017, slightly higher than the 760 units they moved in the previous month, but lower than the 860 units sold in November last year.
2 days ago
China lifts pledge financing ceiling to prevent settlement risks
[SHANGHAI] China's central bank announced on Friday new rules that will raise the ceiling of automatic pledge financing to lenders in a bid to improve efficiency and ward off risks in the country's payment and settlement system.
2 days ago
MAS tightens safeguard against excessive unsecured borrowing
Lorna Tan - COME Jan 1, there will be a new measure to help borrowers avoid accumulating excessive unsecured debts.
2 days ago
Interra places out 13.6% stake at S$0.059 per share
Kenneth Lim - AN existing business partner of Interra Resources is buying a 13.6 per cent stake in the oil and gas production company for US$3.48 million, or S$0.059 per share.
2 days ago
Nine in 10 Singapore SMEs successful in securing debt financing: survey
Anita Gabriel - ABOUT 13 per cent of Singapore's small and medium enterprises (SMEs) sought external financing in the past year and a bulk or 90 per cent of them were successful in their applications for debt financing, according to a latest survey by Spring Singapore.
2 days ago
Oracle shares tumble as cloud outlook darkens
[BENGALURU] Oracle Corp on Thursday forecast current-quarter cloud revenue growth that missed Street expectations after reporting disappointing second-quarter sales in the same business, sending its shares down nearly 7 per cent after hours.
2 days ago
SIA and SilkAir to unveil new airfare prices in January
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No They revamped rules to advance seat selection and mileage accrual rates. Singapore Airlines (SIA) and SilkAir will be introducing a new airfare pricing structure on 20 January 2018. According to a press release, the new pricing system will hav ...
2 days ago
URA to gazette National Aerated Water Factory building for conservation
Kenneth Lim - THE main building of the former National Aerated Water Factory at 1177 Serangoon Road will be gazetted for conservation, Singapore's Urban Redevelopment Authority (URA) announced on Friday.
2 days ago
ESR-REIT's largest acquisition to date a positive move: DBS
PC Lee - SINGAPORE (Dec 15): DBS Group is maintaining ESR-REIT at 'buy' with 62 cents target price after making its largest acquisition to date. ESR-REIT's manager on Wednesday night announced it had entered into an agreement to acquire an 80% stake in 7000 Ang Mo Kio Ave 5 for $240 million. See: ESR-REIT ac ...
2 days ago
South Korea: Stocks step up, won weaker
[SEOUL] South Korea's Kospi stock index rose on Friday. The Korean won fell in the local platform while bond yields rose.
2 days ago
With top-end videos, Quincy Jones opens 'Netflix of jazz'
[PARIS] Calling it the "Netflix of jazz", legendary producer Quincy Jones is rolling out Qwest TV, a first global platform dedicated to on-demand jazz videos.
2 days ago
Singapore Airlines, SilkAir to introduce new fare types
Chai Wai Fook - SINGAPORE: New fare types affecting advance seat selection, frequent flyer miles and baggage allowance will be introduced next year by Singapore Airlines and SilkAir, the airlines announced in a joint media release on Friday (Dec 15). The new fare types will be introduced on Jan 20 next year for ...
2 days ago
Indonesia's Go-Jek acquires 3 fintech firms to boost payment services
[JAKARTA] Indonesia's Go-Jek has acquired three financial technology businesses, as it expands from ride-hailing and other mobile on-demand offerings into payments and other services.
2 days ago
Indonesia's Go-Jek acquires 3 firms to boost payment services
[JAKARTA] Indonesia's Go-Jek has acquired three financial technology businesses, as it expands from ride-hailing and other mobile on-demand offerings into payments and other services.
2 days ago
Indonesia posts trade surplus for fourth straight month in November
[JAKARTA] Indonesia posted a trade surplus for a fourth consecutive month in November, the statistics bureau said on Friday, although narrower than expected.
2 days ago
Asian markets slip with Wall Street as tax reform fears bite
[HONG KONG] Asian markets mostly headed into the weekend with losses on Friday following a sell-off on Wall Street as traders fear US lawmakers will fail to pass much-vaunted tax cuts.
2 days ago
Australia, NZ dollars hold gains as US dollar backtracks
[SYDNEY] The Australian and New Zealand dollars held near multi-week highs on Friday, both buoyed by positive economic news at home and market expectations for only gradual further rate rises in the United States.
2 days ago
Still 'plenty of money to be made' from markets, say experts
Sharanya Pillai - SINGAPORE (Dec 18): Despite a big run in global stock markets this year and clear indications that interest rates are on an upward trajectory, there is still plenty of money to be made if investors focus on the right sectors and keep an eye on valuations. That is the broad consensus of the four spea ...
2 days ago
US dollar stutters on wrangling over tax bill, euro hit by ECB stance
[TOKYO] The US dollar was on the defensive on Friday after wrangling over a bill to change the US tax code dented confidence, while the euro sagged after the European Central Bank signalled it would maintain stimulus for as long as needed.
2 days ago
Fees for advanced seat selection in new fare structure for SIA, SilkAir from January 2018
Anita Gabriel - COME Jan 20, Singapore Airlines and SilkAir will start charging some Economy Class passengers for advance seat selection.