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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18 hours ago
SGX rejects BlackGold's application for 3rd extension of time to hold AGM
Claudia Chong - BLACKGOLD Natural Resources is now working towards holding its FY2018 annual general meeting by Oct 31 after the Singapore Exchange (SGX) rejected its application for a third extension of time.
18 hours ago
Explainer: Brexit deal emerging or not? Latest in Britain-EU talks
Jamie Lee - The European Union has pushed back against British Prime Minister Boris Johnson's assertion that a new Brexit deal was in the making.
18 hours ago
Wall Street drops at open; Fed in focus
Jamie Lee - U.S. stock index futures edged lower on Tuesday as the focus shifted away from weekend bombings on Saudi Arabia's main oil refinery to the Federal Reserve's two-day policy meeting, where it is widely expected to cut interest rates.
18 hours ago
Mapletree Logistics Trust to buy Australia warehouse for A$18.4m
Claudia Chong - MAPLETREE Logistics Trust (MLT) has entered into a conditional forward purchase agreement to acquire a warehouse in Australia for A$18.4 million (S$17.4 million) from Wooreddy Investments.
18 hours ago
Cloud firm Datadog looks to raise about US$718 million in IPO
Rachel Mui - REUTERS: Datadog Inc said on Tuesday it was looking to raise about US$718 million in an initial public offering that could value the data analytics and cloud monitoring company at more than US$7 billion. Datadog counts companies such as Biogen, Comcast, Deloitte and Twitter among its customers and . ...
18 hours ago
US manufacturing production rebounds in August
Rachel Mui - U.S. manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production, but the outlook for factories remains weak against the backdrop of trade tensions and slowing global economies.
18 hours ago
ECB's Villeroy tells Facebook that Libra faces tough scrutiny
Rachel Mui - European Central Bank board member Francois Villeroy de Galhau said on Tuesday that "stablecoins" like Facebook’s Libra highlight gaps in rules and the media giant's payments project faced a tough regulatory approach.
18 hours ago
Apple says US$14 billion EU tax order 'defies reality and common sense'
Rachel Mui - The European Union's order to Apple to pay 13 billion euros (US$14 billion) in back taxes "defies reality and common sense", the U.S. firm said as the two sides sparred in a case key to the EU's crackdown on sweetheart deals to multinationals.
18 hours ago
StarHub investigating issues with Internet access as users report outage across Singapore
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19 hours ago
Number of S’pore organisations in breach of personal data protection laws hits new high: Study
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19 hours ago
Trump's Fed pick, Shelton, calls for Fed coordination with White House
Navin Sregantan - Judy Shelton, US President Donald Trump's pick to fill a vacant seat at the Federal Reserve, downplayed the independence of the central bank on Tuesday and called on the Fed to work more closely with the White House, an approach that would upend how it currently conducts monetary policy.
19 hours ago
Police investigating pair who wore anti-death penalty T-shirts at Yellow Ribbon Prison Run
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19 hours ago
Reefknot, SGInnovate launch think-tank for logistics industry
Olivia Poh - REEFKNOT Investments, a venture capital fund jointly backed by Temasek and Kuehne + Nagel, has launched a think-tank with industry partners to spur innovation in the global supply chain and logistics sector.
19 hours ago
No obligation for substantial shareholders to make general offer: Sing Investments
Lee Meixian - THE board of Sing Investments & Finance on Monday clarified that its substantial shareholders and persons acting in concert as a whole held more than 30 per cent of the voting rights of the company as at March 2, 2018 and March 1, 2019.
20 hours ago
Chipotle adds new menu item nationwide, first time in three years
Navin Sregantan - Chipotle Mexican Grill Inc said on Tuesday it would add a new item to its menu nationwide for the first time in three years, as the Mexican food chain looks to drive sales in a crowded U.S restaurant market.
20 hours ago
Sony rejects Loeb's proposal for chip business spin-off
Sony Corp said on Tuesday it was rejecting a call by Daniel Loeb's activist hedge fund Third Point LLC to spin-off its chips business, saying that the business is "a crucial growth driver" for the Japanese company.
20 hours ago
TSMP Law expands team, sets up compliance consulting firm
Claudia Chong - SINGAPORE law firm TSMP Law is strengthening its capabilities on several fronts with a second senior counsel, an expanded regulatory offering, and a newly established compliance consulting firm.
20 hours ago
Futures tick lower as Fed policy meeting looms
Ng Ren Jye - U.S. stock index futures edged lower on Tuesday as the focus shifted away from weekend bombings on Saudi Arabia's main oil refinery to the Federal Reserve's two-day policy meeting, where it is widely expected to cut interest rates.
20 hours ago
Size matters. Big US farms get even bigger amid China trade war
As the 2018 harvest approached, North Dakota farmer Mike Appert had a problem - too many soybeans and nowhere to put them. Selling was a bad option. Prices were near decade lows as U.S. President Donald Trump's trade war with China weighed heavily on the market. Temporary storage would only buy him ...
20 hours ago
IHH Healthcare to acquire private hospital in Malaysia for $336 mil
Stanislaus Jude Chan - SINGAPORE (Sept 17): IHH Healthcare is seeking to strengthen its position in Malaysia with the proposed acquisition of entire issued share capital of Prince Court Medical Centre for RM 1.02 billion ($336 million). In a press release on Tuesday, IHH says its wholly-owned subsidiary, Pantai Holdings, ...
20 hours ago
Oil sheds gains, stocks dip as Fed comes into focus
Claudia Chong - Oil shed some of its gains on Tuesday as the United States raised the possibility of releasing crude reserves, while stocks inched lower as investors waited for this week's Federal Reserve meeting.
20 hours ago
Saudi Aramco pursues IPO planning despite attack damage doubts
RIYADH/LONDON: Saudi Aramco is pressing ahead with its listing plans this week, although some investors and analysts doubt it can now meet its timeline as it has not said when oil output will be restored after attacks on its facilities. Reuters has reported it could take months for Aramco, the ...
20 hours ago
WeWork delays IPO after frosty investor response
Claudia Chong - WeWork owner The We Company said on Monday it expected to complete its initial public offering (IPO) by the end of the year, after walking away from preparations earlier in the day to proceed with it stock market debut this month.
20 hours ago
Armed robbery suspect goes missing during court break, warrant of arrest issued
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20 hours ago
Jail, driving ban for lorry driver who ploughed into bus on Jurong Island Highway injuring 23
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21 hours ago
Singapore shares close 0.7% lower on oil supply uncertainty
Leila Lai - Singapore shares closed lower on Tuesday, as investors awaited clarity on whether the weekend’s attack on Saudi oil facilities will significantly disrupt global oil supplies.
21 hours ago
MapletreeLog Trust enters into agreement to buy Melbourne logistics property for $17.4 mil
Stanislaus Jude Chan - SINGAPORE (Sept 17): The manager of Mapletree Logistics Trust (MLT) announced Tuesday it has entered into a conditional forward purchase agreement for the acquisition of a warehouse in Melbourne, Australia at a property purchase price of A$18.4 million ($17.4 million). The property is a one-storey ...
21 hours ago
Singapore real estate fund manager ARA eyes listing in 2-3 years
SINGAPORE: Warburg Pincus-backed ARA Asset Management, one of the largest Asian real estate fund managers, is exploring a dual stock market listing, including one in Singapore, in the next two to three years, group CEO and co-founder John Lim said.  "A dual listing is a likely scenario. Singapore ...
21 hours ago
Oil declines as market assesses attacks on Saudi facilities
Oil dropped on Tuesday although the market remains on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that cut the kingdom's output in half and sent prices soaring by the most in decades.
22 hours ago
BreadTalk says no EGM to be called for $80 mil Food Junction acquisition
Stanislaus Jude Chan - SINGAPORE (Sept 17): BreadTalk Group has announced that it will not be convening an extraordinary general meeting (EGM) to seek shareholders’ approval for its proposed $80 million acquisition of Food Junction Management. In a bourse filing on Tuesday, BreadTalk says that in response to its waiver ...
22 hours ago
Oil dips after Saudi blasts; Asian markets mixed
Sharon See - Oil prices dipped Tuesday but held most of the previous day's record gains following an attack on Saudi facilities that wiped out half the country's output, with traders nervously awaiting the US response after it said Iran was likely to blame.
22 hours ago
S'pore is 'second-least inclusive workplace', as 24% of workers report being bullied or harassed: Survey
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22 hours ago
ST Engineering boosts satcom anti-jamming capabilities with $28 mil acquisition
PC Lee - SINGAPORE (Sept 17): ST Engineering is adding satellite communications (satcom) anti-jamming capabilities to its growing arsenal of defence technology. Its US subsidiary iDirect Government has acquired 100% ownership in Glowlink Communications Technology, Inc. Based in Mountain View, California, th ...
22 hours ago
Hot stock: Keppel DC Reit units gain 8% on news of fundraising for acquisitions
Leila Lai - UNITS of Keppel DC Reit rose as much as 7.78 per cent in active trading on Tuesday, following news that it had raised S$478.2 million to partially fund a proposed acquisition of a 99 per cent interest in Keppel DC Singapore 4 and a 100 per cent stake in 1-Net North Data Centre.
22 hours ago
Hazy conditions to persist after PSI breaches ‘unhealthy’ range on Sept 17 afternoon
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22 hours ago
Jail for NTU fresh graduate who filmed men showering; kept hundreds of obscene videos on laptop
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