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
Cryptos conceal risk for chipmakers, warns top tech fund manager
THE risk from a cryptocurrency selloff isn't limited to just the virtual money.
11 hours ago
Uber says hello to profit - after saying goodbye to two markets
UBER, which has had a reputation for aggressive pursuit of market share even at the expense of profitability, reported a rare quarterly profit on Wednesday that was driven by taking the opposite approach: Waving the white flag in challenging overseas markets.
11 hours ago
Lenovo posts US$189m loss on one-time write-off
CHINESE technology giant Lenovo on Thursday said it recorded a US$189 million net loss for its full fiscal year due mainly to a one-time charge, while saying it was planning an overhaul to broaden its appeal.
11 hours ago
When dollars and cents become bits and bytes, in BT Weekend
WITH Singaporeans as tech-savvy and mobile-ready as they are, it may come as a surprise that as a country, we aren't all on the digital payments bandwagon. Is it just a matter of time before our dollars turn digital, or is cash still king? Brunch this Saturday in The Business Times Weekend map ...
11 hours ago
Prudential policy holders hit by excess deductions
Tan Hwee Hwee - A NUMBER of policy holders of Prudential Assurance Company Singapore experienced a GIRO deduction in excess of their insurance premiums or a failed GIRO deduction on Thursday.
11 hours ago
Boustead buys entire WhiteRock medical group for S$19m
Wong Kai Yi - BOUSTEAD Singapore announced on Thursday it has entered into a sale-and-purchase agreement with WhiteRock Medical Company (WhiteRock MedCo) to fully acquire WhiteRock Incorporation (WRI), a group of 16 healthcare corporations operating in Singapore, China, Hong Kong, Malaysia and Thailand, for S$19 ...
11 hours ago
Vard to build fishing vessel for Norwegian trawler company
Rachel Mui - SHIPBUILDER Vard Holdings has clinched a contract for the design and construction of a stern fishing trawler for Nergård Havfiske AS in Norway, for about 400 million Norwegian kroner (S$66.5 million).
11 hours ago
Accounting advisory services to grow amid tech disruption
Michelle Quah - ACCOUNTANTS need not fret. A key finding from a new survey has it that automation and technological development may threaten many jobs, but demand for advisory services is expected to grow in the coming years, as businesses battle to manage digital disruption.
11 hours ago
Malaysian timber firm Jawala to raise S$3.15m ahead of SGX listing
Leila Lai - MALAYSIAN sustainable timber company Jawala Inc is seeking to raise S$3.15 million in net proceeds ahead of a listing on the Singapore Exchange's (SGX) Catalist board.
11 hours ago
First Sponsor Group bets on Europe to fuel earnings growth
LESS than four years after its public offering as a play on China's red-hot property market, Singapore's First Sponsor Group Ltd is banking on continental Europe to fuel earnings growth.
11 hours ago
zaobao.sg rolls out new brand campaign
zaobao.sg, the Chinese flagship digital product of Singapore Press Holdings (SPH), will launch a new brand campaign to promote its multi-faceted 3-in-1 digital experience on May 25.
11 hours ago
Corporate digest
MAINBOARD-LISTED Hong Kong DVD maker Swing Media Technology Group said on Thursday that liquidators from PwC had been appointed to facilitate the winding-up of the company in February.
11 hours ago
FEG aims to wrap up US$80m debt revamp in two months' time
Tan Hwee Hwee - SINGAPORE-LISTED Falcon Energy Group (FEG) is looking to complete the restructuring of US$80 million of bank loans in the next two months, managing director P T Tan told The Business Times.
12 hours ago
Brazil close to standstill as truckers press on with strike
Tan Hwee Hwee - BRASILIA: Brazil appeared on the verge of a standstill on the fourth day of a nationwide truckers' strike on Thursday (May 24) as road blockades caused severe shortages of fuel and food, despite a move by the state-owned oil company to defuse the crisis. Airports and gas stations were running out .. ...
12 hours ago
Wall Street dips after Trump cancels North Korea summit; Netflix gains
Tan Hwee Hwee - Worries over U.S. trade protectionism, this time around car imports, weighed on Wall Street's main indexes on Thursday, overshadowing optimism that the Federal Reserve may be more tolerant of rising inflation than previously expected.
12 hours ago
Trump's North Korea move sees Wall Street slide
Tan Hwee Hwee - NEW YORK: A volatile day on Wall Street saw US stocks swing to a negative finish after US President Donald Trump cancelled a planned June summit with North Korean leader Kim Jong Un. The major indices rebounded off the day's lows but were still negative due to falling oil prices and persistent ...
13 hours ago
Dow, S&P 500 edge down after Trump cancels North Korea summit; Netflix gains
Tan Hwee Hwee - Worries over U.S. trade protectionism, this time around car imports, weighed on Wall Street's main indexes on Thursday, overshadowing optimism that the Federal Reserve may be more tolerant of rising inflation than previously expected.
14 hours ago
J&J must pay US$4 million in punitive damages in latest asbestos cancer trial
Tan Hwee Hwee - A California jury on Thursday ordered Johnson & Johnson to pay US$4 million in punitive damages to a woman who said she developed cancer after being exposed to asbestos in the company's baby powder, pushing the total damages award in the case to US$25.7 million.
14 hours ago
Tesla's Musk bashes media, proposes credibility check
Tan Hwee Hwee - Tesla Inc Chief Executive Elon Musk gained the support on Thursday of more than half a million people on Twitter for plans to create a website evaluating journalists' credibility, spurred by his frustration at media reports about the electric car maker.
15 hours ago
Netflix's stock market value eclipses Disney's for first time
Tan Hwee Hwee - Netflix's stock market value ballooned to a record US$153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world's top entertainment company and underscoring a monumental shift by viewers away from cinemas and cable television.
15 hours ago
Electric vehicles seen driving cobalt crunch by mid-2020s
Tan Hwee Hwee - The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in ...
15 hours ago
UAW accuses Musk of threatening Tesla workers over unionization
Tan Hwee Hwee - The United Auto Workers International Union (UAW) has filed a complaint accusing Tesla Inc Chief Executive Elon Musk of illegally threatening to take away benefits from workers who join the union.
15 hours ago
US auto import probe fans tariff fears, riles Asia, Europe
Tan Hwee Hwee - A Trump administration investigation of car and truck imports raised the threat on Thursday of renewed conflict over trade policy for an industry that thrives on stability and sent stocks in Asian and European automakers down.
16 hours ago
Kroger's meal kit deal reheats Blue Apron shares
Tan Hwee Hwee - Shares of Blue Apron climbed on Thursday after Kroger said it was buying Home Chef to broaden its menu in the home meal kit market while stock of Calavo Growers, whose unit partnered with Kroger on another meal kit service, slumped.
16 hours ago
Sanctions-hit tycoon Deripaska asks Kremlin to buy some of his aluminium: source
Tan Hwee Hwee - Russian aluminium producer Rusal has asked the Russian government to purchase some of its output, a government source said on Thursday, in an effort to alleviate the pain inflicted by U.S. sanctions.
17 hours ago
Union accuses Tesla CEO Musk of threatening workers
Tan Hwee Hwee - The United Auto Workers International Union (UAW) has filed a complaint accusing Tesla Inc Chief Executive Elon Musk of illegally threatening to take away benefits from workers who join the union.
17 hours ago
European stocks fall on North Korea, new Trump trade worries
Tan Hwee Hwee - LONDON: Stock markets fell on Thursday (May 24), hit by the decision by US President Donald Trump to call off a planned summit with North Korea, as well as concerns over a new transatlantic trade conflict as the US mulls tariffs on car imports. While share prices in Frankfurt and Paris had been ...
17 hours ago
Rush to comply with new EU data law
17 hours ago
About US$1.2b in cryptocurrency stolen since 2017
18 hours ago
New zaobao.sg brand embodies 3-in-1 digital experience
Tan Hwee Hwee - ZAOBAO.sg, the Chinese flagship digital product of Singapore Press Holdings (SPH), will launch a new brand campaign to promote its multifaceted 3-in-1 digital offering on Friday.
18 hours ago
US auto import probe fans tariff fears, riles Asia, Europe carmakers
Tan Hwee Hwee - A Trump administration investigation of car and truck imports raised the threat on Thursday of renewed conflict over trade policy for an industry that thrives on stability and sent stocks in Asian and European automakers down.
18 hours ago
Ride-hailing firm Go-Jek to enter Singapore, other Southeast Asian markets in next few months
Tan Hwee Hwee - SINGAPORE: Indonesian ride-hailing and online payment firm Go-Jek said on Thursday (May 24) it will enter Singapore, Vietnam, Thailand and the Philippines in the next few months, investing US$500 million in its international push. The move will start with ride-hailing services before expanding to .. ...
18 hours ago
Erroneous deductions affect some Prudential policyholders: MAS
Tan Hwee Hwee - THE Monetary Authority of Singapore (MAS) said Thursday night that some policyholders of Prudential Assurance Company Singapore encountered erroneous deductions from their bank accounts.
18 hours ago
About US$1.2 billion in cryptocurrency stolen since 2017: cybercrime group
Tan Hwee Hwee - Criminals have stolen about US$1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin's popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group released on Thursday.
18 hours ago
Singapore narrows 2018 growth estimate to 2.5-3.5% as Q1 GDP expands faster than expected
Tan Hwee Hwee - The Ministry of Trade and Industry now expects 2018 growth to be between 2.5 per cent to 3.5 per cent, compared with the previous estimate of between 1.5 per cent and 3.5 per cent.
18 hours ago
RHT Health Q4 DPU slips 5.4% to 1.06 Singapore cents
Wong Kai Yi - RHT Health Trust recorded 5.4 per cent lower DPU to 1.06 Singapore cents for its fiscal fourth quarter compared to the previous corresponding period.






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