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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19 hours ago
GE quick takes: SDA calls for stricter hiring of foreigners; PSP seeks full disclosure on reserves
Rachel Chia - SINGAPORE will go to the polls on July 10 in an election that will see 93 seats in 31 constituencies up for contest.
19 hours ago
Google-backed groups criticize Apple's new warnings on user tracking
A group of European digital advertising associations on Friday criticized Apple Inc's plans to require apps to seek additional permission from users before tracking them across other apps and websites.
19 hours ago
Broker's take: KGI 'neutral' on Singapore O&G, cites risks from skin clinic, falling birth rates
Fiona Lam - KGI Securities on Friday initiated coverage on specialist medical and surgical group Singapore O&G (SOG), which caters to women and children, with a “neutral” rating and a 12-month target price of 32 Singapore cents.
19 hours ago
GE2020: PAP’s Heng speaks out against SDP’s ‘bogeyman’, says candidates must have integrity and honesty
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19 hours ago
HSBC pledges to boost more investments in China following political tensions
Bloomberg - (July 3): HSBC Holdings Plc pledged to boost investments in China to capture more wealth and retail clients even as political tension escalates after Beijing launched sweeping new security legislation to crack down on Hong Kong. The bank, which has come under fire over its support for the legislati ...
19 hours ago
Air France unions braced for job cut talks
Tay Peck Gek - The French government on Friday called on Air France to avoid mandatory layoffs as the airline prepared to announce some 7,500 job cuts to cope with a collapse in travel due to the coronavirus pandemic.
19 hours ago
LG Chem to produce Tesla batteries in South Korea this year as demand grows - source
Tay Peck Gek - South Korea's LG Chem Ltd plans to start producing batteries for Tesla Inc vehicles at a domestic factory this year after the U.S. electric carmaker raised orders to cope with demand, a person familiar with the matter said on Friday.
19 hours ago
DBS recommends yield stocks amid gradual recovery
Ng Qi Siang - SINGAPORE (July 3): With interest rates likely to remain low until end 2021 as the economy follows a “U-shaped” or “L-shaped” recovery, DBS analysts Yeo Kee Yan and Janice Chua are recommending investors to load up on yield stocks for the foreseeable future.  “The US COVID-19 resurgence a ...
19 hours ago
Boeing quietly pulls plug on 747 jumbo jets
Bloomberg - (July 3): Boeing Co. hasn’t told employees, but the company is pulling the plug on its hulking 747 jumbo jet, ending a half-century run for the twin-aisle pioneer. The last 747-8 will roll out of a Seattle-area factory in about two years, a decision that hasn’t been reported but can be teased o ...
20 hours ago
GM's China sales drop 5per cent in second quarter, underperforms industry recovery
General Motors Co's vehicle sales in China dropped 5.3per cent between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world's biggest auto market.
20 hours ago
Lebanon's IMF talks on hold, finance minister says
Tay Peck Gek - BEIRUT: Lebanon's talks with the IMF are on hold pending the start of economic reforms and agreement on the Lebanese side on a common approach for calculating losses, Finance Minister Ghazi Wazni said on Friday (Jul 3). Wazni will remain in contact with the IMF until the talks resume, he said in .. ...
20 hours ago
169 new Covid-19 cases in Singapore, including 11 in the community and 3 imported cases
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20 hours ago
Corporate debt defaults spike in Jan-May this year, exceeding 2019 total: Fitch Ratings
Fiona Lam - GLOBAL corporate defaults have seen a "dramatic increase" as the economic crisis from the coronavirus pandemic dealt a body blow to companies around the world, Fitch Ratings said.
20 hours ago
The battle for Bollywood: COVID-19, streaming apps spark fears for cinemas
Angela Tan - A Bollywood actor's face tattooed on his arm, Sandeep Bacche's devotion shocks few in India where stars enjoy semi-divine status. But even here the hallowed silver screen may be losing its shine to streaming services and pandemic fears.
20 hours ago
RHB is bullish on the semiconductor industry
Samantha Chiew - SINGAPORE (July 3): RHB Group Research is keeping its “overweight” rating on the technology sector as the semiconductor industry is expected to see a recovery. Sustained capital equipment spending and the global memory rebound can be expected for 2H20, too. In a Friday report, lead analyst Jaric ...
20 hours ago
Covid-19: Hotels can now apply to Govt to accept staycation bookings, subject to safety rules
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20 hours ago
Nissan's China sales grew 4.5per cent in June
Angela Tan - Japanese automaker Nissan Motor said on Friday its sales in China grew 4.5per cent in June from a year earlier to 136,929 vehicles, as the world's biggest auto market recovered from its coronavirus low.
21 hours ago
Fiat Chrysler considering options to cut amount of cash dividend in PSA merger: paper
Angela Tan - Fiat Chrysler is considering options to reduce a planned cash payout to its shareholders which is part of its tie-up agreement with France's PSA , including spinning off assets, Italian daily Il Sole 24 Ore said on Friday.
21 hours ago
Asian shares hit four-month high as US, China recoveries gather pace
Asian shares rallied to a four-month high on Friday on robust U.S. payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the United States kept a lid on further risk-taking.
21 hours ago
GE2020: PAP should not try to ‘fool, frighten’ voters about change in Govt, says Tan Cheng Bock
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21 hours ago
Intel to invest US$255 million in Reliance's digital unit Jio Platforms
Angela Tan - Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39per cent stake in its digital unit, Jio Platforms, for 18.95 billion rupees (US$253.55 million).
21 hours ago
HSBC to invest further in China amid political strife over Hong Kong law
Angela Tan - HSBC Holdings Plc said on Friday it would make new investments in its wealth management and insurance operations in mainland China.
21 hours ago
Retail sales continues decline with historic 52.1% plunge in May due to 'circuit breaker' measures
Amala Balakrishner - SINGAPORE (July 3): Singapore’s total retail sales value deepened its plummet by 52.1% year-on-year in May, due to the ‘circuit breaker’ measures which restricted the operations of non-essential services throughout the month. This is deterioration from the 40.5% contraction registered in April ...
21 hours ago
Acra rejects BDO's application to resign as Mirach Energy auditor
Vivienne Tay - THE Accounting and Corporate Regulatory Authority (Acra) has rejected BDO's application to resign as auditor of Mirach Energy and the latter's wholly-owned subsidiary Mirach HP Management Pte Ltd.
21 hours ago
Tencent launches new US game studio for global appeal
Tencent Holdings, China's biggest social media and video game company, launched a new California-based studio this week, as it looks to further expand its presence overseas.
21 hours ago
Hotel stays, recreation areas for children may resume upon hotels’ successful applications: STB
Felicia Tan - SINGAPORE (July 3): The Singapore Tourism Board (STB) says that it has drawn up safe management measures (SMMs) with the Ministry of Trade and Industry (MTI), Enterprise Singapore (ESG), and the Ministry of Health (MOH) for hotels on Friday. Under the SMM, hotels, which include migrant worker decant ...
21 hours ago
Intel to invest US$253 million in Reliance's digital unit
Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39per cent stake in its digital unit, Jio Platforms, for 18.95 billion rupees (US$253.55 million).
22 hours ago
GE2020: Govt should ‘make clear’ fiscal projections so public can assess need for GST hike, says WP’s Pritam Singh
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22 hours ago
Singapore retail sales notch record 52.1% drop in May on 'circuit-breaker' fallout
Annabeth Leow - SINGAPORE retail sales plummeted by a record degree in May, as the second month of the national “circuit breaker” extended the sector’s losses.
22 hours ago
GE2020: PM Lee joins new PAP candidate Yip Hon Weng on Yio Chu Kang walkabout
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22 hours ago
GE2020: Candidates for constituencies including Aljunied, Ang Mo Kio and Bukit Panjang to kick off political broadcasts on July 3
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22 hours ago
DBS, Schroders launch multi-asset fund for retirement income planning
Rachel Chia - DBS and Schroder Investment Management Singapore (Schroders Singapore) on Friday announced the launch of a multi-asset fund for retirement income planning, named Schroder Asia More+.
22 hours ago
Singaporeans eagerly awaiting the green light to travel
Staff Reporter - Uploaded By:  Shafiqul Bashar Submitted By:  Staff Reporter Case Study:  No As many as seven in 10 Singaporeans say they are willing to travel the moment border restrictions are lifted. More than half of Singaporeans say they are looking forward to travel to their preferred destinati ...
22 hours ago
Covid-19 pushes Singaporeans to shift to online banking
Samantha Chiew - SINGAPORE (July 3): The Covid-19 pandemic has forced many to stay at home with lockdowns occurring globally. With that, many had to turn to online services to get things done. According to financial literacy platform SingSaver, Singaporeans have been seen embracing more digital services when taking ...
22 hours ago
Luckin Coffee sticks by chairman despite scandal over fake sales
Tay Peck Gek - Embattled coffee chain Luckin Coffee has decided against ousting its founder and chairman, despite an internal investigation concluding that last year's revenue included millions of dollars in fake sales.
22 hours ago
EMERGING MARKETS-Rupiah tumbles on debt monetization concerns, spike in virus cases
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