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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23 hours ago

US weekly jobless claims jump on COVID-19, renewed supplementary payments

The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses.

23 hours ago

Toyota settles US probe into delayed emissions defect reports for US$180 million

Rachel Mui - Toyota Motor Corp will settle a Justice Department civil probe into its delayed filing of emissions-related defect reports for US$180 million, sources briefed on the matter said.

24 hours ago

US imposes sanctions on Chinese officials, oil giant over South China Sea 'coercion'

The United States announced sanctions on Chinese state-owned enterprise and military officials on Thursday and added Chinese oil giant CNOOC to a blacklist, accusing them using coercion against states with rival claims in the South China Sea.

1 day ago

Daimler to cut production over chip shortage: Handelsblatt

Rachel Mui - Daimler will cut production and reduce working hours at a second factory, the latest automaker to suffer from a global shortage of semiconductors, the Handelsblatt daily reported on Thursday, citing unnamed company sources.

1 day ago

Dow, Nasdaq hit record highs as focus turns to Biden's stimulus speech

Rachel Mui - The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden's pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions.

1 day ago

Wells Fargo close to deal with buyout firms for asset management business

Rachel Mui - Wells Fargo & Co is in exclusive talks to sell its asset management business, which manages more than US$607 billion on behalf of customers, to a private equity consortium led by GTCR LLC and Reverence Capital Partners LP, according to people familiar with the matter.

1 day ago

Exclusive: Toyota settles US probe into delayed emissions defect reports for US$180 million - filing

Toyota Motor Corp will settle a Justice Department civil probe into its delayed filing of emissions-related defect reports for US$180 million, sources briefed on the matter said.

1 day ago

Explainer: What led to Malaysia’s second major lockdown and its state of emergency

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1 day ago

SAP and IBM redraw diversity policies, say it's good business

Rachel Mui - NEW YORK: Tech firms SAP and IBM said on Thursday they had redrawn their human resources policies after last year's Black Lives Matter protests, improving recruitment and acting to address issues of race more openly in the workplace. Executives from the two companies told the Reuters Next ...

1 day ago

Dow, Nasdaq hit record highs as focus turns to Biden's stimulus plan

Rachel Mui - Futures tracking the S&P 500 and the Dow edged higher on Thursday as investors awaited details on President-elect Joe Biden's proposals for stimulus and data on a labor market that is struggling to recover.

1 day ago

French government hardens stance against Carrefour takeover

France on Thursday took a tough line against any takeover of retailer Carrefour by a foreign company, dealing a major blow to a near US$20 billion bid approach by Canada's Couche-Tard.

1 day ago

Jem mall, Chong Pang City market and food centre among places visited by Covid-19 cases while infectious

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1 day ago

Courts to open new flagship store at The Heeren by Q1 2022

SINGAPORE: Courts will open a new flagship store at The Heeren by the first quarter of 2022, taking over the space to be vacated by department store Robinsons. The store is set to be Courts' largest retail space in Singapore, spanning six floors and 189,000 sq ft, the electrical, IT and furniture . ...

1 day ago

Wall St. edges higher with focus on Biden's stimulus plan

Rachel Mui - Futures tracking the S&P 500 and the Dow edged higher on Thursday as investors awaited details on President-elect Joe Biden's proposals for stimulus and data on a labor market that is struggling to recover.

1 day ago

Fitbit completes merger with Google

Rachel Mui - Fitbit Inc has completed its merger with Alphabet Inc's Google, the companies said on Thursday.

1 day ago

WhatsApp faces first legal challenge in India over privacy

Rachel Mui - WhatsApp's updated privacy policy verges on user surveillance and threatens India's security, a petition filed in an Indian court said on Thursday, presenting another legal challenge for the Facebook Inc-owned messenger.

1 day ago

About 27,000 marine sector workers tested for Covid-19 in 'one-time sweep'; vaccinations have started, says MPA

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1 day ago

ASML CEO sees US-China trade antagonism outlasting Trump

Rachel Mui - ASML CEO Peter Wennink expects further antagonism between the United States and China over semiconductor technology, even as a new administration is set to take over in Washington, he told the Reuters Next conference on Thursday.

1 day ago

Microsoft, Cigna form coalition for digital records of COVID-19 vaccination

Rachel Mui - Tech giants including Microsoft Corp, Oracle Corp and healthcare companies Cigna Corp and Mayo Clinic are part of a coalition pushing for digital records of people who get vaccinated against COVID-19.

1 day ago

Have an NMP represent the religious sector to enhance Singapore’s secularism: Panellist

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1 day ago

Yangzijiang inks deal for 30% stake in new Chinese LNG joint venture

Annabeth Leow - MAINBOARD-LISTED Yangzijiang Shipbuilding (Holdings) has inked a deal to set up a liquefied natural gas (LNG) supply chain joint venture, the board said on Thursday.

1 day ago

PepsiCo aims for net-zero greenhouse gas emissions by 2040

Rachel Mui - PepsiCo Inc said on Thursday it aimed to achieve net-zero greenhouse gas emissions across its supply chain by 2040, as consumers and investors increasingly call upon big corporations to play their part in the fight against global warming.

1 day ago

Lian Beng H1 net profit falls 5.2% to S$17.6m

Annabeth Leow - THE financials of Mainboard-listed property player Lian Beng Group took a hit in the first half-year, as Covid-19 restrictions hammered the construction segment.

1 day ago

Sentosa Cove’s pink waters could be caused by algae bloom due to recent heavy rain, experts say

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1 day ago

Nokia signs up Google for building cloud-based 5G network

Nokia on Thursday partnered with Alphabet's Google Cloud unit to build 5G core network infrastructure and allow business customers to offer services such as smart retail and automated manufacturing.

1 day ago

Borrelli Walsh: 17 interested parties in Hyflux

Lee Meixian - SEVENTEEN parties are interested in the embattled Hyflux and have signed non-disclosure agreements (NDAs) to explore investment, judicial managers (JMs) Borrelli Walsh told perpetual and preference share, as well as medium-term note holders on Thursday.

1 day ago

Delta calls 2021 year of recovery after first loss in 11 years

Delta Air Lines CEO Ed Bastian expects 2021 to be "the year of recovery" after the coronavirus pandemic cut operating revenue by 64per cent and prompted its first annual loss in 11 years.

1 day ago

Dow, S&P futures perk up with eye on Biden's stimulus plan

Michelle Zhu - Futures tracking the S&P 500 and the Dow edged higher on Thursday as investors awaited details on President-elect Joe Biden's proposals for stimulus and data on a labor market that is struggling to recover.

1 day ago

Lian Beng reports 5.2% lower earnings of $17.6 mil for 1H21 due to circuit breaker measures, foreign workforce disruptions

Felicia Tan - Homegrown building construction and property development company Lian Beng Group has registered earnings of $17.6 million for the 1HFY2021 ended November, 5.2% lower than earnings of $18.6 million a year ago. Revenue for the half-year period fell 36.6% y-o-y to $197.5 million, mainly due to lower co ...

1 day ago

Hin Leong Trading's judicial managers given more time to restructure troubled firm

Anita Gabriel - THE Singapore High Court on Thursday granted a three-month extension on the judicial management order to restructure Singapore's troubled oil trader Hin Leong Trading (HLT), subject to certain conditions, sources said.

1 day ago

Underwater World admits to safety lapses, uncovered after veteran diver died from stingray attack

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1 day ago

BlackRock fourth-quarter profit jumps 20per cent as AUM touches record high

Annabeth Leow - BlackRock Inc, the world's largest asset manager, on Thursday reported a stronger quarterly profit, as increased volatility in financial markets resulted in higher capital inflows.

1 day ago

BlackRock fourth-quarter profit jumps 20per cent

Annabeth Leow - BlackRock Inc, the world's largest asset manager, on Thursday reported a stronger quarterly profit, as increased volatility in financial markets resulted in higher capital inflows.

1 day ago

KrisEnergy creditors vote 'yes' on debt restructuring scheme

Annabeth Leow - KRISENERGY creditors approved its debt restructuring in a court meeting on Thursday, the upstream oil-and-gas company announced in a bourse filing.

1 day ago

Oxley purchases US$38.8 mil in 6.375% notes due 2021 and $1.3 mil 6.5% notes due 2023 from wholly-owned subsidiary

Felicia Tan - Oxley Holdings has purchased US$38.8 million ($51.4 million) notes with a coupon of 6.375% due 2021, and $1.25 million notes with a coupon of 6.5% due 2023 issued by its wholly-owned subsidiary, Oxley MTN, under its US$1 billion guaranteed euro medium term note programme established on April 7, 2017 ...

1 day ago

Wells Fargo CEO to unveil cost-cutting plan

Annabeth Leow - Wells Fargo & Co Chief Executive Charlie Scharf will give investors more details on his long-awaited turnaround plan for the scandal-plagued bank this week.