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

Home Depot same-store sales misses on cold weather, weak lumber prices

Marissa Lee - Home Depot Inc missed Wall Street estimates for quarterly same-store sales on Tuesday, hurt by poor weather in February and a steep fall in lumber prices.

19 hours ago

Some major Deutsche Bank investors want chairman to go early: sources

Marissa Lee - Some major investors in Deutsche Bank are demanding a succession plan for the lender's chairman, Paul Achleitner, two people with knowledge of the matter said on Tuesday.

19 hours ago

TODAY's evening brief for Tuesday, May 21

nabilah.awang -

19 hours ago

Tesla stock worth just US$10 in worst case: Morgan Stanley

Further falls in Tesla Inc's share price increase its chances of being sold in the years ahead, Morgan Stanley analysts said on Tuesday, as they slashed their worse-case scenario for the electric car producer to just US$10.

19 hours ago

Growth fears, trade worries send Singapore shares down 0.7% on Tuesday

Navin Sregantan - SINGAPORE stocks closed broadly lower on Tuesday, as the final reading on gross domestic product (GDP) missed expectations, and growth outlook was lowered. The latest flare-up in the China-US trade war also weighed on investors' minds.

19 hours ago

Home Depot misses quarterly same-store sales estimates

Marissa Lee - Home Depot Inc missed Wall Street estimates for quarterly same-store sales on Tuesday, hurt by poor weather in February and a steep fall in lumber prices.

20 hours ago

Self-driving trucks begin mail delivery test for US Postal Service

Marissa Lee - REUTERS: The U.S. Postal Service on Tuesday started a two-week test transporting mail across three Southwestern states using self-driving trucks, a step forward in the effort to commercialize autonomous vehicle technology for hauling freight. San Diego-based startup TuSimple said its self-driving .. ...

20 hours ago

Man convicted of murdering friend at Toa Payoh car park over phone repair costs

siewfern -

20 hours ago

Asian markets mostly up but Huawei, trade war loom large

Marissa Lee - Asian markets mostly rose on Tuesday (May 21) but concerns about the Huawei row and broader China-US trade war kept investors on edge, with analysts warning the crisis could rumble on for some time.

20 hours ago

US eases restrictions on Huawei; founder says US underestimates Chinese firm

Marissa Lee - The U.S. government on Monday eased some restrictions imposed last week on China's Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences.

20 hours ago

Big Deutsche Bank investors demand a succession plan for chairman: sources

Marissa Lee - Some major investors in Deutsche Bank are demanding a succession plan for the lender's chairman, Paul Achleitner, two people with knowledge of the matter said on Tuesday.

21 hours ago

Australia election could have global climate impact

Brutal droughts, floods and wildfires were expected to make the environment a pivotal issue in Australia's election, instead victory for the climate change-sceptic Liberal party could have global implications.

21 hours ago

Sanctions bill on Nord Stream 2 coming soon: US energy secretary

United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the "not too distant future".

21 hours ago

China rebuffs Trump claim US tariffs are making firms leave

Marissa Lee - Foreign investors remained enthusiastic about China, the foreign ministry said on Tuesday, following U.S. President Donald Trump's claim that his tariffs are causing companies to move production away from the world's second largest economy.

21 hours ago

Powerstrip producer TrickleStar seeks Catalist listing

Vivienne Tay - TRICKLESTAR Limited, a producer of energy saving products, has lodged a preliminary prospectus for a planned initial public offering (IPO) on the Singapore Exchange’s Catalist board.

21 hours ago

Singapore's millennials are quickly losing faith in the world around them, suggests Deloitte survey

Michelle Zhu - SINGAPORE (May 21): Be it their general world views or personal career situations, Singapore’s millennials are becoming increasingly jaded when compared to a year ago as well as to their global peers. This is according to Deloitte’s Global Millennial Survey results for 2019, which is based on t ...

21 hours ago

Japan auto lobby dismayed Trump declares some imports security threat

Japan's automakers' lobby said on Tuesday it was dismayed by President Donald Trump's declaration that some imported vehicles and parts posed a threat to U.S. national security, as the industry braces for a possible rise in U.S. tariffs.

21 hours ago

Hundreds of foreign companies attend North Korea trade fair despite sanctions

Marissa Lee - An international trade fair in North Korea this week may be the largest such event on record, analysts said on Tuesday, with hundreds of Chinese and other foreign vendors taking part despite sanctions pressure.

21 hours ago

Big Deutsche Bank investors demand a succession plan for chairman Achleitner: sources

Marissa Lee - Some major investors in Deutsche Bank are demanding a succession plan for the lender's chairman, Paul Achleitner, two people with knowledge of the matter said on Tuesday.

21 hours ago

A delicate balance: Toyota took care to make offering to US before China deals

Marissa Lee - BEIJING: Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning. The automaker said it would establish a green-tech research institute with Tsinghua University and provide state-owned BAIC Group's Foton unit with fuel-cell technology for ...

21 hours ago

Typical expat pay in Singapore for middle managers rose nearly 6% in 2018: ECA

Fiona Lam - THE average annual pay package for expatriate middle managers in Singapore rose by US$13,163 or 5.9 per cent in 2018 from a year ago to US$236,258, which included an average cash salary of US$90,170, according to an annual survey by ECA International.

21 hours ago

Asian stocks off four-month lows, but Huawei row weighs

Marissa Lee - Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House's black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing.

22 hours ago

Exclusive: A delicate balance - Toyota took care to make offering to US before China deals

Marissa Lee - BEIJING: Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning. The automaker said it would establish a green-tech research institute with Tsinghua University and provide state-owned BAIC Group's Foton unit with fuel-cell technology for ...

22 hours ago

China Eastern asks Boeing for compensation over 737 MAX grounding

Marissa Lee - China Eastern Airlines has formally requested compensation from Boeing Co for the grounding of its 14 737 MAX aircraft and has delayed deliveries of future planes, the company said on Tuesday.

22 hours ago

Airbus' programs chief: trade tensions could impact customers

Marissa Lee - Airbus' programs chief said trade tensions could impact customers, although the sales chief at the European planemaker said its market remained "quite positive" and less dependent upon economic cycles than before.

22 hours ago

Amazon wins dispute over domain name with Latin American governments

Marissa Lee - E-commerce giant Amazon was on its way to running its own online neighborhood Monday after the internet's address keeper granted the ".amazon" domain to the company.

22 hours ago

Huawei will not bow to US pressure, says founder Ren Zhengfei

BEIJING: Chinese telecoms giant Huawei is ready to deal with Washington's crackdown and will reduce its reliance on US components, its founder and CEO Ren Zhengfei told Japanese media on Sunday (May 19). President Donald Trump effectively barred Huawei from the US market on Wednesday and added it .. ...

22 hours ago

Singdollar to hit 1.40 to USD later this year as economy slows: DBS

Siow Li Sen - THE Singapore dollar is on track to fall further to 1.40 per US dollar as the economy slows, said Philip Wee, DBS Bank FX strategist.

22 hours ago

China's top diplomat calls for US restraint on trade, Iran

China's senior diplomat Wang Yi told U.S. Defence Secretary Mike Pompeo that recent U.S. words and actions had harmed the interests of China and its enterprises, and it should show restraint, China's foreign ministry said on Saturday.

22 hours ago

China paper says US forced tech transfer claims are 'fabricated'

The United States has "fabricated" accusations that China forces firms to hand over technology in exchange for market access, China's top Communist Party newspaper said on Saturday, the latest salvo in a bitter trade war.

22 hours ago

China's tech transfer problem is growing, EU business group says

Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country's regulatory environment is "bleak".

22 hours ago

UMS kept at 'reduce' and 'fully valued' given semiconductor industry still weak

PC Lee - SINGAPORE (May 21): CGS-CIMB Research is maintaining UMS Holdings at “reduce” with a lower target price of 55 cents. This came after UMS’s 1Q19 core net profit came below expectation at 21%, below UMS’s 1Q average of 24% for the past nine years. See: UMS posts 38% drop in 1Q earnings to $7 ...

22 hours ago

Asian shares near four-month lows on Huawei fallout fears

Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House's black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing.

22 hours ago

Huawei and trade war weigh on Asian markets

HONG KONG: Concerns about the worsening Huawei row and the broader China-US trade war put pressure on Asia equities on Tuesday (May 21), with analysts warning the crisis could rumble on for some time. Regional investors were spooked by a sharp drop in New York's tech-rich Nasdaq after Google said .. ...

22 hours ago

Nike, Under Armour among firms urging Trump to remove footwear from tariff list

NEW YORK: US footwear companies, including Nike and Under Armour, on Monday (May 20) urged US President Donald Trump to remove footwear from the proposed tariffs list on goods imported from China. "The proposed additional tariff of 25 per cent on footwear would be catastrophic for our consumers .. ...

23 hours ago

Asian market fixed income ETFs saw 'solid returns' over past 12 months: SGX

Rachel Mui - ASIA market fixed income ETFs (exchange traded funds) produced "solid returns" over the past 12 months, according to a research note by the Singapore Exchange (SGX) last Friday.