19 hours ago
US home values are rising at their fastest pace in 12 years
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
19 hours ago
Uber self-driving car failed to recognize pedestrian, brake: US agency
Andrea Soh - An Uber Technologies Inc self-driving vehicle that struck and killed a woman in Tempe, Arizona in March failed to identify the pedestrian or brake, raising serious questions about the performance of the vehicle, the U.S. National Transportation Safety Board said in a preliminary report released ...
19 hours ago
Wall Street drops after Trump cancels summit with North Korea's Kim
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.
19 hours ago
Trump calls off meeting with North Korea's Kim
19 hours ago
US: Wall St opens flat as energy stocks, trade worries weigh
19 hours ago
PropNex Realty, Diamond Electric team up to market electricity plans
Yunita Ong - PROPNEX Realty and Diamond Electric have entered a partnership to allow 7,000 of PropNex's salespersons to help market the energy provider's residential and business electricity plans.
19 hours ago
NTSB: Uber self-driving car failed to recognize pedestrian, brake
Tan Hwee Hwee - An Uber Technologies Inc self-driving vehicle that struck and killed a woman in Tempe, Arizona in March failed to identify the pedestrian or brake, raising serious questions about the performance of the vehicle, the U.S. National Transportation Safety Board said in a preliminary report released ...
20 hours ago
German regulator orders recall of diesel-powered Daimler van
Andrea Soh - FRANKFURT: Germany's road vehicle authority KBA has ordered Daimler to recall its van model Vito 1.6l Diesel Euro 6, saying two of the van's engine control features to reduce exhaust emissions were in breach of regulations. In a statement on Thursday, Daimler said it would appeal the decision and . ...
20 hours ago
SingHaiyi's Q4 profit slides 71% on increased cost of sales, absence of one-off gain
Wong Kai Yi - HIGHER cost of sales and the absence of a one-off gain in the previous period dented real estate company SingHaiyi Group's fiscal fourth-quarter profit, which fell 70.7 per cent to S$6.5 million from S$22.2 million a year ago.
20 hours ago
Trek 2000 chairman's son appointed group president
Tan Hwee Hwee - THE son of Trek 2000's executive chairman and CEO has been appointed group president and executive director of the beleaguered technology firm.
20 hours ago
N Korea says 'completely' dismantled nuclear test site
20 hours ago
Rusal CEO, board members quit in quest for US sanctions relief
Tan Hwee Hwee - Russia's largest aluminum producer, United Company Rusal Plc , said on Thursday its chief executive and seven board members have quit, and warned it may have problems servicing its debt due to the impact of U.S. sanctions.
21 hours ago
Deutsche Bank axes at least 7,000 jobs in trading retreat
Tan Hwee Hwee - FRANKFURT: Deutsche Bank is slashing more than 7,000 jobs to cut costs and restore profitability, while keeping its international reach as its new CEO seeks to reassure investors and clients. Germany's biggest bank said global headcount would fall to well below 90,000 from 97,000, with a 25 ...
21 hours ago
Car imports probe gives GM, Ford shares tiny lift
Tan Hwee Hwee - Shares of General Motors and Ford inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions.
21 hours ago
Singapore Shipping Corp posts 59% rise in Q4 net profit
Tan Hwee Hwee - LISTED shipowner and manager Singapore Shipping Corp (SSC) posted a 59.5 per cent increase in fourth-quarter net profit to US$2.57 million on higher revenue and operating profit.
21 hours ago
Singapore issues warning to eight cryptocurrency exchanges
Andrea Tan - The platforms, which weren’t named, shouldn’t facilitate trading in tokens that are securities or futures contracts without approval, the Monetary Authority of Singapore said in a statement. The post Singapore issues warning to eight cryptocurrency exchanges appeared first on DealStreetAsia.
21 hours ago
Stock futures flat as auto tariff threat dulls Fed optimism
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.
22 hours ago
EU parliament gets Facebook answers after Zuckerberg meeting
Tan Hwee Hwee - The European Parliament distributed on Thursday what it called a first set of written replies from Facebook to oral questions put by lawmakers to CEO Mark Zuckerberg at a meeting in Brussels on Tuesday.
22 hours ago
Deutsche Bank to slash over 7,000 jobs in major shake-up
Tan Hwee Hwee - Germany's largest lender Deutsche Bank said Thursday it will cut over 7,000 jobs and dramatically scale back its investment banking activities as it tries to turn the corner on years of losses.
22 hours ago
MAS warns against phishing threat
Tan Hwee Hwee - THE Monetary Authority of Singapore (MAS) has issued a public alert pertaining to fraudulent emails impersonating MAS in the attempt to get recipients to divulge their banking details.
22 hours ago
Boustead pays S$19m for full acquisition of WhiteRock medical group
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 ...
22 hours ago
Falcon Energy aims to wrap up debt revamp in 2 months, faces more heat from Ambank
Tan Hwee Hwee - SINGAPORE-LISTED Falcon Energy Group (FEG) faces the threat of being wound up if it does not settle a new claim filed by Malaysia's Ambank.
22 hours ago
Falcon Energy to wrap up debt revamp in 2 months, faces more heat from Ambank
Tan Hwee Hwee - SINGAPORE-LISTED Falcon Energy Group (FEG) faces the threat of being wound up if it does not settle a new claim filed by Malaysia's Ambank.
22 hours ago
Falcon Energy faces winding-up threat linked to new Ambank claim
Tan Hwee Hwee - SINGAPORE-LISTED Falcon Energy Group (FEG) faces the threat of being wound up if it does not settle a new claim filed by Malaysia's Ambank.
22 hours ago
Bukit Sembawang Estates reports leap in Q4 earnings
Michelle Quah - PROPERTY developer Bukit Sembawang Estates reported a substantial increase in quarterly net income on Thursday, as it recognised higher profits from its development projects.
23 hours ago
Hyflux unit makes up 6.8% of rental income for ESR-Reit as at end-Q1
Yunita Ong - A UNIT of beleaguered water treatment firm Hyflux is a tenant at ESR Real Estate Investment Trust (ESR-Reit)'s property at 8 Tuas South Lane. But the Reit manager said in a Singapore Exchange announcement that it will likely continue to make rent throughout the reorganisation process.
23 hours ago
Daily Debrief: What Happened Today
23 hours ago
Ezbuy raises US$17.6 million in lastest funding, eyes 'more reliable modes' of localised services
Tan Hwee Hwee - SINGAPORE: Popular shopping and shipping agent ezbuy - which was forced to stop offering some of its services last year after more than 1,000 of its accounts were blocked by Taobao - said on Thursday (May 24) that it has raised US$17.6 million in its latest round of funding, which it intends to us ...
23 hours ago
Services uptick in Q1 shows growth broadening further in Singapore economy
Tan Hwee Hwee - Economists say the services sector looks poised to make up for lost ground when manufacturing growth eventually tapers due to less favourable base effects.
23 hours ago
Malaysia: Shares end lower again on Thursday
MALAYSIAN stocks closed lower on Thursday, with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 28.59 points to 1,775.66.
23 hours ago
Singapore shares rise 0.9% after Wednesday's sell-off
Anita Gabriel - SHARE prices in the Singapore bourse rose with the key Straits Times Index gaining 32.65 points or 0.93 per cent to finish at 3,528.92 on Thursday.
24 hours ago
General Electric's power unit fights for growth as wind, solar gain
Tan Hwee Hwee - Vistra Energy Corp and Dominion Energy Inc – which serve about 5.5 million electricity customers in more than a dozen U.S. states – both say they are done building combined-cycle natural gas-fired power plants.
24 hours ago
Tariff fears hit car shares, lira back on the rack
Tan Hwee Hwee - Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates.
1 day ago
Investor Elliott's stake raises pressure on Thyssenkrupp CEO
Tan Hwee Hwee - FRANKFURT/BERLIN: Activist hedge fund Elliott said on Thursday it would step up pressure on Thyssenkrupp's leadership to revive the German industrial conglomerate's fortunes, confirming it had taken a stake of less than 3 percent. The stake increases the influence of interventionist investors on ...
1 day ago
Vietnam's downtown dwellers cling to tiny plots
1 day ago
Seoul: Stocks edge down; won holds steady
[SEOUL] South Korea's KOSPI stock index weakened on Thursday. The Korean won held steady, while bond yields fell.