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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17 hours ago

CCT's Q2 DPU slips 1.6% to 2.16 S cents on enlarged unit base

Wong Kai Yi - CAPITALAND Commercial Trust (CCT) said distribution per unit declined 1.6 per cent to 2.16 Singapore cents in the second fiscal quarter as an enlarged unit base offset higher income generated from Singapore financial-district properties.

17 hours ago

CCT reports 4% fall in Q2 DPU to 2.16 S cents on enlarged unit base

Wong Kai Yi - CAPITALAND Commercial Trust (CCT), which counts properties like Asia Square Tower 2 and Twenty Anson in its porfolio, reported a four per cent fall in its distribution per unit (DPU) for the second fiscal quarter in 2018 to 2.16 Singapore cents.

17 hours ago

CapitaLand Commercial Trust posts 4% drop in 2Q DPU to 2.16 cents on enlarged base

Stanislaus Jude Chan - SINGAPORE (July 19): The manager of CapitaLand Commercial Trust (CCT) has reported distribution per unit (DPU) of 2.16 cents for the 2Q ended June, some 4.0% lower than DPU of 2.25 cents a year ago. This was mainly due to an enlarged base from the issue of 130.0 million new units for the equity plac ...

17 hours ago

Wheelock Properties parent offers S$2.10 per share to privatise developer, stock hits $$2.16

Annabeth Leow - THE Hong Kong-listed parent of Wheelock Properties (Singapore) is offering S$2.10 per share to take the mainboard-listed property developer private.

17 hours ago

Wheelock Properties parent offers S$2.10 per share to privatise developer, valuing company at S$2.5b

Annabeth Leow - THE Hong Kong-listed parent of Wheelock Properties (Singapore) is offering S$2.10 per share to take the mainboard-listed property developer private.

17 hours ago

Wheelock Properties parent offers S$2.10 per share to take developer private

Annabeth Leow - THE Hong Kong-listed parent of Wheelock Properties (Singapore) is offering S$2.10 per share to take the mainboard-listed property developer private.

17 hours ago

FCC votes to refer Sinclair Tribune merger to administrative judge

Michelle Quah - Sinclair Broadcast Group Inc said Wednesday it will abandon bids to divest three stations in an effort to win approval for its US$3.9 billion acquisition of Tribune Media Co after the Federal Communications Commission chairman said he had "serious concerns about the deal."

18 hours ago

Chart of the Day: How exposed are Singapore banks to property loans?

Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No They're not just limited to mortgages. This chart from UOB Kay Hian shows how Singapore's top three banks are exposed to the property sector, which has hit by an announcement of cooling measures two weeks ago. Analysts noted that loan ...

18 hours ago

SIA-CAE pilot training facility to start operations in August

Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No It will provide programmes for Boeing 737, MAX, 747, 777, and 787 aircraft types. Singapore Airlines (SIA) and CAE will launch the operations of their new joint venture, Singapore CAE Flight Training (SCFT), for pilot training in Singapore nex ...

18 hours ago

MAS strengthens vigilance against money laundering and terrorism financing

Staff Reporter - Submitted By:  Luz Wendy Noble Case Study:  No They upgraded their data analytics usage for better identification of high-risk areas. The Monetary Authority of Singapore will beef up its efforts to help raise vigilance in anti-money laundering and countering the financing of terrorism (CF ...

18 hours ago

Controlling shareholder of Wheelock Properties launches $2.10 per share

PC Lee - SINGAPORE (July 19): Star Attraction, the 76.21% owner of Wheelock Properties (Singapore) has launched a voluntary unconditional general offer for all the shares it does not own at $2.10 each. The offer values the company at over $2.5 billion. The offeror intends to delist the company if the 10% fre ...

18 hours ago

Investing opportunities in 2H2018 amid trade war, STI selldown

Jeffrey Tan - */ SINGAPORE (July 19): Just the day before The Edge Singapore’s 2018 mid-year investment forum took place on the morning of July 7, local property and banking stocks saw a bloodbath. This came after the government made a late July 5 announcement of additional property cooling measures, which bec ...

18 hours ago

Swiss finance minister says franc 'overvalued' but liveable

[SAO PAULO] Switzerland's Finance Minister Ueli Maurer said in an interview on Wednesday that the Swiss franc was overvalued relative to the euro, but added that the country and its companies "can live with" the current exchange rate.

18 hours ago

Europe hits Google with record 4.34b euro antitrust fine, appeal ahead

[BRUSSELS] European antitrust regulators fined Google a record 4.34 billion euro (S$6.9 billion) on Wednesday and ordered it to stop using its popular Android mobile operating system to block rivals, a ruling which the US tech company said it would appeal.

18 hours ago

Largest oil shipment sent from Vancouver to China since 2015

[HOUSTON] An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show.

18 hours ago

UK to consult public on possible bid to join Pacific trade pact

[LONDON] British Trade Minister Liam Fox said on Wednesday he will consult the public about a possible bid to join a Pacific trade group that includes Canada, Australia and Mexico, once Britain leaves the European Union.

18 hours ago

Oil rises on bullish demand signals, even as US stockpiles grow

[NEW YORK] Oil prices rose on Wednesday after US government data indicated bullish demand for gasoline and distillates, which overshadowed a surprise build in US crude inventories and US crude oil production hitting 11 million bpd for the first time.

18 hours ago

IBM gets boost from new businesses, tops estimates

Michelle Quah - International Business Machines Corp on Wednesday reported second-quarter revenue that beat analysts' expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing.

18 hours ago

EBay revenue misses as weak US sporting season hits StubHub

Michelle Quah - REUTERS: EBay Inc missed analysts' estimates for second-quarter revenue on Wednesday, as its online ticket marketplace StubHub had a disappointing quarter, leading the e-commerce website to forecast underwhelming third-quarter results. The company's shares were down about 5 percent at US$36 after .. ...

18 hours ago

Democrats want Trump interpreter to testify about Putin summit

[WASHINGTON] Democratic lawmakers on Wednesday pushed for Congress to subpoena Donald Trump's interpreter, amid a growing sense of alarm over the private summit in Helsinki between the US president and Russia's Vladimir Putin.

19 hours ago

Turkey's two-year state of emergency ends: state media

[ISTANBUL] Turkey's state of emergency, imposed after the failed 2016 coup, came to an end on Thursday after two years in force that saw tens of thousands arrested and dismissed from their jobs.

19 hours ago

TODAY's morning brief for Thursday, July 19

youjin.low - 57 min 47 sec agoGood morning! Here's a selection of our latest headlines:

19 hours ago

Europe: Tech lifts shares as currency weakens; autos climb

[MILAN] European shares hit a one-month high on Wednesday, supported by currency weakness and a rally in tech stocks following well-received earnings updates and a record close for the Nasdaq.

19 hours ago

Tariffs worry US manufacturers nationwide, raise prices: Federal Reserve

[WASHINGTON] Manufacturers across the United States are worried by President Donald Trump's trade policies, which many blame for higher prices and supply disruptions, according to a Federal Reserve survey released Wednesday.

19 hours ago

US: Strong earnings boost Dow, S&P 500

[NEW YORK] The Dow and S&P 500 500 rose Wednesday following a trove of mostly good earnings that outweighed rising anxiety over trade wars.

19 hours ago

Foodtech startups: Too many chefs in the kitchen?

Jacquelyn Cheok - IT'S just after midweek - chances are, you're already weary of the lunch options around your workplace. What about your favourite local fare at a not-so-nearby and rather smoky hawker centre? Or you're keen to discover and try a new eatery. You can now do both with minimal effort.

19 hours ago

Trump is the biggest buyer of political ads on Facebook

IT IS official: President Donald Trump is the single biggest political advertiser on Facebook.

19 hours ago

EU fines Google record 4.34b euros in Android case

EUROPEAN Union regulators hit Google with a record 4.34 billion euros (S$6.8 billion) antitrust fine on Wednesday for using its Android mobile operating system to squeeze out rivals.

19 hours ago

Chip equipment maker ASML sees stronger growth ahead

ASML Holding NV, a supplier of equipment to the world's biggest chipmakers, reported better than expected second-quarter earnings and said it expected an even-stronger performance for the rest of the year.

19 hours ago

Casinos face last milestone in Japan on road to legalisation

JAPANESE lawmakers are expected to pass a casino Bill that is the final hurdle for the legalisation of gaming resorts, bringing international operators a step closer to a market that could be worth as much as US$25 billion.

19 hours ago

Swatch Group sees Asia, US fuelling sales growth this year

OMEGA watch maker Swatch Group said it expected strong demand in Asia and America to keep driving sales growth this year after first-half net profit bounced back from weak year-ago levels.

19 hours ago

SIA to add 4th daily flight to Tokyo's Haneda; A380 to service Osaka route

Navin Sregantan - IN a bid to meet growing travel demand between Singapore and Japan, Singapore Airlines (SIA) will add a fourth daily service to Tokyo's Haneda Airport from Dec 28 and operate the Airbus A380 on its Osaka route from Oct 28, 2018 to March 30, 2019.

19 hours ago

Tiffany & Co banks on jewellery lab for new designs and a way out of its rut

AT Tiffany & Co's new workshop in Manhattan, jewellers sit at wooden desks peering through magnifying glasses as they polish silver rings and twist bits of gold. They are making prototypes of future products, one-of-a-kind experimental items that may never end up in a glass case.

19 hours ago

A new norm for SGD corporate perps

Marissa Lee - THE Singdollar corporate bond market is a lot less frothy now than it was a year ago, but the past does leave a legacy.

19 hours ago

Khazanah Nasional faces crossroads amid potential assets sale

SADDLED with government liabilities that exceed RM1 trillion (S$337 billion), Malaysia needs fresh perspectives and realistic solutions to address its indebtedness and refill the state coffers.

19 hours ago

Ethical use of AI can augment, not kill jobs

PRAVEEN RAINA - THE fourth season of Netflix's Black Mirror gave a sneak peek into a very possible future altered by technology advancement with many episodes based on how humans interact with artificial intelligence and the issues that arise as a result.