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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21 hours ago

CapitaLand Mall Trust records 3.9% rise in 2Q DPU to 2.92 cents

Stanislaus Jude Chan - SINGAPORE (July 23): The manager of CapitaLand Mall Trust (CMT) has announced distribution per unit (DPU) of 2.92 cents for the 2Q19 ended June, some 3.9% higher than DPU of 2.81 cents a year ago. Distributable income to unitholders rose 7.7% to $107.7 million, from $100.0 million a year ago. 2Q19 ...

21 hours ago

LG Display says to invest US$2.6 billion in OLED panel plant in South Korea

LG Display said on Tuesday that it would invest 3 trillion won (US$2.55 billion) in its organic light-emitting diode (OLED) panels production line in South Korea.

22 hours ago

Tech leads as US stocks rise at start of big earnings week

NEW YORK: US technology companies rallied on Monday (Jul 22) ahead of earnings from high-tech heavyweights later in the week, while oil prices gained amid lingering unease over Middle Eastern supplies. With some 130 companies the S&P 500 set to report this week, analysts are squarely focused on ...

22 hours ago

Equifax consumers face uphill battle for claims

Annabeth Leow - REUTERS: Consumers affected by the massive Equifax Inc data breach in 2017 will not reap any windfalls from the credit reporting company's US$700 million U.S. settlement announced on Monday, but may face a cumbersome process to get compensation. Federal Trade Commission officials said those among .. ...

22 hours ago

Trump meets with tech CEOs on Huawei

Annabeth Leow - U.S. President Donald Trump met on Monday with the chief executives of seven technology companies and he agreed with their request for timely licensing decisions from the Commerce Department on blacklisted Chinese firm Huawei Technologies, the White House said.

22 hours ago

How to keep central banks independent

Patrick Bolton, Stephan Cecchetti, Jean-Pierre Danthine & Xavier Vives - SINGAPORE (July 22): The global financial crisis that erupted in 2008 transformed the role of central bankers and the scale and scope of their policy toolkit. Today, financial stability is once again at the core of central banks’ missions, and interest rates in a number of rich countries are like ...

22 hours ago

Bipartisan deal reached on budget, debt ceiling: Trump

WASHINGTON: US President Donald Trump said on Monday (Jul 22) that a "compromise" bipartisan budget agreement has been reached that will boost federal spending by billions of dollars and suspend the debt limit beyond the next presidential election. Trump tweeted that "a deal has been struck" with . ...

22 hours ago

AutoNation names new CEO, posts strong quarterly profit

AutoNation Inc , the largest U.S. auto dealership chain, on Monday named a new chief executive four months after picking someone else for the position, while posting a stronger-than-expected quarterly profit.

22 hours ago

TODAY's morning brief for Tuesday, July 23

amanda.eber -

22 hours ago

Commentary: Employers have obsessed over productivity. They need to focus on people instead

Businesses need to take extra steps to foster a positive company culture which can enable employees to attain balance in their lives while still being productive, says ServiceNow’s Mitch Young.

22 hours ago

Fitch, Moody's cut Boeing's debt outlook to 'negative' on 737 MAX problems

Annabeth Leow - REUTERS: Fitch Ratings and Moody's lowered their outlooks for Boeing Co to "negative" from "stable" on Monday, citing delays in its 737 MAX jets' return to service. The revision, which comes on the heels of Boeing's nearly US$5 billion charge related to the grounding, could potentially increase ...

23 hours ago

Apple in advanced talks to buy Intel's smartphone-modem chip business - WSJ

REUTERS: Apple Inc is in advanced talks to buy chipmaker Intel Corp's smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter. Assuming talks don't fall apart, the deal, valued at US$1 billion or more, could be reached in the next week ...

23 hours ago

Apple in advanced talks to buy Intel's smartphone-modem chip business: WSJ

Annabeth Leow - REUTERS: Apple Inc is in advanced talks to buy chipmaker Intel Corp's smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter. Assuming talks don't fall apart, the deal, valued at US$1 billion or more, could be reached in the next week ...

23 hours ago

IHH Healthcare set for next chapter under new CEO

Anita Gabriel - FROM Turkey to India, Malaysia and Singapore, Asia's largest private hospital operator IHH Healthcare expects its hospitals to capitalise on booming medical tourism even as it ramps up operations in these core markets plus Greater China, said outgoing chief executive Tan See Leng.

23 hours ago

Ferrier Hodgson joins Baker Tilly to extend global reach

Janice Heng - FERRIER Hodgson - the financial advisory and restructuring firm involved in landmark cases such as Singapore Flyer, Borders Singapore, and now Hyflux - is joining the Baker Tilly International network and rebranding.

23 hours ago

Koufu share rally may have legs still as it seeks new growth

Nisha Ramchandani - FOODCOURT operator Koufu may have seen its share price pick up this year, but is there more room for the stock to rally?

23 hours ago

Emas applies for judicial management after failed rescue deals

Fiona Lam - AILING offshore services provider Emas Offshore has applied to be placed under judicial management, five months after a rescue plan for the company was called off.

23 hours ago

Datapulse justifies hotel investments; will comply with SGX RegCo's notice of compliance

Leila Lai - DATAPULSE Technology says it will comply with a directive from the Singapore Exchange Regulation (SGX RegCo) relating to its recent minority investments in two hotels and the awarding of hotel management agreements to firms linked to the company's chairman and controlling shareholder. In response t ...

23 hours ago

STI slips amid signs of smaller US rate cut

Lynette Tan - THE Singapore stock market started the week on the back foot with the Straits Times Index (STI) down 0.61 per cent, in response to signals of a smaller US interest rate cut later this month.

23 hours ago

Great Eastern, Doctor Anywhere team up to offer healthtech services to corporate clients

Fiona Lam - INSURER Great Eastern (GE) and Singapore-based healthtech startup Doctor Anywhere have teamed up to launch health and wellness tech services for GE's corporate customers.

23 hours ago

MLT's Q1 DPU edges up 3.5% on enlarged unit base

Yunita Ong - ACCRETIVE acquisitions in the previous financial year and the completed redevelopment of a Chinese logistics park lifted results for Mapletree Logistics Trust (MLT) for its first quarter.

23 hours ago

Frasers Commercial Trust's Q3 DPU flat at 2.4 Singapore cents

Annabeth Leow - AMID big-name comings and goings at Alexandra Technopark, Frasers Commercial Trust will be paying out 2.4 Singapore cents a unit for the three months to June 30.

23 hours ago

ESR-Reit Q2 DPU holds firm at 1.004 Singapore cents

Leila Lai - ESR-REIT'S distribution per unit (DPU) was flat at 1.004 Singapore cents for its second quarter, up just 0.3 per cent from 1.001 cents a year ago, according to the industrial landlord's Q2 results released on Monday.

23 hours ago

R&D tie-ups to work on smart cities innovation

Annabeth Leow - STARTUPS and small businesses here could be winners in smart cities innovation, through the latest urban solutions tie-ups between a public research body and two major Singapore state-linked companies.

23 hours ago

Eu Yan Sang Building up for sale at S$62.5m guide price

Fiona Lam - THE iconic Eu Yan Sang Building in Chinatown has been launched for sale with a guide price of S$62.5 million, the property's exclusive marketing agent JLL said on Monday.

23 hours ago

Get ready for more Chinese defaults

Shuli Ren - CHINA'S bond market has been eerily quiet lately.  Over the past year, investors in China's US dollar bonds had gotten used to the idea of defaults.

23 hours ago

Tag-team tack keeps Singapore businesses sustainable, fighting fit

Leila Lai - AS companies recognise the need to innovate and transform their businesses to remain sustainable and competitive, partnerships between traditional enterprises and innovative tech startups are proving key in achieving these goals.

23 hours ago

More manpower support for growing aviation sector

Jaira Koh - WITH its "good growth momentum" even as some other sectors show weakening, aviation is an important hedge in Singapore's diversified economy, said Manpower Minister Josephine Teo.

23 hours ago

Johnson seeks to bolster divided nation but challenges loom

Neil Behrmann - BORIS Johnson, widely expected to be announced as Britain's new prime minister tomorrow, is doing his utmost to bolster a divided nation with the spirit of Winston Churchill.

23 hours ago

Singapore employees seek 17% pay raise when switching jobs: report

Vivienne Tay - JOB seekers in Singapore are looking to get a 17 per cent bump in pay when they switch jobs, after averaging across industries and levels, said a report by RGF International Recruitment.

23 hours ago

Singapore fintech body in tie-up with financial platform firm

Lynette Tan - THE Singapore Fintech Association (SFA) has inked an agreement with the Asean Financial Innovation Network (AFIN) to collaborate, adding to SFA's current bench of 48 partnerships, which serve to provide market demand and access to its members.

23 hours ago

Recession forecasts are so bad, they're good

Stephen Mihm - IT'S no secret that economists are terrible at predicting recessions: a host of studies, along with a raft of anecdotal evidence, reveals a track record that is astonishingly bad. This has prompted a growing number of market watchers to conclude that forecasting recessions is a fool's game.

24 hours ago

Equifax's US$700 million data breach settlement spurs criticism, calls for new rules

STEFANIE YUEN THIO - Credit-reporting company Equifax Inc will pay up to US$700 million to settle claims it broke the law with a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that could spur new consumer data rules.

24 hours ago

Huawei to build wireless network for Canadian north

STEFANIE YUEN THIO - OTTAWA: Embattled Chinese telecom giant Huawei unveiled plans on Monday (Jul 22) to deploy high-speed wireless internet to dozens of underserved communities in Canada's remote northern regions. The move - mostly 4G deployments and not the superfast fifth-generation or 5G - comes with Huawei under ...

24 hours ago

Bunge and BP team up in Brazil bioenergy venture, create No. 3 sugarcane processor

STEFANIE YUEN THIO - U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world's third-largest sugarcane processor.

24 hours ago

Whirlpool earnings beat estimates as higher prices offset tariff impact

STEFANIE YUEN THIO - Whirlpool Corp on Monday beat analysts' estimates for second-quarter revenue and raised its full-year profit forecast, as the appliance maker sold its washing machines and kitchen appliances at higher prices.