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

Singapore Stock Market News Singapore Business News Singapore Market Updates

23 hours ago

Google, Temasek said to be in talks to invest in Tokopedia

Yoolim Lee - Tokopedia has also held financing talks with Facebook, Microsoft Corp. and Amazon. The post Google, Temasek said to be in talks to invest in Tokopedia appeared first on DealStreetAsia.

23 hours ago

Taiwan's Foxconn says customs clearing procedures in India have been resolved

Tay Peck Gek - Apple supplier Foxconn said on Friday customs clearing procedures in India have been resolved, as additional scrutiny by the country of imports from China disrupted operations in some foreign firms amid tensions between the Asian giants.

23 hours ago

Oil falls as virus resurgence fears weigh on fuel demand recovery

Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world's largest oil consumer, dimmed the prospects of fuel demand recovery.

24 hours ago

ARA Venn's European real estate debt fund bags 200m euros for first close

Vivienne Tay - ARA Venn has raised 200 million euros (S$313.8 million) from institutional investors for the first close of its latest whole-loan European real estate debt fund.

24 hours ago

Oil falls as growing coronavirus cases stoke fuel demand worries

Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world's largest oil consumer, dimmed the prospects of fuel demand recovery.

24 hours ago

Watch: Constituency political broadcast

maelynn -

1 day ago

Citi targets more growth in Saudi Arabia after adding over 20 bankers in two years

Tay Peck Gek - Citigroup is planning to hire more bankers in Saudi Arabia for its direct custody business after adding more than 20 for onshore capital markets in the last two years, its Europe, Middle East and Africa head said.

1 day ago

More scarce than opening-night tickets: Insurance to back Broadway shows

As they reel from canceled productions and shuttered theaters, the shows that give Broadway its bright lights and draw millions of tourists to New York are facing a new obstacle to reopening: lack of pandemic insurance.

1 day ago

Facebook, YouTube, Twitter to face same EU rules on hateful content as broadcasters

Facebook, Alphabet-owned YouTube, Twitter and other social media will for the first time be subject to EU broadcasting rules on hate speech and harmful content under European Commission guidelines announced on Thursday.

1 day ago

Watch out for iFAST: CGS-CIMB

Amala Balakrishner - SINGAPORE (July 3): CGS-CIMB Securities is reiterating its “add” call and target price on fintech operator iFAST at $1.65. This gives the stock a 17.2% upside from its $1.41 cent close on Tuesday, say analysts Andrea Choong and Caleb Pang in a July 1 note. Their move is based on a standard opera ...

1 day ago

EM ASIA FX-Most Asian currencies ease slightly; Indonesian rupiah falls most

tdyadmin -

1 day ago

In cloud clash with Alibaba, underdog Tencent adopts more aggressive tactics

For Chinese cloud services companies, the coronavirus outbreak has become a rainmaker, bringing in new business far and wide as firms shift work online and authorities develop apps and systems to help contain outbreaks and manage social restrictions.

1 day ago

Ascendas REIT says it is 'not presently proceeding' with Hyflux debt moratorium carve-out

Felicia Tan - SINGAPORE (July 3): When will Hyflux’s troubles cease? The distressed water treatment company announced via an SGX filing on Thursday evening that Ascendas REIT (A-REIT) is “not presently proceeding” with its application to be carved out of Hyflux’s debt moratorium. The REIT said that it has ...

1 day ago

Brazil central bank chief says WhatsApp payments service faces further review

Tay Peck Gek - Brazil's central bank president said on Thursday that Facebook Inc messaging service WhatsApp would be allowed to launch its new payments service in the country, but called for proof it can operate safely in terms of data protection in a competitive market.

1 day ago

EC World Reit says CAD interviewed CIO as part of probe

Rachel Chia - EC World Real Estate Investment Trust (EC World Reit) has received a letter dated June 30 from the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS).

1 day ago

CIO of EC World Reit manager involved in CAD investigation

Rachel Chia - EC World Real Estate Investment Trust (EC World Reit) has received a letter dated June 30 from the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS), requiring its manager to provide certain information, documents and electronic devices in relation ...

1 day ago

SG’s Transcelestial closes $9.6m Series A co-led by EDBI, Wavemaker

Kristie Neo - The round was joined by new investors Airbus Ventures, Partech, Tekton Ventures and Cap Vista. The post SG’s Transcelestial closes $9.6m Series A co-led by EDBI, Wavemaker appeared first on DealStreetAsia.

1 day ago

Capgemini launches Applied Innovation Exchange in Shenzhen

Staff Reporter - Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No This is said to increase ease of market access for Singapore businesses. Capgemini launched its newest Applied Innovation Exchange (AIE) located in Shenzhen, China, according to an announcement. This w ...

1 day ago

China speeds up process of potentially merging its two biggest brokers Citic Securities and CSC Financial Co

Bloomberg - (July 3): China is speeding up the process of potentially merging its two biggest investment banks, in a move that would create a $82 billion ($114.29 billion) powerhouse and may spark a wave of consolidation among the country’s more than 130 brokers. In the latest proposal, Citic Group, the par ...

1 day ago

Wirecard debt that facilitated SoftBank investment put up for auction

Tay Peck Gek - Convertible bonds that were part of a complex transaction that allowed Japan's SoftBank Group to buy a stake in now-collapsed payments company Wirecard and then de-risk the transaction have been put up for sale in an auction.

1 day ago

Delta amends credit facility to include stricter covenants

Tay Peck Gek - Delta Air Lines Inc said on Thursday it has amended its US$2.65 billion credit facility agreement with covenants, which include restricting the U.S. airline's ability to pay dividends or repurchase stock before Sept. 30, 2021.

1 day ago

InstaReM and IITAAS set up fund for Indian migrant workers in Singapore

Staff Reporter - Uploaded By:  Shafiqul Bashar Submitted By:  Staff Reporter Case Study:  No Eligible workers will receive a one-time $20 voucher code to include in their remittance transfer. Nium’s global remittance transfer platform InstaReM and the Indian Institute of Technology Alumni Assoc ...

1 day ago

Singapore shares rise at Friday's open; STI up 0.3%

Vivienne Tay - SINGAPORE stocks opened higher on Friday following gains on Wall Street, after investors were encouraged by a better-than-expected US jobs report. 

1 day ago

US Senate approves sanctions on China, bill heads to US President Donald Trump

Bloomberg - (July 3): The US Senate gave final approval to legislation that would impose sanctions on Chinese officials cracking down on dissent in Hong Kong. The bill heads to President Donald Trump for his signature or veto. The House and Senate moved quickly to enact the legislation after the Chinese gover ...

1 day ago

Mandate for Singapore post-elections may bode well for nascent rebound for stock market

Bloomberg - (July 3): A new mandate to govern Singapore during the pandemic can bode well for the nascent rebound in the nation’s US$383 billion ($533.83 billion) stock market. Shares of companies tied to the government’s efforts to restore the economy and make it more resilient and digitized are set to b ...

1 day ago

Ascendas Reit 'not presently proceeding' with Hyflux moratorium carve-out request

Vivienne Tay - ASCENDAS Real Estate Investment Trust (Ascendas Reit) has informed the Singapore High Court that it is "not presently proceeding" with its application to be carved out of Hyflux's debt moratorium, the troubled water treatment firm said on Thursday night.

1 day ago

Stocks to watch: UOB, Sembcorp, DBS, OCBC, Halcycon Agri, Q&M Dental, Hatten Land

Rachel Chia - THE following companies saw new developments that may affect trading of their securities on Friday:

1 day ago

1.2 million Singaporean households to receive a total of S$340 million in utilities support

amanda.eber -

1 day ago

Hatten Land says units owe RM605m under proposed debt restructuring

Fiona Lam - TWO Hatten Land subsidiaries owe a combined RM605 million (S$196.9 million) to scheme creditors, although the bulk of these debts will be erased as they are owed to group entities.

1 day ago

Dollar in narrow range as US virus cases grow

Rachel Mui - The dollar was hemmed into a narrow range on Friday, supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk.

1 day ago

Q&M unit unveils programme to hire and train mid-career dental surgery assistants

Rachel Chia - Q&M Dental Centre, a wholly-owned subsidiary of Q&M Dental Group, has announced a programme to hire and train mid-career dental surgery assistants through the group's dentistry college, the mainboard-listed company said in a bourse filing on Thursday.

1 day ago

Body found at Potong Pasir flat during dengue inspections

amanda.eber -

1 day ago

Tesla denies reports of firing employees who chose to stay at home

Fiona Lam - Tesla Inc on Thursday denied media reports and said it had not fired employees who chose to stay at home during the coronavirus pandemic over safety concerns at the carmaker's California factory.

1 day ago

SG’s Frasers Centrepoint buys additional stake in PGIM’s Asia Retail Fund

Mars W. Mosqueda Jr. - The deal raises FCT's interest in Asia Retail Fund to 36.89%. The post SG’s Frasers Centrepoint buys additional stake in PGIM’s Asia Retail Fund appeared first on DealStreetAsia.

1 day ago

JPMorgan drops terms 'master,' 'slave' from internal tech code and materials

Fiona Lam - JPMorgan Chase & Co is eliminating terms like "blacklist," "master" and "slave" from its internal technology materials and code as it seeks to address racism within the company, said two sources with knowledge of the move.

1 day ago

Boeing communications chief resigns over article from 30 years ago

NEW YORK: Boeing's communications chief resigned on Thursday (Jul 2) following a complaint over an article he wrote more than 30 years ago contending that women should not serve in combat. His resignation comes as a number of US companies examine their corporate culture following weeks of protests ...