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



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. 






Advertisement