2 days ago
Nike reports 7 percent rise in quarterly revenue
Vivienne Tay - Nike Inc reported a 7 percent rise in quarterly revenue on Thursday, boosted by strong sales on its app and website.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Boeing to mandate safety alert in 737 MAX software upgrade: sources
Boeing Co will mandate a previously optional cockpit warning light as part of a forthcoming software update to the 737 MAX fleet that was grounded in the wake of two fatal crashes, two officials briefed on the matter said Thursday.
2 days ago
German politicians split over bankrolling Deutsche Bank merger
Vivienne Tay - A political rift has emerged in Berlin over whether Germany should put its financial muscle behind a merger of Deutsche Bank and Commerzbank, politicians and officials said, complicating a bid to create Europe’s third-largest bank and fund it.
2 days ago
Biogen scraps two Alzheimer drug trials, wipes US$18 billion from market value
Vivienne Tay - Biogen and partner Eisai Co Ltd are ending two late-stage trials testing an Alzheimer's drug, they said Thursday, marking the latest setback for an industry keen to develop treatments for the memory-robbing disease.
2 days ago
Tech dominates Wall Street rally in wake of dovish Fed statement
Vivienne Tay - U.S. stock index futures were subdued on Thursday, a day after the Federal Reserve abandoned projections for any interest rate hikes this year amid signs of an economic slowdown.
2 days ago
Beneath Fed's positive spin, an embrace of a tepid future
Federal Reserve policymakers see a U.S. economy that is rapidly losing momentum. They predict inflation will miss their 2 percent target for yet another year, despite rising wages, and they expect unemployment to increase.
2 days ago
The Fed is prodding Americans to buy more on credit
Vivienne Tay - The Federal Reserve's decisive statement this week that interest rates are unlikely to rise this year sends a signal to U.S. households: keep buying stuff.
2 days ago
Pound under pressure as EU leaders meet on Brexit
Vivienne Tay - LONDON: The pound fell further as EU leaders met in Brussels on Thursday (Mar 21) to consider Britain's request to delay Brexit, while equities pushed higher following the US Federal Reserve's unexpectedly dovish message. Sterling, seen as a barometer in Britain's long-running Brexit saga, slid as ...
2 days ago
Facebook fixes glitch that exposed millions of user passwords to employees
Vivienne Tay - Facebook Inc said on Thursday it has resolved a glitch that exposed passwords of millions of users stored in readable format within its internal systems to its employees.
2 days ago
Wells Fargo in talks with ex-Goldman exec Schwartz to be its next CEO: New York Post
Vivienne Tay - Wells Fargo's board is in talks with Harvey Schwartz, the former president and co-chief operating officer of Goldman Sachs, to take over as the bank's next chief executive, the New York Post reported on Thursday, citing people briefed on the talks.
2 days ago
‘What makes America great is not just a set of trade numbers’: Chan Chun Sing
SINGAPORE: The significance of the United States is more than “just a set of trade numbers. Instead, it is the free flow of talent and ideas within the economy, as well as the US’ role in international institutions that “really define how great America will be”. This is according to Singapor ...
2 days ago
Tesla sues former employees for allegedly stealing data, Autopilot source code
Vivienne Tay - Tesla Inc filed a lawsuit on Thursday against a former engineer at the company, claiming he copied the source code for its Autopilot technology before joining a Chinese self-driving car startup in January.
2 days ago
US government sued for access to auto tariff probe report
Vivienne Tay - A conservative group has sued the U.S. government for access to a report on whether auto imports pose a big enough security risk to justify hefty tariffs on the sector, part of a growing chorus demanding a copy of the document.
2 days ago
US labor market solid; manufacturing sector slowing
Vivienne Tay - WASHINGTON: The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to still strong labor market conditions, though the pace of job growth has slowed after last year's robust gains. Other data on Thursday showed a measure of factory ...
2 days ago
Levi Strauss shares surge 31 percent in return to stock market
Vivienne Tay - Shares in Levi Strauss & Co surged 31 percent in their debut on Thursday, giving the U.S. jeans maker a market value of US$8.7 billion and indicating a strong investor appetite ahead of much-awaited listings from Lyft and Uber Technologies.
2 days ago
Ford names Amazon veteran Tim Stone as CFO
Vivienne Tay - Ford Motor Co on Thursday named Amazon.com Inc veteran Tim Stone as chief financial officer, the automaker's first external hire for the role in seven decades.
2 days ago
Roche sues US executives in fight over diabetes test strips
Roche is seeking tens of millions of dollars in damages and compensation in a U.S. lawsuit against former executives of a Utah-based company, the Swiss drugmaker's latest case targeting what it calls fraudulent schemes involving its diabetes test strips.
2 days ago
PM Lee urges Hwa Chong students to understand context of Singapore society and their duties in it
amanda.eber - Janice Lim59 min 29 sec agoSINGAPORE — Hwa Chong Institution, a Special Assistance Plan (SAP) school, has a spec
2 days ago
In Asia, Singaporeans spend the most time playing video games: Report
siewfern - Nicholas Khong55 min 29 sec agoSINGAPORE — Singaporeans spend the most time playing video games online compared with
2 days ago
Biogen scraps Alzheimer drug trials, wiping US$17 billion off its market value
Vivienne Tay - Biogen and partner Eisai Co Ltd are ending two late-stage trials testing an Alzheimer's drug, they said Thursday, marking the latest setback for an industry keen to develop treatments for the memory-robbing disease.
2 days ago
Smart Entertainment makes partial offer for Sevak
Janice Heng - IT solutions company Sevak, which is on the Singapore Exchange's watch-list, announced on Thursday a proposed partial offer that, if concluded, will result in the offeror and its concert parties holding 51 per cent of the company.
2 days ago
Deutsche Bank CEO sees strong case for merger with Commerzbank - source
Vivienne Tay - Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking ahead of Thursday's meeting of the supervisory board, setting the stage for a showdown with unions fearing massive ...
2 days ago
Wall St. falls at open after Fed's abrupt dovish turn
Marissa Lee - U.S. stock index futures were subdued on Thursday, a day after the Federal Reserve abandoned projections for any interest rate hikes this year amid signs of an economic slowdown.
2 days ago
Pine Capital seeks trading suspension amid allegations of lapses, conflict of interest
Janice Heng - CATALIST-LISTED investment firm Pine Capital Group's board has recommended that the trading of the company's shares be suspended with immediate effect, in a Singapore Exchange (SGX) filing on Thursday.
2 days ago
PUB says Salim-Medco should not use it as excuse to pull plug on Hyflux deal
Marissa Lee - HYFLUX's reluctant white knight Salim-Medco consortium (SMI) should not use PUB as an excuse to back out of its investment agreement with the water treatment company, the national water agency said on Thursday.
2 days ago
Biogen scraps Alzheimer drug trials, shares slump by a quarter
Janice Heng - Biogen and partner Eisai Co Ltd are ending two late-stage trials testing an Alzheimer's drug, they said Thursday, marking the latest setback for an industry keen to develop treatments for the memory-robbing disease.
2 days ago
US jobless claims fall; mid-Atlantic factory activity rises
Janice Heng - WASHINGTON: The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to still strong labor market conditions, though the pace of job growth has slowed after last year's robust gains. Other data on Thursday showed a measure of factory ...
2 days ago
Wall St. set for lower open after Fed's abrupt dovish turn
Janice Heng - U.S. stock index futures were subdued on Thursday, a day after the Federal Reserve abandoned projections for any interest rate hikes this year amid signs of an economic slowdown.
2 days ago
3 Camsing Healthcare independent directors resign over audit concerns
Janice Heng - THREE independent directors of Mainboard-listed Camsing Healthcare have resigned, partly citing matters that auditors have raised, the company announced on Thursday.
2 days ago
Gardens by the Bay murder trial: Accused says if he wanted to kill lover, he’d have ‘a better plan’
siewfern - Louisa Tang32 min 17 sec agoSINGAPORE — When he was first presented with a charge of murder, Leslie Khoo Kwee Hoc
2 days ago
Biogen scraps Alzheimer's trial, shares skid
Nisha Ramchandani - Biogen and partner Eisai Co Ltd are ending two late-stage trials testing an Alzheimer's drug, they said Thursday, marking the latest setback for an industry keen to develop treatments for the memory-robbing disease.
2 days ago
Short & distort? The ugly war between CEOs and activist critics
On the morning of July 11, Paul Pittman was on a corn farm in Western Illinois, unaware his company had taken a devastating hit.
2 days ago
Oxley appoints agents for sale of Mercure, Novotel Hotels
Janice Heng - HAVING initially called off the sale of its Mercure and Novotel Hotels on Wednesday, property developer Oxley Holdings announced on Thursday that it has appointed CBRE, Jones Lang LaSalle Property Consultants and JLL Hotels & Hospitality Group as its exclusive agents for the properties.
2 days ago
HRNetGroup to set up Taiwan branch
Janice Heng - MAINBOARD-LISTED HRNetGroup has incorporated RecruitFirst (Taiwan) Pte Ltd (RFTPL), which will set up a branch in Taiwan in the business of flexible staffing and human resource outsourcing.
2 days ago
PUB moving to take over Hyflux’s Tuaspring plant at zero cost
amanda.eber - Janice Lim1 hour 37 min agoSINGAPORE — Singapore’s water agency PUB announced on Thursday (March 21) that it is
2 days ago
Come April, travel vlogger Nas Daily will be hiring for his team in S'pore
yasmine.yahya - Low Youjin33 min 4 sec agoSINGAPORE — Fans of the Nas Daily videos may soon get a chance to work with the popul