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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19 hours ago

A president with no shame and a party with no spine

Thomas Friedman - IF your puppy makes a mess on your carpet and you shout "Bad dog", there is a good chance that puppy's ears will droop, his head will bow and he may even whimper. In other words, even a puppy acts ashamed when caught misbehaving. That is not true of US President Donald Trump. Day in ...

19 hours ago

Nato needs new thinking, not new money

JOLYON HOWORTH - HEADLINES around the world have said it all: "chaos", "turmoil", "tongue-lashing", "ambush", "whiplash", "psychodrama". Donald Trump's sojourn in Brussels for the Nato summit was seen by the media as more of the bull-in-a-china-shop a ...

19 hours ago

As the world moves forward on trade, US policy stagnates

Steven Okun - "THE growing wave of populism globally means that Singapore has to work with like-minded partners - including Europe, Japan, Asean and China," Singapore's Prime Minister Lee Hsien Loong said. On the front page of The Sunday Times. Wow.

19 hours ago

Brexit and the problem of sovereignty

Joergen Oerstroem Moeller - THE Brexit model espoused in the UK government's White Paper opens a path to a close - but not too close - relationship between Britain and the European Union (EU). It tries to reconcile 'Brexit is Brexit' histrionics with fundamental principles enshrined in the EU treaties.

19 hours ago

Kentish Green joins en bloc fray

Yunita Ong - KENTISH Green on Oxford Road has joined the roster of developments here trying for a collective sale.

19 hours ago

Indonesian central bank aims to revive country's sluggish property market

AS Indonesia's central bank drives up interest rates to defend a fragile currency, its governor Perry Warjiyo is banking on a revival of the sluggish property sector to maintain growth momentum in South-east Asia's biggest economy.

19 hours ago

4 shophouses opposite Singapore Khalsa Association for sale

A ROW of four adjoining freehold conservation shophouses at Nos 15, 17, 19 and 21 Tessensohn Road have been put up for sale together, with a reserve price of S$25 million.

19 hours ago

Nature to play big part in future HDB estates

HOUSING Board estates and nature are set to be intertwined under an updated framework that will be progressively applied to new housing projects from this month.

19 hours ago

Bullish comments by Fed's Powell boost US dollar

THE dollar rose to a three-week high on Wednesday, as demand increased after upbeat comments from US Federal Reserve chairman Jerome Powell about the US economy.

19 hours ago

Goldman Sachs names David Solomon as new CEO

GOLDMAN Sachs named David Solomon as its new chief executive on Tuesday, implementing a much-telegraphed succession plan as it expands beyond its Wall Street roots to the broader consumer market.

19 hours ago

OCBC launches new online marketplace for mums

Natalie Choy - OCBC Bank has made its foray into the e-commerce scene with the launch of a new online marketplace that offers a host of products and services tailored for mothers.

19 hours ago

Lloyd Blankfein poised for US$85m payout after Goldman exit as CEO

LLOYD Blankfein could get as much as US$84.7 million in compensation when he departs Goldman Sachs Group Inc in October after 36 years at the investment bank.

19 hours ago

MAS joining the dots on illicit fund flows with data analytics

Jamie Lee - ONLY connect.

19 hours ago

Programme launched to lift Singapore food manufacturing skills

Chuang Peck Ming - MINISTER for Trade and Industry Chan Chun Sing on Wednesday rolled out the skills framework to support manpower development in the food manufacturing sector.

19 hours ago

Tame UK inflation knocks BOE rate hike expectations

BRITISH inflation unexpectedly held steady last month, denting market confidence about a Bank of England interest rate hike next month and sending sterling to a 10-month low against the US dollar.

19 hours ago

US 'especially vulnerable' in trade war, says IMF chief

THE US economy is "especially vulnerable" to damage from the burgeoning global trade war, which could shave hundreds of billions of dollars off global GDP, IMF chief Christine Lagarde said on Wednesday.

19 hours ago

Modi to face no-confidence vote as opposition ramps up pressure

PRIME Minister Narendra Modi's government faces a no-confidence vote on Friday as the opposition uses the new monsoon session of India's Parliament to challenge his administration ahead of general elections early next year.

19 hours ago

Malaysia's June inflation rate at three-year low, but rate cut unlikely

MALAYSIA'S annual inflation rate slowed to its lowest in more than three years in June, after the government abolished a goods and services tax (GST), but economists said this was unlikely to lead to any change in monetary policy.

19 hours ago

EU sets provisional import duties on Chinese e-bikes

THE European Union will impose duties from Thursday on Chinese electric bicycles in a move to curb cheap imports that European producers say are flooding the market.

19 hours ago

STI flat as investors stay on sidelines

Leila Lai - SINGAPORE stocks opened higher on Wednesday, but a lack of direction and drivers pared gains in the key Straits Times Index (STI) and led it to finish flat on the day.

19 hours ago

Why investors don't care about crude's drop

CRUDE prices are down yet European oil companies are weathering the slump, signalling a change in fortunes for last year's laggards.

19 hours ago

Iron ore overpowers bears as trade fight batters commodities

IRON ore has become the odd man out as a spike in global trade tensions hurts commodities, with importers in top user China scooping up cargoes to feed booming mills and the government intensifying an anti-pollution drive. That's helped benchmark prices to stay the course.

19 hours ago

Vitol partners Peabody to grind coal

VITOL Group, the biggest independent oil trader, and mining giant Peabody Energy Corp are joining forces to give coal a new lease on life.

19 hours ago

As Amazon slashes prices, Bezos sees jump in wealth

AS Amazon marked its "Prime Day" with price cuts across a range of products, founder and chief executive Jeff Bezos saw his net worth hit new peaks, increasing his lead over fellow billionaires.

19 hours ago

2017 a bumper year for insurance par fund returns

Genevieve Cua - 2017 has turned out to be a robust year for policyholders of traditional participating (par) policies. But they are likely to have to brace themselves for a more modest performance this year.

19 hours ago

New AI lab to leverage Grab and NUS data

Jacquelyn Cheok - AMID tussles with various South-east Asian governments over its potential monopolistic behaviour in the ridehailing sector due to its acquisition of Uber's regional business, Grab continues to push its agenda of making South-east Asia a more liveable place.

19 hours ago

Toll group's S$228m hub takes logistics to new level

Lisayani Kriwangko - AUTOMATION and efficiency are at the heart of the Tuas-based Toll City, the S$228 million logistics hub officially launched on Wednesday.

19 hours ago

The greatest auto show on earth

THE SUN was beating down relentlessly in the little French town of Le Mans two weekends ago, but it was literally raining cars - 8,500 shiny, scrubbed racing machines from as far back as 1925 which were assembled for the biennial auto fashion show that is the legendary Le Mans Classic. Check out Fr ...

19 hours ago

CapitaLand bags 4 awards, DBS strikes 'royal flush' at Singapore Corporate Awards

Rachel Mui - MAINBOARD-listed CapitaLand was one of the biggest winners at the 13th annual Singapore Corporate Awards (SCA) on Wednesday, alongside DBS Group, which was conferred the Special Recognition Award for its "all-round excellence in corporate governance".

19 hours ago

Leading corporate lights crowned

RESORTS World Sentosa was the venue of several coronations on Wednesday evening - a Who's Who of the corporate world showed up for the Singapore Corporate Awards, at which honours in five categories were presented to large-, mid- and small-cap companies which had shone in corporate governance ...

19 hours ago

COEs for cars rebound; Cat A premium up 30.8%

Christopher Tan - CERTIFICATE of entitlement (COE) prices for cars ended higher at the latest tender on Wednesday, signalling strong sales after premiums plunged to an eight-year low two weeks ago.

19 hours ago

Sias urges Shanghai Turbo shareholders to reject proposal to remove board

Chin Yong Chang - MINORITY shareholders of Shanghai Turbo Enterprises have been urged by the Securities Investors Association (Singapore), or Sias, to vote against a proposed resolution to remove the incumbent board of directors at the upcoming extraordinary general meeting (EGM) on July 24.

19 hours ago

Brokers' take

Soilbuild Business Space Reit | Buy

19 hours ago

Koufu shares close flat at S$0.63 on trading debut

Navin Sregantan - SHARES in FOOD court operator Koufu Group closed flat at S$0.63 on the company's trading debut on the mainboard on Wednesday, with about 34.6 million shares changing hands.

19 hours ago

Vibrant's auditors note irregularities in certain Blackgold units

Navin Sregantan - AUDITORS of Vibrant Ltd were unable to complete an audit of the company's financial statements for the year ended April 30 due to irregularities and discrepancies found in accounts of certain units of wholly owned subsidiary Blackgold International Holdings.

19 hours ago

Dilution gain boosts Keppel T&T Q2 profit to S$26m

Yunita Ong - KEPPEL Telecommunications & Transportation (Keppel T&T) spent more on operations even as it registered a lower turnover in its second quarter. But a dilution gain following Keppel DC Reit's private placement exercise ultimately helped boost its bottom line.