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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16 hours ago
Union Pacific to layoff 750 U.S. employees amid broader cost-cutting
Today - Union Pacific Corp said on Wednesday it will cut roughly 500 management jobs and 250 railroad workers by mid-September as the No. 1 U.S. railroad continues broader cost-cutting. The layoffs, which represent about 8 percent of its...
16 hours ago
Saudi Electricity secures US$1.75b in international loans
[RIYADH] Saudi Arabia's national electricity company on Wednesday announced it had secured US$1.75 billion in international loans, its largest to date, to finance future plans.
17 hours ago
Union Pacific to layoff 750 US employees amid broader cost-cutting
David Hughes - Union Pacific Corp said on Wednesday it will cut roughly 500 management jobs and 250 railroad workers by mid-September as the No. 1 U.S. railroad continues broader cost-cutting.
17 hours ago
Amazon set to create 1,000 new jobs in UK
[LONDON] US online retail titan Amazon will create more than 1,000 new jobs next year with the opening of a new warehouse in Britain, under plans unveiled Wednesday.
17 hours ago
Trump isolated after Charlottesville remarks
[NEW YORK] Donald Trump found himself in the eye of a political storm on Wednesday after his stunning remarks on the unrest in Charlottesville, which sparked unease within his own camp and could mark a turning point in his already chaotic presidency.
17 hours ago
Cisco's security business revenue misses estimates, shares drop
David Hughes - Cisco Systems Inc's revenue fell for the seventh straight quarter as declines in its switches and routers businesses outpaced gains at its newer software-focused divisions, such as security.
17 hours ago
US man sentenced to life for killing Chinese student
[LOS ANGELES] A judge in California sentenced a 21-year-old man to life in prison on Wednesday in connection with the beating death of a university graduate student from China.
17 hours ago
US can 'be patient' in raising rates, Federal Reserve members say
[WASHINGTON] US central bankers remain divided over inflation risks, and some argue they can afford to "be patient" before raising rates again, according to the minutes of the last policy meeting released Wednesday.
17 hours ago
US: Stocks rise on dovish Fed minutes
[NEW YORK] US stocks finished higher on Wednesday after Federal Reserve policymakers hinted at a slower pace to future interest rate hikes and retailers gained following a solid earnings report by Target.
18 hours ago
ETFs a mixed blessing for retail investors
Cai Haoxiang - NEVER has investing been so easy. With the click of a button, new investors can buy a portfolio of stocks through an exchange-traded fund (ETF) tracking a stock market index.
18 hours ago
No need to get excited about Trump's rhetoric
Leon Hadar - WHEN yours truly was an undergraduate student majoring in international relations sometime at the end of the last century, one wouldn't be granted a bachelor of arts degree, not to mention a PhD, unless he or she had read, reread and scribbled many notes on the pages of Graham Allison's E ...
18 hours ago
Time for modesty to take a stand against fanaticism
David Brooks - WE'RE living in an age of anxiety. The country is being transformed by complex forces, such as changing demographics and technological disruption. Many people live within a bewildering freedom, without institutions to trust, unattached to compelling religions and sources of meaning, uncertain ...
18 hours ago
India's latest economic report card shows promise
INDIAN Prime Minister Narendra Modi, in his speech to mark India's 70th Independence Day on Tuesday, highlighted several achievements of his government and shared a roadmap of changes he hopes to usher in by 2022.
18 hours ago
50 years on, S'pore's National Service is now a shared legacy
EUGENE K B TAN - EXACTLY 50 years ago, on Aug 17, 1967, Singapore's pioneer batch of 900 full-time National Servicemen (NSmen) enlisted in the Singapore Armed Forces' (SAF) 3rd and 4th Battalions of the Singapore Infantry Regiment. Barely six months earlier, in March 1967, Parliament had passed the Nation ...
18 hours ago
It's time to discuss ethics in this AI era
Manish Bahl - WE have made more progress in artificial intelligence (AI) in the last three years than in the preceding three decades. AI is transforming from handy little applications that make our lives easier (from Alexa and Siri to Uber and Netflix) to something more powerful that is reshaping the commercial ...
18 hours ago
F&B stores should be more experiential
Vijay Sethu - TEN years ago, if you felt like having fried chicken, the only choices were KFC and Arnold's. Today you can choose from 20 brands with over 200 outlets! While this explosion of choice has been great for the customer, it has led to steadily declining business for F&B operators.
18 hours ago
Keppel Land China divests Nantong residential project for 1.43b yuan
Nisha Ramchandani - KEPPEL Land China's wholly owned subsidiary Merryfield Investment has entered into an agreement to divest its 100 per cent stake in Keppel Lakefront (Nantong) Property Development Co (KLNPD) to Nantong Wanjun Commercial Information Consultancy Co for 1.43 billion yuan (S$292 million).
18 hours ago
New tenants to fill half of Century Sq after mall's revamp
Lynette Khoo - ASIAMALLS Management Pte Ltd, the property manager of Century Square, is investing S$60 million to refurbish the decades-old mall.
18 hours ago
Tenants sue Kushner companies claiming rent rule violations
A GROUP of New York City tenants has sued the Kushner Cos, the family real estate firm of Jared Kushner, President Donald Trump's son-in-law and senior White House adviser, accusing the company of systematically violating the state's rent regulations.
18 hours ago
Home Depot increases FY profit forecasts
HOME Depot Inc raised its full-year forecasts but concerns over a looming slowdown in the US housing market due to supply constraints weighed on the retailer's stock.
18 hours ago
Cranes towering over Madrid show Spanish construction recovery
SPAIN'S long-suffering property market is staging a comeback; just count the cranes towering over Madrid.
18 hours ago
Higher costs, project delays dent Fletcher Building's annual profits
FLETCHER Building Ltd, New Zealand's biggest construction firm, posted a far larger-than-expected 80 per cent drop in full-year profits after project delays and spiralling costs.
18 hours ago
Toronto leads Canada's biggest home price fall since 2008 recession
CANADA'S benchmark home price fell by the most in nearly a decade last month as Toronto led a fourth-straight decline in sales.
18 hours ago
Three Texas cities are leading the US in new-home construction
IN the market for a new home? You'll fare better if you're house-hunting in Texas.
18 hours ago
The little Tennessee golf course that could
ARCHITECTURALLY, the best golf holes are those in which success and failure reside in close quarters, according to Rob Collins, who has an intimate understanding of success and failure.
18 hours ago
Regulators boosting efforts to face cyber attacks: Deloitte
Siow Li Sen - AS worries grow over a financial cyber crisis, Asia's regulators are stepping up their efforts to tackle the risks while facing a number of challenges, said a Deloitte report released on Wednesday.
18 hours ago
POSB launches first wearable-tech savings and payments programme for schools
Kimberly Chan - POSB on Wednesday celebrated the official launch of a global first - the POSB Smart Buddy programme - in 19 primary schools.
18 hours ago
China regains spot as largest foreign US creditor
CHINA purchased the most US Treasuries in six years in June, vaulting past Japan as the largest overseas lender to the US government, possibly taking advantage of recent weakness in the dollar in a rising US interest rate environment.
18 hours ago
Hedge fund Elliott Management raises stake in BHP in push for change
HEDGE fund Elliott Management has raised its stake in BHP Billiton to 5 per cent, bolstering its position to agitate for change at the top global miner, but signalled its support for the incoming chairman.
18 hours ago
End of US payments to health insurers would cause premiums to rise
HEALTH insurance premiums for many customers on the Obamacare individual insurance markets would be 20 per cent higher in 2018 if US President Donald Trump follows through on a threat to stop billions of dollars of payments to health insurers, a nonpartisan congressional office said on Tuesday.
18 hours ago
Aflac turns to KKR as Kirsch diversifies US$120b portfolio
AFLAC Inc has turned to KKR & Co for a push into private equity as chief investment officer Eric Kirsch diversifies the insurer's portfolio of almost US$120 billion.
18 hours ago
Four High Court judges appointed: Prime Minister's Office
Lee Meixian - FOUR new judges of the High Court have been appointed by President Tony Tan Keng Yam on the advice of Prime Minister Lee Hsien Loong.
18 hours ago
Britain proposes 'temporary customs union' after Brexit
Neil Behrmann - BRITAIN'S proposal for post-Brexit arrangements with the European Union (EU) calls for a two-year transition period after March 2019, during which the UK will be able to negotiate trade deals with the US, Singapore and other nations, but not implement them. Under the EU customs deal with membe ...
18 hours ago
Many unmoved by Isa Samad's arrest over Felda's hotel deals
Pauline Ng - THE arrest and remand of Isa Samad, former chairman of the Federal Land Development Authority (Felda) and current acting chairman of Spad (Land Public Transport Commission), has been greeted mostly with ambivalence by Malaysians.
18 hours ago
Qatar seen surviving Saudi-led sanctions
QATAR'S economy has been hit by the sanctions imposed by a Saudi-led Arab bloc but the emirate's economy is strong enough to survive, analysts say.
18 hours ago
Rift widens between Trump and business leaders
THE chief executive of Walmart, the world's largest retailer, criticised President Donald Trump in front of his 1.5 million American employees, widening a rift between the White House and the business community that has been growing since the weekend's violence in Charlottesville, Virgini ...