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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1 day ago

Hong Kong: Stocks end with gains

1 day ago

Lenovo posts US$189m full-year loss on one-time write-off

1 day ago

Europe: Shares make timid gains while autos stocks stall

1 day ago

Nestle streamlines R&D to speed up product innovation

Andrea Soh - Food giant Nestle plans to combine its scientific research operations into a single unit in an attempt to speed up development of new products at a time when competition from smaller rivals is intensifying.

1 day ago

Singapore e-commerce platform ezbuy raises $17.6m in pre-series C round

Ka Kay Lum - ezbuy last raised a $20 million series B in 2016 led by Shanghai-based private equity fund Vision Knight Capital. The post Singapore e-commerce platform ezbuy raises $17.6m in pre-series C round appeared first on DealStreetAsia.

1 day ago

Australia shares edge up, aided by Aristocrat Leisure; NZ gains 0.4%

[BENGALURU] Australian shares snapped a five-day losing streak on Thursday, aided by gains for gambling equipment marker Aristocrat Leisure that helped outweigh a continued fall for financial stocks.

1 day ago

P&G to plough US$50 million in Russian plants in 2018

Andrea Soh - The world's largest consumer goods maker Procter & Gamble plans to invest a further 3 billion roubles (US$48.5 million) in its Russian production facilities this year, a senior company executive overseeing the Russian market told Reuters.

1 day ago

MAS slaps warnings on 8 cryptocurrency exchanges; bars ICO issuer

Jamie Lee - THE Monetary Authority of Singapore (MAS) warned eight digital token exchanges in Singapore not to allow trading in digital tokens that are securities or futures contracts without MAS's authorisation, it said on Thursday.

1 day ago

EU competition chief Vestager to announce antitrust decision on Thursday

Andrea Soh - European Commissioner for Competition Margrethe Vestager will hold a news conference on Thursday to announce an antitrust decision, which is expected to be on Gazprom .

1 day ago

Nearly half of big firms in the Asia-Pacific have been victims of financial crime: report

Ann Williams - ALMOST 50 per cent of large companies in the Asia-Pacific have been victims of fraud, theft, money laundering or other financial crimes, according to a new report by Thomson Reuters.

1 day ago

Tokyo: Nikkei index closes down for third straight session

[TOKYO] Tokyo's benchmark Nikkei index fell for the third consecutive session on Thursday, with carmakers battered by news that Washington was considering possible tariffs on automobile imports.

1 day ago

QT Vascular to sell coronary assets to Teleflex for S$98.4m; receive royalties, revenue from supply deals

Rachel Mui - MEDTECH firm QT Vascular on Thursday said it has entered into an asset purchase and option agreement with Teleflex Life Sciences Unlimited Company and New York-listed Teleflex Incorporated to sell the firm's intellectual property rights to its non-drug coated coronary products, including Ch ...

1 day ago

QT Vascular to sell coronary assets to Teleflex for S$98.4 million; receive royalties, revenue from supply deals

Rachel Mui - MEDTECH firm QT Vascular on Thursday said it has entered into an asset purchase and option agreement with Teleflex Life Sciences Unlimited Company and New York-listed Teleflex Incorporated to sell the firm's intellectual property rights to its non-drug coated coronary products, including Ch ...

1 day ago

QT Vascular enters into asset purchase and option agreement with Telefex; resumes trading

MEDTECH firm QT Vascular on Thursday said it has entered into an asset purchase and option agreement with Teleflex<br/>Life Sciences Unlimited Company and Teleflex Incorporated (Telefex) that could raise net proceeds of S$90.3 million after deducting expenses. 

1 day ago

Westpac Bank rate-rigging conduct 'unconscionable', court rules

Tan Hwee Hwee - Australian banking giant Westpac engaged in "unconscionable conduct" in trying to rig benchmark interest rates four times, but was cleared of market manipulation, a court ruled Thursday.

1 day ago

China's Li welcomes German investment as Merkel arrives in Beijing

[BEIJING] China welcomes German firms and will protect their investments, China's Premier Li Keqiang said on Thursday after meeting visiting German Chancellor Angela Merkel, who said Germany supported Chinese investment there.

1 day ago

Singapore stocks: STI resumes Thursday afternoon trading at 3,508.06, up 0.3%

Ann Williams - SINGAPORE stocks resumed trading on Thursday afternoon with the Straits Times Index 11.79 points higher, or up 0.3 per cent to 3,508.06 as of 1.01pm. 

1 day ago

SGX holding retail education carnival at VivoCity this weekend for new investors

Rachel Mui - THE Singapore Exchange (SGX) on Thursday said it will be holding its retail education event this weekend (May 26-27) at VivoCity's Outdoor Plaza Atrium, as part of its ongoing efforts to educate new investors and encourage them to start investing. 

1 day ago

SGX holding investment carnival at VivoCity this weekend to target new investors

Rachel Mui - THE Singapore Exchange (SGX) on Thursday said it will be holding its retail education event this weekend (May 26-27) at VivoCity's Outdoor Plaza Atrium, as part of its ongoing efforts to educate new investors and encourage them to start investing. 

1 day ago

Toyota to build fuel cell stack plant, ramp up fuel cell vehicle sales from 2020

Tan Hwee Hwee - Toyota Motor Corp on Thursday said it plans to build a plant to manufacture hydrogen fuel cell stacks, a key component of fuel cell vehicles, as it seeks to mass manufacture hydrogen-powered cars to expand their usage as a zero emissions alternative to gasoline vehicles.

1 day ago

Deadly protests land a blow to Indian resources magnate Agarwal's ambitions

Tan Hwee Hwee - Indian billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources into a global resources giant. He has already bought stakes in big mining companies, such as Anglo American Plc, and says he plans to spend at least US$1 billion on investments in Africa.

1 day ago

Australia: Shares slip on financials; NZ rises on a2 Milk

[BENGALURU] Australian shares edged down on Thursday, with banks leading the way lower.

1 day ago

North Korea slams 'ignorant and stupid' Pence, renews summit threat

[SEOUL] North Korea called US Vice-President Mike Pence "ignorant and stupid" for his warnings over a planned summit with Donald Trump, renewing a threat to cancel as the US president said the fate of the historic talks will be decided next week.

1 day ago

US launches auto import probe, China says will defend interests

Tan Hwee Hwee - The Trump administration is considering a proposal to impose new tariffs on imported vehicles invoking a national security law that was used to impose tariffs on aluminum and steel, an administration official and three industry officials who had been briefed on the matter said.

1 day ago

Asia: Investors shift cautiously, autos hit by US tariff threat

[HONG KONG] Asian markets were mixed on Thursday with traders concerned about the China-US trade deal and Donald Trump's summit with Kim Jong Un, while automakers were hit by news Washington was considering huge tariffs on vehicle imports.

1 day ago

Rusal CEO, board members quit as company warns on debt payments

Tan Hwee Hwee - Russia's largest aluminum producer, United Company Rusal Plc , said on Thursday its chief executive and seven board members have quit, and warned it may have problems servicing its debt due to the impact of U.S. sanctions.

1 day ago

Singapore wealth advisor WeInvest raises $12.3m in Series A from Schroders, others

Mars Woo - Schroders acquired a minority equity stake as part of WeInvest's Series A funding round. The post Singapore wealth advisor WeInvest raises $12.3m in Series A from Schroders, others appeared first on DealStreetAsia.

1 day ago

Former Malaysia government used money raised from Khazanah to pay 1MDB dues: sources

[KUALA LUMPUR] The government of former Malaysian Prime Minister Najib Razak used money raised from a deal with sovereign wealth fund Khazanah Nasional Berhad to pay for some of the liabilities of state fund 1Malaysia Development Berhad (1MDB), two sources told Reuters.

1 day ago

Singapore exports up 1.1% in Q1 as total trade expands

Tan Hwee Hwee - SINGAPORE: Non-oil domestic exports in Singapore grew 1.1 per cent in the first quarter of 2018, slowing from 10.4 per cent in the previous quarter, according to data released by Enterprise Singapore on Thursday (May 24). Exports of non-electronic products rose by 4.5 per cent over the year in Q1 . ...

1 day ago

US disrupts Russian botnet of 500,000 hacked routers

[WASHINGTON] The US Justice Department said Wednesday that it had seized an internet domain that directed a dangerous botnet of a half-million infected home and office network routers, controlled by hackers believed tied to Russian intelligence.

1 day ago

Najib back for questioning at Malaysia's anti-graft agency over 1MDB

[PUTRAJAYA] Malaysia's embattled former prime minister Najib Razak returned to the anti-corruption agency headquarters for questioning on Thursday, the second time this week.

1 day ago

Malaysia's Najib quizzed for second time over graft claims

[PUTRAJAYA, Malaysia] Former Malaysian leader Najib Razak arrived at the anti-graft agency Thursday to be questioned for a second time this week over a multi-billion-dollar corruption scandal following his shock election loss.

1 day ago

China says has not promised to cut trade surplus with US by a certain amount

Tan Hwee Hwee - BEIJING: China's Commerce Ministry said on Thursday that it had not pledged to cut the country's trade surplus with the United States by a certain figure, and hopes the United States implements measures promised during trade negotiations as soon as possible. Ministry spokesman Gao Feng made the ...

1 day ago

3 Liang Seah Street shophouses for sale at S$30m; 6 Little India conservation shophouses for auction

Rachel Mui - THREE adjoining shophouse at 33 Liang Seah Street have been put up for sale via private treaty at S$30 million, marketer Colliers International said in a press statement on Thursday. 

1 day ago

Three shophouses at Liang Seah Street up for sale at S$30m

Rachel Mui - THREE adjoining shophouse at 33 Liang Seah Street have been put up for sale via private treaty at S$300 million, marketer Colliers International said in a press statement on Thursday. 

1 day ago

South Korea: Stocks edge down, won flat; BOK holds rate as expected

[SEOUL] South Korea's Kospi stock index weakened on Thursday. The Korean won held flat to the US dollar in the local platform, while bond yields fell.