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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24 hours ago

Wall Street drops on report trade deal may not be completed this year

Vivienne Tay - Wall Street edged lower on Wednesday, as hopes of a trade deal receded following an escalation in tensions between Washington and Beijing that also overshadowed upbeat forecasts from retailers Target and Lowe's.

24 hours ago

#MeToo drove rise in CEO firings in 2018: report

The number of corporate leaders fired for #MeToo-related misconduct rose in 2018 while the number of S&P 500 companies led by females fell 20per cent, according to a report from U.S. think-tank the Conference Board.

1 day ago

Tesla needs safeguards to prevent drivers from sleeping on 'Autopilot' - US senator

Vivienne Tay - Democratic U.S. Senator Ed Markey asked Tesla Inc on Wednesday to disable its "Autopilot" driver-assistance system until it installs new safeguards to prevent drivers from evading system limits that could let them fall asleep.

1 day ago

GM sues Fiat Chrysler, alleging bribery of union officials cost it billions of dollars

Vivienne Tay - General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM.

1 day ago

Tesla needs safeguards to prevent drivers from sleeping on 'Autopilot': US senator

Vivienne Tay - Democratic U.S. Senator Ed Markey asked Tesla Inc on Wednesday to disable its "Autopilot" driver-assistance system until it installs new safeguards to prevent drivers from evading system limits that could let them fall asleep.

1 day ago

Wall Street extends fall after report trade deal may not be completed this year

Vivienne Tay - Wall Street edged lower on Wednesday, as hopes of a trade deal receded following an escalation in tensions between Washington and Beijing that also overshadowed upbeat forecasts from retailers Target and Lowe's.

1 day ago

European stock markets retreat on revived trade concerns

Vivienne Tay - LONDON: European stock markets slid lower on Wednesday (Nov 20) on revived concerns for a China-US trade deal after US lawmakers passed legislation to support Hong Kong civil rights, sparking anger in Beijing. On top of that, US President Donald Trump threatened higher tariffs on Chinese goods ...

1 day ago

India allows telecoms firms to defer spectrum payments

Vivienne Tay - India will allow mobile operators to defer payments due for airwave capacity bought via auction until the end of March 2022, finance minister Nirmala Sitharaman said late on Wednesday.

1 day ago

FCC chairman to propose dividing spectrum between auto safety, Wi-Fi use

Vivienne Tay - Federal Communications Commission chairman Ajit Pai will propose on Wednesday splitting a key band of spectrum that had been set aside for auto safety between Wi-Fi use and automakers, sources said.

1 day ago

GM sues FCA, alleging bribery, corruption of union bargaining process

Vivienne Tay - General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM.

1 day ago

Trump says US is still talking to China on trade

Vivienne Tay - U.S. President Donald Trump said on Wednesday the United States is continuing to talk to China but gave no other details, as both sides tried to hammer out a phase one trade deal ahead of looming U.S. tariffs due next month.

1 day ago

Exclusive: ECB flags failings in dirty-money screening at Malta's top bank

Vivienne Tay - Malta's biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank (ECB) said, detailing "severe shortcomings" that could have allowed money laundering or other criminal activities.

1 day ago

Economies in Asia Pacific forecast to shrink by over 2 per cent due to climate change: Study

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1 day ago

Singapore proposes to regulate bitcoin futures

SINGAPORE: Singapore's central bank plans to bring bitcoin and other similar cryptocurrency futures traded on approved exchanges under its regulation in response to interest from international institutional investors, it said on Wednesday (Nov 20). Market watchdogs worldwide have been debating ...

1 day ago

Target sets upbeat holiday sales tone with raised forecast, shares surge

Vivienne Tay - Target Corp signaled a strong start to the holiday season and raised its full-year earnings forecast on Wednesday, betting on its aggressive push into faster delivery and investments in store revamps, sending its shares up 13per cent.

1 day ago

Wall Street dips as mounting US-China tensions cast doubt on trade deal

Vivienne Tay - Wall Street edged lower on Wednesday, as hopes of a trade deal receded following an escalation in tensions between Washington and Beijing that also overshadowed upbeat forecasts from retailers Target and Lowe's.

1 day ago

Hong Kong resident Alex Yeung repatriated for holding illegal assembly in Singapore

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1 day ago

US begins issuing some licenses for companies to supply goods to Huawei

Vivienne Tay - The U.S. Commerce Department confirmed Wednesday it has begun issuing licenses for some U.S companies to supply non-sensitive goods to China’s Huawei Technologies Co Ltd .

1 day ago

PSA's small car platforms should be favored in FCA merger: executive

Small car platforms developed by France's Peugeot should be favored if plans to merge PSA and FiatChrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday.

1 day ago

Terrorism deaths fell in 2018 for fourth straight year, but more countries affected, think tank finds

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1 day ago

Prosus, Takeaway trade barbs in battle for Britain's Just Eat

Vivienne Tay - Technology company Prosus on Wednesday criticized rival suitor Takeaway.com's bid for British food delivery service Just Eat, saying it presents "significant risks" for shareholders.

1 day ago

CleanSG Day a good initiative, but ‘not enough to change habits’

razalia -

1 day ago

People Digest: Hamilton Lane makes top hires; CBRE appoints valuation head

Quynh Nguyen - Hamilton Lane has announced three key appointments while CBRE has appointed head of valuation & advisory services for Singapore. The post People Digest: Hamilton Lane makes top hires; CBRE appoints valuation head appeared first on DealStreetAsia.

1 day ago

GDS Global widens full-year net loss to S$1.76m

Natalie Choy - CATALIST-LISTED GDS Global widened its full-year net loss to S$1.76 million from S$630,000 a year ago, on declining revenue amid continuing weak conditions in the construction industry, said the firm in a filing on Wednesday. 

1 day ago

Aston Martin unveils first SUV, eyes luxury buyers in China

Vivienne Tay - British carmaker Aston Martin unveiled its first-ever sports utility vehicle (SUV) Wednesday at events in Beijing and Los Angeles, signalling it was banking on China's growing appetite for luxury to prop up sales.

1 day ago

Emirates jet swap opens door to Boeing 787 deal in Dubai

Vivienne Tay - Emirates agreed to buy its first Boeing 787 Dreamliners in a last-minute, US$9 billion deal at the Dubai Airshow on Wednesday while reducing its order for the U.S. planemaker's delayed 777X model.

1 day ago

Chinese airlines turn to Asia as long-haul losses pile up

Vivienne Tay - Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift away from prestigious but loss-making North American routes to a market that promises better returns and growth.

1 day ago

Wall Street slips at open on escalating US-China tensions

Vivienne Tay - U.S. stock index futures fell on Wednesday as escalating political tensions between Washington and Beijing sparked fears that the two sides would fail to reach a trade agreement soon.

1 day ago

Young people today feel less financially secure than Merdeka Generation did in their youth: Survey

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1 day ago

Roughly US$400 million of Ripple tokens tied to illegal activity: Elliptic

Tay Peck Gek - About US$400 million of XRP tokens, the currency for the Ripple payment network, is tied to illegal transactions, according to findings released on Wednesday by London-based Elliptic, a provider of risk management systems for the cryptocurrency industry.

1 day ago

E-scooter maker Superpedestrian raises US$20 million, promises fewer breakdowns

Tay Peck Gek - Electric scooter company Superpedestrian on Wednesday said it had raised US$20 million for its diagnostic software that can spot impending hardware failure, a major problem for scooter operators.

1 day ago

Scooter maker Superpedestrian raises US$20 million, promises fewer breakdowns

Tay Peck Gek - Electric scooter company Superpedestrian on Wednesday said it had raised US$20 million for its diagnostic software that can spot impending hardware failure, a major problem for scooter operators.

1 day ago

China's Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman

Tay Peck Gek - China's top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday.

1 day ago

US aviation regulator pledges rigorous certification for Boeing 777X

Tay Peck Gek - DUBAI: The U.S. aviation regulator will ensure certification of Boeing's 777X wide-body jet is conducted rigorously, the agency's head said on Wednesday while reaffirming that its review of the grounded 737 MAX will not be rushed. Problems with a number of aircraft models have led some airlines to . ...

1 day ago

High-tech Japan uses AI in song to welcome pope

Few aspects of life escape the touch of high tech in cutting-edge Japan, including an official song written to welcome Pope Francis when he visits Japan from Saturday.

1 day ago

Union threatens strikes unless Lufthansa makes concessions in wage dispute

Tay Peck Gek - Strikes at Lufthansa units Eurowings, Germanwings Cityline and Sunexpress remain possible despite arbitration talks at the German carrier, a spokesman for trade union UFO said on Wednesday.