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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3 days ago

Orange boss doubles down on Huawei defence amid heightened security debate

Ng Ren Jye - The boss of France's state-controlled telecoms operator Orange on Thursday renewed his defence of Huawei's right to sell 5G equipment in Europe amid tense debates on the continent over mobile-network security.

3 days ago

Be calm but watchful, urges PM Lee in CNY message after first confirmed case of Wuhan virus in S’pore

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3 days ago

French investigators to move ahead with Ghosn prosecution over palace party

Ng Ren Jye - French prosecutors investigating a party that former Renault-Nissan boss Carlos Ghosn threw for his wife at the sumptuous Versailles palace will in the next few weeks ask judges to examine the case, bringing a prosecution a step closer.

3 days ago

Retailers bumping up supply of face masks as sales soar in a week due to Wuhan virus

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3 days ago

S&P Global places Boeing's rating on credit watch negative

Ng Ren Jye - S&P Global Ratings on Thursday placed Boeing Co's 'A-' credit rating on 'credit watch' with negative implications, citing a rise in costs and cash outflows at the U.S. planemaker due to a further delay in the grounded 737 MAX's recertification.

3 days ago

First phase of Huawei CFO Meng's US extradition hearing set to wrap up in Canada

Huawei Chief Financial Officer Meng Wanzhou arrived in a Vancouver courtroom on Thursday to wrap up the first phase of a U.S. extradition hearing where her lawyers will respond to the Canadian prosecutor's arguments calling for Meng to be extradited to the United States on bank fraud charges.

3 days ago

Authorities move to block access to Malaysian NGO article that alleges brutality at Changi Prison

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3 days ago

PES creditors fight to reject refinery sale to Hilco: court documents

Ng Ren Jye - NEW YORK: Creditors of bankrupt Philadelphia Energy Solutions are opposing the sale of its oil refinery to Hilco Redevelopment Partners, saying another developer made a more lucrative bid for the site, according to court documents filed on Thursday. Industrial Realty Group submitted a bid of US ...

3 days ago

Uber will begin data collection for self-driving vehicles on Friday in Washington

Ng Ren Jye - Uber Technologies Inc said Thursday the company will begin data collection for self-driving vehicles on Washington roads Friday with manual drivers behind the wheel, the first step towards potential future deployment.

3 days ago

SDP adds a sentence to statement after court reminder to ensure its account of Pofma trial is accurate

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3 days ago

Goldman Sachs to companies: Hire at least one woman director if you want to go public

Ng Ren Jye - From June 30, Goldman Sachs Group Inc will only help take a company public if it has at least one diverse board member, as such companies perform better after listing, Chief Executive David Solomon said on CNBC on Thursday.

3 days ago

European stocks retreat, oil slides as China struggles with virus

Ng Ren Jye - LONDON: European markets slid on Thursday (Jan 23) on investor nervousness surrounding the spread of a deadly new virus from China as authorities strove to contain the disease. "Traders are cutting their exposure to stocks for fear the health crisis will spread," said David Madden, market analyst .. ...

3 days ago

Central bank digital currencies: Moving towards reality?

Central banks are looking at creating their own digital currencies - a stark contrast to the ethos of cryptocurrencies that seek to subvert mainstream authority over money.

3 days ago

Wuhan virus: Authorities ramp up border checks, advise Singaporeans to keep calm and stay vigilant

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3 days ago

Rasa Sentosa hotel room where patient with Wuhan virus stayed has been disinfected and sealed

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3 days ago

White House says it takes reports of Amazon chief Bezos' phone hack seriously

Ng Ren Jye - The White House on Thursday said it is taking reports about the hacking of Amazon chief and Washington Post owner Jeff Bezos' phone seriously, after reports raised questions about the possible involvement of Saudi Arabia's crown prince.

3 days ago

US regulator to review recommendation on Fiat Chrysler's Jeep complaint against Mahindra

Ng Ren Jye - A U.S. regulator said it will review part of a recommendation made last fall that India's Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles' Jeep SUV design.

3 days ago

Comcast results beat forecasts on broadband growth; 'Cats' hits NBC Universal unit

Ng Ren Jye - Comcast Corp on Thursday beat Wall Street's revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film "Cats" bombed at the box office.

3 days ago

More central banks look to issue own digital currencies - BIS

Ng Ren Jye - A rising number of central banks are likely to issue their own digital currencies in the next few years, research by the Bank for International Settlements (BIS) showed on Thursday, as interest in the technology heats up.

3 days ago

Greek top court approves extradition of cybercrime suspect

Ng Ren Jye - Greece's top administrative court has ruled in favour of extraditing to France a Russian man suspected of laundering billions of dollars in digital currency, a judicial official said on Thursday.

3 days ago

Video app TikTok partners with Merlin Networks to expand music library

Ng Ren Jye - Popular video app TikTok said on Thursday it had partnered with Merlin Networks, bringing its users a wider choice of music from the labels and distributors associated with the digital rights company.

3 days ago

Apple pushes back against EU common charger, warns of innovation risks

Ng Ren Jye - iPhone maker Apple on Thursday pushed back against EU lawmakers' call for a common charger, warning the move could hamper innovation, create a mountain of electronic waste and irk consumers.

3 days ago

ECB's Lagarde sees ebbing risks to eurozone, vows climate action

Ng Ren Jye - European Central Bank president Christine Lagarde was slightly more upbeat on Thursday (Jan 23) about risks to the eurozone economy, and insisted climate change would be central to a rethink of the institution's goals and methods.

3 days ago

Tuan Sing Q4 net profit slumps 73% on lower fair-value adjustment

Claudia Chong - TUAN Sing Holdings' net profit slumped 73 per cent to S$31.4 million for the fourth quarter ended Dec 31, 2019 due to lower fair-value adjustment.

3 days ago

M&A strong though Chinese buyers lacking: Citigroup's Kalvaria

Ng Ren Jye - Geopolitical uncertainties are not deterring Citigroup Inc clients from strategic deals and some unicorns' offer "great potential", but outbound Chinese buyers are lacking, Leon Kalvaria, chairman of the lender's institutional clients group said.

3 days ago

Healthy travel demand helps cushion 737 MAX toll for American, Southwest

Healthy travel demand should continue to cushion results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, even as the prolonged Boeing 737 MAX grounding continues to hit costs and profits.

3 days ago

Frasers Hospitality Trust posts Q1 DPS of 1.3301 S cents

Claudia Chong - FRASERS Hospitality Trust on Thursday posted a first-quarter distribution per stapled security (DPS) of 1.3301 Singapore cents, up from 1.2542 cents a year ago, as it recorded better performance across its portfolio.

3 days ago

Employment rate of Singapore citizens up over last decade: MOM report

SINGAPORE: Helped by efforts to raise the employability of older workers, the employment rate of Singapore citizens rose from 60 per cent in June 2009 to 63.6 per cent in June 2019. Singaporeans also experienced income growth over the same period, while more were working as professionals, managers . ...

3 days ago

Schools, childcare centres, SAF roll out measures to prevent spread of Wuhan virus in Singapore

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3 days ago

Koh Brothers Eco Engineering mulls spin-off of subsidiary Oiltek

The Edge Singapore - SINGAPORE (Jan 23): Koh Brothers Eco Engineering plans to spin-off its 80%-held indirect subsidiary Oiltek Sdn Bhd, for its separate listing on either Catalist or Malaysia’s ACE Market, the company announced on Jan 23. The separate listing will also include Oiltek Nova, a subsidiary of Oiltek. Th ...

3 days ago

Beijing's Forbidden City to close over Wuhan virus fears

Large-scale Chinese New Year events in Beijing have been cancelled as part of national efforts to control the spread of a new SARS-like virus, city authorities announced on Thursday (Jan 23).

3 days ago

Core inflation edges up in December to highest level in 7 months

Amala Balakrishner - SINGAPORE (Jan 23): Singapore’s headline and core inflation for 2019 has eased in line with economists’ expectations and official forecasts. Headline inflation – the measure of the total inflation in the economy – came in at 0.6%, ahead of the 0.4% recorded in 2018, according to the consume ...

3 days ago

GSS Energy CEO Yeung to buy out main operating unit

The Edge Singapore - SINGAPORE (Jan 23): Sydney Yeung, group CEO and controlling shareholder of GSS Energy, is offering to acquire the key operating subsidiary of the company, Giken Sakata (S). “The company is still considering and formulating a response with respect to the potential transaction. “No definitive agr ...

3 days ago

Wall Street opens lower on virus scare, mixed earnings

Rachel Mui - U.S. stock index futures edged lower on Thursday on rising worries over the coronavirus outbreak in China that prompted a lockdown of two cities in the country, with a mixed bag of results adding to the dour sentiment.

3 days ago

PM Lee says Singapore 'better prepared' for another virus after Sars outbreak

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3 days ago

Tesla overtakes Volkswagen as world's second most valuable carmaker

Tesla Inc has overtaken Germany's Volkswagen as the world's second most valuable carmaker behind Japan's Toyota , as the meteoric rise in the U.S. electric vehicle maker's shares reshuffles the global market.