2 days ago
The Swiss have been collateral victims of Brexit since 1992
Denis Macshane - AMID all the Brexit excitement in London, no one seems to have noticed that Switzerland is as much embroiled in a row with the European Union as the UK is.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Singapore asset players find calm in Brexit storm
Lynette Tan - SINGAPORE-LISTED property players aren't seeing a significant impact of the Brexit crisis on their operations and investments in the UK for now, but are watching developments closely.
2 days ago
CDL group GM is Redas new president
Vivien Shiao - THE Real Estate Developers' Association of Singapore (Redas) announced its new management committee for the 2019/2020 term, which is to be headed by City Developments Ltd (CDL) group general manager Chia Ngiang Hong as president.
2 days ago
Serangoon building back on market at lower price
Nisha Ramchandani - A FREEHOLD six-storey commercial building at 291 Serangoon Road is being relaunched for sale at a lower price of between S$46 million and S$49 million.
2 days ago
Where's the pound headed? The jury's out for now
Siow Li Sen - A SINGAPORE housewife with three children studying in London told The Business Times that she changed about S$90,000 for British pounds last year, when the sterling dipped below 1.8.
2 days ago
NODX down a surprise 8.5% in December
Janice Heng - SINGAPORE'S exports ended 2018 on a surprisingly weak note, with non-oil domestic exports (NODX) falling for the second straight month in December and dashing economists' expectations of a 2 per cent rebound.
2 days ago
Worries for LNG as prices slip amid record North Asia imports
Clyde Russell - THE spot price of liquefied natural gas (LNG) in Asia has completely missed its usual winter peak, with much of the blame being laid at the door of milder-than-usual temperatures trimming demand.
2 days ago
Sias chief calls for answers as Hyflux's debt revamp drags on
Marissa Lee - INVESTORS looking forward to Hyflux's second round of townhall meetings today may have to wait a little longer before a detailed survival plan is laid out.
2 days ago
UOBAM upbeat on investment outlook for 2019
Ng Ren Jye - FUNDAMENTAL indicators are pointing to a positive investment outlook in 2019, UOB Asset Management (UOBAM) said in a statement on Thursday.
2 days ago
Sunrise Shares offer turns unconditional, closing date extended to Feb 7
Nisha Ramchandani - THE offer for electrical products trader and distributor Sunrise Shares has turned unconditional, while the closing date has been extended to Feb 7.
2 days ago
STI falls on disappointing export data
Leila Lai - CONCERNS over gross domestic product (GDP) growth dragged the Singapore bourse down on Thursday, after the morning's print of non-oil domestic export (NODX) figures for December showed declines for a second straight month.
2 days ago
JPMorgan board raises Dimon's compensation to US$31 million
Annabeth Leow - JPMorgan Chase & Co CEO Jamie Dimon is receiving a 5 percent raise, bringing his total compensation for 2018 to US$31 million, the company said in a filing on Thursday.
2 days ago
US officials consider lifting China tariffs: Report
Ann Williams - WASHINGTON: US officials have considered lifting tariffs on Chinese imports to calm volatile stock markets and encourage Beijing to make concessions in current trade talks, The Wall Street Journal reported on Thursday (Jan 17). American and Chinese trade officials have until Mar 1 to resolve their ...
2 days ago
Netflix's fourth-quarter revenue misses estimates; shares slip
Ann Williams - REUTERS: Netflix Inc posted lower-than-expected quarterly quarter revenue on Thursday, despite a slate of original content the streaming pioneer released in the quarter including hit thriller "Bird Box", sending its shares down 3 percent. The company said it added 8.84 million paid global ...
2 days ago
Wall Street advances as industrials jump on trade hopes
Ann Williams - Wall Street's main indexes were set to retreat from one-month highs on Thursday after Morgan Stanley's weak results and renewed concerns over the progress of Sino-U.S. trade talks.
2 days ago
Wall Street, industrials rise on trade hopes
Siow Li Sen - Wall Street's main indexes were set to retreat from one-month highs on Thursday after Morgan Stanley's weak results and renewed concerns over the progress of Sino-U.S. trade talks.
2 days ago
Nissan to lay off 700 contract workers in Mississippi
Siow Li Sen - Nissan Motor Co Ltd's U.S. arm said on Thursday it plans to lay off up to 700 contract workers at its Mississippi assembly plant, citing slowing sales of its vans and Titan pickup trucks.
2 days ago
Walmart partners with four more grocery delivery companies
Siow Li Sen - Walmart Inc said on Thursday it has partnered with another four companies as part of its goal of offering grocery home delivery in more than 100 U.S. cities.
2 days ago
Hitachi debacle strengthens Franco-Chinese hand in UK nuclear
Siow Li Sen - Hitachi's decision to freeze its US$28 billion nuclear power project in Britain strengthens the hand of France's EDF and its Chinese partner in talks with the government on how to finance new reactors.
2 days ago
Fossil to sell smartwatch technology worth US$40 million to Google, shares rise
Siow Li Sen - Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc's Google for US$40 million, sending the watchmaker's shares up as much as 11 percent.
2 days ago
Indian air safety watchdog orders extra checks on planes with Pratt & Whitney engines
Siow Li Sen - India's air safety watchdog on Thursday directed airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engines as part of new safety protocols after temporary grounding orders affected the planes last year.
2 days ago
Banca Carige questions Fitch's downgrade
Siow Li Sen - Banca Carige on Thursday challenged a downgrade by ratings agency Fitch, saying it reserved the right to ask authorities to look into the "anomalous" move.
2 days ago
ECB concerned by reports Spanish bank BBVA hired firm to spy in 2004: sources
Siow Li Sen - The ECB has expressed concerns over reports that Spanish bank BBVA hired a former police chief in 2004 to spy on a would-be buyer and some of its officials have discussed it with the bank, a source with knowledge of the situation told Reuters.
2 days ago
PM Lee notes importance of countries following legal due process in phone call with Trudeau
amanda.eber - 12 min 30 sec agoSINGAPORE — Prime Minister Lee Hsien Loong on Thursday (Jan 17) expressed hope that a
2 days ago
Before start of new oil pact, OPEC made progress averting glut
Siow Li Sen - OPEC cut oil output sharply in December before a new accord to limit supply took effect, it said on Thursday, suggesting that producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand.
2 days ago
European stocks falter on trade tensions, Brexit, US shutdown
Siow Li Sen - LONDON: European stock markets retreated on Thursday (Jan 17), with US-China tensions, Brexit worries and a lingering US government shutdown taking their toll to a greater or lesser degree across the world's trading platforms. The pound recovered against both the dollar and the euro, a day after ...
2 days ago
Trade war shifts feed for US hogs away from ethanol byproduct
Siow Li Sen - A steep downturn in U.S. ethanol output linked to the trade war with China is raising costs for American farmers who feed a byproduct of the corn-based biofuel to hogs, cattle and chickens.
2 days ago
Sears chairman Lampert wins bankruptcy auction for retailer with US$5.2 billion bid
Siow Li Sen - Sears Holdings Corp said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid of US$5.2 billion, allowing the 126-year-old retailer to keep its doors open.
2 days ago
Leslie Moonves challenges US$120 million severance denial by CBS
Siow Li Sen - Leslie Moonves, who resigned under pressure as CEO of CBS Corp, is challenging the company's decision to deprive him of US$120 million in severance pay, according to a regulatory filing on Thursday.
2 days ago
RBS seeks investor backing for share buyback plan
Siow Li Sen - State-backed British bank Royal Bank of Scotland is to consult with shareholders on plans for a buyback of its shares owned by the Government, using excess capital to accelerate its return to private ownership.
2 days ago
Explainer: Why Siemens-Alstom rail merger is creating European tensions
Siow Li Sen - Germany's Siemens and France's Alstom agreed in 2017 to merge their rail assets, hoping to create a European industrial champion. But the EU's competition authority has doubts about the deal and could turn it down, despite the companies offering to take steps to clinch it.
2 days ago
Singapore companies not investing enough in employee training: SBF survey
Siow Li Sen - SINGAPORE: Despite the perennial problem of manpower shortage, businesses here are still not giving enough attention and resources to training their employees, the results of an annual survey showed on Thursday (Jan 17). Only 12 per cent invested in better training for their staff in 2018 ...
2 days ago
Singapore December exports post worst fall in 2 years
Siow Li Sen - SINGAPORE: Singapore's non-oil domestic exports (NODX) recorded their worst decline in more than two years in December, with shipments to most of its top markets declining. Exports fell 8.5 per cent year-on-year in December, deepening from a revised 2.8 per cent decline in November, as shipments ...
2 days ago
Wall Street shrugs off weak start to hold at one-month high
Siow Li Sen - Wall Street's main indexes were set to retreat from one-month highs on Thursday after Morgan Stanley's weak results and renewed concerns over the progress of Sino-U.S. trade talks.
2 days ago
Chaswood Resources receives statutory demand of payment for S$3m
Vivien Shiao - CHASWOOD Resources Holdings announced after trading hours on Thursday that it has received a statutory demand of payment from solicitors representing the interim judicial managers of TAP Venture Fund I (TVF) on Jan 16, seeking payment of S$3 million within 21 days.
2 days ago
Coming onstream: Laws banning sale of set-top boxes
amanda.eber - Janice Lim40 min 15 sec agoSINGAPORE — Importers and sellers of set-top boxes that enable streaming of pirated m