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

Britain delays decision on Huawei's role in 5G networks

LONDON: Britain on Monday postponed a decision on whether Huawei could participate in building next-generation 5G mobile networks until it had a clearer picture on the impact of US measures taken against the Chinese company. "These measures could have a potential impact on the future availability . ...

1 day ago

Equifax's US$700 million data breach settlement spurs calls for new rules

STEFANIE YUEN THIO - Credit-reporting company Equifax Inc will pay up to US$700 million to settle claims it broke the law with a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that could spur new consumer data rules.

1 day ago

Facebook, Amazon and Alphabet take centre stage on Wall Street

STEFANIE YUEN THIO - The so-called FANG stocks take centre stage on Wall Street this week, with Amazon , Alphabet and Facebook set to report as the S&P 500 approaches a record high.

1 day ago

Facebook, Amazon and Alphabet take center stage on Wall Street

STEFANIE YUEN THIO - The so-called FANG stocks take center stage on Wall Street this week, with Amazon, Alphabet and Facebook set to report as the S&P 500 approaches a record high.

1 day ago

Huawei's US research arm laying off workers

STEFANIE YUEN THIO - The U.S.-based research arm of China's Huawei Technologies Co Ltd - Futurewei Technologies Inc - announced worker layoffs on Monday, according to two Futurewei employees.

1 day ago

Warburg Pincus-backed Trax closes $100m Series D round led by HOPU

Kristie Neo - The startup is valued at around $1.3 billion after the funding. The post Warburg Pincus-backed Trax closes $100m Series D round led by HOPU appeared first on DealStreetAsia.

1 day ago

Democrats, White House near deal to raise debt ceiling

STEFANIE YUEN THIO - WASHINGTON: US Democrats have nearly reached a deal with the Trump administration to raise the debt ceiling, allowing the government to borrow more money and avoid a disastrous default, sources close to the negotiations said on Monday (Jul 22). The "near-final agreement" would suspend the debt ...

1 day ago

Trump expected to drop in on White House tech meeting with Broadcom, Intel CEOs: sources

STEFANIE YUEN THIO - Chief executives from chipmakers Intel and Broadcom will attend a Monday meeting at the White House to discuss Huawei's blacklisting and other topics, and President Donald Trump is expected to drop in even though the meeting was not on his official schedule, according to two people briefed on the .. ...

1 day ago

They thought they didn’t match up to their NTU peers, but turned weakness into strength

siewfern -

1 day ago

Huawei secretly helped North Korea build, maintain wireless network: Washington Post

Huawei Technologies Co Ltd, the Chinese company put on a U.S. blacklist because of national security concerns, secretly helped North Korea build and maintain its commercial wireless network, the Washington Post reported on Monday, citing sources and internal documents.

1 day ago

Putin gives Russian citizenship to Novatek's finance chief, a US national

STEFANIE YUEN THIO - MOSCOW: President Vladimir Putin handed Russian citizenship to gas producer Novatek's veteran finance chief Mark Gyetvay on Monday (Jul 22), a move that could potentially help the US national bypass some sanctions restrictions. US sanctions imposed on Russia in 2014 ban US nationals and companies ...

1 day ago

European stocks tread water as oil gains on Gulf standoff

STEFANIE YUEN THIO - LONDON: European stocks marked time near their opening levels in Europe and the US on Monday (Jul 22) after losses in Asia as traders readied for earnings reports from hi-tech heavyweights later in the week. Oil prices spiked higher meanwhile, before easing back to conserve modest gains amid ...

1 day ago

Frenzied debut of China's Nasdaq-style board adds US$44b in market cap

STEFANIE YUEN THIO - SHANGHAI: Trading on China's new Nasdaq-style board for homegrown tech firms hit fever pitch on Monday (Jul 22), with shares up as much as 520 per cent in a wild debut that more than doubled the board's combined market capitalisation and beat veteran investors' expectations. Sixteen of the first ...

1 day ago

Trump is expected to drop in on White House tech meeting with Broadcom, Intel CEOs: sources

STEFANIE YUEN THIO - Chief executives from chipmakers Intel and Broadcom will attend a Monday meeting at the White House to discuss Huawei's blacklisting and other topics, and President Donald Trump is expected to drop in even though the meeting was not on his official schedule, according to two people briefed on the .. ...

1 day ago

Microsoft to pay criminal fine to settle US anti-bribery charges

STEFANIE YUEN THIO - Microsoft Corp agreed to pay more than US$25 million, including an US$8.75 million criminal fine imposed on its Microsoft Hungary unit, to settle U.S. charges it violated a federal anti-bribery law, the U.S. Securities and Exchange Commission said on Monday.

1 day ago

Bunge and BP team up for Brazil sugar and ethanol venture

STEFANIE YUEN THIO - U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world's third-largest sugarcane processor.

1 day ago

Equifax to pay US$700 million over 2017 data breach, compensate consumers

STEFANIE YUEN THIO - Credit-reporting company Equifax Inc will pay up to US$700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information that affected around 147 million consumers, authorities said on Monday.

1 day ago

Philips sales spurred by rising Chinese healthcare spending

STEFANIE YUEN THIO - Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter, putting its shares among the top performers in Europe on Monday.

1 day ago

Toshiba Memory sees 'good chance' of M&A in push for data center business

Japan's Toshiba Memory said there was a "good chance" of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers.

1 day ago

Microsoft settles US charges it violated anti-bribery law, accepts criminal fine: SEC

STEFANIE YUEN THIO - Microsoft Corp agreed to pay more than US$25 million, including an US$8.75 million criminal fine imposed on its Microsoft Hungary unit, to settle U.S. charges it violated a federal anti-bribery law, the U.S. Securities and Exchange Commission said on Monday.

1 day ago

Wall Street gains as earnings season gathers steam

U.S. stock index futures rose slightly on Monday as investors geared up for a busy week of corporate earnings, with results from major companies including Facebook and Amazon on tap.

1 day ago

Trendlines to receive S$10.9m investment from Librae Holdings

Leila Lai - CATALIST-LISTED startup incubator The Trendlines Group announced on Monday that it will be receiving a S$10.88 million injection from Librae Holdings Limited (LH), a company related to UK business tycoon Vincent Tchenguiz.

1 day ago

Equifax to pay up to US$700 million in US data breach settlement

LEON LIM - Credit-reporting company Equifax Inc will pay up to US$700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information that affected around 147 million consumers, authorities said on Monday.

1 day ago

Huawei secretly helped North Korea build, maintain wireless network: Report

LEON LIM - Huawei Technologies, the Chinese company put on a US blacklist because of national security concerns, secretly helped North Korea build and maintain its commercial wireless network, the Washington Post reported on Monday, citing sources and internal documents.

1 day ago

Corrected: Frenzied debut of China's Nasdaq-style board adds US$44 billion in market cap

Trading hit a fever pitch, with shares rocketing as much as 520per cent, as China's new Nasdaq-style board for homegrown tech firms debuted on Monday, with valuations exceeding even the expectations of veteran investors braced for a wild ride.

1 day ago

Datapulse responds to SGX notice regarding hotel investments and management agreements

Leila Lai - IN response to a notice of compliance from the Singapore Exchange Regulation (SGX RegCo) on Friday, Datapulse Technology said on Monday that the basis for its recent investments in two hotels was to further its property business mandate.

1 day ago

Toyota fetches new way to use AI, self-drive tech in Tokyo Games

Miniature remote controlled cars have proved to be a crowd pleaser at track and field throwing events, but for the Tokyo 2020 Olympics Toyota Motor Corp is upping the game with a hi-tech way to fetch javelins and hammers: pint-sized, self-driving A.I. robot cars.

1 day ago

India's moon mission Chandrayaan-2 lifts off, hopes to probe lunar south pole

India launched a rocket into space on Monday in an attempt to safely land a rover on the moon, the country's most ambitious mission yet in the effort to establish itself as a low-cost space power.

1 day ago

Microsoft to invest US$1 billion in OpenAI

Microsoft Corp said on Monday it was investing US$1 billion in San Francisco-based OpenAI and that the two had formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft's Azure cloud computing service.

1 day ago

Indian panel recommends cryptocurrency ban

LEON LIM - An Indian government panel on Monday recommended ban on cryptocurrency and penalties for any dealing in digital coins.

1 day ago

Number of babies born in Singapore falls to lowest in 8 years

amanda.eber -

1 day ago

Frenzied debut of China's Nasdaq-style board adds US$44 billion in market cap

Trading hit a fever pitch, with shares rocketing as much as 520per cent, as China's new Nasdaq-style board for homegrown tech firms debuted on Monday, with valuations exceeding even the expectations of veteran investors braced for a wild ride.

1 day ago

Wall St. set to open higher as earnings season gathers steam

Sharanya Pillai - U.S. stock index futures rose slightly on Monday as investors geared up for a busy week of corporate earnings, with results from major companies including Facebook and Amazon on tap.

1 day ago

Equifax to pay up to US$650 million in data breach settlement

Credit-reporting company Equifax Inc will pay up to a record US$650 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.

1 day ago

ESR-Reit Q2 DPU remains stable at 1.004 S cents

Leila Lai - ESR-Reit's distribution per unit (DPU) was stable at 1.004 Singapore cents for its second quarter, up just 0.3 per cent from 1.001 cents a year ago, according to the industrial landlord's Q2 results released on Monday.

1 day ago

India panel recommends ban on cryptocurrency

An Indian government panel on Monday recommended ban on cryptocurrency and penalties for any dealing in digital coins.