Business Headlines & Singapore Stock Market News | SGinvestors.io

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

1
2
3
4
5
6
7
8

Investors eyeing further Argentina reforms after MSCI snub

THE surprise decision by benchmark investment index provider MSCI to not promote Argentina to its emerging markets stock index could delay much-needed investment in the country, showing that President Mauricio Macri's reform agenda is still far from complete, investors said on Wednesday.

China not facing same pressure as US Fed to shrink balance sheet: PBOC adviser

CHINA'S central bank will not take action to shrink its balance sheet like the US Federal Reserve as it does not face the same pressures due to its use of different policy tools, an adviser to the People's Bank of China (PBOC) said on Thursday.

Mixed session as bank, property stocks lead STI's rebound

R Sivanithy - THE Straits Times Index (STI) on Thursday rebounded from Wednesday's 28-point loss by 13.78 points to 3,215.55, led mainly by the banks, property counters, Jardine Matheson and Hongkong Land.

Norway, NZ central banks lift Nokkie, kiwi $

THE Norwegian krone and the New Zealand dollar were the main movers in an otherwise dormant market in major global currencies on Thursday, both getting a lift on talk from the policy meetings of their countries' respective central banks.

SPH announced that, together with its JV partner Kajima, its consortium has been awarded for S$1.132 billion the HDB tender for a 99Y leasehold site at Upper Serangoon Rd at the Bidadari Estate.

Analysts warn of turbulence in oil market

AFTER Mohammed bin Salman's appointment as crown prince, energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability in the heart of the global oil industry.

Brazil mulls lifting ban on foreign firms mining near border

OPPONENTS of unbridled development of Brazil's Amazon region scored a victory this week when environmentalists fronted by supermodel Gisele Bundchen persuaded President Michel Temer to veto legislation that would have removed protections on more than one million acres.

Australia's Caltex sees H1 profit rising as much as 22%

AUSTRALIAN fuel supplier Caltex Australia said on Thursday it expects underlying half-yearly net profit to rise as much as 22 per cent as it benefited from higher refiner margins and bigger volumes of premium diesel sales.

News Corp in advanced talks with Facebook on subscriptions

NEWS Corp, publisher of The Wall Street Journal and The Times of London, is holding "very advanced" discussions with Facebook Inc about subscriptions to its content online, chief executive officer Robert Thomson said.

Inflight Internet all set for take-off

INFLIGHT Internet access, a nascent market still hobbled by slow speeds, is set to take off as dedicated satellites make surfing in the skies a reality, experts say.

Oracle's revenue exceeds estimates with cloud demand

ORACLE Corp's push into cloud computing is picking up momentum, sparking a fourth straight quarter of revenue gains for the software maker.

Intel adds its tech muscle to Israel's Team8 and Illusive to beef up cyber security

INTEL Corp has joined Team8, an Israeli creator of cyber security startups, as a strategic partner and will help with the formation of companies that address the largest cyber security problems, Team8 said on Wednesday.

White House aims to speed US drone, wireless technologies

THE White House is bringing together drone makers, wireless companies and venture capitalists on Thursday to look at ways that the government can help speed new technologies to the marketplace.

China technology giants lead in battle for supermarket supremacy

AS Amazon.com Inc looks to swallow US grocery chain Whole Foods, China's technology giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains.

George Clooney's tequila company sold for up to US$1b

GEORGE Clooney is an award-winning actor, a new father and a world-class prankster. Now he can add "startup founder who hit the jackpot" to his résumé.

Amazon to sell Nike shoes directly via brand registry

AMAZON.COM Inc will begin selling Nike shoes directly through a brand-registry programme designed to keep counterfeit goods off the site, according to a person familiar with the situation.

Bungalows, Barcelona and books in BT Weekend

A NEWBIE property developer and a veteran architect have teamed up to build a unique set of bungalows in King Albert Park. Find out more about this unique design project in BT Weekend this Saturday.

US dollar in for long period of correction: Citi

Tan Jia Hui - THE US dollar will undergo a fairly long period of correction, and this will lift a major headwind for emerging markets, a top analyst said on Thursday.

Toshiba's choice of buyer may reflect opposition to Chinese bids

Anthony Rowley - IN a complex deal described as "highly political and unwieldy", electrical giant Toshiba has reportedly chosen a consortium of Japanese, US and South Korean entities as the preferred bidder for its memory chip unit in its bid to stave off possible bankruptcy.

MSD helps make medicine affordable to the needy

Wong Kai Yi - THE mention of pharmaceutical companies conjures up images of a massive company churning out medicines like colourful sweets.

HNA Commercial Reit's IPO issue size estimated at S$775m

Lynette Khoo - THE upcoming listing of HNA Commercial Reit is expected to have an issue size of around S$775 million, of which Chinese conglomerate HNA Group's Shenzhen-listed associate plans to take up no less than 35 per cent stake to become its largest shareholder.

Brokers fret over market changes threatening their business models

Cai Haoxiang - A NUMBER of Singapore brokers have already matched iFAST's low rates and remain sanguine about the discount broker's entry, saying they have a different business model. But some are fretting.

Corporate digest

MAINBOARD-LISTED Serial System is proposing to spin off its subsidiary Serial Microelectronics (HK) Limited (SMHK) and have it listed on the Stock Exchange of Hong Kong (SEHK). In connection with the proposed spin-off, Serial System intends to transfer its listing from the mainboard of the Singapor ...

Strong pipeline seen for equity raising despite slow first half

Kenneth Lim - EQUITY-BASED fundraising by Singapore-domiciled companies in the first half of 2017 is on track for a 62 per cent slowdown from a year ago, although a robust pipeline is expected to give the next six months a boost.

Noble sells stake in Indonesia coal services firm for US$1

Andrea Soh - STRUGGLING commodity trader Noble Group has sold off its 45 per cent stake in an Indonesian coal logistics service firm for US$1 - a consideration arrived at by taking into account the disposal of a non-core business, said the group in an exchange filing on Thursday.

SIA, Eurowings launch codeshare agreement

Nisha Ramchandani - SINGAPORE Airlines' (SIA) new codeshare agreement with Eurowings has kicked in, giving SIA passengers access to over a dozen routes in Europe.

iFAST launches cheap retail trading service

Cai Haoxiang - FUND distributor iFAST Corporation is gunning for a double-digit market share in retail stockbroking in three to five years, said chief executive officer Lim Chung Chun.

Altice raises US$1.9b in year's second-biggest US IPO

BILLIONAIRE Patrick Drahi's Altice USA Inc raised US$1.9 billion in the second-biggest US initial public offering of the year.

France's Altice USA surges in New York market debut

NEW YORK: Altice USA shares rallied on Thursday (Jun 22) in their New York market debut after the telecom group controlled by French billionaire Patrick Drahi raised some US$1.9 billion in an initial public offering. Shares jumped nine per cent to close at US$32.71 in the first day of trading ...

Health shares boosted as US stocks end flat

NEW YORK: Health and pharmaceutical shares moved broadly higher on Thursday (Jun 22) after Senate Republicans unveiled a new health reform proposal as US stocks ended little changed. Oil prices, which finished at multi-month lows on Wednesday, rallied a bit, boosting some petroleum-linked equities . ...

GSK's new CEO aims to divest sports nutrition brand: sources

GlaxoSmithKline Plc's new Chief Executive Officer Emma Walmsley is shaking up the British drugmaker's portfolio of smaller products with plans to divest its MaxiNutrition sports nutrition brand, two people familiar with the matter said on Thursday.

Tesla eyes manufacturing in China

NEW YORK: Tesla said on Thursday (Jun 22) it was considering the possibility of manufacturing in China as it ramps up for expansion of its line of electric-powered cars. The California company founded by entrepreneur Elon Musk said in an email it was in talks with the Shanghai Municipal Government . ...

Critics say Whole Foods deal would give Amazon an unfair advantage

Today - WASHINGTON - While antitrust experts expect Amazon.com Inc's bid for Whole Foods Market Inc to win regulatory approval, some critics argue the deal should be blocked because it gives the online retailer a nearly unstoppable head...

Dispute at key German plant could hit Daimler output

Today - FRANKFURT - Germany's Daimler could suffer a drop in production of Mercedes-Benz luxury cars next month because of a dispute over future projects between management and unions at a key plant. The works council at...

Unilever shows innovation still intact with 'once-in-a-decade' laundry soap

Today - PORT SUNLIGHT, England - Nearly three months after Unilever CEO Paul Polman promised shareholders greater returns coupled with investments to drive growth, the launch of what it calls the biggest laundry breakthrough in a decade...

Billionaire Buffett throws lifeline to cash-starved Home Capital

Today - Warren Buffett has again ridden to the rescue of an embattled company in desperate need of a vote of confidence. Berkshire Hathaway Inc's commitment of a C$2 billion (US$1.51 billion) credit facility to Home Capital Group Inc...

1
2
3
4
5
6
7
8

Business News & Market Updates |
Business Headlines & Market News | Market Updates By SGX My Gateway | SGX Listed Companies Announcements |

Stocks & REITs Listing |
SGX Listed Stocks | SGX Listed Stocks By Sector | SGX Listed REITs | SGX Listed REITs By Sector |