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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20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
Brokers' take
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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 ...
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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.
20 hours ago
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 ...
20 hours ago
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 . ...
20 hours ago
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.
20 hours ago
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 . ...
20 hours ago
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...
20 hours ago
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...
20 hours ago
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...
20 hours ago
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...