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
Food services firm Aramark to buy Avendra, AmeriPride in US$2.35 billion deal
Food services company Aramark said on Monday it would buy Avendra LLC, majority owned by Marriott International Inc , and uniform and linen supplier AmeriPride Services Inc for a total of US$2.35 billion, before tax benefit adjustments.
20 hours ago
As the quartet breaks up, central banking leadership flux looms
Today - WASHINGTON - The leaders of the world's top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects of the crisis, evolving technology and a...
21 hours ago
GL kept at ‘buy’ from Lim & Tan as sale of loss-making assets could have upside potential
Samantha Chiew - SINGAPORE (Oct 16): Lim & Tan Securities is maintaining its “buy” recommendation on GL given its undemanding gearing ratio, attractive discount to its asset value, and potential upside from its sale of loss-making assets. In a Monday report, Lim & Tan’s research team says that since th ...
21 hours ago
South Korea: Stocks edge up as steel, cosmetics gain; won at 4-week high
[SEOUL] South Korean shares edged up early on Monday led by steel and cosmetics firms, but the upside was capped as foreign investors took profit in the tech sector after a recent rally.
21 hours ago
Philippines' Duterte lifts suspension on gold miner Lepanto
[MANILA] Philippine President Rodrigo Duterte has lifted an eight-month suspension order on gold miner Lepanto Consolidated Mining Co, among more than two dozen companies ordered halted by a sacked minister who led an environmental crackdown.
21 hours ago
Developers' sales fall to 657 private homes in Sept from 1,246 units in Aug: URA
Kalpana Rashiwala - SINGAPORE developers sold 657 private homes in September 2017 - down from 1,246 units in August 2017, but higher than the 509 units in September 2016.
21 hours ago
Two stocks CIMB says are poised to ride Singapore’s upswing
PC Lee - SINGAPORE (Oct 16): CIMB is “overweight” on the property and manufacturing sectors and added to top picks Keppel Corp to ride the upswing in Singapore’s property market and Venture Corp for visible growth in volume. This follows advance 3Q GDP growth of 6.3% q-o-q, with growth across the board ...
21 hours ago
Investor relations websites below par: survey
Stanislaus Jude Chan - SINGAPORE (Oct 16): Companies listed on the Singapore Exchange (SGX) have ample room for improvement when it comes to investor relations (IR) websites, according to a first-ever survey by the Investor Relations Professionals Association (Singapore) (IRPAS) and technology provider EQS Group. The IR W ...
21 hours ago
Industry group sees 'ample room for improvement' in investor relations websites
Wong Kai Yi - INVESTOR relations (IR) websites of Singapore Exchange (SGX)-listed companies have "room for improvement", with a total average score of 42 points out of a possible 100, says a recent survey conducted by the Investor Relations Professionals Association (Singapore) (IRPAS) and software sol ...
21 hours ago
Viacom, Charter agree to extend renewal deadline: source
Today - Viacom Inc and Charter Communications Inc agreed on a short-term extension of their renewal deadline, a source familiar with the matter said, as the companies aim to avoid the immediate blackout of Viacom networks. ...
21 hours ago
Venezuela socialists win regional vote, opposition sees fraud
[CARACAS ] President Nicolas Maduro's government won a majority of governorships in Venezuela's regional election on Sunday, drawing fraud suspicions from the opposition whom polls had shown poised for a big win.
21 hours ago
Saving elephants
Nikki Ekstein - Anantara Golden Triangle in northern Thailand is one of the few places where tourists can ethically interact with the country’s elephants I am half-submerged in the Mekong River — the watery border that separates Laos from Thailand and Myanmar — sitting atop a bigeared, pink-spotted, three-ton ...
21 hours ago
Live the yacht life
Bloomberg - Once, chartering a big boat with a crew to cruise the Mediterranean or the Caribbean could cost you in the tens of thousands. A start-up aims to make yacht tourism more affordable and accessible for just US$120 a day. Yachting the French Riviera carries connotations of Champagne-fuelled deck parties ...
21 hours ago
Merger with Tata unit can only benefit Singtel’s Bharti Airtel
PC Lee - SINGAPORE (Oct 16): UOB KayHian is maintaining its “buy” on Singapore Telecommunications (SingTel) with a target price of $4.53 given 14.8% owned Bharti Airtel will gain 44 million mobile subscribers and addition spectrum from its merger with Tata Teleservices’ consumer mobile business. Bharti ...
22 hours ago
Trump campaign subpoenaed for documents on assault allegations
[WASHINGTON] Donald Trump's campaign has been subpoenaed as part of a defamation suit for documents related to sexual assault allegations that emerged during his run for president, according to a court document.
22 hours ago
Asia: Markets start week with gains, tracking Wall Street
[HONG KONG] Asian markets rose on Monday, building on last week's gains as investors tracked another positive lead from Wall Street, although the dollar was unable to press higher following more weak US inflation figures.
22 hours ago
Chart of the Day: Rig sales volume rose to 26 units in Q2
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Sembcorp Marine sold 15 rigs to Borr Drilling for US$1.3b. This chart from DBS Bank shows the sales volume of oil rigs have risen from 20 units to 26 units in Q2. Amongst the units sold in Q2, 15 were Transocean rigs sold by Sembcorp Marine to ...
22 hours ago
Daily Markets Briefing: STI up 0.49%
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Get ready for some boosts today. The Straits Times Index (STI) ended 16.02 points or 0.49% higher to 3319.11, taking the year-to-date performance to +15.22%. The top active stocks were Keppel Corp, which gained 4.12%, Singtel, which gained 0.5 ...
22 hours ago
Australian, NZ dollars mark time, underpinned by China news
[SYDNEY] /WELLINGTON, Oct 16 (Reuters) - The Australian and New Zealand dollars trod water on Monday with investors content to consolidate recent gains, while more upbeat economic news from trading partner China underpinned sentiment toward the commodity-heavy currencies.
22 hours ago
Masseuse robot starts work in Singapore; Uber reportedly spied on Grab
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No And here's why the global asset bubble won't burst yet. From AFP News via Yahoo!: A robot masseuse named Emma is offering Singaporeans high-tech back rubs with a gigantic metal arm and warm silicone tips which its creators say perfectl ...
22 hours ago
NUS, SMU climb in Financial Times' executive MBA programme rankings; NTU slips
Wong Kai Yi - EXECUTIVE Master of Business Administration (EMBA) offerings from the National University of Singapore (NUS) and Singapore Management University (SMU) have climbed in global rankings compiled by the Financial Times (FT), while Nanyang Technological University's rankings slipped.
23 hours ago
Euro on defensive on political worries, tame inflation dents dollar
[TOKYO] The euro was on the defensive early on Monday after Austria's election and on concerns over Catalonia's confrontation with Madrid, though the dollar also lacked momentum after soft US inflation data.
23 hours ago
Kobe Steel shares tumble to near five-year low as cheating crisis deepens
Shares of embattled Kobe Steel Ltd tumbled to their lowest level in nearly 5 years on Monday, as a cheating scandal at the Japanese steelmaker ensnared hundreds of firms and left investors fearing for the financial and legal fallout.
23 hours ago
Hot Stock: Keppel gains on hopes of upturn in property, offshore cycle
Jamie Lee - SHARES of Keppel Corporation extended their climb on Monday, with one brokerage expecting the worst to be over for the offshore and marine player.
23 hours ago
Worst Southeast Asian stock market may be buoyed by Najib budget
Today - KUALA LUMPUR - Malaysia's government spending could revive gains in the stock market that is Southeast Asia's worst performer despite receiving the most foreign investment in the region. The 2018 budget to be released on Oct 27 is likely to include an...
23 hours ago
Singapore to offer world's largest AI hub: Marvelstone
Jamie Lee - SINGAPORE may be set to have the world's largest artificial intelligence (AI) hub in Singapore's central business district by next year, said Marvelstone Group, the private investment firm behind Singapore's fintech hub Lattice80.
23 hours ago
Restaurant-booking app Chope bags S$18m funding round
Wong Kai Yi - RESTAURANT-BOOKING app Chope has secured S$18 million in investment by multiple investors, led by venture capital firm Square Peg Capital.
23 hours ago
Hong Kong: Stocks open with gains
[HONG KONG] Hong Kong shares rose in the first few minutes of trade on Monday following another record lead from Wall Street, with investors welcoming a healthy US retail sales report.
23 hours ago
Hai Leck wins Jurong Island project
Jamie Lee - HAI Leck Holdings - an engineering and construction services firm - said on Monday it has been awarded a new project from an existing customer in Jurong Island, boosting its order book by S$28 million.
24 hours ago
US, South Korea conduct joint Navy drills to counter North Korea threat
[SEOUL] South Korea and the United States began week-long joint Navy drills in the waters around the Korean peninsula on Monday, amid high tensions over North Korea's nuclear and missile programme.
24 hours ago
Australia: Shares gain as base metals rally; NZ down
[BENGALURU] Australian shares edged higher on Monday, hovering around a four-month high touched in the previous session, with material stocks leading the gains on a jump in base metal prices.
24 hours ago
Broker's take: RHB maintains 'buy' on ThaiBev's Myanmar, restaurant foray
Wong Kai Yi - RHB Research kept a "buy" call on Thai Beverage Public Company (ThaiBev), with a target price of S$1.12 on the back of the company's recent restaurant acquisitions and diversification into Myanmar, it said on Monday in a research note.
24 hours ago
China Sept PPI jump 6.9%, well above forecast; CPI up 1.6%
[BEIJING] China's producer prices rose 6.9 per cent in September from a year earlier, beating market expectations, the National Bureau of Statistics (NBS) said on Monday.
24 hours ago
Singaporeans' inflation expectations fall to 2.93% in September: SMU poll
Wong Kai Yi - SINGAPOREANS' one-year-ahead median headline inflation expectations fell slightly to 2.93 per cent from June's 3.23 per cent, attributed to factors like declining private road transport inflation due to lower COE premiums, and a loosening labour market.
1 day ago
Hot Stock: QT Vascular jumps on hopes of asset sale
Jamie Lee - SHARES of QT Vascular, a maker of coronary products, surged on Monday amid hopes over a "potential transaction" linked to certain coronary assets as announced over the weekend.
1 day ago
Anchor Resources gets nod for Malaysia Lubuk Mandi mine works
Wong Kai Yi - ANCHOR Resources has been given the green light for underground mining and development works at the Lubuk Mandi Mine by Malaysia's Minerals and Geoscience Department from Oct 12 , 2017 to Oct 31 , 2019. Trial runs of mining works will start from mid-November this year.