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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24 hours ago
Huawei CFO Meng back in Canadian court fighting US extradition
Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou returned to a Canadian court on Monday to fight her extradition to the United States, where her lawyers argued she only needs to show supporting evidence to add a new allegation of U.S. abuse of process to the case.
24 hours ago
Chicago mayor loosens COVID-related capacity restrictions for businesses including bars, restaurants
Ben Paul - Chicago Mayor Lori Lightfoot on Monday loosened COVID-19-related capacity restrictions for businesses such as bars, restaurants and health clubs, a move that will go into effect later this week.
24 hours ago
US must stand up to China if Biden wins, focus less on trade, Krugman says
Ben Paul - Democratic candidate Joe Biden should maintain a tough stance against China if he wins the US presidential election, but focus more on industrial policy than trade tariffs, according to Nobel-prize winning economist Paul Krugman.
24 hours ago
Tight inventories set the stage for US auto industry rebound
US automakers are facing a problem most forecasters and industry executives did not expect when the pandemic slammed the economy this spring: Strong demand and lean inventories at dealerships.
24 hours ago
United Airlines pilots avert layoffs, other workers hope for bailout
Ben Paul - United Airlines' pilots have voted to accept a deal that would avert the immediate furlough of thousands of pilots, the company said on Monday, even without an extension of federal payroll aid the industry is awaiting.
1 day ago
Amazon to hold Prime Day event on Oct 13-14
Amazon.com Inc said on Monday it would hold its annual shopping event, Prime Day, on Oct. 13 and 14 as the e-commerce giant aims for an early kickstart to the holiday season.
1 day ago
Google says 3per cent of paid apps non-compliant on Play store tax
Alphabet Inc's Google on Monday sought to rebut criticism that it enforces its 30per cent tax on sales of paid apps arbitrarily, saying the just over 3per cent of paid apps that are out of compliance must follow the rules within a year.
1 day ago
Tech, bank shares drive Wall Street higher
Ben Paul - U.S. stocks jumped on Monday, bouncing back from the longest weekly losing streak in a year for the S&P 500 and the Dow, with technology, banks and travel-related shares leading the advance.
1 day ago
United Airlines pilots accept deal to avoid imminent furloughs
Ben Paul - United Airlines' pilots have voted to accept a deal that would avert the immediate furlough of thousands of pilots, the company said on Monday, even without an extension of federal payroll aid the industry is awaiting.
1 day ago
US pension funds sue Allianz after US$4 billion in COVID-19 losses
Ben Paul - Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany's Allianz, one of the world's top asset managers, for failing to safeguard their investments during the coronavirus market meltdown.
1 day ago
Billionaire investor Peltz steps down as adviser at pot producer Aurora
Ben Paul - Aurora Cannabis Inc said on Monday billionaire investor Nelson Peltz has stepped down as adviser, adding to troubles at the Canadian pot producer reeling under the impact of the coronavirus pandemic.
1 day ago
CFTC fines Citigroup US$4.5 million over deleted audio recordings
Ben Paul - The U.S. Commodity Futures Trading Commission said it has fined Citigroup Inc US$4.5 million for supervision failures that led to the deletion of subpoenaed audio recordings.
1 day ago
US pension funds sue Allianz after US$4 billion in coronavirus losses
Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany's Allianz, one of the world's top asset managers, for failing to safeguard their investments during the coronavirus market meltdown.
1 day ago
Pandemic boosting demand for plant-based foods, Nestle says
Ben Paul - Demand for plant-based foods has picked up during the coronavirus crisis as consumers try to eat more healthily and problems at some factories have hit meat supplies, the head of Swiss food giant Nestle said on Monday.
1 day ago
Microsoft gets into 5G race with Azure cloud for telecom operators
Ben Paul - Microsoft Corp unveiled a new cloud platform on Monday aimed at enabling telecom operators to build 5G networks faster, reduce costs and sell customised services to business clients.
1 day ago
GM will repay US$28 million to Ohio in tax incentives after closing plant
Ben Paul - General Motors will repay US$28 million in state tax incentives after it closed its Lordstown Assembly plant in March 2019, the state and automaker confirmed Monday.
1 day ago
Sanofi picks up Principia Biopharma for US$3.7 billion
Ben Paul - PARIS: French pharmaceutical group Sanofi said on Monday (Sep 28) it has finalised acquisition of US biotech firm Principia Biopharma for US$3.7 billion. The operation, first announced in August, was aimed at boosting Sanofi's research and development into auto-immune and allergic diseases ...
1 day ago
Caesars shoots lower than expected with US$3.7 billion William Hill bid
Caesars is in advanced talks with William Hill on a takeover offer that values the British bookmaker at 2.9 billion pounds and would give the casino operator full control of a quickly expanding U.S. sports-betting and online business.
1 day ago
Wall Street kicks off week on high note as tech, bank shares gain
Ben Paul - U.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's industrial profits, while beaten down shares of banking and travel firms bounced.
1 day ago
Sunpower Group bags two contracts worth over 76m yuan
Natalie Choy - MAINBOARD-LISTED Sunpower Group has secured manufacturing and services orders worth over 76 million yuan (S$15.3 million) from two repeat customers.
1 day ago
HSBC in final talks to sell French retail business at hefty loss: Sources
Ben Paul - Cerberus and a rival investment firm have told HSBC they would buy its French retail arm for a symbolic one euro provided the British bank ploughs more than 500 million euros (US$582.70 million) into the business, sources told Reuters.
1 day ago
HSA reviews asthma drug over neuropsychiatric episodes, as parents of affected children call for warnings
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1 day ago
EHT makes changes to board committees
Natalie Choy - EAGLE Hospitality Trust (EHT) on Monday announced fresh changes to its composition of board committees, following a month after it dropped independent director Carl Gabriel Florian Stubbe.
1 day ago
Siemens' record 16 billion euro spin-off falls in Frankfurt debut
Claudia Tan - Shares in Siemens Energy opened lower than expected on their first day of trading on the Frankfurt stock exchange, as Germany's biggest-ever spin-off gears up for a challenging future independent from parent Siemens .
1 day ago
'Take home' lawsuits over COVID infections could be costly for US employers
U.S. businesses with COVID-19 outbreaks are facing an emerging legal threat from claims that workers brought coronavirus home and infected relatives, which one risk analysis firm said could cost employers billions of dollars.
1 day ago
Exclusive: Reckitt kicks off sale of some personal care brands - sources
Claudia Tan - Consumer goods group Reckitt Benckiser Group is preparing to sell some of its non-core personal care brands, including Veet hair removal cream and Clearasil acne cream, four sources familiar with the matter said on Monday.
1 day ago
Three top Apple suppliers to commit US$900 million to India smartphone incentive plan - sources
Three of Apple Inc's top contract manufacturers plan to invest a total of almost US$900 million in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter.
1 day ago
Wall Street opens higher led by banks, travel stocks
U.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's industrial profits, while beaten down shares of banking and travel firms bounced.
1 day ago
A-Smart back in the black with H2 net profit of S$86,000
Natalie Choy - PRINTING firm A-Smart Holdings recorded a net profit of S$86,000 for the six months ended July 31 (H2 2020), reversing a net loss of S$2.12 million in the year-ago period.
1 day ago
JPMorgan pushes payment fraud protection for small business customers
Claudia Tan - JPMorgan Chase & Co. , the country's largest lender, is stepping up payment fraud protections for its small and mid-sized business customers, which continue to be targeted by scammers - particularly amid the COVID-19 pandemic.
1 day ago
Banks, travel stocks set to lead Wall Street higher
Claudia Tan - U.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's industrial profits, while beaten down shares of banking and travel firms bounced.
1 day ago
Devon Energy to buy shale peer WPX for US$2.56 billion in Delaware push
Wilfred Chong - U.S. shale producer Devon Energy Corp said on Monday it would buy peer WPX Energy Inc in an all-stock deal that would create a combined company worth around US$12 billion.
1 day ago
Exclusive: Lagarde's peace at risk as ECB splits over virus response - sources
Wilfred Chong - European Central Bank policymakers are increasingly divided over how to steer the economy through a second wave of COVID-19, threatening President Christine Lagarde's hard-won peace, conversations with eight ECB insiders show.
1 day ago
Walmart picks EG Group founders, TDR Capital as preferred bidders for Asda: Sky News
Wilfred Chong - Walmart Inc has selected the founders of UK petrol station operator EG Group and private equity firm TDR Capital as the preferred bidders for its Asda supermarket chain, valued at 6.5 billion pounds (US$8.39 billion), Sky News reported on Monday.
1 day ago
AirAsia's BigPay to launch payments, remittance services in Singapore
Natalie Choy - AIRASIA's financial services venture BigPay will be expanding its e-wallet services to Singapore, with early access available to users in the coming weeks.
1 day ago
Amazon to hold Prime Day event on Oct. 13-14
Wilfred Chong - Amazon.com Inc said on Monday it would hold its annual shopping event, Prime Day, on Oct. 13 and 14.






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