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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3 days ago

Briefs: Strong demand for tickets on Singapore-Malaysia Causeway reopening; MAS weighs action over DBS service glitch

The Edge Singapore - Quoteworthy: "I was just in Hong Kong, I made a joke that the Communist Party is celebrating its 100th year. So is JPMorgan. And I’ll make you a bet we will last longer." –— Jamie Dimon, chairman and CEO of JPMorgan Chase. He has since issued two apologies Strong demand for tickets on Singapor ...

3 days ago

Yen, franc surge as new virus variant rattles markets

LONDON : The Japanese yen and the Swiss franc surged on Friday, while the Australian dollar and the Norwegian crown slumped, as investors fled for shelter following the discovery of a new coronavirus variant that could resist current vaccines.Closed U.S. markets for Thanksgiving holidays meant marke ...

3 days ago

Yen rallies, rand and Aussie stumble as new variant spurs flight to safety

OTTAWA : The safe-haven yen rallied while the South African rand and risk-sensitive Australian dollar slumped on Friday, as investors ducked for cover following the discovery of a new coronavirus variant that could resist current vaccines.The yen leapt as much as 0.64per cent to 114.595 per dollar, ...

3 days ago

Yen rallies, rand sinks as new COVID variant spurs flight to safety

TOKYO : The safe-haven yen rallied and the South African rand tumbled on Friday as investors turned cautious after Britain raised the alarm over a newly identified coronavirus variant spreading in the African nation.The yen leapt as much as 0.56per cent to 114.68 per dollar, while the rand slumped t ...

3 days ago

China asks Didi to delist from US on security fears

Bloomberg - Chinese regulators have asked Didi Global Inc.’s top executives to devise a plan to delist from U.S. bourses, people familiar with the matter said, an unprecedented request that’s likely to revive fears about Beijing’s intentions for its giant tech industry. The country’s tech watchdog wants ...

3 days ago

Brent slumps under US$80 as investors wary of new variant, Q1 surplus

SINGAPORE :Brent slid nearly 4per cent to below US$80 a barrel on Friday as a new COVID-19 variant spooked investors, adding to concerns that a global supply surplus could swell in the first quarter following the release of crude reserves by the United States and others.Oil fell in tandem with other ...

3 days ago

Oil tumbles on concerns of surplus supply in Q1, new variant

SINGAPORE :Oil prices slid more than 2per cent on Friday on concerns that a global supply surplus could swell in the first quarter following a U.S.-led coordinated release of crude reserves among major consumers and as a new COVID-19 variant spooked investors.Brent crude futures extended declines fo ...

3 days ago

Oil skids on concerns of rising surplus in Q1

SINGAPORE : Oil prices slid more than 1per cent on Friday on concerns that a global supply surplus could swell in the first quarter following a coordinated release of crude reserves among major consumers, led by the United States.Brent crude futures extended declines for a third session, falling 96 ...

3 days ago

ATA shares slump 37per cent in early trade after major client Dyson cuts business ties

KUALA LUMPUR : Shares in ATA IMS Bhd plunged 36.6per cent in early trade on Friday after major client Dyson Ltd cut business ties with the Malaysian supplier.High-tech home appliance maker Dyson told Reuters it had cut ties with the supplier, which makes parts for Dyson's vacuum cleaners and ai ...

3 days ago

ATA shares slump 37% in early trade after major client Dyson cuts business ties

KUALA LUMPUR: Shares in ATA IMS plunged 36.6% in early trade on Friday (Nov 26) after major client Dyson cut business ties with the Malaysian supplier. High-tech home appliance maker Dyson told Reut

3 days ago

Tesla to invest US$188 million to expand Shanghai factory capacity - Beijing Daily

SHANGHAI : Tesla plans to invest up to 1.2 billion yuan (US$187.91 million) to expand production capacity at its Shanghai factory in a project that will last from December to April next year, the state-backed Beijing Daily newspaper reported.The newspaper attributed the information to documents Tesl ...

3 days ago

Tesla to invest US$188 million to expand Shanghai factory capacity: Report

SHANGHAI : Tesla plans to invest up to 1.2 billion yuan (US$187.91 million) to expand production capacity at its Shanghai factory in a project that will last from December to April next year, the state-backed Beijing Daily newspaper reported. The newspaper attributed the information to documents Tes ...

3 days ago

Singapore stocks fall at Friday's open; STI down 0.7%

Wong Pei Ting - SINGAPORE shares fell in early trade on Friday (Nov 26) as European shares bounced off 3-week lows while Wall Street was closed for the US's Thanksgiving holiday.

3 days ago

Stocks slip, havens rally as new COVID-19 variant spooks investors

SYDNEY: Asian stocks suffered their sharpest drop in two months on Friday (Nov 26) after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen and the dollar. MSCI's broadest index of Asia-Pacific shares outside Ja ...

3 days ago

Cuscaden says scheme should 'proceed expeditiously' if SPH shareholders vote against Keppel deal

Michelle Zhu - THE 8-week restriction clause imposed by Keppel does not apply if either Keppel or Singapore Press Holdings (SPH) shareholders vote against the former's proposed acquisition at the relevant extraordinary general meetings.

3 days ago

Stocks to watch: Frasers Property, Keppel, Yanlord, Kimly, Daiwa House Logistics Trust

Tessa Oh - THE following companies saw new developments that may affect trading of their securities on Friday (Nov 26):

3 days ago

Frasers Property to participate in JV for investment in land, providing RMB2.6 bil in funding and bridging loan

Atiqah Mokhtar - Frasers Property has announced that its wholly-owned subsidiary Suzhou Sing He Xiang Management Consultancy Co (SHX) has entered a framework agreement with two joint venture partners for a potential investment in land. SHX will provide funding of around RMB1.6 billion ($337 million) for the investme ...

3 days ago

Tokyo core consumer prices rise at fastest pace in more than a year

TOKYO: Core consumer prices in Tokyo rose at the fastest pace in over a year in November, data showed on Friday (Nov 26), as electricity and fuel costs surged due to higher global energy prices and the costs of overnight stays jumped. The uptick in prices highlights the chance nationwide inflation w ...

3 days ago

Marco Polo Marine back in the black in FY2021 with earnings of $14.8 mil

Atiqah Mokhtar - Marco Polo Marine has announced earnings of $8.8 million for the 2HFY2021 ended September, reversing from the $8.5 million loss the previous year. This brings total FY2021 earnings to $14.8 million, reversing from the $9.2 million loss for FY2020. The FY2021 earnings translate to earnings per share ...

3 days ago

BOJ's Nakagawa says 2per cent price goal isn't sole purpose of BOJ policy - Bloomberg

TOKYO : Achieving 2per cent inflation is not the sole purpose of the Bank of Japan's monetary policy as price moves could fluctuate around that level from time to time, its board member Junko Nakagawa was quoted as saying in an interview with Bloomberg.While consumer inflation is hovering aroun ...

3 days ago

BOJ's Nakagawa says 2% price goal isn't sole purpose of BOJ policy: Report

TOKYO: Achieving 2 per cent inflation is not the sole purpose of the Bank of Japan's monetary policy as price moves could fluctuate around that level from time to time, its board member Junko Nakagawa was quoted as saying in an interview with Bloomberg. While consumer inflation is hovering arou ...

3 days ago

Micron, UMC to withdraw IP complaints against each other

:U.S. chipmaker Micron Technology Inc and Taiwanese peer United Microelectronics Corp (UMC) have agreed to withdraw complaints against each other following a years-long legal dispute over intellectual property (IP).UMC will make a onetime payment to Micron of an undisclosed amount, the pair also sai ...

3 days ago

Japan PM to call for 3% wage hike in next year's labour talks: Report

TOKYO: Japanese Prime Minister Fumio Kishida is expected to urge the business sector to raise wages by about 3 per cent in next year's annual wage negotiations with labour unions, Kyodo news agency reported on Friday (Nov 26). The request will be part of Kishida's initiative to distribute ...

3 days ago

UMC, Micron to withdraw complaints against each other

Taiwan's UMC and US semiconductor firm Micron Technology Inc have agreed to withdraw their complaints against each other, the companies announced on Thursday. UMC, formally known as United Microelectronics Corp, will also make a onetime payment to Micron of an undisclosed amount.

3 days ago

Japan PM seen calling for wage hikes at next year's labour talks: NHK

TOKYO : Japanese Prime Minister Fumio Kishida is considering urging the business sector to raise wages at next year's annual wage negotiations with labour unions, public broadcaster NHK reported on Friday.Some in Kishida's administration are calling for targeting an average wage hike of ar ...

3 days ago

UK sets out plans to boost global digital trade

LONDON : Improving digital trade would provide huge opportunities for British businesses and help boost economic growth, the government's Board of Trade said, setting out how it aims to become a world leader in modern services and online goods.In a report on digital trade to be published on Fri ...

3 days ago

Cooling measures and tax revenues

Fiona Lam - THE <a href="https://www.businesstimes.com.sg/real-estate/singapore-private-home-pric... target="_blank">sustained bullishness</a> in Singapore’s private residential market has led to growing <a href="https://www.businesstimes.com.sg/real-estate/more-property-ex ...

3 days ago

Startup fundamentals still prevail in a changed world

Prantik Mazumdar - A FOUNDER has a problem they are passionate about; the resilience to endure the highs and lows of entrepreneurship; and a propensity to meet people and attract talent to their companies. These are 3 foundations that have underpinned and moulded successful entrepreneurs - and they continue to hold t ...

3 days ago

General counsels and lawyers: Influencers and leaders in sustainability

JEFFERY TAN - IN recent years, we have seen extensive changes in the corporate landscape, not just to the commercial, legal and societal aspects but also how these changes have intertwined in increasingly complex ways. The simplistic Friedman doctrine - where business only had a single focus of growing profits, ...

3 days ago

Aurum Land CEO tears walls down to build communities

Lisa Kriwangko - HAVING worked in academia and later as a management consultant, it was never in Michelle Yong's plan to join the family business.

3 days ago

StanChart CEO finds room for bank to disrupt itself

Kelly Ng - NEITHER too big nor too small - that's a good size to be when seizing the digital economy.

3 days ago

Daiwa House Logistics Trust IPO public offer 9.5 times subscribed

Jude Chan - DAIWA House Logistics Trust (DHLT), a real estate investment trust (Reit) that will invest in logistics and industrial real estate assets across Asia, on Thursday (Nov 25) announced that the public offer of 25 million units to Singapore investors under its initial public offering (IPO) was 9.5 time ...

3 days ago

Philippines market operator has record-breaking year, sees more listings of Reits, SMEs ahead

Raphael Lim - THE Philippine Stock Exchange (PSE) has had a stellar run over the past year, with capital-raising activities approaching records, as well as its largest-ever initial public offering (IPO) coming to the market.

3 days ago

Kimly full-year profit up 55.7% to S$39.3m

Kelly Ng - COFFEE shop and food court operator Kimly reported a 55.7 per cent growth in net profit to S$39.3 million for the full year ended Sep 30, 2021.

3 days ago

Jumbo FY2021 net loss widens to S$11.8m

Tan Nai Lun - SEAFOOD restaurant operator Jumbo Group saw its net loss widen to S$11.8 million for its full year ended Sep 30, 2021, from S$8.2 million a year ago.

3 days ago

STI down 0.2% amid lingering inflation, tapering worries

Uma Devi - LOCAL stocks ended Thursday (Nov 25) in the red as traders approached markets cautiously. Notable factors that weighed on investor sentiment were inflation levels that could exceed forecasted levels, as well as a faster tapering by the US Federal Reserve.