1 day ago
Singapore O&G plays soar on oil supply fears
Navin Sregantan - WITH US-China trade tensions receding, investors had been gearing up for the slew of central bank meetings led by the US Federal Reserve's likely rate cut decision.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Keppel DC Reit to raise S$473.8m to help fund data centre acquisitions
Rachel Mui - KEPPEL DC Reit is planning to raise about S$473.8 million to partially fund the acquisition of a 99 per cent stake in data centre Keppel DC Singapore 4 (KDC SGP 4), along with a 100 per cent stake in 1-Net North Data Centre (1-Net North DC).
1 day ago
HSBC hires Philip Lee as S-EA vice-chairman for global banking franchise
Jamie Lee - HSBC on Monday said it has appointed banking veteran Philip Lee as vice-chairman, South-east Asia, for its global banking franchise.
1 day ago
Garlick Ave bungalow put up for sale for S$16.5m
Vivienne Tay - A SINGLE storey detached bungalow located at 72 Garlick Avenue in a good class bungalow (GCB) area has been put up for sale via expression of interest (EOI) for S$16.5 million.
1 day ago
Business confidence for Q4 hits near two-year low
Ng Ren Jye - SINGAPORE'S business confidence for the final quarter touched a near two-year low, with manufacturing and wholesale trade braced for a downturn.
1 day ago
Singapore clings on to third place in FX trading race, survey finds
Jamie Lee - THE recent carry trade activities linked to the Hong Kong dollar - an arbitrage via the selling of a lower-yielding currency for a higher-yielding one - has led in part to Singapore being trailed ever so closely by Hong Kong in the global foreign exchange (forex or FX) trading race.
1 day ago
China's economy slows further in August as trade war bites
Virginie Mangin - CHINA'S industrial output and retail sales growth slowed further last month, adding pressure on the government for more policy easing.
1 day ago
Saudi attacks bring into focus security risks for global oil facilities
Tay Peck Gek - THE weekend attack on Saudi oil plants that slashed global supply by 5 per cent has brought to the fore security vulnerabilities faced by upstream and downstream oil facilities around the world, adding to the upward pressure on oil prices.
1 day ago
Hong Kong IT player eyes expansion in South-east Asia
Annabeth Leow - INFORMATION technology (IT) firm PCCW Solutions, which began a push into South-east Asia in late 2017, aims to grow the regional business to the size of its North Asian home market - such as Hong Kong, Taiwan and mainland China - in the next five years.
1 day ago
Crayon Data is busy redrawing battle lines
Leila Lai - EACH time a customer makes a purchase based on personalised options offered by a tech-based aggregator service, the heat is cranked up a little more on traditional companies that haven't yet adopted personalised marketing.
1 day ago
Uber to limit drivers' app access to comply with NYC regulation
Natalie Choy - Uber on Tuesday will begin limiting drivers' access to its app in New York City to comply with regulation aimed at boosting drivers' pay and easing congestion in Manhattan, laws that Uber says will have unintended consequences.
1 day ago
FedEx to increase shipping rates across units in 2020
Natalie Choy - U.S. package delivery company FedEx Corp said on Monday shipping rates at its express unit, which delivers packages using planes, will increase by an average of 4.9per cent for domestic, export and import services starting Jan. 6 next year.
1 day ago
Trump says looks like Iran was behind Saudi oil attacks
Natalie Choy - An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said Washington was "locked and loaded" to hit back.
1 day ago
Wall Street tumbles as skyrocketing oil prices rattle nerves
Natalie Choy - NEW YORK: US stocks tumbled into the red on Monday (Sep 16) as attacks on Saudi crude production and record jumps in oil prices whipped up investor anxieties about the global economy. Saturday's devastating attacks on Abqaiq - the world's largest oil processing facility - and the Khurais oil field ...
1 day ago
Workers picket GM plants as UAW contract talks resume
Negotiators for General Motors Co and the United Auto Workers were continuing talks Monday afternoon to resolve a strike that shut down the automaker's highly profitable U.S. operations.
1 day ago
US-China deputy-level trade talks to begin Thursday in DC: USTR
Natalie Choy - Deputy trade negotiators for the United States and China will meet in Washington beginning on Thursday, a spokesman for the U.S. Trade Representative's office said on Monday.
2 days ago
Evidence points to Iran involvement in attack, says Saudi alliance, as oil prices soar
Natalie Choy - An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said Washington was "locked and loaded" to hit back.
2 days ago
Exclusive: Tinder breaks into scripted original content, wraps filming first video series - sources
Natalie Choy - Popular dating app Tinder has wrapped filming on its first television series, as owner Match Group Inc seeks to dive deeper into creating original content, people with direct knowledge of the project told Reuters.
2 days ago
Airbus, French exporters reel as US tariffs loom in subsidy row
Shares in Airbus and French luxury goods exporters fell on Monday as the European Union acknowledged it may face U.S. tariffs in a long-running dispute over aircraft subsidies, part of an escalating tit-for-tat trade row.
2 days ago
Order checks for Apple's new iPhone bode well: analysts
Natalie Choy - Pre-orders for Apple Inc's latest iPhones have gotten off to a better start than the last cycle a year ago, several Wall Street analysts said on Monday, citing their own research data.
2 days ago
Evidence points to Iranian hand in oil attack, says Saudi alliance, as prices soar
Natalie Choy - An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said Washington was "locked and loaded" to hit back.
2 days ago
Cutting-edge electric boat undergoes testing on river Seine in Paris
Natalie Choy - An innovative boat that saves energy by rising out of the water on hydrofoil wings underwent testing on the Seine river in Paris on Monday as its backers seek to obtain a licence to operate a taxi service on the river.
2 days ago
Facebook's Libra in regulators' sights as ECB's Coeure warns of 'stablecoin' risks
Natalie Choy - Facebook's attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such "stablecoins" posed serious risks.
2 days ago
Oil prices rocket as drone attack slashes Saudi output
Natalie Choy - LONDON: Oil prices saw their biggest daily gain since the 1991 Gulf War on Monday (Sep 16) after drone attacks on two Saudi oil facilities halved output in the world's top crude exporter, fuelling fresh geopolitical and growth fears. Europe's benchmark Brent crude surged by 20 per cent and US ...
2 days ago
Amazon Web Services creates 500 jobs in Germany
Amazon Web Services said on Monday it was creating 500 jobs in Germany and opening a new office in Munich that will showcase what cloud computing can do for potential clients in Europe's largest economy.
2 days ago
Wall Street drops after Saudi attacks; energy stocks limit losses
Natalie Choy - U.S. stocks fell on Monday on global growth worries after weekend attacks on Saudi Arabia's crude facilities hit 5per cent of the world's supply, but a sharp jump in crude prices lifted beaten-down energy stocks and kept losses in check.
2 days ago
TEE International's ex-CEO Phua Chian Kin to give up control with share sale
Chan Chao Peh - SINGAPORE (Sept 16): Phua Chian Kin, the former CEO of TEE International, has signed a term sheet to sell 150 million shares he held in the company at 6 cents per share, or $9 million. The quantum of shares represents some 23% of the entire company, TEE International announced on Sept 16. The sale, ...
2 days ago
Tiong Seng CEO Pek Lian Guan under CPIB probe
Chan Chao Peh - SINGAPORE (Sept 16): Pek Lian Guan, the CEO and executive director of Tiong Seng Holdings, is being probed by the Corrupt Practices Investigation Bureau in connection with certain staff loan transactions. In a filing to SGX on Sept 16, the company revealed that Pek, who has worked in the constructi ...
2 days ago
Evidence points to Iran weapons used in Saudi strike, says alliance, as oil jumps
Natalie Choy - An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said Washington was "locked and loaded" to hit back.
2 days ago
Jumbo opens 2nd Tsui Wah outlet in Singapore at Orchard Rd
Claudia Chong - JUMBO Group has opened its second Tsui Wah outlet in Singapore at The Heeren along Orchard Road.
2 days ago
Closing date of offer for Star Pharmaceutical extended by 2 weeks
Claudia Chong - THE closing date of the S$0.45 a share offer for Star Pharmaceutical has been extended to 5.30pm on Oct 7.
2 days ago
Explainer: How Singapore is affected when Saudi oilfields burn
siewfern -
2 days ago
GM, UAW restart talks as workers take to picket lines
Negotiators for General Motors Co and the United Auto Workers are scheduled to restart bargaining Monday to resolve a strike that shut down the automaker's highly profitable U.S. operations.
2 days ago
TEE International's controlling shareholder to sell 23% stake in group
Claudia Chong - TEE International's controlling shareholder Phua Chian Kin has entered into a binding term sheet to sell 150 million shares in the company, representing a 23 per cent stake, for a total of S$9 million in cash or S$0.06 per share.
2 days ago
US, Chinese trade deputies seen meeting Friday: US Chamber CEO
Navin Sregantan - U.S. and Chinese deputy trade negotiators are expected to meet on Friday, with senior negotiators likely to meet about a week and a half later, U.S. Chamber of Commerce CEO Tom Donohue said on Monday, citing a conversation with U.S. Trade Representative Robert Lighthizer.
2 days ago
Indonesia finance minister defends plan to raise cigarette prices
Indonesia's finance minister defended on Monday a plan to raise cigarette prices by more than a third from next year to reduce smoking rates, after some in the tobacco industry said it would encourage illegal manufacturing and threaten jobs.