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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1 day ago
2 killed in Jakarta blasts; Manchester bomber had links to ISIS
INDONESIAN police said on Wednesday that a suspected suicide bomber and a police officer were killed in explosions near a bus station in the eastern part of the capital, Jakarta.
1 day ago
Austria's ams AG unveils S$500 million new plant in Singapore
Tan Jia Hui - AUSTRIAN high-performance sensor solutions supplier ams AG on Wednesday officially opened the new manufacturing facility of Heptagon Micro Optics Pte Ltd, a member of the ams group, in Singapore.
1 day ago
Jump in Nam Cheong, Sunningdale shares triggers trading queries
Lynette Khoo - SHARES of offshore support vessel builder and charterer Nam Cheong and plastics components manufacturer Sunningdale Tech surged amid hefty trading on Wednesday, prompting trading queries from the Singapore Exchange (SGX).
1 day ago
Trump dumps 'clean coal' research
US PRESIDENT Donald Trump promised his administration would bring about "clean coal", but his budget proposed slashing research the industry says it needs to make that a reality.
1 day ago
Adani may exit US$16.5b Aussie coal project without deal: minister
INDIA'S Adani Group could walk away from its US$16.5 billion Carmichael coal project in Australia unless a royalties deal can be reached with the state government, according to federal Resources Minister Matthew Canavan.
1 day ago
Up for grabs: S$2.4b of government tenders in Smart Nation drive
Amit Roy Choudhury - THE government will be calling for a projected S$2.4 billion worth of ICT (Infocomm Technology) tenders in fiscal 2017 in order to maintain the momentum in Singapore's Smart Nation and digitalisation efforts.
1 day ago
Healthcare sector to procure S$300m of ICT projects in FY2017
Amit Roy Choudhury - THE Singapore healthcare sector plans to procure an estimated S$300 million in ICT (infocomm technology) projects in fiscal 2017, independent of the government's intention to call S$2.4 billion in ICT tenders during the 2017 fiscal year.
1 day ago
Singapore-based startup Sea Ltd files with US SEC for US$1b IPO: sources
SEA Ltd, South-east Asia's most valuable startup, has filed confidentially for a potential US initial public offering that could raise about US$1 billion, according to people with knowledge of the matter.
1 day ago
Singapore is top Digital Nation in the Asia-Pacific
Jacquelyn Cheok - SINGAPORE has emerged as the top Digital Nation in the Asia-Pacific (Apac) - by virtue of its strong performance in attracting and retaining digital talent, providing digital companies access to financial capital, and building a strong digital community.
1 day ago
Samsung investigating Galaxy S8 'iris hack'
SAMSUNG Electronics is investigating claims by a German hacking group that it fooled the iris recognition system of the new flagship Galaxy S8 device, the firm said on Wednesday.
1 day ago
China's agriculture drawbacks: too little land, too many tiny plots
CHINA'S agricultural landscape can be summed up fairly simply: it has too little arable land, divided into too many tiny plots, tended by too many farmers, who are mostly too old. And much of the soil is contaminated.
1 day ago
Trump adds one more Chinese trademark to his portfolio
CHINA has granted US President Donald Trump preliminary approval for another trademark in apparel, expanding business interests that have already generated criticism over potential conflicts.
1 day ago
Surbana, CGIF team up to boost local-currency financing for projects
Wong Shiying - THE use of local infrastructure currency bonds for the financing of greenfield projects in South-east Asia just got a leg up.
1 day ago
Passenger car COE premiums fall
Samuel Ee - PASSENGER car certificate of entitlement (COE) premiums fell substantially in the second bidding exercise of May, with the small-car category slumping by nearly S$5,000.
1 day ago
Geely to get operating control of Proton under stake-purchase deal
Pauline Ng - IN a bid to salvage the country's first national car Proton, Malaysia's DRB-Hicom Bhd has agreed to sell 49.9 per cent of Proton Holdings Bhd to China's Zhejiang Geely Holding Group Co and to give the Chinese carmaker management and operating control over Proton.
1 day ago
Noble says it's still in talks; but market's unmoved
Andrea Soh - NOBLE Group's shares continued to slide on Wednesday, while its bonds climbed, as the commodity trader said it remained in talks with various potential strategic partners.
1 day ago
SATS seeking to ramp up productivity with innovation
Nisha Ramchandani - GROUND-HANDLER SATS is aiming to boost productivity further as it implements new technological solutions for its business units, ranging from cooking robots to a smart wheelchair system.
1 day ago
GasHub to list on ASX via reverse takeover of Raffles Capital
Stephanie Luo - HOMEGROWN gas piping and energy services specialist GasHub announced on Wednesday that it will list on the Australian Securities Exchange (ASX) via a reverse takeover of Australian-listed Raffles Capital Limited. The company aims to raise up to A$10 million (S$10.4 million) to support its innovatio ...
1 day ago
Market firm with STI up 8.55 points
R Sivanithy - THE Straits Times Index on Wednesday tracked movements in overseas markets closely, first rising when the Dow futures bounced higher but sliding in the late afternoon when Europe opened in the red and the Dow futures started displaying some weakness.
1 day ago
Brokers' take
mm2 Asia reported a strong set of FY March 2017 results. Net profit for FY2017 of S$18.8 million (+130 per cent) was 13 per cent above our expectations due to better margin.
1 day ago
Dollar pinned near 6 1/2 month lows, Fed minutes in focus
THE dollar stayed pinned near 61/2-month lows on Wednesday, investors' focus shifting from US politics to monetary policy after comments from a Federal Reserve official rekindled expectations of an interest rate hike next month.
1 day ago
Keppel O&M wins first LNG carrier newbuild order
Tan Hwee Hwee - KEPPEL Offshore & Marine has won its first contract to construct liquefied natural gas carriers (LNGCs).
1 day ago
SIA mulling over possibility of raising funds in US$ bonds
AS Singapore Airlines (SIA) Ltd considers broadening its debt sources amid plans to spend S$30.1 billion, some analysts are pointing to the likelihood of a shift to US-dollar bonds and the higher borrowing costs that may entail.
1 day ago
After Fed minutes, Wall Street posts fifth straight win
NEW YORK: Wall Street finished higher on Wednesday (May 24) for the fifth consecutive session, with investors reacting favorably to the US central bank's latest signals that it could raise interest rates as soon as next month. The broad-based S&P 500 rose to an all-time high, with all three major .. ...
1 day ago
New rate hike likely coming 'soon': US Federal Reserve
WASHINGTON: US central bankers say it will "soon" be time to raise the key lending rate again, according to minutes from the last Federal Reserve meeting released on Wednesday (May 24). Monetary policymakers say they may wait, however, to see if weak growth recorded earlier this year was only ...
1 day ago
BNP Paribas to pay US$350 million to settle New York currency-rigging probe
French bank BNP Paribas on Wednesday agreed to pay US$350 million to New York’s banking regulator for allowing more than a dozen traders and salespeople in New York and other key trading hubs to manipulate foreign exchange prices.
1 day ago
HP Inc revenue beats on higher demand for PCs, printers
Today - HP Inc , which was created through the breakup of Hewlett-Packard Co, reported better-than-expected quarterly revenue, boosted by a stabilizing PC market and a recovery in its printer business. Shares of the company rose 6.4...
1 day ago
S&P 500 hits record high close following Fed minutes
U.S. stocks looked set to open little changed on Wednesday ahead of the Federal Reserve releasing the minutes of its May meeting that could cement the chances of a rate hike next month.
1 day ago
Exclusive: Facebook signs BuzzFeed, Vox, others for original video shows - sources
NEW YORK: Facebook Inc has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks, according to several sources familiar .. ...
1 day ago
GM to cut jobs in international HQ in Singapore
DETROIT: General Motors Co will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets. GM International - which oversees markets such as India, Southeast Asia, and South Korea, among others - will reduce its . ...
1 day ago
Fed ties rate hike to economic rebound, sees balance sheet cuts in 2017
WASHINGTON: Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting showed on Wednesday. Nearly all policymakers at the May 2 . ...
1 day ago
New rate hike likely appropriate 'soon': US Federal Reserve
WASHINGTON: US central bankers say the time will "soon" be right to once more raise the key lending rate, according to the minutes of the last Federal Reserve meeting released on Wednesday (May 24). Monetary policymakers may however wait to see signs that the weak growth recorded early this year ...
1 day ago
US interest rates may pose risk to Trump budget's optimistic assumptions
If President Donald Trump's budget does touch off an economic boom that pushes growth up to 3 percent a year as it assumes, the government's borrowing is likely to cost much more than has been factored into the administration's fiscal proposals.
1 day ago
Wall Street stays slightly higher following Fed minutes
U.S. stocks looked set to open little changed on Wednesday ahead of the Federal Reserve releasing the minutes of its May meeting that could cement the chances of a rate hike next month.
1 day ago
Disgruntled employees grill United at shareholders meeting
United Continental Holdings Inc executives faced disgruntled company and contracted employees at its annual shareholders meeting on Wednesday, as the airline tried to repair its public image damaged by recent customer relations fiascos.
1 day ago
US Fed Reserve ties rate hike to economic rebound
WASHINGTON: US Federal Reserve policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory, minutes from their last policy meeting showed on Wednesday (May 24). Nearly all policymakers at the May 2-3 meeting also said ...