1 day ago
CapitaLand to sell The Star Vista for S$296 million to business arm of New Creation Church
asyrafkamil -
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Apple starts construction of new US$1 billion campus in Texas
Tay Peck Gek - AUSTIN: Apple said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops. Apple chief executive officer Tim Cook is set to give a tour of the Texas factory to U.S. President Donald Trump later on Wednesday ...
1 day ago
Stock futures fall as Hong Kong bill escalates US-China tensions
Tay Peck Gek - U.S. stock index futures fell on Wednesday as escalating political tensions between Washington and Beijing sparked fears that the two sides would fail to reach a trade agreement soon.
1 day ago
Prosus criticizes rival Takeaway bid for Britain's Just Eat
Tay Peck Gek - Technology company Prosus on Wednesday criticized rival suitor Takeaway.com's bid for British food delivery service Just Eat, saying it presents "significant risks" for shareholders.
1 day ago
Beijing tariff demands may expand US-China 'phase one' trade deal significantly
A "phase one" trade deal between the United States and China was supposed to be a limited agreement that would allow leaders from both countries to claim an easy victory while soothing financial markets.
1 day ago
US FAA head says will be tougher on the certification of the Boeing 777x
The head of the U.S. Federal Aviation Administration (FAA) said the FAA will be tougher on the certification of the Boeing 777x, speaking at the Dubai Airshow on Wednesday.
1 day ago
Twitter says UK PM Johnson's party misled public with 'factcheck' account
Twitter said on Wednesday that British Prime Minister Boris Johnson's Conservative Party misled the public by changing the name of one of its Twitter accounts to make it look like a fact checking service during a televised election debate.
1 day ago
Apple starts construction of new campus in Texas
Tay Peck Gek - Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops.
1 day ago
Saudi Aramco to meet investors in Dubai and Abu Dhabi: Sources
Tay Peck Gek - Saudi Aramco plans meetings with investors in Dubai next week, sources said, in which it is seeking to raise up to US$25.6 billion in the world's biggest share sale.
1 day ago
Junk loan market tensions signal end of buyout-led binge
Many investors are shunning the riskiest corners of the junk-rated U.S. corporate loan market because of concerns about possible credit rating downgrades, putting the brakes on a run of leveraged buyouts and debt-funded dividends.
1 day ago
US-China trade war a negative-sum outcome for Asia: Morgan Stanley economist
Sharon See - ASIAN economies may have made gains from the US-China trade war at the expense of China, but the gains are less than what China has lost, resulting in a negative-sum outcome for the whole of Asia, a Morgan Stanley economist has suggested.
1 day ago
UK insurer Aviva to exit Hong Kong in Asia overhaul
Tay Peck Gek - LONDON: British insurance firm Aviva on Wednesday (Nov 20) announced a major overhaul that could see it leave several countries in Asia. Aviva, whose chief executive Maurice Tulloch launched a strategic review to slash costs, said in a statement that it will exit Hong Kong - and explore options .. ...
1 day ago
Large tree falls across Scotts Road, obstructing traffic for at least 3 hours
asyrafkamil -
1 day ago
Swedbank to investigate report of possible US sanctions breach
Tay Peck Gek - Swedbank pledged on Wednesday to conclude an internal probe into alleged money laundering at the Swedish lender by early next year, and said it was unaware of any breaches of U.S. sanctions after a broadcaster alleged such a lapse.
1 day ago
Shell UK gender pay gap widens slightly in 2019
Tay Peck Gek - Royal Dutch Shell's gender pay gap in Britain edged higher in 2019 following the acquisition of a utility company, with women earning on average 18.7per cent less than men.
1 day ago
Target raises full-year profit forecast; shares rise
Tay Peck Gek - Target Corp raised its full-year profit forecast after posting better-than-expected quarterly comparable sales on Wednesday, as the retailer expects a strong holiday shopping season, sending its shares up 8per cent in trading before the bell.
1 day ago
Plenty of room for locally relevant innovation in Asia’s agri-food space: Temasek
Kristie Neo - A change is required across the food supply chain in Asia to enable and sustain the region’s food security. The post Plenty of room for locally relevant innovation in Asia’s agri-food space: Temasek appeared first on DealStreetAsia.
1 day ago
Singapore, a potential agri-food powerhouse in Asia: report
Anita Gabriel - SINGAPORE and other Asian cities namely Bangalore, Beijing, Hong Kong, Mumbai, Shanghai, Shenzhen and Tokyo have the potential to become global agri-food innovation powerhouses that catalyse development, funding and collaboration across the food and agricultural sector, according to a recent report ...
1 day ago
Swedbank CEO vows to 'get to the bottom' of sanctions breach allegation
Tay Peck Gek - Swedbank pledged on Wednesday to conclude an internal probe into alleged money laundering at the Swedish lender by early next year, and said it was unaware of any breaches of U.S. sanctions after a broadcaster alleged such a lapse.
1 day ago
Lowe's misses quarterly same-store sales estimates
Tay Peck Gek - Lowe's Cos Inc missed quarterly same-store sales estimates on Wednesday, as the home improvement chain faced intense competition from Home Depot Inc .
1 day ago
Taiwan’s CloudMile raises $6m in pre-Series B round
Deviana Chuo - Going forward, the company plans to enter Singapore and set up its 'operation headquarters' there. The post Taiwan’s CloudMile raises $6m in pre-Series B round appeared first on DealStreetAsia.
1 day ago
Prosus urges Just Eat shareholders to accept its offer, reject Takeaway bid
Tay Peck Gek - Dutch technology company Prosus NV on Wednesday urged shareholders of Britain's Just Eat PLC to accept its unsolicited 4.9 billion pound (US$6.3 billion) cash bid for the company by Dec. 10, and spurn an alternative offer as too risky.
1 day ago
China to revise 2018 GDP to reflect asset, business growth
China will revise its 2018 gross domestic product (GDP) estimate in the next few days to reflect an increase in the number of businesses and assets recorded in the last census, officials said.
1 day ago
Norwegian Air appoints new CEO to lead restructuring
Tay Peck Gek - Loss-making Norwegian Air has appointed a new chief executive to take charge of the budget carrier's ongoing restructuring, the board said on Wednesday.
1 day ago
Billionaires invest $46m in Australian solar farm connecting to Singapore
Staff Reporter - Submitted By: Clarist Zablan Case Study: No The 4,500km transmission network is set to be the world’s longest high voltage cable. Reuters reported that two Australian billionaires have invested $46.38m (A$50m) to jumpstart a megaproject to supply solar power from northern Australi ...
1 day ago
Fatal PIE viaduct collapse: Engineer admits to reckless act, not checking his team’s calculations
gordon.feeney -
1 day ago
MAS proposes green-lighting crypto derivatives on approved venues
Chanyaporn Chanjaroen - Singapore’s financial regulator has proposed green-lighting crypto-token derivatives to list and trade on approved domestic exchanges. The post MAS proposes green-lighting crypto derivatives on approved venues appeared first on DealStreetAsia.
1 day ago
Alibaba raises up to US$12.9 billion in landmark Hong Kong listing
Tay Peck Gek - Chinese e-commerce giant Alibaba Group will raise up to US$12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8per cent discount to their New York close, sources with direct knowledge of the matter said.
1 day ago
CapitaLand to sell The Star Vista to Rock Productions for S$296m
Natalie Choy - CAPITALAND on Wednesday said that it will sell the The Star Vista for S$296 million to Rock Productions, owner of The Star Performing Arts Centre that is co-located with The Star Vista in the same development.
1 day ago
Singapore shares drop 0.3% after HK bill draws ire of Beijing
Navin Sregantan - THE Straits Times Index fell 19.09 points or 0.3 per cent to close at 3,229.78.
1 day ago
CapitaLand to sell The Star Vista for $296 mil, bringing divestments year-to-date to $5.7 bil
Uma Devi - SINGAPORE (Nov 20): CapitaLand has entered into an agreement to sell The Star Vista for $296 million to Rock Productions, owner of The Star Performing Arts Centre that is co-located in the same development. In a regulatory filing on Wednesday, CapitaLand said that the divestment is targeted to be c ...
1 day ago
Singapore to be global hub for developing, deploying AI solutions: Vivian Balakrishnan
Uma Devi - SINGAPORE (Nov 20): Although Singapore has invested over $500 million to further AI research innovation and enterprise, the city-state seems to have no intention of slowing down in its quest to become a global hub for artificial intelligence (AI). Singapore has set its sights on establishing itse ...
1 day ago
Swedbank pledges prompt release of money laundering probe
Swedbank pledged on Wednesday to conclude an internal probe into alleged money laundering at the Swedish lender by early next year, and said it was unaware of any breaches of U.S. sanctions after a broadcaster alleged such a lapse.
1 day ago
Unions up ante at South African Airways as finances approach crunch
Natalie Choy - South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise the carrier is at risk of entering liquidation, board member Martin Kingston said on Wednesday, as a crippling strike enters its sixth day.
1 day ago
Flare-up of Sino-US tensions over Hong Kong knocks world shares off 22-month high
Natalie Choy - World stocks were knocked off 22-month highs on Wednesday as a renewed flare-up in Sino-U.S. tensions and the creeping return of U.S. recession fears fueled a bid for bonds and other "safe" assets such as gold.
1 day ago
MAS mulls regulating trade of payment token derivatives
Olivia Poh - THE Monetary Authority of Singapore (MAS) is seeking to allow derivatives of payment tokens such as Bitcoin and Ether to be traded on approved exchanges in Singapore, it said in a consultation paper on Wednesday.