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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2 days ago

Stock futures tread water after Fed turns more accommodative

Lee Meixian - U.S. stock index futures were subdued on Thursday, a day after the Federal Reserve abandoned projections for any interest rate hikes this year amid signs of an economic slowdown.

2 days ago

Solar and wind firms call the 'Green New Deal’ too extreme

Lee Meixian - U.S. solar and wind power companies may have the most to gain from the Green New Deal, an ambitious proposal backed by several Democratic presidential candidates to end U.S. fossil fuel consumption within a decade.

2 days ago

Volkswagen, Northvolt to join forces for battery research

Lee Meixian - Volkswagen and Swedish battery maker Northvolt and other companies as well as science labs are joining forces in battery cell research, the German carmaker said in a statement on Thursday.

2 days ago

US whiskey exports dry up as tariffs bite

American whiskey exports slumped in the second half of 2018, taking a blow from higher duties by the country's trading partners following President Donald Trump's tariffs on steel and aluminum imports, an industry group said on Thursday.

2 days ago

Dyna-Mac clinches fabrication contracts for $150 mil from long-standing customers

Samantha Chiew - SINGAPORE (Mar 21): Dyna-Mac Holdings announced that it has secured several fabrication contracts worth about $150 million from its long-standing customers. The fabrication contracts are scheduled to complete over a span of two years and the group expects to derive revenue streams from these orders ...

2 days ago

Soilbuild REIT disposes 72 Loyang Way asset for $34.1 mil with remaining lease of 19 years

Michelle Zhu - SINGAPORE (Mar 21): Soilbuild Business Space REIT (Soilbuild REIT) has agreed to sell its industrial property at 72 Loyang Way, and all of its mechanical electrical equipment, to Kim Hock Enterprise for a total consideration of $34.08 million. The REIT is expecting net proceeds of about $34.055 mil ...

2 days ago

Global stocks wilt as Fed shift sparks stampede into bonds

European shares wilted and there was a stampede into bonds on Thursday, after the U.S. Federal Reserve's abandonment of all plans to raise rates this year left traders wondering what might be lurking in the shadows.

2 days ago

Singapore shares end 0.2% higher on Thursday

Navin Sregantan - MOST markets in Asia rose on Thursday after a dovish Federal Reserve indicated that there would be no more rate hikes this year. The Fed also lowered its outlook on US economic growth and concerns over US-China trade talks and slowing global growth.

2 days ago

TODAY's evening brief for Thursday, March 21

asyrafkamil - 3 min 40 sec ago

2 days ago

US trade negotiators to visit China on March 28-29

Lee Meixian - Senior US officials will visit Beijing for a new round of trade war talks on March 28-29, followed by a trip to the United States by China's top negotiator in April, the Chinese commerce ministry said Thursday.

2 days ago

Deutsche Bank CEO sees strong case for merger with Commerzbank: source

Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking ahead of Thursday's meeting of the supervisory board, setting the stage for a showdown with unions fearing massive ...

2 days ago

Tencent fourth-quarter profit drops 32 percent, steepest quarterly fall ever

Lee Meixian - Tencent Holdings said on Thursday net profit for the quarter ended December fell a sharper-than-expected 32 percent, the most on record for a quarter, as a regulatory review weighed on its gaming business.

2 days ago

Reliance sends fuel from India, Europe to Venezuela to sidestep US sanctions

Lee Meixian - India's Reliance Industries is selling fuels to Venezuela from India and Europe to sidestep sanctions that bar U.S.-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data.

2 days ago

Teacher pleads guilty to negligent act which left motorcyclist with serious injuries

amanda.eber - Alfred Chua36 min 13 sec agoSINGAPORE — A primary school teacher was driving his car along Jurong West Avenue 2 o

2 days ago

Six weeks’ jail for babysitter who slapped 15-month-old child, lied to police

yasmine.yahya - Alfred Chua40 min 13 sec agoSINGAPORE — First, she said that an unknown man had slapped the 15-month-old boy she

2 days ago

All Nippon Airways becomes final airline to add new Airbus A380 jumbo jet to its fleet

Lee Meixian - SINGAPORE: Airbus has taken yet another step towards the winding down of its A380 programme with the delivery of the jumbo jet to Japan’s All Nippon Airways (ANA) on Wednesday (Mar 20). ANA is the final airline to add the aircraft to its fleet for the first time, before production is finally ...

2 days ago

All Nippon Airways becomes final airline to add Airbus A380 jumbo jet to its fleet

Lee Meixian - SINGAPORE: Airbus has taken yet another step towards the winding down of its A380 programme with the delivery on Mar 20 of the jumbo jet to Japan’s All Nippon Airways (ANA). ANA is the final airline to add the aircraft to its fleet for the first time before production is finally halted in 2021 ...

2 days ago

SG’s Tembusu Partners to launch Chinese funds worth $149m in Guizhou

Ka Kay Lum - The funds will invest in technology, infrastructure, healthcare, tourism and impact-related projects in China. The post SG’s Tembusu Partners to launch Chinese funds worth $149m in Guizhou appeared first on DealStreetAsia.

2 days ago

From California to Oslo: Foreign subsidies fuel Norway's e-car boom, for now

Lee Meixian - OSLO: On the outskirts of Oslo, a row of Fiat 500es imported from California stand parked in the snow outside the Buddy Electric dealership, part of a global flow of pre-owned electric cars to Norway powered by green subsidies elsewhere in the world. The company's production manager, Tor Einar ...

2 days ago

Tembusu to launch at least $205.6 mil in China funds; ex Capitaland CEO to chair advisory board

Samantha Chiew - SINGAPORE (Mar 21): Singapore-based private equity firm Tembusu Partners announced that it will be launching several investment funds totalling about RMB 1.0 billion ($205.6 million) after securing the first Qualified Foreign Limited Partner (QFLP) status awarded to a foreign fund management firm i ...

2 days ago

Two Singapore consortia to develop, trial driverless road cleaning vehicles

Rachel Mui - TWO consortia in Singapore will be undertaking the design, development and trial of driverless vehicles for road cleaning, having been awarded research and development projects by the National Environment Agency (NEA) and the Ministry of Transport (MOT).

2 days ago

User logins, passwords from S’pore govt agencies ‘on sale on dark web’

marcel.pereira - Faris Mohktar32 min 56 sec agoSINGAPORE — Hundreds of user logins and passwords from Government agencies and educat

2 days ago

Terror attacks show importance of protecting minority groups, freedom of religion: Shanmugam

yasmine.yahya - Cynthia Choo35 min 56 sec agoSINGAPORE — New Zealand has set a good example for how a community should react in th

2 days ago

China Geely Auto's full-year profit jumps 18 percent, shares climb

Lee Meixian - BEIJING: China's Geely Automobile Holdings posted an 18 percent jump in annual net profit, driven by higher sales of its sedans and sports utility vehicles (SUVs), but forecast flat sales growth in 2019 due to uncertainty about domestic demand. Geely, China's most high-profile car maker globally ...

3 days ago

Lippo Karawaci gets pre-funding of US$280m for rights subscription

Tay Peck Gek - INDONESIAN real estate developer Lippo Karawaci has received US$280 million in advance subscription payment for part of the entitlements to a US$730 million rights issue, said the sponsor for Singapore-listed First Real Estate Investment Trust and Lippo Malls Indonesia Retail Trust on Thursday.

3 days ago

Surge in abandoned cats - is microchipping the answer?

yasmine.yahya - Nicholas Khong33 min 11 sec agoSINGAPORE — Amid a surge in cat abandonment cases over the past few years, regulators

3 days ago

China's Geely posts 18 percent profit jump, predicts flat 2019 sales

Janice Heng - BEIJING: China's Geely Automobile Holdings Ltd said higher sales of its sedans and sports utility vehicles (SUVs) drove 2018 net profit up 18 percent, but forecast flat sales growth for this year due to uncertainty about overall domestic demand. The company, which is China's most globally high ...

3 days ago

Malaysia's Proton to build assembly plant in Pakistan

ISLAMABAD: Malaysia's national carmaker, Proton will collaborate with a local partner to establish a manufacturing assembly plant in Pakistan, its first in the South Asian region. Malaysia high commissioner to Pakistan Ikram Mohammad Ibrahim said an agreement was inked by Proton and its local ...

3 days ago

Vodafone to receive EU warning over US$22 billion Liberty deal: Source

Janice Heng - Vodafone will receive a warning from EU regulators about possible anti-competitive effects from its US$22 billion deal to buy Liberty Global's German and eastern European assets, two people familiar with the matter said on Wednesday.

3 days ago

Singapore stocks: STI resumes Thursday afternoon at 3,207.24, down 0.01% on day

Vivienne Tay - SINGAPORE stocks opened weaker as trading resumed on Thursday, with the Straits Times Index slipping 0.01 per cent or 0.42 points to 3,207.24 as at 1.05pm.

3 days ago

Indonesia's Lion Air starts work on US$1b IPO: Bloomberg

Janice Heng - Indonesian carrier Lion Air has started working on US$1 billion domestic initial public offering (IPO), Bloomberg reported on Thursday citing sources, as it seeks to move past the crash in October last year that killed 189 people on board.

3 days ago

Yamada Green Resources unit pledges factory, building for credit facility

Vivienne Tay - YAMADA Green Resources subsidiary Fujian Wangsheng Industrial Co has pledged its factory and office building in China as a security to China Everbright Bank, as part of a multiple credit facility agreement.

3 days ago

Valuetronics kept at 'buy' by Maybank given PCBA allocation risks are priced in

PC Lee - SINGAPORE (Mar 21): Maybank says Valuetronics’ stock has already priced in drop in PCBA (PCB assembly) sales if customers decide to switch suppliers due to the China-US trade war. Valuetronics’ PCBA business is the next most vulnerable after smart-lighting as entry barriers are low. Its Dutch M ...

3 days ago

Indonesia's Lion Air starts work on US$1 billion IPO: Bloomberg

Janice Heng - Indonesian carrier Lion Air has started working on US$1 billion domestic initial public offering (IPO), Bloomberg reported on Thursday citing sources, as it seeks to move past the crash in October last year that killed 189 people on board.

3 days ago

Pyongyang sanctions workarounds failing to soften impact

Janice Heng - North Korea's illicit and highly sophisticated efforts to circumvent UN sanctions may have sought to cushion their impact, but they offer no long-term solution to the fallout of tightened economic isolation, analysts say.

3 days ago

Singtel well positioned to weather competition, looking cheap at current prices: UOB Kay Hian

Michelle Zhu - SINGAPORE (Mar 21): UOB Kay Hian is maintaining its “buy” call on Singtel with a target price of $3.58, while highlighting that the stock, at the price of $3.02, is currently below its mean EV/EBITDA with a 5.8% dividend yield. In a Thursday report, analyst Chong Lee Len says she continues to l ...