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

Singapore Stock Market News Singapore Business News Singapore Market Updates



1 day ago
China's Tencent woes hit European and US gaming stocks
Michelle Quah - Shares in Europe-listed gaming companies fell on Tuesday and U.S. names were tipped to open lower after a steep selloff in China's social media and video games group Tencent on fears the sector would be next in regulators' crosshairs.
1 day ago
Crime app Citizen rolls out fee-based tool for US users to contact safety agents
Michelle Quah - U.S. crime alert app Citizen is launching its first paid feature, offering subscribers access to a live safety agent when they are in "stressful or uncertain situations".
1 day ago
StanChart to buy back shares, pay dividend as profit jumps
Bloomberg - Standard Chartered Plc is resuming interim dividends and starting a share buyback after reduced credit losses helped it beat estimates in the second quarter, the latest bank to bolster payouts as the economic outlook improves. The London-headquartered lender made an underlying pretax profit of US$1. ...
1 day ago
Amazon warehouse workers overwhelmingly rejected a union. Now they may vote again
Michelle Quah - A U.S. labor board official has recommended a rerun of a landmark Amazon.com Inc union election in Alabama where employees had voted overwhelmingly against making their warehouse the online retailer's first to organize in the United States.
1 day ago
Bonds take a breather, Tencent tumbles again
Michelle Quah - The government bond market rally that had sent U.S. Treasury yields under 1.2per cent and the entire German curve negative paused on Tuesday, though there were more problems in China as internet giant Tencent took another battering.
1 day ago
Pan United 1HFY2021 earnings jump to $7 million on resumption of construction activities
The Edge Singapore - With the resumption of construction activities in Singapore, cement provider Pan United Corp has reported a 45% y-o-y jump in revenue to $276.6 million for 1HFY2021. However, costs, ranging from wages, raw materials, and so on, increased as well, reaching what the company calls “pre-Covid” level ...
1 day ago
ES Group flags H1 net loss on Covid-led manpower constraints, lower chartering revenue
Natalie Choy - SHIP building and repairing company ES Group is expected to suffer a net loss for the six months ended June 30, 2021 (H1 2021) amid the prolonged global pandemic.
1 day ago
DHL to add electric planes to fleet in pursuit of zero emissions
Bloomberg - The race toward zero-emission logistics chains is expanding from the road to the skies. DHL Express, the air cargo subsidiary of Deutsche Post AG, has ordered 12 all-electric aircraft to complement its fleet of battery-powered delivery vans and bikes, a move that will reduce emissions from air servi ...
1 day ago
Tencent weighs kids games ban after ‘spiritual opium’ rebuke
Bloomberg - Tencent Holdings Ltd. led a stocks rout after Chinese state media decried the “spiritual opium” of games, prompting the company to broach a ban for kids and triggering fears Beijing will set its sights next on the world’s largest gaming arena. China’s most valuable corporation joined rivals ...
1 day ago
StanChart's profit before tax jumps in H1 in post-pandemic recovery; Asia is main driver
Vivien Shiao - STANDARD Chartered Bank (StanChart) saw its profit before tax surge in the first half of 2021, buoyed mostly by its performance in Asia, even as its income continued to slide on the back of falling global interest rates.
1 day ago
Antipodean currencies jump on central bank talk, US dollar subdued
Michelle Quah - The New Zealand and Australian dollar were the biggest gainers among major currencies on Tuesday, helped by talk from their central banks, while the U.S. dollar took a backseat to the yen and Swiss franc amid some risk aversion in markets.
1 day ago
Alibaba misses revenue estimates as e-commerce growth slows
Annabeth Leow - China's Alibaba Group Holding Ltd reported first-quarter revenue on Tuesday that missed analysts' estimates, as its e-commerce business took a hit due to rising competition from smaller players such as JD.Com Inc and Pinduoduo Inc.
1 day ago
Marvell Tech to acquire Innovium for US$1.1 billion as it courts more cloud customers
Michelle Quah -
1 day ago
Prime US REIT sees 5.4% drop in DPU to 3.3 US cents in 1H2021
Amala Balakrishner - The manager of Prime US REIT has reported distribution per unit (DPU) of 3.3 US cents (4.5 cents) in 1HFY21 ended June. This is down 5.4% from the 3.5 US cents disbursed in the previous year and follows higher property expenses. Taking into account the private placement launched on June 24, Prime US ...
1 day ago
Alibaba's quarterly revenue jumps 34%
Claudia Chong - China's Alibaba Group Holding reported a 34 per cent rise in quarterly revenue on Tuesday (Aug 3), helped by growth at its cloud computing and e-commerce businesses. Ant Group, the fintech affiliate of Alibaba Group, recorded a quarterly profit of about 13.48 billion yuan (US$2 billion) for the ...
1 day ago
Alibaba misses revenue estimates as e-commerce growth slows, regulatory crackdown persists
Michelle Quah -
1 day ago
Number of police cameras to double to at least 200,000 by 2030: Shanmugam
kenneth.cjw -
1 day ago
LifeBrandz expects to be hit by extended closure of its Thai pub
Sharanya Pillai - FOOD and beverage group LifeBrandz expects a hit to its revenue from the extended closure of its pub in Pattaya in Thailand.
1 day ago
Baffled investors fear nothing is off limits in China regulatory crackdown
Michelle Quah -
1 day ago
Hong Kong regulator fines UBS US$1.5 million for compliance breaches
Michelle Quah - Swiss bank UBS was fined HKUS$11.55 million (US$1.5 million) by Hong Kong's securities regulator for failing to disclose its holdings in some companies covered in its research reports, the watchdog said on Tuesday.
1 day ago
Indonesia begins work on Southeast Asia's largest floating solar plant
Michelle Quah -
1 day ago
Hong Kong regulator fines UBS US$1.5 millon for compliance breaches
Michelle Quah -
1 day ago
Upgrades, ESG, DeFi usage to help ether outpace bitcoin: Pantera Capital
Michelle Quah - The Ethereum platform's potential applications, lower environmental impact and technical upgrades are likely to help the ether token continue to outperform bitcoin, Pantera Capital CEO Dan Morehead said.
1 day ago
Purchasing exec jailed 2 years for taking nearly S$300,000 of electrical cables to sell for ‘fast cash’
gordon.feeney -
1 day ago
Prime US Reit H1 DPU down 5.4% on higher expenses
Sharanya Pillai - PRIME US Reit, which has a portfolio of office properties in the US, posted a distribution per unit of 3.33 US cents for the six months ended June. This is 5.4 per cent lower than a year ago, which it attributed to its being weighed by higher property expenses, the Reit manager said on Tuesday.
1 day ago
Bill passed granting more powers to CAD officers, greater liability protection for police, among other changes
gordon.feeney -
1 day ago
GHY Culture & Media's associate company in joint venture to ramp up production in China
Natalie Choy - GHY Culture & Media Holdings, through its indirect associated company Tianjin Changxin Film & Media Co, on Tuesday said it has established a joint venture (JV) in China with local partner Liu Shizhao.
2 days ago
STI dips 0.38% with most Asian bourses also down on Delta variant concerns
Tay Peck Gek - SINGAPORE stock market declined on Tuesday, along with most Asian bourses as investors were concerned that the flare-ups in China and the United States caused by the Delta variant of the novel coronavirus might wreak havoc on global economies and supply chains.
2 days ago
Infineon CEO warms to idea of TSMC plant in Germany
Michelle Quah - Infineon CEO Reinhard Ploss on Tuesday supported the idea of Taiwan Semiconductor building a chip fabrication plant in Germany, expressing a clear preference for its technology over that of Intel.
2 days ago
98 new locally transmitted Covid-19 cases in Singapore, including 31 unlinked infections
tessa.oh -
2 days ago
Frustration mounts over handling of Covid-19 quarantine orders; MOH apologies, says backlog mostly cleared
asyrafkamil -
2 days ago
Apec business leaders call for regionally consistent framework for business travel
Sharon See - ASIA Pacific business leaders are calling for a regionally consistent framework to minimise the cost and complexity of resuming business travel when the Covid-19 situation allows.
2 days ago
The US$29 billion deal in 11 weeks: how Square bought Afterpay
Michelle Quah - Jack Dorsey introduced the world to expressing itself in just 140 characters as the creator of Twitter Inc, and his payments company, Square Inc, also likes getting straight to the point.
2 days ago
As headwinds rise, China seen quickening fiscal support to protect growth
Michelle Quah - China is poised to quicken spending on infrastructure projects while the central bank supports with modest easing steps, as risks from the Delta variant and floods threaten to slow its recovery, policy insiders and analysts said.
2 days ago
Credit Bureau Asia's venture into Vietnam gets it a thumbs up from CGS-CIMB
Amala Balakrishner - CGS-CIMB Research Securities is maintaining its “add” call and target price of $1.53 on Credit Bureau Asia (CBA). This is believed to give the counter a 17.5% upside from its current $1.30 price, analysts Andrea Choong and Darren Ong write in an Aug 2 note. Their move follows the credit and risk ...
2 days ago
When the chips are down: global shortage to keep crimping carmakers
Michelle Quah - BMW and Stellantis became the latest major carmakers to warn on Tuesday that the global semiconductor chip shortage that has bedeviled the industry this year will drag on throughout 2021 and beyond, hitting production and sales.






Advertisement