1 day ago
Former Residents’ Committee manager jailed for taking S$590, using cleaner’s IC to get phone plan
siewfern -
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Weibo-owner Sina to go private in US$2.6 billion deal with CEO-led firm
Wilfred Chong - Sina Corp , owner of social media platform Weibo , will be taken private in a US$2.6 billion deal with Chief Executive Officer Charles Chao, the Chinese internet company said on Monday.
1 day ago
Shale producer Devon Energy to buy peer WPX Energy for US$2.56 billion
Wilfred Chong - U.S. shale producer Devon Energy Corp said on Monday it would buy peer WPX Energy Inc in an all-stock deal that would create a combined company worth around US$12 billion.
1 day ago
Futures bounce as China industrial profits rise
Wilfred Chong - U.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's industrial profits, while beaten down shares of banking and travel firms bounced.
1 day ago
Uber granted 18-month London licence after legal battle
Wilfred Chong - Uber has won a legal bid to restore its London operating licence which was taken away over safety concerns, after a judge ruled on Monday that the company was a fit and proper operator despite "historical failings". Transport for London (TfL) refused to grant the Silicon Valley-based company a new . ...
1 day ago
Walmart picks EG Group founders, TDR Capital as winning Asda bidders: Sky News
Wilfred Chong - Walmart Inc has selected the founders of UK petrol station operator EG Group and private equity firm TDR Capital as the preferred bidders for its Asda supermarket chain, valued at 6.5 billion pounds (US$8.39 billion), Sky News reported on Monday.
1 day ago
US shale producer Devon Energy to buy rival WPX
Wilfred Chong - U.S. shale producer Devon Energy Corp said on Monday it would buy peer WPX Energy Inc in an all-stock deal that would create a combined company worth around US$12 billion.
1 day ago
Duke, Starbucks, others to show diversity data: NYC's Stringer
Wilfred Chong - Top U.S. corporations including Duke Energy Corp, Starbucks Corp and Wells Fargo & Co will make public detailed workforce diversity statistics, following calls from activists who say the information will help judge companies' progress in hiring and promoting minorities.
1 day ago
Fitch affirms 'AA-' score on Singapore banks, holds negative earnings outlook
Natalie Choy - FITCH Ratings has affirmed its "AA-" ratings on Singapore banks and removed the trio from rating watch negative (RWN), given that the materialisation of stressed conditions have become "less immediate".
1 day ago
James Perry, CFO of fashion marketplace Zilingo, resigns to return to Citigroup
Yoolim Lee - The veteran dealmaker joined Zilingo about a year ago. The post James Perry, CFO of fashion marketplace Zilingo, resigns to return to Citigroup appeared first on DealStreetAsia.
1 day ago
China says US 'abusing power' by squeezing TikTok
Rob Curran - Beijing on Monday accused the Trump administration of abusing "national power" by trying to ban TikTok, as a federal court gave the video app's US operations a stay of execution.
1 day ago
STI in second straight session of gains on China's industrial profits jump
Lee Meixian - THE Straits Times Index (STI) rose for the second straight session on Monday, closing 10.73 points or 0.43 per cent higher at 2,483.01, after official data showed profits at China's industrial firms grew for the fourth straight month in August, and Wall Street concluded last week on a positive ...
1 day ago
Black cab drivers says Uber decision is a "disaster" for London
Rob Curran - The association representing London black cab drivers said a judge's decision to restore Uber's operating licence on Monday was a "disaster" for the British capital.
1 day ago
MAS in talks with banks to extend debt moratorium programme
Bloomberg - Singapore’s central bank is in talks with lenders about extending the nation’s debt moratorium program beyond Dec. 31 to provide extra relief for borrowers hit by the fallout from the coronavirus pandemic, according to people with knowledge of the matter. One of the key measures being discussed ...
1 day ago
SGX flagship charity initiative receives $1 mil from AMTD Charity Foundation
Felicia Tan - SGX Bull Charge, the flagship charity initiative of the Singapore Exchange (SGX) has received a total of $1 million from the AMTD Charity Foundation on September 28. The amount, according to SGX, is the largest single donation made to the charity in “recent years”. AMTD Charity Foundation is don ...
1 day ago
Man stalked wife through emails, threatened to send sexually explicit video to her employer
siewfern -
1 day ago
Developers no longer allowed to extend option to purchase period for buyers without URA’s approval
gordon.feeney -
1 day ago
Weibo owner Sina to be taken private by CEO in US$2.6 billion deal
Rob Curran - Sina Corp , owner of social media platform Weibo, will be taken private by a holding company led by Chief Executive Officer Charles Chao in a US$2.6 billion deal, the Chinese internet company said on Monday.
1 day ago
'Cautious optimism' in retail, F&B even as SMEs' business outlook dips to all-time low
Sharon See - BUSINESS sentiment among small and medium-sized enterprises (SMEs) in Singapore have dipped to a record low, but those in the retail and food and beverage (F&B) sectors appear encouraged by the reopening of physical stores, according to a industry survey.
1 day ago
Vividthree and Resurgence to produce esporting events
Felicia Tan - Entertainment company Vividthree Holdings and Singapore-based professional esports organisation RSG Resurgence Esports have announced their partnership to co-create new esports events on September 28. The events, according to both companies, will “raise the bar in gaming and esports content develo ...
1 day ago
Groundbreaking ceremony held for Sembcorp Industries' subsidiary in Vietnam
Felicia Tan - Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, announced that it has held a groundbreaking ceremony of Becamex VSIP Binh Dinh Township and Industrial Park on September 27. The ceremony was witnessed by Vietnam’s Deputy Prime Minister Truong Hoa Binh. The development, locat ...
1 day ago
Big US tech firms fail to comply with curb on Europe data transfers: Schrems
Rob Curran - Technology firms' compliance with European restrictions on transatlantic data transfers is shockingly poor, Austrian privacy campaigner Max Schrems said on Monday, publishing a survey https://newsletter.noyb.eu/v/100912/5/f6vVcqeA9J/59532544 of companies including Facebook and Netflix.
1 day ago
Uber wins back London licence despite 'historical failings'
Rob Curran - Uber has won a legal bid to restore its London operating licence which was taken away by the city's transport regulator over safety concerns, after a judge decided on Monday that it was a fit and proper operator. Transport for London refused to grant the Silicon Valley-based company a new ...
1 day ago
Frasers Centrepoint Trust plans up to S$1.44b equity fundraising
Fiona Lam - THE manager of Frasers Centrepoint Trust (FCT) is looking to undertake a private placement at an issue price of between S$2.35 and S$2.435 per unit, as well as a non-renounceable preferential offering at between S$2.34 and S$2.42 per unit.
1 day ago
Biden basket vs Trump trade: Picking a presidential stock portfolio
The Nov. 3 presidential election between President Donald Trump and former Vice President Joe Biden could have dramatic effects across markets, and investors are already trying to identify potential winners and losers.
1 day ago
Investors may remain in cash as safe assets struggle: JPMorgan
Bloomberg - Investors may remain in cash more than expected as safe-haven assets seen as traditional hedges aren’t panning out, according to JPMorgan Chase & Co. Above-average allocations to cash may be an unintended consequence of easy-money policies, with cyclical assets seen as too difficult to hedge i ...
1 day ago
Six strata-titled commercial units at Jalan Taman for sale with S$25m guide price
Rachel Chia - SIX strata-titled commercial units at 1 Jalan Taman are up for sale collectively by expression of interest with a guide price of S$25 million, exclusive marketing agent Tristar Properties said.
1 day ago
Singapore to calibrate debt moratoriums soon
Jamie Lee - SINGAPORE will soon calibrate its debt moratorium schemes, with the regulator looking to extend its programmes to certain borrowers beyond Dec 31, while also ensuring that those with the ability to pay should begin repayment even before the year-end deadline, The Business Times understands.
1 day ago
Volkswagen, Chinese ventures to invest €15 billion in electric vehicles
Geoff Howie - Volkswagen AG said on Monday it and three local joint ventures plan to invest around 15 billion euros (US$17.44 billion) in electric mobility in China, the world's biggest car market, between 2020 and 2024.
2 days ago
OCBC bullish on US Dollar recovery but contested elections could spoil the party
Ng Qi Siang - OCBC FX strategist Terence Wu has reiterated the bank’s constructive outlook on the US Dollar as US equities firmed up on Friday (September 25). “With the S&P500 off lows but not out of the woods and gold still heavy, the the correlation dynamics likely still favour the USD,” he writ ...
2 days ago
Woman found guilty of pouring hot water on boyfriend’s groin after she suspected he was being unfaithful
maria.almenoar -
2 days ago
Ford applies for German coronavirus state aid: Handelsblatt
Geoff Howie - U.S. carmaker Ford has applied for 500 million euros (US$581 million) of German loan guarantees aimed at helping domestic companies hit by the fallout from the coronavirus pandemic, business daily Handelsblatt reported on Monday.
2 days ago
Deliveroo to roll out grocery service; offer vouchers, free deliveries
Rachel Chia - FOOD delivery firm Deliveroo Singapore has launched a "booster" fund to help its restaurants, customers and non-profit partners navigate the coronavirus pandemic, it said in a press statement on Monday.
2 days ago
Japan Airlines embraces gender neutral greetings
Geoff Howie - TOKYO: Japan Airlines is ditching the phrase "ladies and gentlemen" and instead embracing gender neutral terms during in-flight and airport announcements from next month, the company said Monday (Sep 28). From Oct 1, JAL "will abolish expressions that based on (two types of) sex and use gender ...
2 days ago
STI on the backfoot despite factory output gain
Thiveyen Kathirrasan and Felicia Tan - The benchmark Straits Times Index (STI) dipped 0.1% w-o-w to 2,482.4 on Monday afternoon (September 28), despite Singapore’s factory output registering a 13.7% y-o-y increase in August. See: Singapore's factory output surprises with 13.7% increase in August Singapore banks – DBS, OCBC, and ...
2 days ago
Chinese investors flock to newly-launched funds targeting Ant IPO
SHANGHAI: Chinese investors are pouring into newly-launched mutual funds targeting Ant Group's upcoming initial public offering, underscoring strong demand for technology shares at a time when Chinese tech firms are facing increasing US scrutiny. Alibaba Group's fintech arm Ant Group aims to raise . ...