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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18 hours ago
May makes Tokyo dash to woo Japanese investors
Anthony Rowley - BRITAIN'S Prime Minister Theresa May will make an official visit to Japan at the end of this month in what is seen as an attempt by her to persuade Japanese investors not to give up on Britain.
18 hours ago
Jakarta banks on stronger GDP growth in 2018 budget
INDONESIAN President Joko Widodo on Wednesday proposed a state budget for 2018 that assumes an acceleration in growth to fund a series of measures aimed at addressing inequality in South-east Asia's biggest economy.
18 hours ago
Nafta renegotiation talks begin amid high expectations
NEGOTIATORS from Canada, Mexico and the United States were to open the first round of talks on Wednesday to revamp the 23-year-old regional free trade agreement some see as a demon and others as a saviour.
18 hours ago
US factory workers quitting in droves
KIPP Glenn grew tired of standing for eight-hour shifts, assembling steel furnace doors. His knees ached from 25 years on the concrete factory floor. So even after President Donald Trump made his job at Carrier a symbol of American prosperity and vowed to save it, the Indiana native took a buyout.
18 hours ago
Solid German growth gives Merkel election tailwind
STRONG household and state spending consolidated Germany's role as the eurozone's growth engine in the second quarter, helping Chancellor Angela Merkel to burnish her economic credentials less than six weeks before an election.
18 hours ago
Aussie minister accuses NZ party of undermining its government
AMONG countries of the world, Australia and New Zealand are like siblings, with a shared colonial history and close trade, military and cultural ties. They even have a joint holiday to commemorate the sacrifices both nations made in World War I.
18 hours ago
Brokers' take
Midas Holdings Limited's Q2 17 revenue jumped 32.1 per cent year on year to 505.6 million yuan (S$103.3 million), mainly due to the consolidation of results of its recently acquired business and higher business volume at its core business.
18 hours ago
Banks continue to drag STI lower
R Sivanithy - WEAKNESS in the three banks following fresh concerns over their oil and gas (O&G) sector exposure was the main factor behind the 15.98- point loss at 3,278.95 that the Straits Times Index (STI) suffered on Wednesday. It did, however, manage to rebound almost 20 points off its intraday low of 3, ...
18 hours ago
Euro falls with no sign of ECB policy change
THE euro held near the day's lows on Wednesday after sources signalled European Central Bank chief Mario Draghi would not use his Jackson Hole appearance to signal policy change by the bank.
18 hours ago
Leaner Petronas to focus on select markets
MALAYSIAN state energy firm Petronas will focus on a few select markets for expansion, its CEO told Reuters, as it positions itself as a leaner and meaner company for a medium-term period of relatively low oil prices.
18 hours ago
As good as it gets: Iron ore risks a reversal as China cools
IRON ore in the US$70s a tonne may be as good as it gets for some time. After rallying hard in June and July, the commodity may see its gains unravel over the second half as steel production in China eases back from a record pace just as global miners pump up volumes.
18 hours ago
Solar developers, panel makers clash over tariff request
DOZENS of solar industry executives, government officials and foreign diplomats gathered on Tuesday to urge federal trade commissioners to reject a petition from two troubled domestic solar equipment manufacturers to impose steep tariffs and minimum price guarantees on similar imports. At risk, the ...
18 hours ago
Startups get a fillip at one-north Festival
Jacquelyn Cheok - STARTUP activity was kicked up a notch on Wednesday, with the launch of the one-north Festival, a four-day celebration of entrepreneurship, innovation and research co-organised by the Agency for Science, Technology and Research (A*Star) and JTC.
18 hours ago
Creative awarded S$36m in legal proceedings against Huawei
Jacquelyn Cheok - CREATIVE Technology has been awarded some S$36 million in its legal proceedings in Singapore against Chinese telecoms company Huawei for damages and losses suffered in relation to a failed wireless broadband project - after a five-year-long court case.
18 hours ago
US tech companies ramp up Nafta lobbying on eve of trade talks
TECHNOLOGY companies, such as Microsoft and Cisco Systems, have ramped up lobbying ahead of talks to renegotiate the North American Free Trade Agreement, looking to avoid any future restrictions on cloud storage and to promote an international pact to eliminate technology goods tariffs.
18 hours ago
Mobile app Babbel, Cambridge team up for English tests
GERMANY'S Babbel, the highest grossing maker of mobile language-learning apps, has teamed up with Cambridge University's English language certification arm to set a new, high-quality standard for digital language testing, the companies said on Wednesday.
18 hours ago
Oozi Cats or Uzi Katz: from fugitive to tech CEO and back again
AS the boss of a successful, if obscure, technology firm serving customers such as Tesla, Cisco, and AT&T, Oozi Cats travelled the world, had a company-funded car and house in Rome, and took home more than one million euros (S$1.6 million) a year.
18 hours ago
Apple tightens Hong Kong returns policy ahead of new iPhone launch
APPLE Inc is making it harder for touts to profit from buying iPhones in Hong Kong only to sell them on the black market in China.
18 hours ago
Black on black with Ion Orchard
TOMORROW'S edition of The Business Times will have a UV-coated black-on-black cover. This visually-distinctive design will be a first not just for BT, but for any newspaper in Singapore.
18 hours ago
Belgian beer invasion takes on Brexit as brewers eye UK market
THE UK's impending departure from the European Union (EU) has been blamed for weakening the pound, putting London banking jobs in danger and curtailing economic growth. Now, it's putting at risk a fledgling attempt to bring the complexities of Belgian beer to British drinkers.
18 hours ago
McDonald's China counts on developer deals to catch KFC
THE new owners of McDonald's China are sealing deals with the country's biggest property developers to secure the best store locations in a bid to catch up with the rival KFC franchise.
18 hours ago
Analysts predict upside for wastewater-treatment firms
Andrea Soh - WASTEWATER treatment firms on the Singapore Exchange (SGX) have scored a flurry of contract wins lately, but with the sector currently out of favour among investors, these have barely moved their share prices.
18 hours ago
Singapore SME business sentiment on the rise: survey
Chin Yong Chang - BUSINESS sentiment among Singapore SMEs (small and medium enterprises) has risen, at least according to this year's Singapore Chinese Chamber of Commerce and Industry's (SCCCI) annual business survey. This finding comes in spite of tough conditions for SMEs here such as global political r ...
18 hours ago
Heng urges companies to give innovation a boost
Adeline Tan - SINGAPORE companies are now spending more on research and development (R&D), but there is still more room to improve the innovation ecosystem within which they operate, Finance Minister Heng Swee Keat said on Wednesday.
18 hours ago
K1 plans S$131m distribution after stake sale
Michelle Quah - INVESTMENT holding company K1 Ventures - in which Temasek Holdings owns a deemed stake - has proposed to distribute surplus cash to its shareholders by way of a capital reduction exercise, following the sale of its entire interest in Guggenheim Capital.
18 hours ago
Shares in Sino Grandness dive, sparking SGX query
Vivien Shiao - THE share price of Sino Grandness Food Industry Group plunged as much as 24 per cent on Wednesday, prompting a query from the Singapore Exchange (SGX) on the unusual price movement.
18 hours ago
Tencent beats expectations with 70% Q2 profit surge
CHINESE tech giant Tencent on Wednesday reported second-quarter results that handily beat analyst estimates in an apparent validation of the company's push to build up its entertainment and gaming businesses.
18 hours ago
Cathay Pacific posts worst first-half loss in at least 20 years
CATHAY Pacific Airways Ltd on Wednesday posted its worst first-half loss in at least 20 years and said it did not expect conditions to improve for the rest of the year, as it continues to lose customers to mainland Chinese competitors.
18 hours ago
Corporate digest
DEL Monte Pacific on Wednesday announced the appointment of Gregory Longstreet as the new chief executive officer of the company's US subsidiary, Del Monte Foods Inc (DFMI), effective Sept 5, 2017. As CEO, Mr Longstreet will be responsible for DMFI's strategy, business and overall organis ...
18 hours ago
Green bond market still small, with likes of Tesla skipping it
INVESTORS are hungrier than ever for green bonds, yet companies known for their sustainable prowess - including Tesla Inc - are choosing to sit out, raising questions about just how valuable the label is.
18 hours ago
Ex-Nomura man in Chicago takes activist investing to small Japan firms
FROM downtown Chicago, a former Nomura Holdings Inc salesman is taking activist investing to Japan's smaller listed firms, betting that Prime Minister Shinzo Abe's corporate governance overhaul is trickling down to less covered parts of the market.
18 hours ago
Seven charged in US insider trading ring
David Hughes - U.S. authorities on Wednesday announced insider trading charges accusing seven people of generating more than US$5 million of profit based on tips from a Bank of America Corp employee about dozens of pending corporate transactions.
18 hours ago
European stocks rise ahead of Fed Reserve minutes
David Hughes - LONDON: European and US stock markets rose on Wednesday (Aug 16) as investors looked ahead to the release of Federal Reserve minutes for clues on the US interest rate outlook. "European stock markets remain strong as the bullish sentiment that returned to the markets at the beginning of the week ...
18 hours ago
Mexico says it is too soon to bridge gulf on NAFTA views
Today - WASHINGTON - Mexico's economy minister on Wednesday said the first day of talks to rewrite a trade pact between the United States, Mexico and Canada produced no surprises and the three sides did not yield any ground on their positions. "I think...
18 hours ago
Mexico's top court gives Slim's America Movil victory in telecom battle
Today - MEXICO CITY - The Mexican Supreme Court on Wednesday found unanimously that billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging its rivals interconnection fees, a setback to a sweeping...
18 hours ago
Fed's Williams sees Fed 'half way' on rate-hike path: CNN
Today - The U.S. central bank is roughly at the mid-point on its current path to normalize interest rates as the economy has shown further improvement even without fiscal stimulus, San Francisco Federal Reserve President John Williams told CNN television. ...