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



2 days ago
Veteran German banker to become head of UBS wealth management
VETERAN German banker Martin Blessing will replace Juerg Zeltner as the head of UBS's market-leading wealth management business at the turn of the year, Switzerland's biggest bank said on Thursday.
2 days ago
Temasek unit, Canadia to launch digital wallet and payment platform in Cambodia
Rachel Mui - TEMASEK-OWNED Fullerton Financial Holdings has teamed up with Canadia Investment Holding plc to launch DaraPay - a new digital wallet and payment platform, in Cambodia. This is Fullerton's second investment in Cambodia after launching Cambodia Post Bank plc in 2013.
2 days ago
Eurozone revival exceeds expectations, but chronic structural, cyclical issues remain
Neil Behrmann - THE eurozone economy has exceeded the gloomy consensus forecasts that were prevalent 12 months ago, but deep-seated structural and cyclical problems remain.
2 days ago
A fitting farewell for Janet Yellen
Rob Curran - JANET Yellen's farewell was a fitting one for the central banker - a modest rate hike and some straight talk.
2 days ago
November retail sales surpass expectations
US retail sales increased more than expected in November as the holiday shopping season got off to a brisk start, pointing to sustained strength in the economy that could pave the way for further Federal Reserve interest rate hikes next year.
2 days ago
Japan's ruling bloc approves corporate tax cut to encourage wage hikes
JAPAN'S ruling bloc approved a plan on Thursday to slash the corporate tax rate to around 20 per cent from 30 per cent - but only for companies that raise wages aggressively and boost domestic capital spending.
2 days ago
May heads to EU summit after Brexit defeat by her own party
UK Prime Minister Theresa May is headed to a European summit that was set to approve the breakthrough victory in Brexit talks she celebrated last week. Instead, she arrives after a serious defeat at the hands of her own party.
2 days ago
ECB ups growth forecasts but keeps easy money pledge
THE European Central Bank raised growth and inflation forecasts for the euro area on Thursday but stuck to its pledge to provide stimulus for as long as needed, predicting inflation would remain below target into 2020.
2 days ago
China raises market rates to fend off financial risks; growth moderates
CHINA'S central bank on Thursday nudged up money market rates as authorities sought to defuse financial risks without imperilling the economy, a balancing act that they have managed successfully so far this year as activity remained broadly steady.
2 days ago
Extra S$8b worth of liquidity tied up due to poor working capital performance: study
Stephanie Luo - WORKING capital performance in half of Singapore's business sectors has deteriorated year on year (y-o-y), translating into an additional S$8.7 billion of liquidity tied up, a joint study by PwC Singapore and Spring Singapore has found.
2 days ago
China November output slows as skies clear
Virginie Mangin - CHINA'S industrial output slowed last month as the government continued its war on polluting factories and closed coal-burning furnaces.
2 days ago
Fed rate hike dents USD; regional stocks hit by surprise BOC rate moves
Yasmine Yahya - REGIONAL markets declined and the US dollar weakened after the US Federal Reserve made a widely anticipated move to raise interest rates overnight on Wednesday (Singapore time).
2 days ago
STI down 1% on China central bank hike
Claire Huang - REGIONAL markets were singing the same funereal tune - a reaction evoked largely by a surprise move from China's central bank to raise borrowing costs hours after the US Federal Reserve's decision to tighten monetary policy.
2 days ago
Singapore wins race to house Neste's new renewable diesel plant
Jacqueline Woo - ENERGY giant Neste has settled on Singapore as home for its next large-scale renewable diesel plant as the group moves to beef up its renewable products business.
2 days ago
S Korea plans shift to renewables, but coal, nuclear to remain strong
SOUTH Korea aims to expand the share of renewables and also natural gas in its fuel mix to gradually cut back its high dependence on coal and nuclear power over the 15 years to 2031, the energy ministry said on Thursday.
2 days ago
BP's plan to buy Australian petrol pump network blocked
ENERGY giant BP's plan to buy a network of Australian petrol stations from supermarket chain Woolworths was blocked on Thursday by the competition watchdog over fears it will lead to higher fuel prices.
2 days ago
Investors pour cash into US shale despite questions on returns
FINANCIERS keep pouring cash into the shale oil sector, providing producers with a path to keep US output rising through the middle of the next decade.
2 days ago
China steel prices sag further, but low stockpiles cap losses
CHINA'S rebar steel futures dropped for a second straight session on Thursday as demand in the world's top consumer slows over winter along with construction activity, although multi-year low stockpiles capped losses.
2 days ago
IBM taps banks, tech firms in quantum computer push
INTERNATIONAL Business Machines Corp (IBM) has signed up several prominent banks as well as industrial and technology companies to start experimenting with its quantum computers.
2 days ago
Rakuten wants to become Japan's 4th wireless carrier
JAPANESE e-commerce firm Rakuten said it would apply for a 4G mobile licence, aiming to become the country's fourth major wireless carrier in a strategic shift that had analysts warning of an uphill battle to gain customers.
2 days ago
Bought apple stock in 1980? Held it? Don't gloat
Joe Nocera - THIRTY-SEVEN years ago on Tuesday, Apple Inc went public, raising a little over US$100 million by selling its stock for US$22 a share (40 US cents on a split-adjusted basis). The sale was as eagerly anticipated as any initial public offering (IPO), including those of other technology innovators suc ...
2 days ago
Netflix is less noisy defender of net neutrality as vote arrives
NETFLIX INC, a champion for net neutrality regulations three years ago during Washington's last big battle on the topic, has been less outspoken this year as the rules head for the chopping block.
2 days ago
Bumper crop of new drugs fails to lift big pharma R&D returns
SO FAR this year, the US Food and Drug Administration, gatekeeper to the world's biggest drugs market, has approved 41 novel drugs compared with 22 for the whole of 2016.
2 days ago
Target to buy Shipt for US$550m as it steps up challenge to Amazon
TARGET agreed to purchase grocery-delivery startup Shipt for US$550 million, stepping up its challenge to Amazon.com by speeding the rollout of same-day shipping.
2 days ago
Vivienne Tam scales style peaks with China Chic
SOME of us are fortunate to find a calling in life early on; and for Vivienne Tam, it was literally by design. At age eight, watching her mother make dresses to save money, Tam decided to try her hand at it as well. She has been designing clothing ever since.
2 days ago
Delta said to favour Airbus over Boeing for order of 100 jets
DELTA Air Lines Inc is leaning towards Airbus SE over Boeing Co for an order of about 100 single-aisle jets that will be announced after the carrier's board makes a decision, sources said.
2 days ago
MPA pumps S$12 million more to promote S'pore's LNG bunkering
Anita Gabriel - THE Maritime and Port Authority of Singapore (MPA) has injected another S$12 million to boost Liquefied Natural Gas (LNG) bunkering in the Port of Singapore.
2 days ago
Make Christmas personal and buy for good, in BTWeekend
CHRISTMAS is just around the corner and homeowners are getting into the spirit as they deck their halls with festive trimmings. BTWeekend takes a peek into four homes which put a personal stamp on their holiday decor.
2 days ago
Singtel's Optus acquires spectrum in Australia
Anita Gabriel - SINGAPORE Telecommunication's Australian unit Optus has acquired a variety of new metropolitan licences for customers in the 2300 MHz and 3500 MHz spectrum bands for A$6.5 million (S$6.7 million).
2 days ago
MiFID II will not affect SGX stocks dual-listed in Europe: MAS
Marissa Lee - EUROPEAN investors in Singapore-listed stocks that are dual-listed in Europe can continue to transact without being affected by the European Union's new financial markets regulations, known as MiFID II, which will come into force on Jan 3.
2 days ago
Marco Polo wins support for new share issuance
Tan Hwee Hwee - MARCO Polo Marine won a majority vote at an extraordinary general meeting (EGM) on Thursday in favour of the issuance of new securities that are key to the offshore and marine company's restructuring plan.
2 days ago
SIA receives first of five new retrofitted A380s
Nisha Ramchandani - SINGAPORE Airlines (SIA) first new Airbus A380 - which has been reconfigured in the pursuit of higher revenues - touched down at Changi Airport on Thursday morning from Toulouse, ahead of its first commercial flight to Sydney on Dec 18.
2 days ago
US stocks decline on reports of tax cut opposition
Chai Wai Fook - NEW YORK: Wall Street stocks retreated on Thursday (Dec 14) as reports of congressional opposition to the tax cut plan and worries about lofty equity valuations ended the Dow's run of records. Reports that Senator Marco Rubio, a Florida Republican, could vote against the final tax cut package ...
2 days ago
Austrian airline's grounding strands thousands
VIENNA: Austria on Thursday (Dec 14 began organising the repatriation of thousands of passengers stranded by the grounding of the airline Niki after Lufthansa dropped plans to buy it. Niki, whose roughly 20 planes served resorts in southern Europe and north Africa, ceased operations late Wednesday ...
2 days ago
Euro sags as rates held steady
LONDON: The euro slid back under US$1.18 on Thursday (Dec 14) after the ECB held interest rates and kept the easy money spigot open despite hiking its growth forecast for the eurozone. Meanwhile US stocks added to records following solid US retail sales data and as Disney advanced following a ...
2 days ago
Delta orders 100 Airbus planes in blow to Boeing
NEW YORK: Delta Air Lines announced on Thursday (Dec 14) it has ordered 100 Airbus planes with an option to buy 100 more, in a blow to Airbus' American rival Boeing. Delta said it was buying the A321neo aircraft to renew its narrow-body fleet, which have 197 seats and are used for domestic or ...