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

Wall Street slips at open after Morgan Stanley results

Siow Li Sen - Wall Street's main indexes were set to retreat from one-month highs on Thursday after Morgan Stanley's weak results and renewed concerns over the progress of Sino-U.S. trade talks.

3 days ago

GS Holdings forms JV to expand into F&B business

Vivien Shiao - CENTRALISED dishwasher firm GS Holdings announced that it has entered into a joint venture (JV) agreement with individual Zhang Li Ying to expand into the food and beverage (F&B) business.

3 days ago

Policy challenge: Rising healthcare costs

Trinity Chua - SINGAPORE (Jan 14): Seow Ban Yam, an 82-year-old suffering from cataracts, made headlines last month when the public health insurance scheme MediShield Life paid only $4.50 of his subsidised bill of $4,477, because of claim limits set for his eye operations. The surgical procedures took place at th ...

3 days ago

Citigroup names David Livingstone EMEA head

Annabeth Leow - REUTERS: Citigroup Inc on Thursday named David Livingstone as head of its operations in Europe, the Middle East and Africa region, in place of Jim Cowles, according to a memo seen by Reuters. Livingstone, who was most recently the Wall Street bank's chief country officer for Australia and New ...

3 days ago

7 ways candidates can land their dream job in 2019: Hays

Michelle Zhu - SINGAPORE (Jan 17): Jobseekers this year will need to demonstrate the unique value they can potentially bring to a business, on top of their willingness to adapt to change in the face of multifaceted disruptions, according to recruitment experts Hays. So, here are seven ways to land that coveted ro ...

3 days ago

Trump tariffs force tough choices at US auto suppliers

Vivien Shiao - Bob Roth makes no bones about his feelings towards U.S. manufacturing.

3 days ago

Redas announces new president, management committee

Vivien Shiao - THE Real Estate Developers' Association of Singapore (Redas) has announced its new management committee for the 2019/2020 term, with City Developments group general manager Chia Ngiang Hong as president.

3 days ago

US weekly jobless claims unexpectedly fall

Vivien Shiao - The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy.

3 days ago

French foie gras makers fed up by toughened California ban

Vivien Shiao - French producers of foie gras, the rich liver delicacy made from force-feeding grain to ducks or geese, have denounced a ban on the product in California, saying they make the creamy paté humanely, following all the rules.

3 days ago

Futures down after Morgan Stanley results, trade worries

Vivien Shiao - Wall Street's main indexes were set to retreat from one-month highs on Thursday after Morgan Stanley's weak results and renewed concerns over the progress of Sino-U.S. trade talks.

3 days ago

China is ‘right market’ for UK retailer Laura Ashley; Singapore office key in Asia expansion

Nisha Ramchandani - SINGAPORE: Laura Ashley, the British home furnishings and fashion retailer best known for its signature floral prints, is optimistic that China will be the “right market” as it turns to Asia with hopes of rejuvenating falling sales and profits. Its foray into one of the world’s biggest consume ...

3 days ago

Renault says it is considering new governance, CEO Ghosn succession

Annabeth Leow - Renault confirmed on Thursday that it was considering new leadership to replace embattled Chairman and CEO Carlos Ghosn, after French Finance Minister Bruno Le Maire called publicly for a board meeting to address his succession.

3 days ago

MP Louis Ng urges Government to ban shark’s fin from public service events

amanda.eber - Nicholas Khong and Navene Elangovan34 min 48 sec agoSINGAPORE — Shark’s fin dishes should be banned from events organised by or for the p

3 days ago

Trading operations stung banks in fourth quarter but dovish Fed fuels hope

Vivien Shiao - Big trading operations were a thorn in the side of the top U.S. banks in the fourth quarter as fears about global growth sent credit markets into a tailspin, but a "dovish" turn from the Federal Reserve may mean the drama is over for now.

3 days ago

Morgan Stanley quarterly profit more than doubles

Vivien Shiao - Morgan Stanley's fourth-quarter profit more than doubled from a year earlier when it recorded a US$1 billion tax charge due to changes in the U.S. tax law.

3 days ago

Musk tweets Tesla to end customer referral plan because of costs

Vivien Shiao - Tesla Inc's customer referral incentive plan will end on Feb. 1, the electric carmaker's Chief Executive Officer Elon Musk tweeted on Thursday, citing costs.

3 days ago

In Argentina crisis, firms do everything to cut costs - except fire workers

Vivien Shiao - Like many Argentine businessmen, Marco Meloni is doing everything he can to avoid laying off staff at his textile factory despite a slump in sales, more than 70 percent interest rates and soaring utility bills.

3 days ago

Shutdown is starting to hurt Trump's financial deregulation agenda

Vivien Shiao - The U.S. government shutdown over President Donald Trump's call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations.

3 days ago

Lingerie looks for new bottom line after #MeToo

Vivien Shiao - PARIS: "We haven't yet found a better way of selling knickers than a beautiful bottom," says Sarah Stagliano, one of a new breed of French lingerie designers grappling with how to make exciting underwear in the age of #MeToo. With G-strings and push-up bras losing their allure as ultra sexiness ...

3 days ago

Woman, 27, stole to pay S$500 rent, now fined S$1,000

amanda.eber - Wong Pei Ting37 min 51 sec ago

3 days ago

PG&E shareholder BlueMountain says bankruptcy unnecessary

Annabeth Leow - REUTERS: PG&E Corp shareholder BlueMountain Capital Management LLC on Thursday "challenged" the U.S. utility's decision to file for bankruptcy, saying it was unnecessary. In a letter to the company's board, the asset manager said "there is overwhelming evidence that PG&E is solvent". Earlier ...

3 days ago

Stocks turn red, pound finds some peace

Vivien Shiao - Asian shares crept higher on Thursday as upbeat bank earnings bolstered Wall Street, while an anti-climactic end to the latest chapter in the Brexit saga gave sterling a moment's peace.

3 days ago

AGV Group seeks 2-month extension for holding of AGM

Vivien Shiao - AGV Group Limited is seeking an extension of two months for its AGM for FY2018 to be held by Mar 31 instead of Jan 31 as the company's auditors need more time to finalise and issue their audit report.

3 days ago

China watchdog bans officials from close ties with liquor giant Moutai

Annabeth Leow - The anti-graft watchdog in China's southwestern Guizhou province on Thursday banned officials and their family members from taking part in operations or using their position to influence sales for liquor giant Kweichow Moutai Co Ltd.

3 days ago

Digital games saw 12% growth to US$113.4 billion in 2018

Vivien Shiao - LOS ANGELES: Fortnite generated the most annual revenue of any game in history and popularized gaming video content among mainstream audiences, according to industry analyst firm SuperData. The group, a division of Nielsen, says that 2018 was the biggest year for gaming and entertainment of all .. ...

3 days ago

OUE Lippo Healthcare obtains final arbitration award against individual David Lin

Vivien Shiao - OUE Lippo Healthcare Limited announced after trading hours on Thursday that it has successfully obtained a final arbitration award against individual David Lin Kao Kun in Singapore.

3 days ago

Man accused of PIC scam handed record jail term for obstructing justice

amanda.eber - Wong Pei Ting16 min 52 sec agoSINGAPORE — A 35-year-old businessman who allegedly cheated the taxman of more than S

3 days ago

Renault executives, French government officials to meet Nissan CEO: Nikkei

Vivien Shiao - Renault executives and French government officials were planning to meet Nissan CEO Hiroto Saikawa in Japan on Thursday, Japanese media said, as the automakers consider their partnership in the wake of alliance Chairman Carlos Ghosn's arrest.

3 days ago

Singapore’s first ‘live’ 5G facility opens, with novel applications to follow

amanda.eber - Nicholas Khong24 min 3 sec agoSINGAPORE — Since January last year, Singapore Polytechnic’s School of Electrical Eng

3 days ago

Keppel Capital's fund closes at US$1.1b, exceeds targets

Vivien Shiao - KEPPEL Capital Holdings' private fund management arm Alpha Investment Partners has announced the final closing of the Alpha Asia Macro Trends Fund (AAMTF) III, having raised a total of about US$1.1 billion, including co-investments.

3 days ago

EXCLUSIVE: oBike Singapore’s debt, in numbers

amanda.eber - Cynthia Choo and Kenneth Cheng6 min 38 sec agoSINGAPORE — oBike Asia, the bicycle-sharing firm’s Singapore-registered entity, owes

3 days ago

Ministry of Law to introduce new laws on copyright and commissioned work

Staff Reporter - Submitted By:  Arianna Danganan Case Study:  No Creators will be given a new right to be attributed as the creator of the works regardless of whether they still own the copyright. The Ministry of Law (MinLaw) will amend the Copyright Act in its effort to update Singapore’s copyright ...

3 days ago

TODAY's evening brief for Thursday, Jan 17

asyrafkamil - 10 hours 15 min ago

3 days ago

Siemens rules out further concessions to get Alstom deal approval: sources

Anita Gabriel - Siemens will not make further concessions to save a rail merger deal with France's Alstom even after European competition authorities demanded further concessions, sources familiar with the matter said.

3 days ago

Japan's Hitachi freezes British nuclear project

Anita Gabriel - Hitachi said Thursday it would freeze construction of its stalled nuclear power station in Wales due to problems financing the project, a blow to Britain's nuclear strategy and a costly decision for the Japanese firm.

3 days ago

Japan court rejects ex-Nissan chief's bail appeal

Anita Gabriel - Lawyers for former Nissan boss Carlos Ghosn on Thursday appealed against a decision by a Tokyo court to refuse him bail, as he faces charges on three counts of financial misconduct.