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

Hong Kong: Stocks flat at open

[HONG KONG] Hong Kong stocks opened marginally lower Thursday on lingering worries about a China-US deal to avert a trade war and uncertainty over Donald Trump's planned meeting with North Korean leader Kim Jong Un.

1 day ago

United Air CEO grilled over NRA discount, workers rights at annual meeting

Andrea Soh - United Airlines executives faced questions about ending its discount for a gun rights group and how it treats its workers at the carrier's annual shareholders meeting on Wednesday.

1 day ago

Go-Jek says will enter Singapore, Vietnam, Thailand, Philippines in next few months

Ann Williams - INDONESIA's ride-hailing start-up Go-Jek announced on Thursday that it will invest about US$500 million to move into four new markets in the next four months - Singapore, Vietnam, Thailand and the Philippines.

1 day ago

Trump administration weighs slapping tariffs on auto imports

[WASHINGTON] The US Commerce Department said Wednesday it launched an inquiry that could allow the Trump administration to impose tariffs on auto imports over national security concerns.

1 day ago

Petrobras cuts fuel price after huge Brazil truck strike

[Rio DE JANEIRO] Brazil's state-controlled oil company Petrobras yielded Wednesday to pressure and temporarily reduced fuel prices after striking truckers threatened to paralyze airports and nationwide commerce.

1 day ago

Malaysia: Shares open higher on Thursday

MALAYSIA share prices opened higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 5.65 points to 1,809.90 at 9.01am.

1 day ago

Singapore shares open higher on Thursday, STI up 0.4% to 3,510.46

Rachel Mui - SINGAPORE stocks opened higher on Thursday, with the Straits Times Index gaining 14.19 points, or 0.4 per cent to 3,510.46 as at 9.01am. 

1 day ago

Tokyo: Stocks open lower as yen firms

[TOKYO] Tokyo stocks opened lower on Thursday as the yen edged up against the dollar on higher oil prices, with lingering concerns about the potential delay of a US-North Korea summit.

1 day ago

Deutsche Bank said to mull 10,000 job cuts in global retreat

[FRANKFURT] Deutsche Bank AG is considering 10,000 job cuts and retreating from equities markets across the world as part of a sweeping overhaul by chief executive officer Christian Sewing, people familiar with the matter said.

1 day ago

Oil prices drop on potential increase in OPEC output

Tan Hwee Hwee - Oil prices fell on Thursday, pulled down by expectations that OPEC members could step up production in the face of worries over supply from both Venezuela and Iran.

1 day ago

Uber shuts Arizona self-driving program two months after fatal crash

Tan Hwee Hwee - SAN FRANCISCO: Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday. Uber Technologies Inc is not shuttering its entire autonomous vehicle program and will focus on limited testing in Pittsburgh ...

1 day ago

Stocks to watch: ISOTeam, Vard, Boustead Singapore

Rachel Mui - THE following companies saw new developments that may affect trading of their shares on Thursday:

1 day ago

Temasek unit targets to raise $500m via PE-backed bonds for retail investors

Joji Thomas Philip - This marks the first such structure globally where retails investors can subscribe to private equity bonds. These Astrea PE Bonds are secured bonds, backed by cash flows from a US$1.1bn portfolio of investments in 36 private equity funds. The post Temasek unit targets to raise $500m via PE-backed bo ...

1 day ago

Stocks to watch: ISOTeam, Yongnam, Keppel, Neo Group, Boustead Singapore, Pollux Properties, Midas

PC Lee - SINGAPORE (May 24): Here are some stocks that could move the market this Thursday morning: ISOTeam says it recently secured seven new contracts amounting to $52.58 million, including a $46.54 million mega-contract from Marina Bay Sands (MBS). Shares in ISOTeam closed flat at 36 cents on Wednesday. I ...

1 day ago

Asia markets lower on renewed US-China trade concerns

Tan Hwee Hwee - Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates.

1 day ago

ISOTeam announces $46.6 mil mega-contract win from Marina Bay Sands

Michelle Zhu - SINGAPORE (May 24): ISOTeam says it recently secured seven new contracts amounting to $52.58 million, including a $46.54 million mega-contract from Marina Bay Sands (MBS). Under the mega-contract, ISOTeam will convert the existing retail, theatre lobby and theatre 2 at the MBS integrated resort to a ...

1 day ago

Hong Kong court appoints liquidators to Swing Media Technology Group

Marissa Lee - MAINBOARD-listed Hong Kong DVD maker Swing Media Technology Group said on Thursday that liquidators from PwC had been appointed to facilitate the winding-up of the company in February.

1 day ago

QT Vascular calls for trade halt pending announcement

Marissa Lee - MEDTECH firm QT Vascular has called for a trading halt pending an announcement at 8.10am on Thursday.

1 day ago

ISOTeam clinches seven new contracts worth S$52.6m

Marissa Lee - ISOTeam has secured seven new contracts totalling S$52.58 million that it expects to complete between June 2018 and September 2019.

1 day ago

Vard clinches contract to build stern trawler for 400m kroner

Rachel Mui - SHIPBUILDER Vard Holdings has clinched a contract for the design and construction of a stern fishing trawler for Nergård Havfiske AS in Norway, for about 400 million Norwegian kroner (S$66.5 million).

1 day ago

Singapore ranked 3rd most competitive economy in the world

Samantha Chiew - SINGAPORE (May 24): Singapore has made it to the top five most competitive economies in the world, according to the 30th IMD World Competitive Rankings. Aided by strong government efficiency, the republic also retained its ranking as third most competitive economy in the world and kept its top spot ...

1 day ago

Singapore’s Royal Golden Eagle acquires Brazil’s pulp maker Lwarcel

Carolina Mandl - Royal Golden Eagle owns pulp and paper maker Asia Pacific Resources Group, known as April Group, among other assets. The post Singapore’s Royal Golden Eagle acquires Brazil’s pulp maker Lwarcel appeared first on DealStreetAsia.

1 day ago

Singapore non-oil exports up 1.1% in Q1; full-year forecast maintained at 1-3% growth

Chuang Peck Ming - NON-oil domestic exports (NODX) grew 1.1 per cent year-on-year in the first three months of the year and government planners are maintaining their earlier forecast that the NODX will rise 1-3 per cent for the full year.

1 day ago

First Sponsor Group bets on Europe, not China, to boost profits

Bloomberg - SINGAPORE (May 24): Less than four years after its public offering as a play on China’s red-hot property market, Singapore’s First Sponsor Group is banking on continental Europe to fuel earnings growth. The company, which counts Hong Leong Group Singapore and Tai Tak Estates among its shareholde ...

1 day ago

Singapore manufacturing continues to drive growth in Q1; services catching up

Vivien Shiao - MANUFACTURING continued to lead Singapore's economic growth in the first quarter, but the services sector is fast catching up, based on the latest data by the Ministry of Trade and Industry on Thursday.

1 day ago

Singapore GDP up 4.4% in Q1, full-year growth forecast at 2.5-3.5%

Janice Heng - SINGAPORE'S GDP (gross domestic product) grew 4.4 per cent in the first three months of 2018, with full-year growth expected to come in at "2.5 to 3.5 per cent" this year, said the Ministry of Trade and Industry on Thursday.

1 day ago

VARD bags $66 mil contract to build trawler for Norwegian fishery

Michelle Zhu - SINGAPORE (May 24): VARD Holdings has secured a new contract valued at NOK 400 million ($66.4 million) for the design and construction of one stern trawler for Nergård Havfiske AS, which is part of Norwegian fishery Nergård group. Delivery of the vessel is scheduled from VARD Brattvaag in Norway i ...

1 day ago

TT International gets time extension to report results, hold AGM

Marissa Lee - STRUGGLING mainboard-listed consumer electronics retailer TT International has received a time extension from the Singapore Exchange for the release of its financial statements and to hold its annual general meeting.

1 day ago

Hyflux exits Saudi Arabia project amid debt restructuring woes

Michelle Zhu - SINGAPORE (May 24): Hyflux says it has decided not to go through with a project to develop three desalination plants in Saudi Arabia as a capital injection is now required, in view of its recent financial woes.   The beleaguered water solutions provider says it has received US$3.5 million ($4.7 mil ...

1 day ago

Starbucks calls anti-bias training part of 'long-term journey'

Tan Hwee Hwee - LOS ANGELES: Starbucks Corp on Wednesday (May 23) revealed details of the employee anti-bias training programme that will take place behind closed doors at 8,000 US company-owned cafes on the afternoon of May 29. Starbucks announced plans to shutter stores and corporate offices to train 175,000 ...

1 day ago

J&J hit with US$21.7 million verdict in another talc asbestos cancer case

Tan Hwee Hwee - Johnson & Johnson and its talc suppliers on Wednesday were hit with a US$21.7 million jury verdict in a lawsuit by a woman who said she developed cancer after being exposed to asbestos in the company's Baby Powder.

1 day ago

Trump can't block his critics on Twitter, judge rules

[WASHINGTON] President Donald Trump violated the US constitution by blocking Twitter users who disagree with him, a federal judge ruled Wednesday in a case closely watched for implications for online free speech.

1 day ago

Pentagon pulls China's invite to Pacific naval exercises

[WASHINGTON] The Pentagon has pulled its invitation for China to join maritime exercises in the Pacific because of Beijing's "continued militarisation" of the South China Sea, an official said Wednesday, in the latest sign of US-China strains.

1 day ago

US wants China to approve more biotech crops under trade deal: sources

[CHICAGO] The United States is seeking better access for imports of genetically modified crops into China as part of a trade deal currently under discussion between the two sides, said two people familiar with the matter.

1 day ago

Comcast prepares to top Disney's US$50 billion offer for Fox

Tan Hwee Hwee - Comcast Corp on Wednesday confirmed that it is considering and is in advanced stages of preparing an offer for the businesses that Twenty-First Century Fox has agreed to sell to Walt Disney Co .

1 day ago

Wall Street dominance over Europe's struggling banks hits record

Tan Hwee Hwee - Wall Street's dominance over struggling European banks has reached record levels as U.S. firms reap the benefits of booming markets at home, while their transatlantic rivals are trapped in endless restructurings, data showed on Thursday.