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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1 day ago
Asian shares conquer new peaks, oil up on Iraq tensions
Today - SYDNEY - Asian shares advanced to new highs on Monday following Wall Street's lead, while U.S. oil futures jumped to hover near a six-month peak as escalating tensions between the Iraqi government and Kurdish forces threatened supply. Iraqi...
1 day ago
Malaysia: Shares open higher on Monday
MALAYSIA share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 3.98 points to 1,759.30.
1 day ago
Singapore shares open up on Monday
Jamie Lee - SINGAPORE share prices opened higher on Monday with the Straits Times Index (STI) up 6.05 points to 3,325.16 as at 9.03 am. Wall Street closed higher on Friday.
1 day ago
Singapore: Online restaurant booking service Chope raises $13m
Aastha Maheshwari - The funding round was led by Square Peg Capital and joined by C31 Ventures and Moelis Australia. The post Singapore: Online restaurant booking service Chope raises $13m appeared first on DealStreetAsia.
1 day ago
Oil prices jump on fear of new US sanctions against Iran
[SINGAPORE] Oil markets opened up strong into the new week, with Brent crude up by one percent as concerns over renewed US sanctions against Iran drove prices up. A falling U.S. rig count also supported prices there.
1 day ago
Tokyo: Stocks open higher on Monday
[TOKYO] Tokyo stocks opened higher on Monday, tracking gains on Wall Street as the benchmark index extended buying sentiment after ending at a fresh 21-year high last week.
1 day ago
Singapore oil-and-gas travel firm sells majority stake to global business travel group
Jamie Lee - SINGAPORE'S Olympia Travels & Tours (S) Pte Ltd has sold a 70 per cent stake in the company to Wings Travel Management, a global travel management company providing business travel and mobility services to clients in the corporate, oil, gas and marine industries. The sale price was not dis ...
1 day ago
Hillary Clinton blames election loss on sexism during UK book tour
[CHELTENHAM, England] Former US Democratic presidential candidate Hillary Clinton blamed her 2016 election loss to Donald Trump on sexism and the"double standards" women are held to in public life during a promotional tour for her new memoir in Britain on Sunday.
1 day ago
Stocks to watch: Moya, AEM, Raffles Education
Jamie Lee - The following stocks may be in focus on Monday:
1 day ago
Oi's largest creditors demand meeting to renegotiate debt plan
Today - SAO PAULO - A group of bondholders that are Oi SA's largest creditors demanded on Sunday that the company's top executives meet them as soon as possible to renegotiate a debt plan. In a letter viewed by Reuters that was...
1 day ago
New Zealand sales activity falls 1.2 points in September: BNZ survey
[WELLINGTON] Growth in New Zealand's services sector slipped in September as an inconclusive general election hit sales activity, a survey showed on Monday.
1 day ago
Moya Holdings Asia sees dismissal of lawsuit against latest acquisition
Jamie Lee - MOYA Holdings Asia an Indonesian water company - on Monday said the Indonesian Supreme Court has dismissed a class action lawsuit against a unit of Moya's recent acquisition, Acuatico.
1 day ago
SG Dealbook: Lian Beng spinoff; TEE International JV; Accrelist placement
Shiwen Yap - Lian Beng is considering spinning off its property development business. The post SG Dealbook: Lian Beng spinoff; TEE International JV; Accrelist placement appeared first on DealStreetAsia.
1 day ago
Viacom, Spectrum continue talks past 7 pm deadline: source
Today - Viacom Inc and cable operator Spectrum continued talks Sunday night as the 7 pm ET (2300 GMT) deadline on their programming agreement passed, a source familiar with the situation told Reuters. As of 7 pm Sunday evening, Viacom's...
1 day ago
Alibaba invests US$15b for tech lab in Singapore
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Its R&D will cover data intelligence, IoT, and fintech. Retail giant Alibaba will open one new technology research lab in Singapore through its new program Alibaba DAMO Academy. According to a press release, Alibaba will invest more than U ...
1 day ago
SPH to cut jobs amidst higher profits
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No SPH to cut jobs amidst higher profits It intends to reduce its staff count by 10% next year. Despite higher profits, Singapore Press Holdings (SPH) announced on its results day that it intends to reduce its staff count by 10% in the coming yea ...
1 day ago
AEM raises FY17 profit estimates for nine-month, full-year
Wong Kai Yi - ELECTRONICS manufactuer AEM Holdings has raised its profit guidance for first nine months of 2017 and for the full year, citing higher sales and margins.
1 day ago
AEM issues positive update to profit guidance
Wong Kai Yi - AEM Holdings has issued a positive update to its profit guidance for the nine months ended September 2017, and for overall FY2017.
1 day ago
Trump's Obamacare move seen harming Americans, bipartisan prospects
[WASHINGTON] US President Donald Trump will hurt low-income Americans by doing away with Obamacare subsidies and make it harder for him to engage in bipartisan talks with Democrats as Congress edges toward a possible government shutdown, lawmakers said on Sunday.
1 day ago
Trump Obamacare move seen harming Americans, bipartisan prospects
[WASHINGTON] US President Donald Trump will hurt low-income Americans by doing away with Obamacare subsidies and make it harder for him to engage in bipartisan talks with Democrats as Congress edges toward a possible government shutdown, lawmakers said on Sunday.
1 day ago
May heads for Brussels after Brexit talks deadlock
[LONDON] Prime Minister Theresa May travels to Brussels on Monday for talks with EU chief Jean-Claude Juncker after deadlock in Brexit talks appeared to dash British hopes that a summit later in the week could launch negotiations on future trade ties.
1 day ago
China's Zhou warns corporate debt too high, urges fiscal reform
[NEW YORK] People's Bank of China Governor Zhou Xiaochuan warned that Chinese companies have taken on too much debt, and argued for less financial leverage as well as fiscal reforms to constrain local government borrowing.
1 day ago
JD.com shares are a better deal than Alibaba's: Barron's
Today - NEW YORK - Shares of China's No.2 e-commerce firm JD.com are a better deal for investors than Alibaba Group's stock and could rise 30 percent or more over the next year, Barron's said on Sunday. JD.com's shares have...
1 day ago
Indonesia set for trillion-dollar economy in bittersweet triumph
[JAKARTA] Indonesia is on track to become a trillion-dollar economy and should be the envy of Southeast Asia. Yet on some key measures, the region's biggest economy is falling behind.
1 day ago
Central bankers bet weak inflation won't last forever
[WASHINGTON] The European Central Bank expects a pickup in inflation even though wages have remained weak during the current economic recovery, its vice-president, Vitor Constancio, said on Sunday.
1 day ago
Merkel in poll setback before tough coalition talks
[BERLIN] Chancellor Angela Merkel's conservatives lost a closely-watched state poll on Sunday, weakening her hand as she embarks on complex coalition talks following a disappointing showing at last month's general election.
1 day ago
Bombardier exploring options for aerospace businesses: Bloomberg
Today - Canadian aerospace manufacturer Bombardier Inc is exploring options for its aerospace businesses, including a sale of some operations, Bloomberg reported on Sunday. The company is considering disposal of assets including its...
1 day ago
Oil producers may not need to extend cuts: Kuwait
[KUWAIT CITY] Oil producers may not need to roll over a deal to cut production beyond March if all members fully comply with their pledges, the Kuwaiti oil minister said on Sunday.
1 day ago
Austrian 'whizz-kid' in election triumph
[VIENNA] Austria's political "whizz-kid" Sebastian Kurz was on course on Sunday to become Europe's youngest leader, potentially in coalition with the far-right after its best result in almost 20 years.
1 day ago
France will expel illegal immigrants who commit crime: Macron
[PARIS] Illegal immigrants who commit crimes in France will face deportation, President Emmanuel Macron said on Sunday, in an interview in which he also confirmed disgraced Hollywood movie mogul Harvey Weinstein will be stripped of the prestigious Legion d'Honneur.
1 day ago
Nim Gardens, Ridgewood owners form collective sales committees
Lynette Khoo - THE en bloc fever is stoking more property owners into action, spurring another batch of sites to hop on the bandwagon of collective sales attempts over the weekend.
1 day ago
Decade after bubble burst, Ireland faces new housing crisis
TEN years after Ireland's property bubble burst, the economy is recovering from the ravages of a deep recession but a housing crisis remains, due to a supply shortage and spiralling prices.
1 day ago
StanChart takes seniors shopping at Courts
Ms Parwathy is one of forty seniors from Thye Hua Kwan Bedok Radiance Senior Activity Centre (SAC) and Thye Hua Kwan SAC @ MacPherson who were treated to a Deepavali shopping trip on Saturday morning at Courts Toa Payoh. They were accompanied by volunteers from the bank and the South East Community ...
1 day ago
Egypt to renew US$2b financing deal
EGYPT plans to renew a US$2 billion financing deal with international banks while also developing alternative sources of funding such as issuing dollar-denominated eurobonds, Finance Minister Amr El-Garhy said.
1 day ago
Ivanka Trump touts launch of World Bank businesswomen's fund
IVANKA Trump, US President Donald Trump's daughter and a White House senior adviser, has touted the creation of a new World Bank initiative to foster entrepreneurship among women.
1 day ago
Now is the time for fiscal and structural reforms, says IMF
MEMBERS of the International Monetary Fund (IMF) gave lukewarm endorsement to a strengthening global economy, but conceded they were not out of the woods as they grappled with subdued inflation, low potential growth and an uneven recovery that clouded the outlook.