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

When the chips are down: global shortage to keep crimping carmakers

Michelle Quah - BMW and Stellantis became the latest major carmakers to warn on Tuesday that the global semiconductor chip shortage that has bedeviled the industry this year will drag on throughout 2021 and beyond, hitting production and sales.

2 days ago

Bonds take a breather, Tencent tumbles

The government bond market rally that had sent U.S. Treasury yields under 1.2per cent and the entire German curve negative fizzled out on Tuesday, though there were more problems in China as internet giant Tencent took another battering.

2 days ago

Thai stock investor mood at nine-month low amid COVID-19 surge

Michelle Quah - Investor confidence in Thai financial markets for the next three months dropped to a nine-month low, dented by a prolonged COVID-19 outbreak, a capital market group said on Tuesday, as the country struggles with a surge in coronavirus cases.

2 days ago

Buying activity ticks up at some condo projects ahead of repricing

Fiona Lam - MARKET watchers have reported an increase in new sales at some private residential projects over the past fortnight, before developers implemented their planned price hikes.

2 days ago

Tencent vows fresh video game curbs after media attack knocks shares

Raphael Lim - SHANGHAI: China's Tencent Holdings said on Tuesday (Aug 3) it would curb minors' access to its flagship video game, hours after its shares were battered by a state media article that described online games as "spiritual opium". Economic Information Daily cited Tencent's Honor Of Kings in an ...

2 days ago

Too hot to work: How India is tackling the growing threat of climate change

Michelle Quah - India's New Delhi saw its hottest July day in 90 years last month, with the temperature hitting 43.6 degrees Celsius. Money Mind finds out why it might become too hot to work in South Asia – and what businesses are doing to beat the heat.

2 days ago

Japan Airlines narrows Q1 operating loss to US$757 million as costs fall

Michelle Quah -

2 days ago

Jumpy investors brace for next shoe to drop in China regulatory crackdown

Michelle Quah - China's technology and chip sectors came under fresh selling pressure on Tuesday after state media attacked the country's largest social media and video game firm, Tencent Holdings Ltd, and regulators said they are launching an investigation into chip distributors in the auto industry.

2 days ago

BP boosts payouts after profit jump, transition on track

Michelle Quah -

2 days ago

Thai export group says factory outbreaks may cut August to December exports by US$9b

Michelle Quah -

2 days ago

StanChart restores payouts but income drop signals challenges ahead

HONG KONG: Standard Chartered reported a higher than expected 57 per cent jump in first-half profit and US$350 million worth of shareholder payouts, but a fall in revenue showed the longer-term struggle ahead for the bank. StanChart announced a US$250 million share buyback and resumption of ...

2 days ago

Firm controlled by JD.com founder cleared to set up Chinese cargo airline

Michelle Quah - A company controlled by the founder of China's e-commerce giant JD.com Inc has been granted approval to set up a new cargo airline based in the eastern province of Jiangsu, China's aviation regulator said on Tuesday.

2 days ago

Analysts mixed on CDL Hospitality Trusts as 1H21 results weaker than expected

Felicia Tan - Analysts from CGS-CIMB Research and DBS Group Research has maintained “add” or “buy” on CDL Hospitality Trusts (CDLHT) while Maybank Kim Eng's analyst has kept “hold” on the REIT following the release of its results for the 1HFY2021. On July 30, CDLHT reported a 19.2% y-o-y decline in it ...

2 days ago

Man back in jail for assaulting wife, this time in front of young son, and abusing police

gordon.feeney -

2 days ago

CGS-CIMB maintains 'add' on FEHT despite weaker 1H21 showing

Lim Hui Jie - CGS-CIMB Research’s Eing Kar Mei and Lock Mun Yee has maintained their “add” rating and target price of 74.5 cents on Far East Hospitality Trust (FEHT) despite its weaker showing in 1HFY2021 In a July 31 report, Eing and Lock highlighted that FEHT reported lower revenue and net property income ...

2 days ago

Table tennis: Singapore's women's team ends Tokyo Olympics campaign with quarter-final defeat to China

tessa.oh -

2 days ago

India's female labour participation rate falls to 16.1% as pandemic hits jobs

Michelle Quah -

2 days ago

TPG-backed Indian e-commerce beauty start-up Nykaa files for IPO

Raphael Lim - BENGALURU: Private equity firm TPG-backed Indian e-commerce beauty company Nykaa has filed for an initial public offering (IPO), becoming the latest homegrown start-up to pursue a listing on the domestic bourses. Nykaa's filing comes after food-delivery firm Zomato's stellar debut last month ...

2 days ago

China regulator to investigate auto chip distributors on suspicion of price gouging -statement

SHANGHAI: China's State Administration For Market Regulation is launching an investigation into chip distributors in the auto industry, citing suspicions of price gouging, according to an official statement published on Tuesday. (Reporting by Josh Horwitz; Editing by Tom Hogue)

2 days ago

South Korea cbank's Koh said interest rates should be raised to curb debt growth

Michelle Quah - A Bank of Korea board member said benchmark interest rates need to be raised as addressing financial imbalances is a priority over supporting economic growth, minutes of a July 15 board meeting showed on Tuesday.

2 days ago

Tencent tumbles after Chinese media calls online gaming 'spiritual opium'

Shares of online gaming companies, including Tencent Holdings and Netease Inc, tumbled on Tuesday after Chinese state media called the business "spiritual opium".

2 days ago

Australia's Qantas to furlough 2,500 employees

Jude Chan - Australian airline Qantas announced Tuesday it will furlough 2,500 workers as coronavirus outbreaks and regional lockdowns pummel demand for flights.

2 days ago

Brokers' take: DBS cuts target for China Aviation Oil after profits fall short

Yong Jun Yuan - AN unfavourable trading environment for crude oil and oil products is hurting margins at China Aviation Oil (CAO), and DBS Group Research now expects the jet fuel trader and supplier to take a longer time to recover to its pre-pandemic profitability levels.

2 days ago

Samudera Shipping Line has 'some pricing power'; will be riding the wave of higher freight rates: SAC Capital

Felicia Tan - SAC Capital analyst Tracy Lim sees Samudera Shipping Line (SSL) as currently having “some pricing power”. The company will also be riding the wave of higher freight rates, which boosted its revenue for the 1HFY2021 ended June by 19.6% y-o-y to $209.1 million. During the half-year period, SSL als ...

2 days ago

BMW raises 2021 profit forecast, but chip shortage to hit second half

Michelle Quah -

2 days ago

Analysts cut target prices for Japfa, UOB Kay Hian downgrades to 'hold' on uncertain outlook

Atiqah Mokhtar - Analysts have cut target prices for Japfa following the release of its 1HFY2021 ended June results on July 29. UOB Kay Hian analyst John Cheong has also downgraded his call to “hold” in an August 2 research note, while CGS-CIMB Research analyst Tay Wee Kuang has maintained his “add” call. Se ...

2 days ago

Tencent says will further curb minors' time on 'Honor of Kings' game

Michelle Quah - Tencent Holdings on Tuesday said it would introduce new measures to reduce minors' access to and time spent on its "Honor of Kings" game, a move it plans to eventually roll out to its full games line-up.

2 days ago

Asian stocks slip as Delta spread spooks investors

Asian stocks slipped on Tuesday, as the Delta coronavirus variant spread in key markets in the region and put Chinese authorities on high alert, rattling investor confidence.

2 days ago

Analysis-Debt-hobbled Sri Lanka risks running out of options

Sri Lanka paid a US$1 billion bond last week, but the alarming state of its finances suggests it may have been just another step towards its first sovereign default.

2 days ago

Tenants at Jurong Fishery Port see fewer customers as port reopens after two-week closure

tessa.oh -

2 days ago

Infineon says chip supply situation "extremely tight"

Tan Nai Lun - German chipmaker Infineon Technologies said on Tuesday it was battling extreme tightness in its markets as the latest wave of the COVID-19 pandemic disrupts production in Asia and inventories hit all-time lows.

2 days ago

Infineon says chip supply situation 'extremely tight'

Michelle Quah -

2 days ago

Huawei to give regional start-up ecosystem US$100 mil boost over next three years

The Edge Singapore - Huawei plans to invest US$100 million to support the regional start-up ecosystem over the next three years. The company, which is already supporting start-ups via its hubs in Singapore, Hong Kong, Malaysia and Thailand, aims to expand its reach to Indonesia, the Philippines, Sri Lanka and Vietnam as ...

2 days ago

RHB upgrades Ascendas REIT to 'buy' rating, CGS-CIMB maintains 'add' as it announces higher DPU

Lim Hui Jie - RHB Group Research’s Vijay Natarajan has upgraded his rating on Ascendas REIT (A-REIT) to “buy” from “neutral”. He has also raised his target price from $3.20 to $3.50. In an Aug 3 report, Natarajan says A-REIT’s operating metrics turned bullish “with occupancy improvements, strong pos ...

2 days ago

131 youths under 18 years old arrested for possessing offensive weapons in last three years: Desmond Tan

tessa.oh -

2 days ago

Man jailed for repeatedly breaking into ex-girlfriend’s home to steal jewellery, cash to pay off debts

kenneth.cjw -