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

US small business bailout starts Friday. Is the government ready?

Claudia Tan - Chris Hurn, founder of Fountainhead Commercial Capital, has received 7,400 small business loan requests in the past two weeks, more than his business has handled in its five years of existence.

1 day ago

Ford to build face shields at Brazil and Argentina car plants

Claudia Tan - Ford Motor Co said on Thursday it will make 50,000 face shields at factories in Brazil and Argentina to donate in the fight against the coronavirus pandemic.

1 day ago

Facebook launches fact-checking service on WhatsApp in Italy to fight coronavirus hoaxes

Claudia Tan - Facebook Inc. launched a service in Italy to check the accuracy of information on coronavirus circulating on its messaging platform WhatsApp, the U.S. tech firm said on Thursday.

1 day ago

Trump says oil-cut deal with Saudi, Russia to halt price rout

U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid the global coronavirus pandemic, though details of how the cut would work were unclear.

1 day ago

GE to suspend 50per cent of US engine assembly, component manufacturing ops staff

Claudia Tan - General Electric Co said of Thursday it would temporarily lay off about half of its workers in U.S. engine assembly and component manufacturing operations.

1 day ago

Fed's Kashkari says keeping workers in jobs is key to quick rebound

Claudia Tan - Keeping workers in their jobs is key to getting the economy out of what is "almost certainly" already a recession as authorities mandate businesses shut and people stay at home to slow the spread of the coronavirus, Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday.

1 day ago

Walmart puts partial sale of UK's Asda on hold due to coronavirus crisis: source

Claudia Tan - Walmart , the world's largest retailer, has put the possible sale of a majority stake in its British supermarket arm Asda on hold until the coronavirus crisis is over, said a person familiar with the situation.

1 day ago

British Airways temporarily lays off 28,000 staff

Claudia Tan - LONDON: Flagship airline British Airways will temporarily lay off 28,000 employees, or 60 per cent of its workforce, due to the coronavirus crisis which is paralysing the sector, trade union Unite announced on Thursday (Apr 2). Unite, which represents thousands of workers employed by BA, said it .. ...

1 day ago

COVID-related assistance emerges for SEA’s hard-hit startup ecosystem

Leslie Shaffer - VCs, startups and industry associations have banded together to offer funds and assistance. The post COVID-related assistance emerges for SEA’s hard-hit startup ecosystem appeared first on DealStreetAsia.

1 day ago

US borrowers struggle to get coronavirus relief from big banks

Claudia Tan - U.S. borrowers seeking a reprieve from mortgage, auto or credit card payments because of coronavirus hardships are not getting the help they expected from big banks that promised assistance in recent weeks.

1 day ago

Wall Street gains as oil surge eclipses massive jobless numbers

Claudia Tan - Wall Street bounced on Thursday as hopes of a truce between Saudi Arabia and Russia to cut oil output drove a record 22per cent surge in prices, outweighing the shock of over 6 million Americans filing for jobless claims due to virus-led lockdowns.

1 day ago

Google to allow some advertisers to run coronavirus-related ads

Claudia Tan - Alphabet Inc's Google will begin to allow some advertisers to run ads relating to the coronavirus on its platforms, in a change to its rules on ads around "sensitive events," according to a copy of a memo to advertising clients seen by Reuters.

1 day ago

Oil prices rocket as Trump signals end to price war

LONDON: Oil prices rocketed on Thursday (Apr 2) after US President Donald Trump said Russia and Saudi Arabia planned to end their price war by slashing output. But gains for Brent North Sea crude of nearly 46 per cent cooled to around 20 per cent as Russia denied it had spoken with Saudi Arabia ...

1 day ago

Uber to start shipping car disinfectants to drivers

Claudia Tan - Uber Technologies Inc will begin shipping disinfecting car spray to selected drivers in areas most affected by the coronavirus outbreak, an executive said on Thursday.

1 day ago

Man arrested after lingerie goes missing from Tampines home, thousands of undergarments seized

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1 day ago

Output at Nissan's UK car plant suspended throughout April over coronavirus

Production at Nissan's British factory, the country's biggest car plant, is suspended throughout April, continuing a shutdown in place since mid-March as the coronavirus outbreak continues across Europe.

1 day ago

Facebook launches desktop version for Messenger as video calls surge

Claudia Tan - Facebook Inc on Thursday rolled out the desktop version of its Messenger app for Apple's Mac and Microsoft's Windows to make video chats available on computer screens for Facebook users.

1 day ago

100 Keppel Shipyard personnel on leave of absence, parts of Tuas yard shut as new Covid-19 cluster emerges

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1 day ago

My First Skool at Rivervale Crescent to close temporarily after teaching staff tests positive for Covid-19

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1 day ago

Global air passenger demand sees steepest decline since 911: IATA

Claudia Tan - GENEVA: The coronavirus pandemic sent global air passenger demand plunging 14 per cent in February, marking the steepest decline in traffic since the September 11 attacks in 2001, the global aviation association said Thursday (Apr 2). Fresh data from the International Air Transport Association ...

1 day ago

New Enterprise Singapore initiative to help SMEs break into e-commerce market

SINGAPORE: Small and medium enterprises (SMEs), who have little or no e-commerce experience, can start selling online through support from a new Enterprise Singapore initiative. The E-Commerce Booster Package provides both cost and manpower support, Enterprise Singapore said in a news release on .. ...

1 day ago

Google to allow some advertisers to run coronavirus-related ads - Axios

Claudia Tan - Alphabet Inc's Google will begin to allow some advertisers to run ads across its platforms that address the coronavirus, news website Axios reported on Thursday, citing an internal memo.

1 day ago

Netflix leads on downloads, but YouTube Kids grabs more hours

Claudia Tan - Netflix Inc led rivals YouTube, Amazon Prime and Disney+ with over 59 million installs in the first quarter of 2020, but more time was spent on YouTube's Kids service as usage boomed following the shutdown of thousands of schools in March.

1 day ago

Virus forces Luxottica to break Italian August holiday tradition

Claudia Tan - Eyewear maker Luxottica said it would cut to just one week its customary August closure, a move which other firms may seek to replicate to relaunch production after the forced shutdown in the current coronavirus crisis.

1 day ago

At least 10 Covid-19 patients in Singapore found to have contracted virus from people with no symptoms: Study

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1 day ago

Covid-19: Growing SingPost cluster caused by contractor who went to work while on MC

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1 day ago

Saudi Arabia and Russia signal readiness to cooperate on oil

Claudia Tan - Saudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to discuss the slump in prices triggered by the end of a deal to curb output and a collapse in demand.

1 day ago

SMRT bus captain tests positive for Covid-19. Health of commuters and staff ‘top priority’, says company

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1 day ago

Fiat Chrysler to start three Italian sites immediately after lockdown ends: Union

Claudia Tan - Fiat Chrysler aims to restart operations at three Italian sites as soon as the government lifts coronavirus restrictions on manufacturing, a union representative said on Thursday, adding unions would monitor health precautions.

1 day ago

US factory orders unchanged in February

Claudia Tan - New orders for US-made goods were unexpectedly flat in February, and could remain weak as a global coronavirus outbreak strains supply chains and undercuts the manufacturing sector.

2 days ago

Planemakers brace for sharp cuts in wide-body output: sources

Claudia Tan - Planemakers are looking at drastic cuts in wide-body production amid a slump in demand for the industry's largest jetliners, manufacturing and supplier sources said on Thursday.

2 days ago

JPMorgan CEO Jamie Dimon back at work after heart surgery

Claudia Tan - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon has returned to lead the largest U.S bank, after recovering from recent heart surgery, according to an internal memo seen by Reuters.

2 days ago

Tee International to hold EGM through live webcast

Olivia Poh - MAINBOARD-LISTED Tee International said it will hold its extraordinary general meeting (EGM) on April 9  through a live webcast, due to restrictions placed by regulators to limit crowd sizes and hence the spread of the Covid-19 virus.

2 days ago

Covid-19: 49 more cases in Singapore, Mustafa Centre among 3 new clusters

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2 days ago

JPMorgan CEO Jamie Dimon returns to work after heart surgery

Olivia Poh - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon has returned to lead the largest U.S bank, after recovering from recent heart surgery, according to an internal memo seen by Reuters.

2 days ago

Wall Street falls at open as jobless claims top 6 million

Olivia Poh - U.S. stocks index futures gave up early gains on Thursday after the number of Americans filing claims for unemployment benefits topped a whopping 6 million as more jurisdictions enforced stay-at-home measures to curb the coronavirus.