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
Malaysia issues draft regulations for crypto currency businesses
[KUALA LUMPUR] Malaysia's central bank on Thursday said it had issued draft regulations for digital currency businesses, but said that such currencies were still not legal tender in the country.
2 days ago
In ECB's 2020 vision, inflation goal elusive
FRANKFURT AN MAIN: European Central Bank upgraded its growth and inflation forecasts for the coming years on Thursday (Dec 14) but stood by its massive support to the economy, with President Mario Draghi saying it won't reach its cherished price growth target by 2020. "Even though the situation on . ...
2 days ago
Euro zone businesses to start 2018 on near seven-year high
[LONDON] Businesses across the euro zone are ending 2017 on a near seven-year high, with demand and price pressures picking up and forward-looking indicators pointing to a busy start to 2018.
2 days ago
Bank of England holds interest rate at 0.5%
LONDON: The Bank of England kept its key interest rate at 0.5 per cent at its final meeting of the year, it said on Thursday (Dec 14) while keeping an eye on Britain's Brexit-fuelled inflation. The BoE sat tight at the meeting on Wednesday after lifting the rate in November for the first time in a ...
2 days ago
Viva Industrial Trust says Kim Seng Holdings' right of first refusal has ceased
Lee Meixian - THE managers of Viva Industrial Trust (VIT) on Thursday said that Kim Seng Holdings (KSH) has ceased to be a shareholder of the managers and as a result, KSH's right of first refusal has ceased.
2 days ago
Holiday shopping, gasoline send US retail higher in November
WASHINGTON: The US holiday shopping season got off to a robust start in November, sending the US retail sector surging along with higher gasoline sales, according to government data released on Thursday (Dec 14). Online retailers like Amazon, as well as department stores, clothing retailers ...
2 days ago
Oxley Holdings awarded Vista Park collective sale at S$418m
THE collective sale of Vista Park in South Buona Vista Road has been awarded to Oxley Holdings at S$418 million, which works out to about S$1,096 per square foot per plot ratio (psf ppr), inclusive of an estimated S$72 million payable to the state to top up the site's lease to 99 years.
2 days ago
Singapore Airlines' new A380 arrives at Changi Airport
SINGAPORE: Flag carrier Singapore Airlines (SIA) picked up the first of its five new A380s on Thursday (Dec 14).  The new planes have had the number of seats in Suites class cut by half, while the number of Business class seats have increased by 30 per cent. More seats have also been fitted in th ...
2 days ago
US: Wall Street opens higher as bank stocks gain
[NEW YORK] Wall Street opened higher on Thursday, aided by gains in bank stocks and on news that the Republicans' tax overhaul plan was headed for final votes in Congress before the year-end.
2 days ago
MAS requests access to documents from KTL Global over ongoing investigation
Lee Meixian - OIL and natural gas company KTL Global on Thursday said that it has received a notice from the Monetary Authority of Singapore (MAS) which states that an investigation is being conducted into an offence under the Securities and Futures Act.
2 days ago
US retail sales increase strongly in November
[WASHINGTON] US retail sales increased more than expected in November as the holiday shopping season got off to a brisk start, pointing to sustained strength in the economy.
2 days ago
Nobody can ignore $450b in public blockchains: Cedric Jeanson, BitSpread
Shiwen Yap - Cedric Jeanson, of BitSpread, discusses the cryptocurrencies, ICOs and their impact on financial markets. The post Nobody can ignore $450b in public blockchains: Cedric Jeanson, BitSpread appeared first on DealStreetAsia.
2 days ago
ECB keeps policy, guidance unchanged
[FRANKFURT] The European Central Bank reaffirmed its ultra-easy policy stance on Thursday, promising to keep rates steady until after the end of bond buys and maintaining a pledge to increase the purchases, if necessary.
2 days ago
BOE holds interest rate, sticks to outlook for modest tightening
[LONDON] Bank of England policy makers left interest rates unchanged on Thursday, moving into a holding pattern after November saw their first hike in a decade.
2 days ago
Some DBS and POSB services disrupted by 'connectivity issue'
SINGAPORE: Some DBS and POSB customers were unable to access several banking services for a short period on Thursday (Dec 14), in what the bank said was caused by an "intermittent network connectivity issue". From about 4.30pm, several users reported not being able to make cash transfers or ...
2 days ago
Disney to buy Fox film, TV businesses for US$52.4b in stock
[CALIFORNIA] Walt Disney Co on Thursday agreed to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for US$52.4 billion in stock.
3 days ago
Hong Kong Disneyland raises ticket prices by up to 9%
HONG KONG: From Friday (Dec 15), it will cost a little more to visit the happiest place on Earth. Just two weeks after reports of the suspension of its signature nightly fireworks display, Hong Kong Disneyland has hiked ticket prices by between 4 and 9 per cent. The South China Morning Post (SCMP) . ...
3 days ago
SGX stocks dual-listed in Europe will not be affected by Mifid II: MAS
Marissa Lee - EUROPEAN investors in Singapore-listed stocks that are dual-listed in Europe can continue to transact without being affected by the European Union's new financial markets regulations, known as MiFID II, which enter into force on Jan 3.
3 days ago
UE makes cash offer for rest of WBL
Michelle Quah - UNITED Engineers (UE) has made a pre-conditional voluntary unconditional cash offer for all the shares of WBL Corporation (WBL) it does not already own; the announcement follows Yanlord Land Group and Perennial Real Estate's acquisition of a one-third stake in UE earlier this year.
3 days ago
Frasers Centrepoint and Frasers Commercial Trust acquire Farnborough Business Park for $314.8 mil
PC Lee - SINGAPORE (Dec 14): Frasers Commercial Trust (FCOT) is expanding its investment mandate to Europe, with initial focus on the UK. FCOT and controlling unitholder Frasers Centrepoint Limited (FCL) are jointly acquiring Farnborough Business Park (FBP) for GBP174.6 million ($314.8 million). FBP is a 46 ...
3 days ago
Goodland Group unit buys stake in buyer of Parkway Mansion
Michelle Quah - PROPERTY developer Goodland Group has, through a wholly owned subsidiary, subscribed for a stake in real estate consortium SL Capital (3) Pte Ltd (SLC3).
3 days ago
Oxley buys Chevron House for $660m
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No It intends to alter and renovate the prime office building. Oxley Holdings Limited (Oxley) purchased prime office building Chevron House from Deka Singapore A Pte Ltd for $660m. Chevron House is a 32-storey commercial development comprising 27 ...
3 days ago
Singapore bonds hit five-year high at $40.28b
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Local companies tapped both domestic and offshore bond markets to raise funds. Primary bond offerings from Singapore hit a five-year high and rose 18.9% YoY to $40.28b (US$29.9b) so far this year, as local companies tapped both domestic and of ...
3 days ago
Zhongmin Baihui unit sets up new company for China retail business
Michelle Quah - ZHONGMIN Baihui Retail Group's wholly-owned subsidiary, Zhongmin Baihui (Fujian) Logistics Co, Ltd (ZMBH Fujian), has inked a deal with Chongqing Sasseur Outlets Commercial Management Co, Ltd (CQ Sasseur), to form a new company to take over ZMBH Fujian's stake in an earlier joint venture. ...
3 days ago
Shareholders give nod to Marco Polo's debt restructuring
Tan Hwee Hwee - MARCO Polo Marine won a majority vote at an extraordinary general meeting on Thursday in favour of issuing new securities that are key to the offshore and marine (O&M) company's restructuring plan.
3 days ago
Malaysia: shares close higher on Thursday
MALAYSIAN stocks closed higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 21.34 points to 1,759.00.
3 days ago
Singapore equities end lower on China central bank's surprise rate hike
Claire Huang - A SURPRISE move by China's central bank to raise borrowing costs pushed regional markets into red territory, after the US Federal Reserve's rate hike.
3 days ago
Singapore wins race to house new renewable diesel plant of energy giant Neste
Jacqueline Woo - ENERGY giant Neste has decided to build its next large-scale renewable diesel plant in Singapore.
3 days ago
Japan plans carrot-and-stick tax changes to drive wage gains
[TOKYO] Japan will adopt a carrot-and-stick approach to boost pay for workers by providing tax benefits to companies that increase spending on wages and investment while clamping down on benefits for firms that don't.
3 days ago
Real estate sector dominates Singapore's equity market
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No Real estate firms raised $4.71b YTD. The equity capital markets (ECM) issuance from Singapore’s real estate sector accounted for the majority of the nation’s ECM activity in terms of proceeds with 50.2% market share and raised $4.7 ...
3 days ago
SIA's new Airbus A380 touches down in Singapore
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No It will be fitted with 471 seats and SIA's new products. Singapore Airlines’ (SIA) first Airbus A380 aircraft out of five arrived in Singapore from the Airbus Delivery Centre in Toulouse. According to a press release, SIA's new A ...
3 days ago
Singapore to launch 17,000 new BTO flats in 2018
Staff Reporter - Submitted By:  Danielle Isaac Case Study:  No 1,000 flats in Sembawang, Sengkang, and Yishun will be launched in H2. The Housing and Development Board (HDB) will launch 17,000 new build-to-order (BTO) flats next year, slightly lower than the supply of 17,584 in 2017, Minister for National ...
3 days ago
Europe: Banks drag shares down as investors eye BoE, ECB meetings
[LONDON] Weakness in bank stocks dragged European shares to a downbeat open on Thursday as financial sectors caught the cold from US and Asian trading which suffered from a less hawkish than expected tone from the US Federal Reserve.
3 days ago
Filtration solutions group Mann Hummel opens Asia-Pacific headquarters in Singapore
SINGAPORE: German manufacturing company and filtration specialist Mann Hummel on Thursday (Dec 14) opened its Asia-Pacific headquarters for Intelligent Air Solutions (IAS) in Singapore. Located at Fusionopolis, it will look after the growth of the company’s OurAir business, which offers indoor ai ...
3 days ago
Hong Kong: Stocks finish in the red
[HONG KONG] Hong Kong stocks ended lower on Thursday following the previous day's healthy gains, with investors brushing off a record close on Wall Street and an upbeat assessment of the US economy by the Federal Reserve.
3 days ago
Debt- laden HNA met with Chinese banks for financing talks
[HONG KONG] Debt-laden Chinese conglomerate HNA Group met with Chinese lenders for talks on financing next year, after borrowing costs surged in recent weeks and prompted some units to scrap bond offerings.