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

GM, UAW restart talks as workers take to picket lines

Negotiators for General Motors Co and the United Auto Workers are scheduled to restart bargaining Monday to resolve a strike that shut down the automaker's highly profitable U.S. operations.

2 days ago

TEE International's controlling shareholder to sell 23% stake in group

Claudia Chong - TEE International's controlling shareholder Phua Chian Kin has entered into a binding term sheet to sell 150 million shares in the company, representing a 23 per cent stake, for a total of S$9 million in cash or S$0.06 per share.

2 days ago

US, Chinese trade deputies seen meeting Friday: US Chamber CEO

Navin Sregantan - U.S. and Chinese deputy trade negotiators are expected to meet on Friday, with senior negotiators likely to meet about a week and a half later, U.S. Chamber of Commerce CEO Tom Donohue said on Monday, citing a conversation with U.S. Trade Representative Robert Lighthizer.

2 days ago

Indonesia finance minister defends plan to raise cigarette prices

Indonesia's finance minister defended on Monday a plan to raise cigarette prices by more than a third from next year to reduce smoking rates, after some in the tobacco industry said it would encourage illegal manufacturing and threaten jobs.

2 days ago

Fintech company Plaid discloses investments from Visa, Mastercard

Fiona Lam - REUTERS: Financial technology company Plaid Inc said on Monday that Visa Inc and Mastercard Inc were strategic investors in a US$250 million round of Series C financing raised in December. The fintech startup, whose technology lets people connect their bank accounts to mobile apps like Venmo, did .. ...

2 days ago

Exclusive: Lockheed names F-35 chief to run aeronautics as Evans undergoes medical treatment

Fiona Lam - Greg Ulmer, head of Lockheed Martin Corp's F-35 fighter program, will temporarily lead the company's aeronautics division while its current chief, Michele Evans, undergoes medical treatment, the company told employees on Monday.

2 days ago

Transit app Zipster to launch monthly subscription plans for public transport, ride-hailing in 2020

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2 days ago

Mapletree Investments, MIT to acquire North America data centre portfolio

Claudia Chong - MAPLETREE Investments and Mapletree Industrial Trust (MIT) are set to acquire a North America data centre portfolio worth US$1.37 billion from data centre provider Digital Realty.

2 days ago

Mapletree Industrial Trust and Mapletree Investments to acquire US$1.4 bil data centre portfolio in North America

Uma Devi - SINGAPORE (Sept 16): Mapletree Industrial Trust (MIT) and Mapletree Investments have formed a joint venture to acquire a US$1.4 billion ($1.9 billion) data centre portfolio in North America. MIT’s manager says that the acquisition is expected to be financed by a combination of equity and debt fin ...

2 days ago

Revez to enhance Superfunds Venture's InsurTech platform

PC Lee - SINGAPORE (Sept 16): Revez Corporation’s subsidiary, IOIO Lab, has signed an agreement with Superfunds Venture (SFV) to enhance the latter’s InsurTech platform. SFV’s InsurTech platform, InstaProtection, insures smartphone users in Malaysia against cracked screens. See: Multimedia ICT solutio ...

2 days ago

Saudi officials considering delaying IPO after drone attack: WSJ

Saudi Arabia officials are discussing delaying Aramco's initial public offering as attacks on the company's oil facilities have drastically reduced their output, the Wall Street Journal reported on Monday, citing people familiar with the matter.

2 days ago

Coroner raps surgeon for not properly handing over post-operative care of elderly woman, who later died

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2 days ago

Couple to be charged with murder after their toddler’s remains were found in flat

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2 days ago

EU seeks plane subsidy deal, but US not talking: bloc's trade chief

Ng Ren Jye - The European Union is urging the United States to hold off trade sanctions and seek an agreement on aircraft industry subsidies, but Washington has shown no sign it wants to talk, EU trade chief Cecilia Malmstrom said on Monday.

2 days ago

August private home sales up 81.9% from year earlier

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2 days ago

Warm and dry weather to continue for the rest of September; haze situation likely to persist

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2 days ago

All SIA group airlines see improved passenger load factors; cargo load factor falls on lower traffic

Uma Devi - SINGAPORE (Sept 16): Singapore Airlines Group (SIA) reported a 1.2 percentage point increase in passenger load factor (PLF) due primarily to improved PLF figures across all of its airlines.  In an SGX filing of its August operating results on Monday, the group noted that overall airlines’ passen ...

2 days ago

‘I will definitely bring my own bag’: NTUC FairPrice plastic bag charging trial gets under way at 7 outlets

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2 days ago

Apple takes fight against 13-billion-euro EU tax order to court

Apple will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros (US$14.4 billion) in Irish back taxes in a landmark case in the EU's crackdown on tax avoidance by multinational companies.

2 days ago

Futures down after Saudi attacks spark rush for safety

Ng Ren Jye - U.S. stock index futures slipped on Monday after the weekend attack on Saudi Arabian oil facilities knocked out 5per cent of the world's supply, sparking concerns over global economic growth and heightening tensions in the Middle East.

2 days ago

Lendlease’s REIT seeks to raise up to $539m in Singapore IPO

Julia Fioretti - Lendlease’s IPO would be Singapore’s third-largest, after Prime U.S. REIT’s $612 million listing and Eagle Hospitality Trust’s $566 million offering. The post Lendlease’s REIT seeks to raise up to $539m in Singapore IPO appeared first on DealStreetAsia.

2 days ago

HSBC hires banking veteran Philip Lee as S-E Asia vice-chairman

Jamie Lee - HSBC on Monday announced the appointment of banking veteran Philip Lee as vice-chairman, South-east Asia, for its global banking franchise.

2 days ago

Wing Tai subsidiary buys Australia data centre for A$51m

Claudia Chong - REGIONAL property and lifestyle group Wing Tai Holdings said on Monday that a trustee of its wholly-owned subsidiary WT DC Trust II has agreed to buy a freehold data centre in Australia for A$51 million (S$48.2 million).

2 days ago

South Korean beer imports from Japan plunge 97% as trade row sours relations

South Korean imports of Japanese beer slumped almost to zero last month in the face of a consumer boycott sparked by a bitter trade and historical dispute between Seoul and Tokyo, data showed on Monday (Sep 16).

2 days ago

Guest post: No longer limited – How the dynamics of LP-GP relationships are evolving

Dave Richards - A growing number of LPs worldwide are now looking to play a more active role in managing their money. The post Guest post: No longer limited – How the dynamics of LP-GP relationships are evolving appeared first on DealStreetAsia.

2 days ago

Lendlease eyes Singapore REIT listing at 88 cents a unit; aims to raise $1 bil in total

Stanislaus Jude Chan - SINGAPORE (Sept 16): Australia-listed international property and infrastructure group Lendlease Global has lodged a prospectus to list Lendlease Global Commercial REIT on the Mainboard of the Singapore Exchange. The manager aims to raise a total of approximately $1 billion in gross proceeds from th ...

2 days ago

Biggest oil price surge since 1991 as 'locked and loaded' US points finger at Iran for attack

Ng Ren Jye - An attack on Saudi Arabia that shut 5per cent of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was "locked and loaded" to retaliate.

2 days ago

Oil prices surge nearly 20 per cent after attack on Saudi facilities

SINGAPORE/LONDON: Oil prices surged nearly 20 per cent at one point on Monday (Sep 16), with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom's production. Prices came off their peaks after U ...

2 days ago

2 e-scooter startups fined for providing illegal sharing services in public spaces

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2 days ago

Singapore eDevelopment collaborates with Todos Medical to market breast cancer screening tests

Samantha Chiew - SINGAPORE (Sept 16): Singapore eDevelopment announced wholly-owned subsidiary, HWH World, has entered into a binding term sheet with Todos Medical for the exclusive marketing rights over two breast cancer screening tests – TM-B1 and TM-B2. Todos Medical is an Israeli-based in-vitro diagnostics co ...

2 days ago

Singapore shares drop 0.2% on weak China data, oil supply worries

Navin Sregantan - THE Straits Times Index (STI) dropped 0.3 per cent at open, hovering in that region for most of the session before closing 7.56 points or 0.2 per cent lower at 3,203.93 on Monday.  

2 days ago

‘Great storytelling’: PUB’s viral short film on brothers separated when young wins award in Australia

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2 days ago

Second Singaporean charged with terrorism financing after giving over S$1,000 to foreign radical

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2 days ago

Hong Leong Finance seeks partner in bid for virtual bank license

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No The fax-using firm aims to revamp its platform to boost customer base. Bloomberg reports that Hong Leong Finance sees the country’s plan to issue virtual banking licenses as an opportunity to find new customers and reinvent itself as a t ...

2 days ago

Airbus, French exporters slip as US tariffs loom in subsidy row

Ng Ren Jye - Shares in Airbus and other key French exporters fell on Monday as Europe and the United States edged closer toward tit-for-tat sanctions in a long-running dispute over aircraft subsidies.

2 days ago

Local business confidence sours in Q4

Staff Reporter - Submitted By:  Staff Reporter Case Study:  No Only one of the six study indicators recorded an increase, although it remained in the negative zone. Local business confidence fell to its lowest since Q1 2018, with the business optimism index (BOI) dropping to +4.82 percentage points (ppt) ...