1 day ago
EU to curb steel imports in response to Trump tariffs
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
ECB bond-buying creates zombie companies, possible successor to Dimon warns
1 day ago
Morgan Stanley boss Gorman hits out at Fed stress tests
Michelle Quah - Morgan Stanley reported a 43 percent rise in quarterly profit on Wednesday, helped by increase in revenue from its trading and investment banking businesses.
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British M&A regulator to review level of possible Disney offer for Sky
Michelle Quah - LONDON: Britain's takeover regulator said on Wednesday that it would review its ruling that Walt Disney might have to acquire UK broadcaster Sky for at least 14 pounds a share. The Takeover Panel said its hearings committee would meet on July 27 to examine the regulator's decision last week ...
1 day ago
Fed's Powell quizzed again on trade risks by US House
Michelle Quah - Federal Reserve Chairman Jerome Powell, questioned by members of a House congressional committee, repeated on Wednesday that rising world protectionism would over time pose a risk to a U.S. and global expansion that appears largely on track to continue.
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Sinclair reverses course on Tribune deal, hoping to win FCC nod
Sinclair Broadcast Group Inc said Wednesday it will abandon bids to divest three stations in an effort to win approval for its US$3.9 billion acquisition of Tribune Media Co after the Federal Communications Commission chairman said he had "serious concerns about the deal."
1 day ago
Manufacturing Integration Technology to sell semiconductor business for S$84.5m
Yunita Ong - MANUFACTURING Integration Technology is looking to dispose its semiconductor business for an estimated price of S$84.5 million and focus its energies on contract equipment manufacturing and customised automation as its core business.
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Keppel T&T posts 2Q earnings jump 137.8% to $26.0 mil on one-off gains
Samantha Chiew - SINGAPORE (July 18): Keppel Telecommunications & Transportation (Keppel T&T) announced 2Q18 earnings More than doubled to $26.0 million, compared to $10.9 million in 2Q17 on higher other income. This brings 1H18 earnings to $35.4 million, 59.5% higher than $22.2 million in 1H17. However, rev ...
1 day ago
United Overseas Insurance reports 15.5% lower 2Q earnings of $6.9 mil; declares 8.5 cents interim dividend
Michelle Zhu - SINGAPORE (July 18): United Overseas Insurance (UOI) reported earnings of $6.9 million for the quarter ended May, down 15.5% from 2Q17 earnings of $8.2 million a year ago due to lower profit from both underwriting and non-underwriting income. This brings the company’s earnings for 1H18 to $11.4 mi ...
1 day ago
Singapore logistics firms urged to automate, adopt new technology
Michelle Quah - SINGAPORE: For Singapore to become a key player in the global supply chain, logistics firms here need to adopt new technologies and improve productivity, said Trade and Industry Minister Chan Chun Sing on Wednesday (Jul 18). “Today, a typical item that enters Singapore, either from the port, the ...
1 day ago
Easy-to-use plan to help security firms adopt technology for routine, manpower-heavy tasks
Michelle Quah - SINGAPORE: Local security agency firms can tap on a new plan that outlines clear roadmaps to help them adopt digital technology in their work, Minister for Manpower and Second Minister for Home Affairs Josephine Teo announced at its launch on Wednesday (Jul 18). The Security Industry Digital Pla ...
1 day ago
Wall Street at five-month highs, Amazon hits US$900 billion market cap
U.S. stock index futures hovered at five-month highs on Wednesday ahead of a slew of earnings, with a strong quarterly report from Morgan Stanley helping reaffirm a bullish outlook for the earnings season.
1 day ago
Sinclair amends Tribune TV deal, hoping to win FCC approval
Sinclair Broadcast Group Inc said Wednesday it will abandon bids to divest three stations in an effort to win approval for its US$3.9 billion acquisition of Tribune Media Co after the Federal Communications Commission chairman said he had "serious concerns about the deal."
1 day ago
Oil prices fall on US stock rise, higher supply
1 day ago
TODAY editor wins inaugural Sports Journalist of the Year award
asyrafkamil - 45 min 54 sec agoSINGAPORE — TODAY editor Low Lin Fhoong clinched the inaugural Sports Journalist of t
1 day ago
Traffic Police to use BMWs for expressway patrol by early next year
maelynn - Justin Ong Guang-xi1 hour 10 min agoSINGAPORE – After photos of a BMW 3 Series patrol car with Singapore Police Force (SP
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Buffett's Berkshire gains as company lifts cap on stock buybacks
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Public servants should have questioning minds to find best solutions to problems: PSC chairman
youjin.low - Siau Ming En56 min 54 sec agoSINGAPORE — Outgoing Public Service Commission (PSC) chairman Eddie Teo has urged pub
1 day ago
South America soy growers may get 2-year window for China sales
1 day ago
US: Stocks flat on solid earnings, weak housing data
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Exclusive: Saudi Aramco mulls stake in world's number 4 chemical firm: sources
Saudi Aramco has invited banks to pitch for an advisory role on the potential acquisition of a strategic stake in Saudi Basic Industries Corp (SABIC) , two sources with direct knowledge of the matter told Reuters.
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WhatsApp seeks to stem fake news ahead of Pakistan election
1 day ago
Amazon sells more than 100 million products on Prime Day event
Michelle Quah - Amazon.com Inc said online shoppers purchased more than 100 million products worldwide during its Prime Day sale, despite glitches on its mobile app and websites that prevented customers from placing orders.
1 day ago
Greece prepares to fly solo on bond markets
Michelle Quah - Once the outcast of European bond markets, Greece appears firmly on the road to redemption.
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US housing starts drop by most since 2016 to nine-month low
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Continental AG prepares to list powertrain unit mid-2019
1 day ago
Future HDB estates to be ‘nature-centric’
maelynn - Chen Lin33 min 47 sec agoSINGAPORE — Residents of new Housing and Development Board (HDB) flats – starting wit
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Celebrating good governance at the Singapore Corporate Awards
Rachel Mui - LEADING lights of the local corporate governance scene were honoured at the 13th annual Singapore Corporate Awards (SCA) on Wednesday, in a black-tie event dubbed the "Oscars" of the Singapore business world.
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Yuan hits one-year low, testing China's tolerance for weakness
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Sinclair drops divestitures in bid to win Tribune merger approval
Sinclair Broadcast Group Inc said Wednesday it will abandon bids to divest three stations in an effort to win approval for its US$3.9 billion acquisition of Tribune Media Co after the Federal Communications Commission chairman said he had "serious concerns about the deal."
1 day ago
Airbus says activating Brexit contingency plans as UK strategy 'unraveling'
Michelle Quah - FARNBOROUGH, England: Airbus is activating its Brexit contingency plans as the British government's strategy for leaving the European Union appears to be "unraveling," the head of Europe's biggest planemaker said on Wednesday. Britain is due to leave the EU in less than nine months, but there is ...
1 day ago
Stock futures flat as oil prices weigh, earnings in focus
U.S. stock index futures hovered at five-month highs on Wednesday ahead of a slew of earnings, with a strong quarterly report from Morgan Stanley helping reaffirm a bullish outlook for the earnings season.
1 day ago
Exclusive: Canada housing agency pushes for better income checks to catch fraud
Michelle Quah - Canada's housing agency has asked the country's tax authority to take a "more direct and formal role" verifying income claimed on mortgage applications, part of a two-year plan to tackle mortgage fraud, documents obtained by Reuters show.
1 day ago
United Overseas Insurance Q2 net profit falls 16% to S$6.9m
Yunita Ong - UNITED Overseas Insurance (UOI)'s second-quarter net profit fell 15.5 per cent to S$6.9 million from the previous year, the group said in a Singapore Exchange filing on Wednesday evening.
1 day ago
Aston Martin unveils 'sports car for the skies' at airshow
Michelle Quah - James Bond would love it. Aston Martin, maker of the luxury sports cars favored by the fictional British spy, has now come up with a futuristic personal aircraft it has dubbed "a sports car for the skies".
1 day ago
Germany forces 1,050 Tesla owners to forgo electric car bonus
Michelle Quah - Germany's Federal Office for Economic Affairs and Export Control said 1,050 owners of a Tesla Model S will be forced to forgo a 2,000 euro electric car subsidy because the value of their vehicles had surpassed an eligibility threshold.