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

1 day ago

US DHS warns of data threat from Chinese-made drones

WASHINGTON: The U.S. Department of Homeland Security has warned U.S. firms of the risks to company data from Chinese-made drones, according to a notice reviewed by Reuters on Monday. The notice, titled "Chinese Manufactured Unmanned Aircraft Systems," warned that U.S. officials have "strong ...

1 day ago

Daimler plans to cut administration costs by 20per cent: Handelsblatt

Lynette Tan - Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources.

1 day ago

UK firms likely to scrap planned investment on a no-deal Brexit: BoE's Broadbent

Lynette Tan - LONDON: British companies are likely to cancel projects that they have put on hold because of Brexit uncertainty if the country leaves the European Union without a deal to smooth the shock, Bank of England Deputy Governor Ben Broadbent said on Monday. Business investment fell throughout 2018 as ...

1 day ago

Tesla stock and bonds tumble as investors fret about costs and safety

Lynette Tan - Tesla's stock and bonds tumbled on Monday as investors worried about the automaker's cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker's future.

1 day ago

GM says most new vehicles to get over-the-air upgrade tech by 2023

General Motors Co said on Monday most of its global models will be capable of over-the-air software upgrades by 2023, as the automaker rolls out new vehicle electrical systems designed to securely handle heavy data traffic and software downloads from the internet.

1 day ago

Teens made up most of e-cigarette maker Juul's Twitter following: study

Lynette Tan - Almost half of the people who followed Juul Labs Inc on Twitter last year were not old enough to legally purchase e-cigarettes in the United States, according to a study published on Monday.

2 days ago

Teens made up most of e-cigarette maker Juul's Twitter following - study

Lynette Tan - Almost half of the people who followed Juul Labs Inc on Twitter were not old enough to legally purchase e-cigarettes in the United States, according a study published on Monday.

2 days ago

Ford to cut 10% of white-collar jobs as part of global restructuring

Lynette Tan - DETROIT: Ford Motor Co said on Monday (May 20) it will eliminate about 10 per cent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker US$600 million annually. Ford Chief Executive Officer . ...

2 days ago

T-Mobile's US$26 billion deal for Sprint gets big boost after FCC chief gets behind it

Lynette Tan - Sprint Corp and T-Mobile US Inc on Monday will announce a series of changes to their US$26 billion deal, while U.S. regulators are expected to announce agreement on the conditions necessary to approve the merger, sources said.

2 days ago

Nearly half of Juul’s Twitter followers are too young to buy e-cigarettes: study

Lynette Tan - Almost half of the people who followed Juul Labs Inc on Twitter were not old enough to legally purchase e-cigarettes in the United States, according a study published on Monday.

2 days ago

Nearly half of Juul's Twitter followers are too young to buy e-cigarettes: study

Almost half of the people who followed Juul Labs Inc on Twitter were not old enough to legally purchase e-cigarettes in the United States, according a study published on Monday.

2 days ago

Ford Motor Co cutting about 10% of global salaried workforce

Lynette Tan - Ford Motor Co said on Monday it will eliminate about 10per cent percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker US$600 million annually.

2 days ago

Ford Motor Co to cut 10per cent of white-collar jobs as part of global restructuring

Lynette Tan - DETROIT: Ford Motor Co said on Monday it will eliminate about 10per cent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker US$600 million annually. Ford Chief Executive Officer Jim ...

2 days ago

US, China bicker over 'extravagant expectations' on trade deal

China accused the United States on Monday of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as U.S. action against China's technology giant Huawei began hitting the global tech sector.

2 days ago

Wall St. drops as tech stocks tumble on Huawei fallout fears

U.S. stock index futures fell on Monday, as fears over the impact on major technology companies from Washington's crackdown on China's Huawei Technologies added to concerns over worsening trade dispute between the world's two biggest economies.

2 days ago

Goldman selects Mazars to audit European operations

Goldman Sachs said on Monday it has appointed Mazars to audit its European operations in a major coup for the Paris headquartered accounting firm.

2 days ago

Chairman of US telecoms regulator backs T-Mobile, Sprint merger

Lynette Tan - Sprint Corp and T-Mobile US Inc on Monday will announce a series of changes to their US$26 billion deal, while U.S. regulators are expected to announce agreement on the conditions necessary to approve the merger, sources said.

2 days ago

Ford Motor Co cutting about 10per cent of global salaried workforce

Ford Motor Co said on Monday it will eliminate about 10per cent percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker US$600 million annually.

2 days ago

Tech stocks drag Wall Street lower at open

Lynette Tan - U.S. stock index futures fell on Monday, as fears over the impact on major technology companies from Washington's crackdown on China's Huawei Technologies added to concerns over worsening trade dispute between the world's two biggest economies.

2 days ago

Smartphone maker Xiaomi's first-quarter revenue jumps 27%, beats estimates

Lynette Tan - Chinese smartphone maker Xiaomi Corp reported better than-expected quarterly revenue on Monday due in part to steady growth in sales outside its home market.

2 days ago

Explainer: What Huawei’s restricted access to Android means for users

youjin.low -

2 days ago

US telecom regulators, Sprint, T-Mobile to agree on deal: sources

Lynette Tan - Sprint Corp and T-Mobile US Inc announced a series of changes to their proposed US$26 billion deal on Monday, while U.S. regulators were expected to announce agreement on the conditions necessary to approve the merger, sources said.

2 days ago

Coca-Cola ends plan to refranchise Africa bottling unit, keeps majority stake

Coca-Cola Co said on Monday it had dropped plans to refranchise its Africa bottling business, Coca-Cola Beverages Africa (CCBA), and would instead keep its majority stake in the unit for the time being.

2 days ago

India stocks soar as polls point to Modi election win

Lynette Tan - MUMBAI: Indian shares soared 3.75 per cent on Monday (May 20) - the biggest jump in nearly six years - as markets greeted exit polls indicating conservative Prime Minister Narendra Modi secured a new term in a general election. The Bombay Stock Exchange's Sensex index ended at a record high 39,352 . ...

2 days ago

Deutsche Bank staff flagged Trump, Kushner transactions for watchdog: Report

Lynette Tan - WASHINGTON: Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported .. ...

2 days ago

Tata Motors profits fall 47% amid Jaguar Land Rover China slowdown

Indian carmaker Tata Motors on Monday reported a 47 percent fall in quarterly profits after being hit by new struggles to sell its luxury Jaguar Land Rover cars in China and other key markets.

2 days ago

FCC, Sprint, T-Mobile to announce agreement on deal: source

Lynette Tan - Sprint Corp and T-Mobile US Inc on Monday will announce a series of changes to their US$26 billion deal, while U.S. regulators are expected to announce agreement on the conditions necessary to approve the merger, sources said.

2 days ago

Canberra MRT station to open on Nov 2

youjin.low -

2 days ago

Huawei says will continue support for smartphones and tablets

Huawei said it would continue to provide security updates and services for its smartphones and tablets after Google said it would comply with an order barring the Chinese company from updates to its Android operating system.

2 days ago

Stock futures drop on concerns over spiraling fallout of Huawei crackdown

Lynette Tan - U.S. stock index futures fell on Monday, as fears over the impact on major technology companies from Washington's crackdown on China's Huawei Technologies added to concerns over worsening trade dispute between the world's two biggest economies.

2 days ago

Deutsche Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

Lynette Tan - WASHINGTON: Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported .. ...

2 days ago

Cybersecurity firm Siemplify raises US$30 million, brings total to US$58 million

Lynette Tan - TEL AVIV: U.S.-Israeli cybersecurity provider Siemplify said on Monday it raised US$30 million in private funding, bringing its total raised to date to US$58 million. The funding round was led by Toronto-based Georgian Partners, who were joined by the company's existing investors G20 Ventures ...

2 days ago

Spain's Telefonica says is reviewing US Huawei order

Spain's Telefonica is reviewing a U.S. order which hit Chinese telecoms giant Huawei with severe sanctions, to see if it will affect its customers, a spokeswoman for the group said on Monday.

2 days ago

Smartphone maker Xiaomi's first-quarter revenue jumps 27per cent, beats estimates

Lynette Tan - Chinese smartphone maker Xiaomi Corp reported better than-expected quarterly revenue on Monday due in part to steady growth in sales outside its home market.

2 days ago

Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

Lynette Tan - WASHINGTON: Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on ...

2 days ago

Exclusive: Western buyers freeze Russian payments over dirty oil outage

Total and ENI have stopped payments to the Russian firms who sold them contaminated oil and said they will only pay when compensation is agreed, trading sources said, upping the stakes in what they say is the worst disruption to Russian oil supply.