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

UN lifts travel ban for North Koreans to Kim-Trump summit

[UNITED NATIONS, United States] A UN Security Council committee has agreed to lift a travel ban on North Korean officials heading to Singapore for the planned summit between Donald Trump and Kim Jong Un next month, diplomats said.

1 day ago

Upstart Circles.Life looks to ring in changes in Singapore’s telecoms sector

Tan Hwee Hwee - The mobile virtual network operator points to its cloud-based technology Circles-X as the secret sauce differentiating it from the less nimble full-fledged telcos here, according to co-founder Abhishek Gupta.

1 day ago

Singapore maintains 3rd position in world ranking for competitiveness

Tan Hwee Hwee - While Singapore has done well in the area of government efficiency, challenges in the form of high prices and private debt remain.

1 day ago

Commentary: US in a bind over two contradictory goals of China trade talks

Tan Hwee Hwee - Washington cannot have both a better investment regime in China and a lower trade deficit, says one observer at the Financial Times.

1 day ago

Europe: Trade tremors, commodities dent shares amid Italian government uncertainty

[MILAN] European shares pulled back on Wednesday as US-China trade talks stalled and a drop in crude prices slammed the brakes on a stellar run in energy stocks, while uncertainty in Italian politics continued to weigh on banks.

1 day ago

Federal Reserve signals next rate hike coming in June

[WASHINGTON] US central bankers are likely to raise the key interest rate "soon," the Federal Reserve said Wednesday, a clear signal of a rate hike coming next month, as financial markets expect.

1 day ago

US: Federal Reserve signals on inflation send Wall Street higher

[NEW YORK] Wall Street swung to positive finish on Wednesday, with stocks boosted by Federal Reserve minutes which said the central bank may be willing to let inflation run slightly higher.

1 day ago

Trump may impose tariffs on car imports in latest trade move: sources

Tan Hwee Hwee - The Trump administration is considering a proposal to impose new tariffs on imported vehicles invoking a national security law that was used to impose tariffs on aluminum and steel, an administration official and three industry officials who had been briefed on the matter said.

1 day ago

Singapore keeps 3rd spot in global ranking of competitiveness

Chuang Peck Ming - SINGAPORE has stayed in third place in an annual world competitiveness ranking of 63 economies topped this year by the United States, which made its first return to pole position since 2015.

1 day ago

Debt restructuring - shift in attitude needed

Ellyn Tan - ONE year ago, groundbreaking amendments were made to the Singapore Companies Act (Cap 50) that significantly enhanced the legal framework governing debt restructuring in Singapore. The primary objective behind these reforms was to enable a more constructive and efficient restructuring solution to b ...

1 day ago

Noble saga offers lessons for Singapore capital market

Andrea Soh - "WHY has the company come to this stage?"

1 day ago

Trump's Stalinist roots

ALEXEI BAYER - THE power of the American presidency - and the respective presidents' ability to act arbitrarily - has always been hemmed in by strong institutions. This system of checks and balances is what has kept them from turning themselves into banana republic dictators or communist leaders.

1 day ago

Forgoing EU benefits is 'act of self-harm'

David Warren - ONE of the most puzzling aspects of the arguments over Britain's exit from the European Union (EU) is the way the single market and customs union have been spun as something sinister from which the UK needs to escape so it can trade freely with the rest of the world.

1 day ago

Good idea, passion not enough to keep company at global forefront

THE news that water treatment firm Hyflux has sought court protection while it reorganises its liabilities was unwelcome but not entirely unexpected.

1 day ago

Glass box brands: DBS leading the way

NATHANIA CHRISTY - THE founder of Uber resigns after a culture of sexism and bullying is exposed. A smartphone video of United Airlines employees forcibly dragging a passenger off a plane goes viral.

1 day ago

Merkel to double down on Germany-China relationship

Andrew Hammond - GERMAN Chancellor Angela Merkel makes a first trip to China on Thursday and Friday since her re-election last September. Berlin and Beijing have a vast common bilateral and multilateral agenda, and discussions this week will range from international trade to the Iran nuclear deal which both countri ...

1 day ago

Mother Nature will play her hand in Arab-Israeli conflict

Thomas L Friedman - PRINCESS Diana once famously observed that there were three people in her marriage, "so it was a bit crowded". The same is true of Israelis and Palestinians. The third person in that marriage is Mother Nature - and she'll batter both of them if they do not come to their senses.

1 day ago

House of Tan Yeok Nee back on the market

Kalpana Rashiwala - THE House of Tan Yeok Nee , a gazetted national monument at the junction of Penang Road and Clemenceau Avenue, will soon be put on the market.

1 day ago

UE forks out S$9m to build WBL stake

Tan Hwee Hwee - THREE months after its minority shareholders foiled its buy-out bid, United Engineers (UE) has gone ahead to expand its equity holding in WBL by acquiring more than 4.3 million shares for S$9 million from OCBC Bank, its subsidiaries and independent third parties.

1 day ago

72-unit condo complex Balestier Regency up for sale for S$218m

Rachel Mui - BALESTIER Regency, a 72-unit condominium complex off Balestier Road, has been launched for collective sale by tender and is expected to fetch some S$218 million, marketer Teakhwa Real Estate said on Wednesday.

1 day ago

Singapore is 4th most expensive city in Asia to build in

Ann Williams - SINGAPORE is the fourth most expensive city in Asia to build in, behind Hong Kong, Macau and Tokyo, in that order, according to a survey by global design and consultancy firm Arcadis.

1 day ago

Malaysian state-backed funds 'looking for a loan for London-property project'

TWO Malaysian state-backed funds that acquired London's Battersea Power Station building are sounding out banks for a loan of about £1.5 billion (S$2.7 billion), people with knowledge of the matter said on Wednesday.

1 day ago

Salesforce Tower transforms San Francisco skyline

SALESFORCE.COM'S chief executive officer Marc Benioff formally opened Salesforce Tower, a 1,070-foot ode to the technology industry that has transformed San Francisco's skyline.

1 day ago

Sickly UAE property markets seen propped up by longer visas

AS homebuilders in Dubai and Abu Dhabi think up extravagant incentives to shake the property market out of its long slumber, the government will offer potential buyers something the companies cannot: the right to stick around.

1 day ago

Emerging markets face record debts coming due

EMERGING-MARKET companies and governments straining to deal with the rising cost of borrowing in dollars face increasing pressure as a record slew of bonds come due.

1 day ago

S'pore keeps 3rd spot in global ranking of competitiveness

Chuang Peck Ming - SINGAPORE has stayed in third place in an annual world competitiveness ranking of 63 economies topped this year by the United States, which made its first return to pole position since 2015.

1 day ago

Trump casts doubt over June 12 summit with Kim

US President Donald Trump expressed pessimism about whether the summit with North Korea's leader would take place, even as American officials pressed ahead with plans for a historic June 12 meeting in Singapore.

1 day ago

Singapore, France deepen collaboration in biotechnology

Chia Yan Min - RESEARCHERS in Singapore and France are setting up a joint "virtual laboratory" to deepen collaboration in the field of biotechnology.

1 day ago

KL government change has 'no impact' on HSR bidding: Alstom

THE change in political leadership in Malaysia has not had any impact on the bidding preparation by French firm Alstom in the high-speed rail (HSR) project that is to run from Singapore to Kuala Lumpur.

1 day ago

M'sia to dismiss 17,000 state workers, reduce ministers' salaries by 10%

THOUSANDS of government workers in Malaysia will lose their jobs and state agencies will be dissolved as Prime Minister Mahathir Mohamad moves to curb spending and debt.

1 day ago

Eurozone business slowdown suggests best days may be over

EUROZONE economic growth slowed much more sharply than expected this month, a business survey showed, which along with weaker inflation has intensified concerns there will be no return to the bloc's recent boom times.

1 day ago

Japan to backtrack on budget target, welfare reform as tax hike looms

JAPAN will delay its time frame for a balanced budget by five years to 2025, government and ruling party proposals show, leaving Prime Minister Shinzo Abe room to open the fiscal spigot to ease the economic blow from a sales tax hike next year.

1 day ago

With eye on China, EU parliament pushes tougher line on investments

MEMBERS of the European Parliament (MEPs) are nearing agreement on a proposal that would broaden the powers of the European Commission to scrutinise foreign investments amid rising concern about Chinese acquisitions on the continent.

1 day ago

IMF urges S Arabia to contain spending as deficit widens

THE International Monetary Fund (IMF) has called on Saudi Arabia to keep public spending under control, even as a partial recovery of oil prices helps the economy emerge from recession.

1 day ago

STI falls 1.3% on Fed fears, trade tensions

Annabeth Leow - THE Singapore bourse was awash in red on Wednesday, with markets jittery ahead of the United States Federal Reserve's meeting minutes release.

1 day ago

Rio Tinto's exit set to end copper mine's three-way wrangle

RIO Tinto Group is said to be ready to accept a US$3.5 billion deal with Indonesia for its interest in the giant Grasberg operation, paving the way for an end to a protracted, three-way wrangle over the world's No. 2 copper mine.