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

Who's to blame for Wirecard? Germany passes the buck

Germany's accountancy watchdog has denied blame for failing to spot problems at collapsed payments firm Wirecard, the latest in a string of agencies to shirk responsibility following the country's biggest accounting scandal.

1 day ago

US Supreme Court takes up Nestle, Cargill appeals over human rights claims

The US Supreme Court will decide whether American corporations can be sued for alleged human rights abuses occurring abroad under a 1789 law, agreeing on Thursday to hear appeals by two companies - Cargill Inc and a Nestle SA subsidiary.

2 days ago

EU banks to take on Visa, Mastercard with new payments system

Annabeth Leow - Sixteen banks from Germany, France and three other euro zone countries on Thursday said a "truly European" payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are still in cash.

2 days ago

Record job growth powers Wall Street, Nasdaq hits all-time high

Annabeth Leow - U.S. stock index futures rose on Thursday as investors awaited the crucial jobs report for further evidence of an economic rebound in June, although a record surge in daily COVID-19 cases kept gains in check.

2 days ago

World's e-waste 'unsustainable', says UN report citing China, India and US

Annabeth Leow - Across the river from Delhi's Red Fort, the grim neighbourhood of Seelampur lives off what consumers in the modern world throw away - their broken or obsolete electronic and electrical goods.

2 days ago

Pofma correction directions issued to online platforms linked to Peoples Voice over statements on Govt spending on foreign students

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2 days ago

Singapore watchdog raises concerns over LSE’s planned Refinitiv acquisition

Aradhana Aravindan - The CCCS cited concern about the provision of foreign exchange benchmarks by the merged entity. The post Singapore watchdog raises concerns over LSE’s planned Refinitiv acquisition appeared first on DealStreetAsia.

2 days ago

Top-performing US equity funds this year are betting on a transformed world

U.S. equity funds that were able to best weather the global economic upheaval from the coronavirus pandemic this year are turning to healthcare, e-commerce and electric vehicle stocks as they look ahead to 2021.

2 days ago

Chuan Hup's associated firm gets nod to develop residential tower in Perth

Tay Peck Gek - MAINBOARD-listed property investment company Chuan Hup announced that its associated company has received approval from the Australian authorities to develop a 32-level residential tower in a prime area in Perth.

2 days ago

Tesla's 'jaw-dropping' second-quarter deliveries send shares surging

Annabeth Leow - Tesla Inc on Thursday beat Wall Street estimates for second-quarter vehicle deliveries, as lockdowns imposed globally to combat the spread of the coronavirus begin to ease.

2 days ago

Govt expands scope of Covid-19 testing to include possible close contacts of infected patients

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2 days ago

Wall Street jumps at open as US job growth accelerates

Fiona Lam - U.S. stock index futures rose on Thursday as investors awaited the crucial jobs report for further evidence of an economic rebound in June, although a record surge in daily COVID-19 cases kept gains in check.

2 days ago

US Treasury agrees on loan terms with American, four other airlines

Fiona Lam - The U.S. Treasury said on Thursday it has agreed on terms for government loans with five U.S. carriers, including American Airlines Group Inc .

2 days ago

Tesla beats vehicle delivery estimates for second quarter, shares surge

Fiona Lam - Tesla Inc on Thursday beat Wall Street estimates for second-quarter vehicle deliveries, as lockdowns imposed globally to combat the spread of the coronavirus begin to ease.

2 days ago

Vote PAP for a harder push for economic transformation, Heng Swee Keat urges

Chuang Peck Ming - SINGAPORE under the People’s Action Party (PAP) in the next five years will see efforts stepped up to transform and grow the economy to make it more innovative and resilient, the party said in the first of two political broadcasts made available to the contenders of this general election, which h ...

2 days ago

58 households in Tampines block offered Covid-19 tests after 9 infection cases confirmed there

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2 days ago

UK police arrest "iconic" criminals in biggest ever operation after encryption breakthrough

Fiona Lam - LONDON: British police said on Thursday they had carried out their biggest operation ever, arresting "iconic" figures and smashing thousands of conspiracies including murder plots after infiltrating a communications service used by criminals. The National Crime Agency (NCA) said the cracking of ...

2 days ago

'Gold mine': European police target secret phone network used by crime rings

Fiona Lam - THE HAGUE: An encrypted phone network widely used by thousands of criminals has provided police with a "gold mine" of information, leading to numerous arrests, drug seizures and even foiled assassination attempts, French and Dutch authorities said on Thursday. Police from the two countries ...

2 days ago

US job growth accelerates in June; unemployment rate falls

Fiona Lam - The U.S. economy likely created jobs at a record clip in June as more restaurants and bars resumed operations, which would offer further evidence that the COVID-19 recession was probably over, though a surge in cases of the coronavirus threatens the fledgling recovery.

2 days ago

Futures jump as job growth picks up pace in June

Fiona Lam - U.S. stock index futures rose on Thursday as investors awaited the crucial jobs report for further evidence of an economic rebound in June, although a record surge in daily COVID-19 cases kept gains in check.

2 days ago

GE2020 party broadcasts: PAP has ‘delivered what we promised’, but Opposition warn against having an unchecked ruling party

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2 days ago

GE2020: PAP has not delivered on promise to ease cost of living burden, says SDP's Chee Soon Juan

Mindy Tan - Singapore Democratic Party (SDP) chief Chee Soon Juan said in a party political broadcast on Thursday that the People's Action Party (PAP) government, under Prime Minister Lee Hsien Loong, has not delivered on its promise to lessen cost of living burdens.

2 days ago

A true safeguard is having institutions that do not favour any political party: WP

Sharon See - A COMPLETE dominance of Parliament by one party could allow a tiny number of people to control everything, the Workers' Party's (WP) chief Pritam Singh said in a televised broadcast on Thursday night.

2 days ago

Police investigate 13-year-old boy, 51-year-old man over separate cases of alleged damage to election posters

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2 days ago

PAP parliamentary majority is no 'formula for success', says Tan Cheng Bock

Kelly Ng - IF GIVEN seats in the House, the Progress Singapore Party (PSP) will ask tough questions of the ruling People’s Action Party (PAP) and serve as a check on how the government is stewarding Singapore’s reserves, PSP chief Tan Cheng Bock said on Thursday.

2 days ago

Lithuania dabbles in crypto-coin as cbanks look for ways to fend off Facebook

Fiona Lam - VILNIUS: Lithuania is about to issue the first central bank-produced digital coin in the euro zone, part of a project to trial state-backed digital currencies and blockchain technology in everyday use. The sharp decline in the use of cash and the prospect of Facebook's 2.5 billion users adopting ...

2 days ago

UK police arrest 'iconic' criminals after encryption breakthrough

Lee Meixian - LONDON: British police said on Thursday they had made a major breakthrough in the fight against serious and organised crime, arresting "iconic" figures and smashing thousands of conspiracies including murder plots. The National Crime Agency (NCA) said the cracking of the encryption used by ...

2 days ago

Tesla beats vehicle delivery estimates for second quarter

Lee Meixian - Tesla Inc on Thursday beat Wall Street estimates for second-quarter vehicle deliveries, as lockdowns imposed globally to combat the spread of the coronavirus begin to ease.

2 days ago

Thailand to ban online alcohol sales to curb underage drinking

Lee Meixian - BANGKOK: Thailand said on Thursday it would prohibit online sales of alcohol in a clampdown on underage drinking after a rise in sales during the coronavirus outbreak. The Southeast Asian country scrapped a three-week ban on the sale of alcohol in shops in May when it lifted other restrictions ...

2 days ago

WATCH: Party political broadcast 1

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2 days ago

UOB to make second cut on rates on flagship savings account this year

Natalie Choy - UOB has joined its Singapore banking peers in deepening cuts to interest rates tied to flagship savings accounts, reflecting the prolonged low-interest rate environment.

2 days ago

The heat's on Corporate America to reveal racial diversity data

Lee Meixian - American companies are coming under increasing pressure from investors to publicly disclose information about diversity among employees in the wake of nationwide protests against racial discrimination.

2 days ago

Sembcorp Industries' urban business forms JV to expand warehousing properties in Vietnam

Tay Peck Gek - LISTED conglomerate Sembcorp Industries' urban business has formed a joint-venture company with Japanese property firm CRE Asia, as part of an effort to facilitate the expansion of its warehousing properties in Vietnam.

2 days ago

Explainer: How US airlines are trying to stop COVID-19 on flights

Natalie Choy - As some Americans prepare to travel for the July 4 holiday weekend, and airlines slowly ramp up service, the U.S. government has not changed rules for air travel during the pandemic, leaving airlines to implement their own measures.

2 days ago

GE2020: PAP’s Sengkang team outlines plans for GRC, including setting up of new town council

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2 days ago

Futures rise ahead of June jobs report

Natalie Choy - U.S. stock index futures rose on Thursday as investors awaited the crucial jobs report for further evidence of an economic rebound in June, although a record surge in daily COVID-19 cases kept gains in check.