Business SG

SGX urged to relook rules allowing Mainboard companies to transfer to Catalist

SG Business Review - January 16, 2019

Submitted By:  Arianna Danganan Case Study:  No Increased transfers to Catalist could harm the liquidity...

Daily Markets Briefing: STI up 1.22%

SG Business Review - January 16, 2019

Submitted By:  Arianna Danganan Case Study:  No Gains on US stock markets could see positive...

Daily Briefing: 900 HDB flat buyers cancelled their BTO bookings in 2018; Hawker...

SG Business Review - January 16, 2019

Submitted By:  Arianna Danganan Case Study:  No And F&B firm GD Group slapped with a...

Snap CFO Tim Stone to resign less than a year into role

Channel News Asia SG Business - January 16, 2019

Snapchat app-owner Snap Inc said on Tuesday Chief Financial Officer Tim Stone will be leaving...

British pound rallies on May’s Brexit setback

Channel News Asia SG Business - January 16, 2019

LONDON: The British pound rallied on Tuesday (Jan 15) after the lower house of parliament overwhelmingly...

Commentary: Expect nerve-wracking risks in the global economy to emerge this yea...

Channel News Asia SG Business - January 16, 2019

The biggest economic risks will emerge in areas investors think recent patterns are unlikely to...

Commentary: Ivanka Trump for World Bank President?

Channel News Asia SG Business - January 16, 2019

Over the 75-year history of the World Bank, its President has always been an American,...

Citi says chance of delay to Brexit now ‘very high’

Channel News Asia SG Business - January 16, 2019

U.S. investment bank Citi said on Tuesday there is now a “very high” chance that...

United profit beats forecasts as bolstered hub strategy pays off

Channel News Asia SG Business - January 16, 2019

United Airlines on Tuesday reported a fourth-quarter profit that beat Wall Street forecasts, as the...

Wall Street rises as Netflix boosts tech, internet stocks

Channel News Asia SG Business - January 16, 2019

NEW YORK: US stocks rose on Tuesday (Jan 15) as technology and internet stocks gained on...

Ex-employee of proxy solicitor Georgeson convicted of fraud

Channel News Asia SG Business - January 16, 2019

A former senior managing director of a firm that advises companies on shareholder votes was...

France seeks Renault board meeting to replace CEO Ghosn: sources

Channel News Asia SG Business - January 16, 2019

The French government is moving to dismiss Renault’s scandal-hit Chairman and Chief Executive Carlos Ghosn,...

White House considering Nooyi, Malpass, Washburne as World Bank candidates: admi...

Channel News Asia SG Business - January 16, 2019

The White House is considering former PepsiCo Inc Chief Executive Indra Nooyi, Treasury Department official...

McDonald’s loses ‘Big Mac’ trademark case to Irish chain Supermac’s

Channel News Asia SG Business - January 16, 2019

McDonald’s Corp’s has lost its rights to the trademark “Big Mac” in a European Union...

Best US fund managers of ’18 buying healthcare, pot stocks as market wobbles

Channel News Asia SG Business - January 16, 2019

The top-performing U.S. growth fund managers of the last year are taking the recent slide...

JPMorgan misses fourth-quarter profit estimates as bond trading slumps

Channel News Asia SG Business - January 16, 2019

JPMorgan Chase & Co on Tuesday reported a 67 percent rise in fourth-quarter profit from...

Nordstrom holiday same-store sales rise 1.3 percent

Channel News Asia SG Business - January 16, 2019

Nordstrom Inc said on Tuesday its comparable store sales during the crucial months of November...

PG&E misses interest payment on 2040 notes; bonds, shares plummet

Channel News Asia SG Business - January 16, 2019

The price of bonds and shares in PG&E Corp plummeted after the California power company...

Netflix, tech rally lift Wall Street as investors shrug off weak bank results

Channel News Asia SG Business - January 16, 2019

U.S. stock futures pointed to a flat start on Tuesday, with an early boost from...

Ex-Barclays trio ‘cheated global financial system’, Euribor trial told

Channel News Asia SG Business - January 16, 2019

Three former Barclays bankers cheated the global financial system to gain an unfair edge over...

Fiat Chrysler looking at options to plug hole in its truck lineup: CEO

Channel News Asia SG Business - January 16, 2019

Fiat Chrysler Automobiles NV Chief Executive Mike Manley told Reuters on Tuesday he is open...

As loans and revenue shrink, Wells Fargo leans on cost cuts

Channel News Asia SG Business - January 16, 2019

Wells Fargo & Co on Tuesday said quarterly revenue fell 5 percent, hurt by lower...

Airbnb says profitable for two straight years amid IPO talks

Channel News Asia SG Business - January 16, 2019

Home-renting company Airbnb Inc said on Tuesday it was profitable on an adjusted basis for...

British pound wobbles before crunch Brexit vote

Channel News Asia SG Business - January 16, 2019

LONDON: Sterling was under increasing pressure on Tuesday (Jan 15) as British Prime Minister Theresa May...

US charges suspected hacker, traders over SEC database hack

Channel News Asia SG Business - January 16, 2019

A Ukrainian computer hacker and several others were charged by U.S. authorities on Tuesday over...

Apollo Global nears deal to buy Arconic for more than US$10 billion: WSJ

Channel News Asia SG Business - January 16, 2019

Apollo Global Management LLC is nearing a deal to buy U.S. aluminum products maker Arconic...

French court cancels Monsanto weedkiller permit on safety grounds

Channel News Asia SG Business - January 16, 2019

A French court canceled the license for one of Monsanto’s glyphosate-based weedkillers on Tuesday over...

Weak US producer prices support tame inflation picture

Channel News Asia SG Business - January 16, 2019

WASHINGTON: US producer prices dropped by the most in more than two years in December as...

Delta Air growth to slow further in first quarter as shutdown weighs

Channel News Asia SG Business - January 16, 2019

REUTERS: Delta Air Lines Inc on Tuesday posted a slight beat in fourth-quarter profit but...

Hundreds of flights axed as fresh strike hits German airports

Channel News Asia SG Business - January 16, 2019

FRANKFURT AM MAIN: Hundreds of flights were cancelled at eight German airports on Tuesday (Jan 15),...

Netflix raises prices for US subscribers

Channel News Asia SG Business - January 16, 2019

Netflix Inc is raising monthly fees for its U.S. subscribers by between 13 percent and...

Shoe retailer Payless to explore options, including sale -sources

Channel News Asia SG Business - January 16, 2019

U.S. discount retailer Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives,...

PG&E plunges for second day after step toward bankruptcy

Channel News Asia SG Business - January 16, 2019

Shares in California power company PG&E fell sharply for a second day on Tuesday as...

French court cancels Monsanto weedkiller permit on safety grounds

Channel News Asia SG Business - January 16, 2019

A French court canceled the license for one of Monsanto’s glyphosate-based weedkillers on Tuesday over...

Saudi urges ‘fair’ energy transition, defends oil

Channel News Asia SG Business - January 16, 2019

Top oil exporter Saudi Arabia called Tuesday for a “fair” and gradual global energy transition...

Wells Fargo quarterly revenue falls 5 percent

Channel News Asia SG Business - January 16, 2019

Wells Fargo & Co on Tuesday said quarterly revenue fell 5 percent, hurt by lower...

Exclusive: Brazil’s Odebrecht offers debt-for-equity swap for Atvos unit &...

Channel News Asia SG Business - January 16, 2019

Corruption-ensnared Odebrecht SA has proposed that creditors take over its sugar and ethanol unit, Atvos...

Delta growth to slow further in first quarter, shares dip

Channel News Asia SG Business - January 16, 2019

REUTERS: Delta Air Lines Inc on Tuesday forecast a further fall in unit revenue growth...

UnitedHealth profit beats on strength in Optum, insurance units

Channel News Asia SG Business - January 16, 2019

UnitedHealth Group Inc , the largest U.S. health insurer, reported a 16 percent drop in...

PG&E restructuring highlights arcane California legal rule

Channel News Asia SG Business - January 16, 2019

PG&E Corp’s chances of emerging from bankruptcy proceedings hinge in part on an arcane California...

JPMorgan misses profit estimates as bond trading slumps

Channel News Asia SG Business - January 16, 2019

JPMorgan Chase & Co on Tuesday reported a 67 percent rise in fourth-quarter profit from...

Netflix leads Wall Street higher; bank earnings disappoint

Channel News Asia SG Business - January 16, 2019

U.S. stock futures pointed to a flat start on Tuesday, with an early boost from...

Walmart opts to leave CVS partnerships over pricing dispute

Channel News Asia SG Business - January 16, 2019

Walmart Inc has opted to end its involvement in the network of commercial and Medicaid...

Sembcorp Marine increases shareholding in Semb-Eco; divests stake in Ecospec Glo...

Business Times - January 15, 2019

SEMBCORP Marine’s subsidiaries Sembcorp Marine Repairs and Upgrades, and Semb-Eco on Tuesday entered into a...

ST Engineering’s aerospace arm secures S$450m worth of contracts in Q4 2018

Business Times - January 15, 2019

ST Engineering announced after trading hours on Tuesday that its aerospace arm secured new contracts...

IPS Securex lands contract worth S$19.1m

Business Times - January 15, 2019

IPS Securex Holdings announced on Tuesday that it has received a letter of acceptance (LOA)...

Facebook to invest US$300 million to help local news survive

Channel News Asia SG Business - January 15, 2019

Facebook Inc will invest US$300 million over three years in local news globally as it...

German court throws out Qualcomm’s latest patent case against Apple

Channel News Asia SG Business - January 15, 2019

A patent lawsuit filed by Qualcomm Inc against Apple Inc was thrown out by a...

Ex-Goldman banker accused over 1MDB loses bail bid

Channel News Asia SG Business - January 15, 2019

An ex-Goldman Sachs banker facing charges in the US and Malaysia over a massive financial...

UK gambling stocks drop after US DOJ reverses opinion on internet betting

Channel News Asia SG Business - January 15, 2019

Shares of British betting companies, which have been pushing into the United States market because...

South Korea’s Kakao Mobility offers olive branch to taxi drivers protestin...

Channel News Asia SG Business - January 15, 2019

South Korea’s Kakao Mobility on Tuesday said it would re-enter talks over its proposed car-sharing...

Tokyo court denies ex-Nissan chief Ghosn’s bail request

Channel News Asia SG Business - January 15, 2019

A Tokyo court on Tuesday rejected a request by former Nissan chief Carlos Ghosn for...

Jason Holdings to appeal court’s decision to strike out third-party claims

Business Times - January 15, 2019

JASON Holdings announced after trading hours on Tuesday that it will appeal the court’s decision...

UnitedHealth fourth-quarter profit beats on Optum strength

Channel News Asia SG Business - January 15, 2019

UnitedHealth Group Inc , the largest U.S. health insurer, reported a 16 percent drop in...

Huawei founder says firm does not spy for China

Channel News Asia SG Business - January 15, 2019

Huawei’s founder Ren Zhengfei on Tuesday rejected claims his company is used by the Chinese...

Midas says judicial manager is trying to sell unit’s assets against its will

Business Times - January 15, 2019

THE judicial manager of the principal operating subsidiary of troubled railway parts maker Midas Holdings is trying...

Sapphire subsidiary bags contract worth 832m yuan in Chengdu

Business Times - January 15, 2019

RANKEN Railway Construction Group Co, Sapphire Corporation’s 97.6 per cent-owned subsidiary, was awarded a contract...

SPH’s overseas assets to play a key role in boosting profits: analysts

SG Business Review - January 15, 2019

Submitted By:  Arianna Danganan Case Study:  No Its first UK purpose built student accommodation contributed...

Shiseido to invest, hire more in Singapore with expanded regional hub

Business Times - January 15, 2019

JAPANESE cosmetics group Shiseido plans to invest more in innovation, training and hiring in Singapore,...

Disallow transfer from SGX mainboard to Catalist: study

Business Times - January 15, 2019

COMPANIES should no longer be allowed to transfer from the mainboard to Catalist, to lift...

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