Business SG

Prosus, Takeaway trade barbs in battle for Britain’s Just Eat

Channel News Asia SG Business - November 21, 2019

Aston Martin unveils first SUV, eyes luxury buyers in China

Channel News Asia SG Business - November 21, 2019

Prosus, Takeaway trade barbs in battle for Britain’s Just Eat

Channel News Asia SG Business - November 21, 2019

Technology company Prosus on Wednesday criticized rival suitor Takeaway.com’s bid for British food delivery service...

Aston Martin unveils first SUV, eyes luxury buyers in China

Channel News Asia SG Business - November 21, 2019

British carmaker Aston Martin unveiled its first-ever sports utility vehicle (SUV) Wednesday at events in...

Emirates jet swap opens door to Boeing 787 deal in Dubai

Channel News Asia SG Business - November 21, 2019

Emirates agreed to buy its first Boeing 787 Dreamliners in a last-minute, US$9 billion deal...

Chinese airlines turn to Asia as long-haul losses pile up

Channel News Asia SG Business - November 21, 2019

Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift...

Wall Street slips at open on escalating US-China tensions

Channel News Asia SG Business - November 21, 2019

U.S. stock index futures fell on Wednesday as escalating political tensions between Washington and Beijing...

Roughly US$400 million of Ripple tokens tied to illegal activity: Elliptic

Channel News Asia SG Business - November 21, 2019

About US$400 million of XRP tokens, the currency for the Ripple payment network, is tied...

E-scooter maker Superpedestrian raises US$20 million, promises fewer breakdowns

Channel News Asia SG Business - November 21, 2019

Electric scooter company Superpedestrian on Wednesday said it had raised US$20 million for its diagnostic...

China’s Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman

Channel News Asia SG Business - November 21, 2019

China’s top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium...

US aviation regulator pledges rigorous certification for Boeing 777X

Channel News Asia SG Business - November 21, 2019

DUBAI: The U.S. aviation regulator will ensure certification of Boeing’s 777X wide-body jet is conducted...

Union threatens strikes unless Lufthansa makes concessions in wage dispute

Channel News Asia SG Business - November 21, 2019

Strikes at Lufthansa units Eurowings, Germanwings Cityline and Sunexpress remain possible despite arbitration talks at...

Saudi Aramco to meet investors in Dubai and Abu Dhabi: Sources

Channel News Asia SG Business - November 21, 2019

Saudi Aramco plans meetings with investors in Dubai next week, sources said, in which it...

Swedbank to investigate report of possible US sanctions breach

Channel News Asia SG Business - November 21, 2019

Swedbank pledged on Wednesday to conclude an internal probe into alleged money laundering at the...

Shell UK gender pay gap widens slightly in 2019

Channel News Asia SG Business - November 21, 2019

Royal Dutch Shell’s gender pay gap in Britain edged higher in 2019 following the acquisition...

Target raises full-year profit forecast; shares rise

Channel News Asia SG Business - November 21, 2019

Target Corp raised its full-year profit forecast after posting better-than-expected quarterly comparable sales on Wednesday,...

Apple starts construction of new US$1 billion campus in Texas

Channel News Asia SG Business - November 21, 2019

AUSTIN: Apple said on Wednesday it had started construction of a new campus in Austin, Texas,...

PSA’s small car platforms should be favored in FCA merger: executive

Channel News Asia SG Business - November 21, 2019

Small car platforms developed by France’s Peugeot should be favored if plans to merge PSA...

US begins issuing some licenses for companies to supply goods to Huawei

Channel News Asia SG Business - November 21, 2019

The U.S. Commerce Department confirmed Wednesday it has begun issuing licenses for some U.S companies...

Lowe’s misses quarterly same-store sales estimates

Channel News Asia SG Business - November 20, 2019

Lowe’s Cos Inc missed quarterly same-store sales estimates on Wednesday, as the home improvement chain...

Junk loan market tensions signal end of buyout-led binge

Channel News Asia SG Business - November 20, 2019

Many investors are shunning the riskiest corners of the junk-rated U.S. corporate loan market because...

Prosus urges Just Eat shareholders to accept its offer, reject Takeaway bid

Channel News Asia SG Business - November 20, 2019

Dutch technology company Prosus NV on Wednesday urged shareholders of Britain’s Just Eat PLC to...

Norwegian Air appoints new CEO to lead restructuring

Channel News Asia SG Business - November 20, 2019

Loss-making Norwegian Air has appointed a new chief executive to take charge of the budget...

Alibaba raises up to US$12.9 billion in landmark Hong Kong listing

Channel News Asia SG Business - November 20, 2019

Chinese e-commerce giant Alibaba Group will raise up to US$12.9 billion from its landmark Hong...

Alibaba raises up to US$12.9 billion in landmark Hong Kong listing

Channel News Asia SG Business - November 20, 2019

Chinese e-commerce giant Alibaba Group raised up to US$12.9 billion in a landmark listing in...

CapitaLand to sell The Star Vista for S$296 million to Rock Productions

Channel News Asia SG Business - November 20, 2019

SINGAPORE: Singapore-listed developer CapitaLand said on Wednesday (Nov 20) that it has agreed to sell...

Unions up ante at South African Airways as finances approach crunch

Channel News Asia SG Business - November 20, 2019

South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise...

Flare-up of Sino-US tensions over Hong Kong knocks world shares off 22-month hig...

Channel News Asia SG Business - November 20, 2019

World stocks were knocked off 22-month highs on Wednesday as a renewed flare-up in Sino-U.S....

US FAA head says will be tougher on the certification of the Boeing 777x

Channel News Asia SG Business - November 20, 2019

The head of the U.S. Federal Aviation Administration (FAA) said the FAA will be tougher...

Strikes at Lufthansa units possible despite arbitration: union

Channel News Asia SG Business - November 20, 2019

Strikes at Lufthansa units Eurowings, Germanwings Cityline and Sunexpress remain possible despite arbitration talks at...

Swedbank CEO vows to ‘get to the bottom’ of sanctions breach allegation

Channel News Asia SG Business - November 20, 2019

Swedbank pledged on Wednesday to conclude an internal probe into alleged money laundering at the...

Singapore proposes to regulate bitcoin futures

Channel News Asia SG Business - November 20, 2019

SINGAPORE: Singapore’s central bank plans to bring bitcoin and other similar cryptocurrency futures traded on...

Billionaires invest $46m in Australian solar farm connecting to Singapore

SG Business Review - November 20, 2019

Submitted By:  Clarist Zablan Case Study:  No The 4,500km transmission network is set to be...

CapitaLand to sell The Star Vista to Rock Productions for S$296m

Business Times - November 20, 2019

CAPITALAND on Wednesday said that it will sell the The Star Vista for S$296 million...

Twitter says UK PM Johnson’s party misled public with ‘factcheck’ account

Channel News Asia SG Business - November 20, 2019

Twitter said on Wednesday that British Prime Minister Boris Johnson’s Conservative Party misled the public...

Uncertainty over networks behind delay on French 5G spectrum – FFT

Channel News Asia SG Business - November 20, 2019

Uncertainty over which telecom networks could be used is one of the reasons as to...

Alibaba to price shares at HKUS$176 in landmark US$12.9 billion Hong Kong listin...

Channel News Asia SG Business - November 20, 2019

Chinese e-commerce giant Alibaba Group will raise up to US$12.9 billion from its landmark Hong...

Aston Martin launches first SUV, hopeful of a turnaround

Channel News Asia SG Business - November 20, 2019

Aston Martin, which has seen its share price plunge this year as sales failed to...

Alibaba to price shares at HKUS$176 in landmark US$12.9 billion HK listing: sour...

Channel News Asia SG Business - November 20, 2019

Chinese e-commerce giant Alibaba will raise up to US$12.9 billion in its Hong Kong secondary...

South African Airways needs government loan guarantee or risks liquidation: boar...

Channel News Asia SG Business - November 20, 2019

South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise...

China adds coal power despite climate pledge: Report

Channel News Asia SG Business - November 20, 2019

China plans to add new coal power plants equivalent to all of the EU’s current...

Asia shares lost in trade labyrinth, bonds get the benefit

Channel News Asia SG Business - November 20, 2019

Asian shares lumbered lower on Wednesday as the Sino-U.S. trade talks produced nothing but a...

Beijing tariff demands may expand US-China ‘phase one’ trade deal significantly

Channel News Asia SG Business - November 20, 2019

A “phase one” trade deal between the United States and China was supposed to be...

SIAS says it is concerned about ‘lack of finality on Utico’s offer’ for Hy...

Channel News Asia SG Business - November 20, 2019

SINGAPORE: The Securities Investors Association Singapore (SIAS) has said it is “seriously concerned” about the...

China to revise 2018 GDP to reflect asset, business growth

Channel News Asia SG Business - November 20, 2019

China will revise its 2018 gross domestic product (GDP) estimate in the next few days...

SIAS says Utico made last-minute changes to Hyflux rescue package

Business Times - November 20, 2019

SECURITIES Investors Association of Singapore (SIAS) founder and CEO David Gerald said SIAS is “seriously...

IHH Healthcare denies collusion with former Fortis owners

SG Business Review - November 20, 2019

Submitted By:  Clarist Zablan Case Study:  No Its subsidiary only acquired shares after the exit...

Senoko Energy denies seeking loans to weather oversupply issues

SG Business Review - November 20, 2019

Submitted By:  Clarist Zablan Case Study:  No It said it has explored the possibility with...

After meeting AFL-CIO, Pelosi says USMCA must be enforceable for workers to win ...

Channel News Asia SG Business - November 20, 2019

U.S. House of Representatives Speaker Nancy Pelosi on Tuesday conditioned her support for a new...

FBI wishes it had acted quicker as China stole intellectual property

Channel News Asia SG Business - November 20, 2019

WASHINGTON: The FBI wished it had taken swifter action as Beijing recruited US-based researchers to...

Vietnam’s Vingroup in deal with Google to develop smart TVs

Channel News Asia SG Business - November 20, 2019

Vingroup JSC, Vietnam’s biggest listed firm by market value, said on Wednesday it had signed...

High-tech Japan uses AI in song to welcome pope

Channel News Asia SG Business - November 20, 2019

Few aspects of life escape the touch of high tech in cutting-edge Japan, including an...

Asia shares trapped in a trade maze, oil nurses losses

Channel News Asia SG Business - November 20, 2019

Asian shares lumbered lower on Wednesday as the Sino-U.S. trade talks produced nothing but a...

Microsoft Teams surpasses 20 million daily active users; rival Slack shares slip

Channel News Asia SG Business - November 20, 2019

Microsoft Corp said on Tuesday its workplace messaging app, Teams, has more than 20 million...

OxyContin maker Purdue Pharma to pay states’ lawyers, urged to help victims

Channel News Asia SG Business - November 20, 2019

OxyContin maker Purdue Pharma LP got court approval on Tuesday to reimburse millions of dollars...

Uber, distracted backup driver cited by NTSB in fatal self-driving crash

Channel News Asia SG Business - November 20, 2019

The U.S. National Transportation Safety Board (NTSB) on Tuesday took Uber to task for what...

Alibaba will raise up to US$12.9 billion in Hong Kong listing: sources

Channel News Asia SG Business - November 20, 2019

Chinese e-commerce giant Alibaba will raise up to US$12.9 billion in its Hong Kong secondary...

Vodafone extends tech partnership with Ryanair

Channel News Asia SG Business - November 20, 2019

Vodafone has secured a seven-year technology partnership with Ryanair to handle services including online booking,...

Uber, distracted backup driver cited by NTSB in fatal self-driving crash

Channel News Asia SG Business - November 20, 2019

A U.S. safety agency on Tuesday faulted Uber for inadequate attention to safety and decisions...

Asia not ‘centre of the world’, needs cooperation with other regions to prog...

Channel News Asia SG Business - November 20, 2019

MEXICO CITY: Asia needs to continue to cooperate with other regions in order for it to...

Australia’s Westpac slapped with 23 million money laundering breaches

Channel News Asia SG Business - November 20, 2019

Australia’s Westpac Banking Corp was accused on Wednesday of 23 million breaches of anti-money laundering...

Hyflux to hold FY2018 AGM by Dec 31

Business Times - November 20, 2019

HYFLUX must hold its FY2018 annual general meeting (AGM) by Dec 31, 2019 and file its...

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