Business SG

Honestbee to temporarily suspend Malaysia operations as part of restructuring

Channel News Asia SG Business - July 18, 2019

SINGAPORE: Online grocery and food delivery provider honestbee – which in May stopped its food delivery...

Stocks wobble on trade, earnings anxiety; US Treasury yields fall

Channel News Asia SG Business - July 18, 2019

Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs...

Anglo American’s second-quarter output rises 2per cent, Minas Rio ramps up

Channel News Asia SG Business - July 18, 2019

Miner Anglo American said on Thursday its overall output rose 2per cent in the second...

Volvo Cars to cut costs as trade war dents profits

Channel News Asia SG Business - July 18, 2019

Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns (US$214...

Britain’s easyJet hires Ryanair’s operations chief

Channel News Asia SG Business - July 18, 2019

Britain’s easyJet on Thursday said it would hire Peter Bellew as its chief operating officer...

Danske Bank second-quarter pre-tax profit hit by costs, low interest rates

Channel News Asia SG Business - July 18, 2019

Danske Bank’s second-quarter pretax profit came in below expectations on Thursday hit by low interest...

Police need intercept tools as mobile networks develop: Europol

Channel News Asia SG Business - July 18, 2019

THE HAGUE: European law enforcement agencies set to lose the ability to tap criminals’ mobile...

Truckmaker Volvo beats expectations, picks Samsung for batteries

Channel News Asia SG Business - July 18, 2019

Sweden’s AB Volvo inched up its market growth outlook for North America and Europe, as...

Novartis raises 2019 guidance, helped by Sandoz generics unit

Channel News Asia SG Business - July 18, 2019

Novartis lifted full-year sales and profit targets on Thursday, helped by innovative medicine sales and...

Accountants have critical role in helping businesses fight cybercrime: Josephine...

Channel News Asia SG Business - July 18, 2019

SINGAPORE: Accountants can step beyond their traditional roles and help businesses fight cybercrime, said Second...

SoftBank’s Masayoshi Son says Japan lacks investment opportunities, is AI ...

Channel News Asia SG Business - July 18, 2019

SoftBank Group Corp founder and Chief Executive Masayoshi Son said on Thursday that there is...

Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes –...

Channel News Asia SG Business - July 18, 2019

Lufax, one of China’s largest online wealth management platforms that is backed by financial giant...

Refile: Netflix to roll out cheaper mobile-only plan for India

Channel News Asia SG Business - July 18, 2019

Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India,...

Defence lawyers question estimated losses from departure of Prudential agents

Business Times - July 18, 2019

DEFENCE lawyers on Thursday questioned expert estimates of the future profits lost by Prudential Assurance...

FAQ: How worried should we be about the health risks of 5G?

Channel News Asia SG Business - July 18, 2019

SINGAPORE: By 2020, Singapore could see super-fast, more reliable wireless communication with the planned rollout of 5G...

Asian stocks wobble, bond yields fall on earnings woes, trade worries

Channel News Asia SG Business - July 18, 2019

Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs...

Crude futures fall after strong build in US oil products stocks

Channel News Asia SG Business - July 18, 2019

Oil prices fell on Thursday, extending declines into a fourth day, after official data showed...

Australian property firm LendLease lands US$15 billion deal with Google

Channel News Asia SG Business - July 18, 2019

Australian construction firm LendLease Group on Thursday said it has secured a contract from Alphabet...

Cloud growth fuels IBM profit beat

Channel News Asia SG Business - July 18, 2019

REUTERS: International Business Machines Corp beat analysts’ estimates for second-quarter profit on Wednesday, propped up...

Netflix shares plunge as global growth falls short, US customers shrink

Channel News Asia SG Business - July 18, 2019

Netflix Inc added fewer paid subscribers than expected in the second quarter as the video...

Commentary: Cryptocurrency land has become an unregulated casino

Channel News Asia SG Business - July 18, 2019

Some of the biggest crypto players may be openly involved in illegal activities, says New...

EBay beats estimates as more shoppers flock to site, shares rise

Channel News Asia SG Business - July 18, 2019

EBay Inc beat Wall Street estimates for quarterly revenue on Wednesday, as a multi-year effort...

Venezuela’s debts to China, Russia would be restructured: Guaido advisor

Channel News Asia SG Business - July 18, 2019

GUAYAQUIL, Ecuador: Loans to Venezuela from President Nicolas Maduro’s allies Russia and China would be...

Wall Street stocks retreat as industrials tumble

Channel News Asia SG Business - July 18, 2019

NEW YORK: Wall Street stocks retreated on Wednesday (Jul 17), with industrial companies especially weak as...

Global drone market estimated to reach US$14 billion over next decade – study

Channel News Asia SG Business - July 18, 2019

The worldwide non-military drone market, dominated by manufacturers in China, will triple in size to...

Boeing to make US$50 million in payments to 737 MAX crash victims’ families

Channel News Asia SG Business - July 18, 2019

Boeing Co said on Wednesday it will dedicate half of a US$100 million fund it...

Qualcomm set to face second EU antitrust fine shortly: sources

Channel News Asia SG Business - July 18, 2019

Qualcomm , the world’s no.1 chipmaker, could be hit with a second EU antitrust fine...

Pelosi says she would like to have US debt limit proposal on House floor by Jul ...

Channel News Asia SG Business - July 18, 2019

WASHINGTON: US House of Representatives Speaker Nancy Pelosi said on Wednesday (Jul 17) she would like...

Netflix to roll out cheaper mobile-only plan in India

Channel News Asia SG Business - July 18, 2019

Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India,...

Japan to lead development of SWIFT network for cryptocurrency – source

Channel News Asia SG Business - July 18, 2019

Japan’s government is leading a global push to set up an international network for cryptocurrency...

‘The Dish’ still beaming signals from Australia 50 years after moon walk

Channel News Asia SG Business - July 18, 2019

It’s known as “The Dish” and it soars above a nondescript paddock in rural Australia....

How much petrol can the average Singaporean afford?

SG Business Review - July 18, 2019

Submitted By:  Luz Wendy Noble Case Study:  No He can buy more than an average...

TT International investor to inject S$48m via convertible loan

Business Times - July 18, 2019

TT INTERNATIONAL said on Thursday that Seychelles-incorporated firm Celestial Palace, the purchaser of shares in...

Singapore to invest $400m in revamping drainage systems

SG Business Review - July 18, 2019

Submitted By:  Luz Wendy Noble Case Study:  No This is expected to mitigate flooding and...

Cromwell EREIT buys three assets in France for $122.7m

SG Business Review - July 18, 2019

Submitted By:  Nathanielle Punay Case Study:  No Its portfolio now comprises about 100 properties across...

Sembcorp Marine queried over ‘unusual’ share price movement

SG Business Review - July 18, 2019

Submitted By:  Staff Reporter Case Study:  No More than 21 million shares of Sembcorp Marine...

Cromwell E-Reit completes 80.3m euro purchase of 3 French office properties

Business Times - July 18, 2019

CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) has completed the acquisition of three freehold...

2.8 million cyberthreats plagued Singapore servers in Q2: report

SG Business Review - July 18, 2019

Submitted By:  Staff Reporter Case Study:  No It’s the 11th largest source of cyberthreats in...

Revamp works to weigh on CapitaLand Commercial Trust’s income

SG Business Review - July 18, 2019

Submitted By:  Arianna Danganan Case Study:  No It could lose $23m-$25m of income if 21...

Higher renewed rents could uplift Keppel REIT

SG Business Review - July 18, 2019

Submitted By:  Luz Wendy Noble Case Study:  No Its Singapore portfolio also enjoys a committed...

104-year-old mid-rise Leshan Gardens up for sale

SG Business Review - July 18, 2019

Submitted By:  Danielle Isaac Case Study:  No There is potential for 50 new residential units...

CapitaLand Commercial Trust’s $220m private placement five times oversubscribed

SG Business Review - July 18, 2019

Submitted By:  Luz Wendy Noble Case Study:  No The new units will start trading on...

Singapore Life partners DBS to roll out QR code payable premiums

SG Business Review - July 18, 2019

Submitted By:  Arianna Danganan Case Study:  No More than $11m of premiums have been remitted...

UOB to issue A$500m 3-year senior unsecured floating-rate notes

Business Times - July 18, 2019

THE Sydney branch of United Overseas Bank (UOB) expects to issue its A$500 million (S$477...

Waste management firm Sen Yue eyes smelting business with S$4m plant

Business Times - July 18, 2019

CATALIST-LISTED Sen Yue is planning to set up a smelting facility in Singapore that will...

COE prices close with mixed results in latest bidding exercise

SG Business Review - July 18, 2019

Submitted By:  Arianna Danganan Case Study:  No The prices of category E vehicles saw the...

Daily Markets Briefing: STI up 0.14%

SG Business Review - July 18, 2019

Submitted By:  Staff Reporter Case Study:  No DBS led the gains as it rose 1.04%....

Chart of the Day: Factory tenancies climbed 2% YoY to 1,635 units

SG Business Review - July 18, 2019

Submitted By:  Nathanielle Punay Case Study:  No But demand is expected to remain soft brought...

Daily Briefing: WeWork to take over lease of HSBC building in Collyer Quay;Trave...

SG Business Review - July 18, 2019

Submitted By:  Staff Reporter Case Study:  No And residential development Sophia View marked as the...

CCT’s S$220m private placement at S$2.095 per unit 5 times subscribed

Business Times - July 18, 2019

CAPITALAND Commercial Trust (CCT) has fixed the issue price of its S$220 million private placement...

SembMarine shares jump 7.9% on heavy volume, sparking SGX query

Business Times - July 18, 2019

SHARES of Sembcorp Marine (SembMarine) surged amid active trading on Wednesday afternoon, drawing a query...

Negotiators working hard on US-Japan trade deal: Japanese official

Channel News Asia SG Business - July 18, 2019

WASHINGTON: US and Japanese officials are working hard to reach agreement on a bilateral trade agreement,...

The future’s bright for SGX’s rubber derivatives

Business Times - July 18, 2019

THERE is an unmistakable bounce on the derivatives corner of the Singapore Exchange which has...

Hyflux: S$535m rescue deal is Utico’s valuation; deal still on the table

Business Times - July 18, 2019

HYFLUX said on Wednesday that it has sought clarification from potential white knight Utico regarding...

Maxi-Cash to issue new S$50m 6.35% three-year notes at par

Business Times - July 18, 2019

MAXI-CASH Financial Services expects to issue new S$50 million 6.35 per cent three-year notes on...

CCT acquires second property in Frankfurt

Business Times - July 18, 2019

CAPITALAND Commercial Trust (CCT) continues to deepen its presence in Frankfurt with the acquisition of...

Market unfazed by exports slump

Business Times - July 18, 2019

JUDGING from Singapore’s non-oil domestic exports reading for June, the global tech manufacturing slowdown is...

STI stocks expected to hand out 7.9% more in dividends for 2019

Business Times - July 18, 2019

CONSTITUENTS of the FTSE Straits Times Index (STI) are projected to pay out 7.9 per...

US Fed sees ‘modest’ growth despite ‘widespread’ trade fears

Channel News Asia SG Business - July 18, 2019

WASHINGTON: Fears President Donald Trump’s trade wars will harm the economy are pervasive but for now...

Smaller cryptocurrencies feel pain as criticism of Facebook’s Libra grows

Channel News Asia SG Business - July 18, 2019

Bitcoin hasn’t been the only casualty of the backlash by the world’s major economic powers...

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