Business SG

Silicon Valley startup incubator Y Combinator closing China unit

Channel News Asia SG Business - November 22, 2019

Wall Street muted on doubts over progress in US-China trade deal

Channel News Asia SG Business - November 22, 2019

Silicon Valley startup incubator Y Combinator closing China unit

Channel News Asia SG Business - November 22, 2019

REUTERS: Y Combinator, a Silicon Valley incubator of start-ups, said on Thursday it would close...

Wall Street muted on doubts over progress in US-China trade deal

Channel News Asia SG Business - November 22, 2019

Wall Street’s main indexes fell on Thursday after conflicting headlines on U.S.-China trade relations and...

15 US senators urge Trump administration to halt Huawei licence approvals

Channel News Asia SG Business - November 22, 2019

A bipartisan group of 15 U.S. senators urged the Commerce Department to suspend issuing licenses...

Swiss software group Avaloq hires banks for 2020 sale or IPO – sources

Channel News Asia SG Business - November 22, 2019

ZURICH/FRANKFURT: Private equity group Warburg Pincus is working with Goldman Sachs and Barclays on the...

15 US senators urge Trump administration to halt Huawei license approvals

Channel News Asia SG Business - November 22, 2019

A bipartisan group of 15 U.S. senators urged the Commerce Department to suspend issuing licenses...

Portugal police march for better wages

Channel News Asia SG Business - November 22, 2019

LISBON: Thousands of Portuguese police officers on Thursday (Nov 21) marched through Lisbon to demand...

Former Twitter worker accused of spying for Saudi Arabia can be released on bond

Channel News Asia SG Business - November 22, 2019

SAN FRANCISCO: A former Twitter Inc employee accused of spying for Saudi Arabia may be...

United Auto Workers union to name new president as US corruption probe widens

Channel News Asia SG Business - November 22, 2019

The United Auto Workers union international executive board will meet to name a new president,...

WeWork to lay off 2,400 workers worldwide

Channel News Asia SG Business - November 22, 2019

WASHINGTON: Embattled office sharing startup WeWork will lay off 2,400 employees worldwide as the it struggles...

Pot stocks soar as US House committee clears bill on federal weed legalization

Channel News Asia SG Business - November 22, 2019

Shares of marijuana companies rose on Thursday after a U.S. congressional committee passed a legislation...

Macy’s cut profit outlook after weak quarter; confident for holiday

Channel News Asia SG Business - November 22, 2019

Macy’s Inc cut its annual profit forecast for the second time this year on Thursday,...

US labour market slowing as manufacturing mired in weakness

Channel News Asia SG Business - November 22, 2019

The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month...

Xerox threatens to take HP bid hostile

Channel News Asia SG Business - November 22, 2019

Xerox Corp on Thursday threatened to take its US$33.5 billion buyout bid for HP Inc...

McDonald’s employees in Chicago sue over workplace violence

Channel News Asia SG Business - November 22, 2019

McDonald’s Corp employees on Thursday sued the fast food giant and several of its franchisees...

GM’s electric pickup truck to go on sale fall 2021: CEO

Channel News Asia SG Business - November 22, 2019

General Motors Co’s first electric pickup truck model will go on sale in the fall...

Schwab-TD Ameritrade deal shows Trump rule-easing boon for financial M&A

Channel News Asia SG Business - November 22, 2019

A possible purchase by brokerage giant Charles Schwab Corp. of rival TD Ameritrade reflects a...

US grants final approval for expanded Delta, Air France, Virgin, KLM JV

Channel News Asia SG Business - November 22, 2019

U.S. Transportation Secretary Elaine Chao on Thursday granted final approval for an expanded trans-Atlantic joint...

Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end

Channel News Asia SG Business - November 22, 2019

Fiat Chrysler (FCA) on Thursday brushed off a shock lawsuit from General Motors (GM) and...

Trump wants Apple to be involved in 5G infrastructure building in US

Channel News Asia SG Business - November 22, 2019

REUTERS: U.S. President Donald Trump said on Thursday he had asked Apple Inc Chief Executive...

Saudi Aramco IPO’s institutional tranche oversubscribed: source

Channel News Asia SG Business - November 22, 2019

The institutional tranche of Saudi Aramco’s initial public offering (IPO) has received more than 64...

Xerox threatens to launch hostile bid for HP Inc

Channel News Asia SG Business - November 22, 2019

Xerox Corp on Thursday threatened to go hostile with its US$33.5 billion buyout bid for...

Exxon steps up assets sales with sweeping US$25 billion plan

Channel News Asia SG Business - November 22, 2019

Exxon Mobil is accelerating its biggest asset sales in decades with plans to divest up...

Wall Street opens flat after conflicting signals on trade

Channel News Asia SG Business - November 22, 2019

U.S. stock index futures were slightly lower on Thursday, as mixed signals on trade and...

Swiss ABB robots photographed in North Korean factory: NK News

Channel News Asia SG Business - November 22, 2019

Swiss engineering firm ABB said on Thursday it had upheld international sanctions on North Korea...

US labor market slowing; manufacturing mired in weakness

Channel News Asia SG Business - November 22, 2019

The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month...

Macy’s cuts forecast ahead of holiday season after gloomy quarter

Channel News Asia SG Business - November 22, 2019

Macy’s Inc cut its annual profit forecast for the second time this year on Thursday,...

Trump wants Apple to be involved in 5G infrastructure building in US

Channel News Asia SG Business - November 22, 2019

REUTERS: U.S. President Donald Trump said on Thursday he had asked Apple Inc Chief Executive...

Daimler brings SUV to luxury Maybach brand’s portfolio

Channel News Asia SG Business - November 22, 2019

Daimler plans to sell luxury Maybach brand’s first sport-utility vehicle, its China chief executive, Hubertus...

British Airways says technical issues delay some flights

Channel News Asia SG Business - November 22, 2019

British Airways said some flights were delayed on Thursday (Nov 21) due to an unspecified...

Tesla picks a fight with Detroit by going after the pickup market

Channel News Asia SG Business - November 22, 2019

Tesla Inc Chief Executive Elon Musk has talked for years about building an electric pickup...

Trump administration to miss 2019 target for Alaska refuge oil lease sale: Offic...

Channel News Asia SG Business - November 22, 2019

The Trump administration will miss its target of holding the first-ever oil drilling lease sale...

Little cheer for Beaujolais Nouveau as US tariffs guzzle profits

Channel News Asia SG Business - November 22, 2019

Beaujolais Nouveau wine lovers made merry as this year’s first bottles were uncorked, but producers...

Boeing has settled more than half of Lion Air crash lawsuits: lawyer

Channel News Asia SG Business - November 22, 2019

Boeing Co has settled or is close to settling around 63 or 64 of some...

Mapletree Logistics Trust bags first S$200m sustainability-linked loan

Business Times - November 21, 2019

MAPLETREE Logistics Trust (MLT) has made its first move into sustainable financing with a S$200...

Jumbo’s Taiwan JV incorporated, to ramp up operational efficiency

Business Times - November 21, 2019

JUMBO Group’s indirect wholly-owned unit Jumbo F&B Services (JFB) has signed an 80:20 joint venture...

Goldman Sachs CEO says ‘no gender bias’ in Apple Card

Channel News Asia SG Business - November 21, 2019

Goldman Sachs chief executive David Solomon on Thursday denied allegations of gender discrimination against an...

OPEC+ likely to extend oil supply cuts until June: Sources

Channel News Asia SG Business - November 21, 2019

OPEC and its allies are likely to extend existing oil output cuts when they meet...

Charles Schwab in talks to buy smaller rival TD Ameritrade: CNBC

Channel News Asia SG Business - November 21, 2019

Charles Schwab Corp , the largest U.S. discount brokerage, is in talks to buy smaller...

VW sees mild growth for China auto market over next three to four years

Channel News Asia SG Business - November 21, 2019

Volkswagen AG , the top foreign automaker in China, said on Thursday it expects the...

Germany fines BMW, Daimler, Volkswagen for forming steel cartel

Channel News Asia SG Business - November 21, 2019

Germany’s cartel authority said on Thursday it was fining the country’s three major carmakers –...

China invites US trade negotiators for new round of talks: WSJ

Channel News Asia SG Business - November 21, 2019

China has invited top U.S. trade negotiators for a new round of face-to-face talks in...

OECD sees global growth at decade-low, blames governments’ indecision

Channel News Asia SG Business - November 21, 2019

The global economy is growing at the slowest pace since the financial crisis as governments...

Jaguar Land Rover chief wants alliances, not a merger

Channel News Asia SG Business - November 21, 2019

Luxury automaker Jaguar Land Rover’s chief executive told Reuters he is open to more alliances...

Fiat Chrysler to recall nearly 700,000 SUVs for electrical fault risk

Channel News Asia SG Business - November 21, 2019

Fiat Chrysler Automobiles NV said on Thursday it will recall nearly 700,000 sport utility vehicles...

Panasonic to stop LCD panel production

Channel News Asia SG Business - November 21, 2019

Japanese electronics titan Panasonic said Thursday it would end its production of liquid crystal display...

Singapore’s Carousell valued at more than S$1 billion on merger with Telen...

Channel News Asia SG Business - November 21, 2019

SINGAPORE: Online classifieds business Carousell said it has agreed to merge with a subsidiary of...

De Beers Namibian diamond venture seeks tax breaks to extend operations

Channel News Asia SG Business - November 21, 2019

Namdeb, a joint venture between the Namibian government and Anglo American’s diamond unit De Beers...

BMW orders more than 10 billion euros’ worth of battery cells

Channel News Asia SG Business - November 21, 2019

German carmaker BMW on Thursday said it had ordered more than 10 billion euros’ (US$11.07...

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks

Channel News Asia SG Business - November 21, 2019

Alibaba will pay its investment banking syndicate up to US$32.3 million for leading its Hong...

BMW orders more than US$11 billion worth of battery cells

Channel News Asia SG Business - November 21, 2019

German carmaker BMW on Thursday (Nov 21) said it had ordered more than €10 billion (US$11.07...

GM lawsuit won’t torpedo Fiat Chrysler merger with Peugeot: source

Channel News Asia SG Business - November 21, 2019

Fiat Chrysler on Thursday said its talks with Peugeot to create the fourth-largest carmaker are...

Exclusive: German exports to United States jump despite trade tensions

Channel News Asia SG Business - November 21, 2019

Strong German exports to the United States helped Europe’s largest economy to avoid a recession...

Sanofi weighing options for consumer healthcare unit: sources

Channel News Asia SG Business - November 21, 2019

Sanofi is considering a joint venture or outright sale among options for its consumer healthcare...

BMW orders more than 10 billion euros’ worth of battery cells

Channel News Asia SG Business - November 21, 2019

German carmaker BMW on Thursday said it had ordered more than 10 billion euros’ (US$11.07...

Google, Facebook business models threat to rights: Amnesty report

Channel News Asia SG Business - November 21, 2019

SAN FRANCISCO: The data-collection business model fueling Facebook and Google represents a threat to human rights...

Factbox: How social media services handle political ads

Channel News Asia SG Business - November 21, 2019

SAN FRANCISCO: Online platforms including Facebook and Alphabet’s Google face growing pressure to stop carrying...

Alibaba, Aramco share sale bonanza fails to deliver banks fee windfall

Channel News Asia SG Business - November 21, 2019

HONG KONG: A late-year rush of giant global share sales led by Alibaba’s US$13 billion Hong...

Johnson & Johnson loses pelvic mesh implant lawsuit in Australia, agrees to ...

Channel News Asia SG Business - November 21, 2019

More than 1,350 Australian women won a seven-year-old class action lawsuit on Thursday against Johnson...

Apple, Intel file antitrust case against SoftBank-owned firm over patent practic...

Channel News Asia SG Business - November 21, 2019

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Softbank Group Corp-owned...

SoftBank sounds out Japan’s top banks on US$2.8 billion loan, sources say

Channel News Asia SG Business - November 21, 2019

SoftBank Group Corp is sounding out Japan’s top three banks to borrow around €300 billion...

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