Business SG

Singapore secured about S$13 billion in investment commitments in first 4 months...

Channel News Asia SG Business - May 30, 2020

SINGAPORE: Despite the COVID-19 outbreak, the Economic Development Board (EDB) has in the first four months...

Tencent in talks to buy Warner Music stake – WSJ

Channel News Asia SG Business - May 30, 2020

REUTERS: Chinese internet giant Tencent Holdings Ltd is in talks to invest US$200 million (162.5...

Commentary: Why we can’t resist splurging on online shopping

Channel News Asia SG Business - May 30, 2020

Beyond most people spending more time at home, there are a range of psychological factors...

Google postpones Android 11 unveiling amid US protests

Channel News Asia SG Business - May 30, 2020

Alphabet Inc’s Google on Saturday said it has postponed next week’s planned unveiling of the...

US pipeline operator Energy Transfer warns of coming job cuts

Channel News Asia SG Business - May 30, 2020

U.S. pipeline operator Energy Transfer LP will begin cutting about 6per cent of its workforce...

Exclusive: Zoom plans to roll out strong encryption for paying customers

Channel News Asia SG Business - May 30, 2020

Zoom , the video conferencing provider whose business has boomed with the COVID-19 pandemic, plans...

Senator Cruz seeks federal Twitter probe as Trump feuds with company

Channel News Asia SG Business - May 30, 2020

U.S. Senator Ted Cruz on Friday urged the Treasury and Justice Departments to investigate whether...

Sale of shut Philly refinery to real estate developer delayed

Channel News Asia SG Business - May 30, 2020

The closing of a US$252 million sale of the Philadelphia Energy Solutions (PES) oil refinery...

US stocks end mostly up despite bad data, China tensions

Channel News Asia SG Business - May 30, 2020

Wall Street stocks finished a volatile session mostly higher on Friday (May 29) after newly...

Southwest Airlines CEO sees low-fare environment when traffic returns

Channel News Asia SG Business - May 30, 2020

Southwest Airlines Co Chief Executive Officer Gary Kelly said on Friday he expects a “brutal...

UN agency task force urges uniform approach to flying during coronavirus

Channel News Asia SG Business - May 30, 2020

A United Nations aviation-led task force is urging airlines, airports and countries to come up...

Preliminary agreement reached in Lufthansa bailout row: Source

Channel News Asia SG Business - May 30, 2020

Germany and Brussels have reached a preliminary agreement in the ongoing row over the €9...

United Airlines cutting 13 top jobs, adding international flights in July

Channel News Asia SG Business - May 30, 2020

United Airlines Holdings Inc said on Friday it will be eliminating 13 officer positions as...

US senators urge probe of TikTok on children’s privacy

Channel News Asia SG Business - May 30, 2020

Four US senators, including a China hawk, urged the Federal Trade Commission on Friday to...

ThaiBev dismisses media reports it plans to sell Vietnam businesses

Business Times - May 30, 2020

THAI Beverage Public Co (ThaiBev) has dismissed reports it is seeking a buyer for its...

Broadway shares jump 24.5% in intra-day trading on proposal to sell hard disk bu...

Business Times - May 30, 2020

SHARES of Broadway Industrial Group surged 24.5 per cent on Friday after the company announced...

Global economic recovery likely to be swift, but stock markets might have run to...

Business Times - May 30, 2020

AS lockdowns are lifted and restrictions to curb Covid-19 are eased, global economic activity is...

Singapore stocks end Friday on a mixed note

Business Times - May 30, 2020

SINGAPORE stocks ended the holiday-shortened week on a mixed note, amid concerns about US-China tensions...

CapitaLand to deploy disinfection technology in malls

Business Times - May 30, 2020

CAPITALAND will deploy tech solutions such as disinfecting robots and air disinfection systems at its...

Ascott Residence Trust sets precedent in skipping first call on perpetual

Business Times - May 30, 2020

ASCOTT Residence Trust (ART) will not be redeeming its S$250 million, 4.68 per cent perpetual...

Singapore’s market cap eases marginal 0.3% in May

Business Times - May 30, 2020

WITH March’s horrendous rout in its rear-view mirror, the Singapore bourse went on to stabilise...

Endofotonics raises S$12m in Series B funding, led by Singapore Medical Group

Business Times - May 30, 2020

CANCER diagnostic company Endofotonics on Friday said it has raised S$12 million in a Series...

Twitter, internet group oppose US rules requiring visitors to disclose social me...

Channel News Asia SG Business - May 30, 2020

Twitter Inc, Reddit and a group representing major internet firms backed two documentary film groups...

Wells Fargo reveals new risk management structure

Channel News Asia SG Business - May 30, 2020

Wells Fargo & Co appointed Kevin Reen as chief risk officer (CRO) for its consumer...

China’s Kunlun says U.S approves sale of Grindr to investor group

Channel News Asia SG Business - May 30, 2020

REUTERS: Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S....

Coronavirus sinks US consumer spending; savings hit record high

Channel News Asia SG Business - May 30, 2020

U.S. consumers cut spending by the most on record for the second straight month in...

Britain pushing US to form 5G club of nations to cut out Huawei

Channel News Asia SG Business - May 30, 2020

Britain said Friday it was pushing the United States to form a club of 10...

Coffee maker JDE Peet’s IPO wrapped up in just 72 hours: Sources

Channel News Asia SG Business - May 30, 2020

It took just three days to sell shares in JDE Peet’s as investors facing a...

Hyflux says deal with Utico has ‘ceased’; studying revised offer and pursuin...

Channel News Asia SG Business - May 30, 2020

SINGAPORE: Hyflux’s high-profile debt restructuring seems to be hanging in the balance again after it...

Tencent in talks to buy Warner Music stake: WSJ

Channel News Asia SG Business - May 30, 2020

Chinese internet giant Tencent Holdings Ltd is in discussions to invest US$200 million in Warner...

Morgan Stanley plans June return of some traders to New York headquarters: CNBC

Channel News Asia SG Business - May 30, 2020

Morgan Stanley is planning to start getting some traders to return to its New York...

S&P 500 up in choppy action after Trump comments on China

Channel News Asia SG Business - May 30, 2020

Wall Street’s main indexes fell on Friday as investors were on edge ahead of a...

Lyft violates Washington DC sick day law during pandemic, lawsuit claims

Channel News Asia SG Business - May 30, 2020

Lyft Inc was sued on Friday by a former driver who accused the ride-sharing company...

Renault factory worker spared layoffs – for now

Channel News Asia SG Business - May 30, 2020

Giovanni Pili, a worker at a Renault factory in France, was on Friday savoring the...

Uber launches hourly ride booking option in some US cities

Channel News Asia SG Business - May 30, 2020

Uber Technologies Inc on Friday said it would offer rides by the hour in some...

OPEC delivers three quarters of record oil cut in May: Survey

Channel News Asia SG Business - May 30, 2020

OPEC oil output hit the lowest in two decades in May as Saudi Arabia and...

Exclusive: Brazil’s Embraer draws foreign interest after Boeing rift – sources

Channel News Asia SG Business - May 30, 2020

Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial...

S&P 500, Dow dip on jitters over Trump’s China response

Channel News Asia SG Business - May 30, 2020

U.S. stock futures dropped on Friday as investors braced for President Donald Trump’s response to...

US consumer spending tanks; savings hit record high

Channel News Asia SG Business - May 30, 2020

US consumers cut spending by the most on record for the second straight month in...

Ryanair’s Lauda airline shuts down Vienna base

Channel News Asia SG Business - May 30, 2020

Ryanair’s Austrian carrier Lauda said on Friday it was closing down its Vienna base after...

Singapore and China to launch ‘fast lane’ for essential travel in early June

Business Times - May 29, 2020

SINGAPORE and China have agreed to implement a “fast lane” arrangement in early June to...

Hyflux in talks with Utico, exploring options, including Aqua Munda

Business Times - May 29, 2020

BELEAGUERED water-treatment firm Hyflux said that it continues to be in discussions with Utico, following...

Lenders not seeking immediate repayment for covenant breach: Zheneng Jinjiang

Business Times - May 29, 2020

ZHENENG Jinjiang Environment has not received any request for accelerated repayments on a 2018 loan,...

Golden Energy’s head of finance and reporting resigns

Business Times - May 29, 2020

THE head of finance and reporting at Golden Energy and Resources (Gear), Jill Tan, resigned...

ThaiBev refutes media reports on plans to sell Vietnam businesses

Business Times - May 29, 2020

THAI Beverage Public Co (ThaiBev) is disputing news reports that it is seeking a buyer...

German official sees Lufthansa bailout in reach, demands fairness

Channel News Asia SG Business - May 29, 2020

The Berlin government is likely to reach a deal with Brussels on a US$10 billion...

Renault to restructure French factories in bid to slash costs

Channel News Asia SG Business - May 29, 2020

French carmaker Renault said on Friday it was launching talks with unions to reorganise and...

Exclusive: Russia’s Rosneft finds extended oil cuts painful – sources

Channel News Asia SG Business - May 29, 2020

Rosneft does not have enough crude to ship to buyers with which it has long-term...

Softbank-backed Coupang under scrutiny after South Korea warehouse virus outbrea...

Channel News Asia SG Business - May 29, 2020

Deluged with online orders as the coronavirus epidemic swept South Korea, e-commerce giant Coupang opened...

China to restrict expansion of solar equipment producers

Channel News Asia SG Business - May 29, 2020

China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in...

SoftBank leads US$500 million fundraising for Didi’s self-driving unit

Channel News Asia SG Business - May 29, 2020

China’s Didi Chuxing said on Friday it had completed a fundraising round of over US$500...

Volkswagen pumps 2 billion euros into China electric vehicle bet

Channel News Asia SG Business - May 29, 2020

Volkswagen AG plans to boost its electric push in China, the world’s biggest auto market,...

Twitter says CEO Dorsey informed in advance of decision to tag Trump tweet

Channel News Asia SG Business - May 29, 2020

Twitter CEO Jack Dorsey was informed in advance by the company’s staff of a decision...

Futures hit by Sino-US tensions at the end of strong month

Channel News Asia SG Business - May 29, 2020

U.S. stock futures dropped on Friday as investors braced for President Donald Trump’s response to...

Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopen...

Channel News Asia SG Business - May 29, 2020

Investors are taking a closer look at the market’s consumer discretionary companies as a reopening...

US Asians, harassed over coronavirus, push back on streets, social media

Channel News Asia SG Business - May 29, 2020

NEW YORK: A spike in harassment of Asian-Americans since the coronavirus pandemic began has led...

Twitter hides Donald Trump tweet about Minneapolis protests for ‘glorifyin...

Channel News Asia SG Business - May 29, 2020

WASHINGTON: Twitter hid a tweet from President Donald Trump on Friday (May 29), accusing him...

KrisEnergy seeks to extend court protection till August

Business Times - May 29, 2020

UPSTREAM oil-and-gas firm KrisEnergy has applied for a third extension of its debt moratorium to...

Burpple merchants join ComfortDelGro’s food delivery platform

Business Times - May 29, 2020

COMFORTDELGRO taxi drivers will now deliver food from restaurants listed on food-discovery app Burpple....

TT International gets court approval to extend scheme deadline to Aug 14

Business Times - May 29, 2020

MAINBOARD-LISTED TT International has received approval from the court to extend the long-stop date for...