BangkokJack News

SINGAPORE shares opened lower on Friday, with the Straits Times Index down 29.9 points or 1 per cent to 3,081.18 as at 9.04am.

THE following companies saw new developments that could affect trading of their shares on Friday:

PAY attention to the financial markets. If the Great Recession and 2008-09 financial crisis taught us anything, that was it. Until then, the Federal Reserve had focused mainly on fighting inflation and unemployment. What we learned is that overborrowing, shaky mortgages and inflated stock and home prices could also plunge the economy into crisis.

The Cambodian financial markets have welcomed with gusto the first issue of a corporate bond in the country, with a Phnom Penh-based microfinance institution, Hattha Kaksekar, listing its bonds on the Cambodia Securities Exchange (CSX) on Dec 6.

SINGAPORE stocks closed higher on Thursday, with the Straits Times Index up 0.36 per cent or 11.09 points to 3,111.08.

SINGAPORE stocks rose on Thursday afternoon's trading resumption, with the Straits Times Index rising 0.28 per cent or 8.62 points on the day to 3,108.61 as at 1.04pm.

SINGAPORE shares opened higher on Thursday, with the Straits Times Index up 11.08 points or 0.4 per cent to 3,111.07 as at 9.05am.

THE following companies saw new developments that could affect trading of their shares on Thursday:

SINGAPORE stocks closed higher on Wednesday, with the Straits Times Index up 1.33 per cent or 40.71 points to 3,099.99.

SINGAPORE stocks rose on Wednesday afternoon's trading resumption, with the Straits Times Index rising 1.05 per cent or 32.37 points on the day to 3,091.65 as at 1.03pm.

The BBC's Aaron Heslehurst explains how traffic lights became a million dollar idea.

The biggest obstacle to delivery drones isn't technology, it's regulation and public acceptance.

Airport currency exchanges are offering rates as low as $1.05 for a pound

Brexit uncertainty and rising prices in shops are influencing consumers' shopping habits in the run-up to Christmas.

The Committee of Advertising Practice says adverts must not feature harmful gender stereotypes.

The latest test flight by Sir Richard Branson's Virgin Galactic makes it to the edge of space and back.

The European Central Bank confirms it is ending its massive bond-buying programme this month.

Sports Direct's owner Mike Ashley has written a bluntly worded letter to the boss of Debenhams.

The two detentions follow the arrest of a leading Chinese businesswoman in Vancouver.

Football Association chief executive Martin Glenn is to step down at the end of the 2018-19 season.

Google and the UN Economic and Social Commission for Asia and Pacific (Escap) signed a memorandum of understating for a joint research network on artificial intelligence (AI) in Asia-Pacific.

Artificial intelligence (AI) is gaining momentum in the business sector, expected to drive economic growth soon.

The opening of the 54-billion-baht Iconsiam along the Chao Phraya River in southeastern Bangkok was quite the spectacle. In November, the mall spent a whopping 1 billion baht on its grand opening, with a thousand-drone choreographed light show along with world-class ballerinas and copious fireworks.

The government has vowed to promote culture and the local way of life in the upper Northeast in a bid to draw more tourists into the region.

The Loei Provincial Court on Thursday ordered Tungkum, a gold mining company, to pay about 15 million baht in compensation to families affected by its mining activities.

The approval of the first initial coin offering (ICO) portal in Thailand may be delayed until the beginning of next year because the technological system is not ready yet, says the Securities and Exchange Commission (SEC).

The Fiscal Policy Office (FPO) has floated the idea of adding debt burden to the criteria in screening recipients for the government's welfare and subsidy scheme for the poor in an effort to weed out cheats.

A meagre 360,000 of the 11.4 million recipients of the government's welfare and subsidy scheme for the poor are entitled to value-added tax (VAT) payback in the first month after the tax incentive scheme started last month.

Sany Thaiyont Co, an importer and distributor of Chinese construction machinery, expects 2019 revenue to double to 2 billion baht from demand in the construction sector, driven by the government's megaprojects.

SET-listed energy firm PTT Exploration and Production (PTTEP) Plc has won the bid to explore and produce petroleum in both Bongkot and Erawan blocks in the Gulf of Thailand.

SILKAIR, the regional arm of Singapore Airlines (SIA), will be increasing its flight frequency to Cairns, Australia, from the current five flights per week to a daily flight with effect from June 2 next year.

THE following companies saw new developments that could affect trading of their shares on Friday:

THE judicial managers of China Taisan Technology Group Holdings are seeking a further extension of time to report the fabric maker's financials amid difficulties in obtaining key records, according to a filing with the Singapore Exchange (SGX) late Thursday.

SINGAPORE Post (SingPost) announced on Friday that Vincent Phang will be the new CEO of postal services as well as its Singapore head, with effect from April 1, 2019.

SHARES of Sunningdale Tech jumped six cents or 4.29 per cent to S$1.46 on Thursday after activist fund Quarz Capital Management identified the mainboard-listed high-precision plastic components maker as its latest target.

CHINA Environment announced before trading hours on Thursday that it is being investigated by the Accounting and Corporate Regulatory Authority (Acra) for possible offences under the Companies Act.

FOOD and beverage company Del Monte Pacific posted a net profit of US$8.4 million for the second quarter ended Oct 31, a reversal of the loss of US$2.8 million from a year ago on the back of one-off expenses of US$13.1 million related to its underperforming vegetable business.

A SUBSIDIARY of Indonesian nickel mining group Silkroad Nickel has signed a new offtake agreement estimated to be worth more than S$400 million to supply 15 million tonnes of nickel ore over a period of five to eight years to PT Transon Bumindo Resources.

FIRST Ship Lease Trust (FSL Trust) plans to buy two product tankers for a total of US$97.6 million as part of plans to renew its fleet of vessels, the trust said on Thursday before market open.

SHOPPER360 has hired former Facebook Malaysia client partner Matthew Ho to take on the newly created role of group chief executive officer, the Catalist-listed marketing services company announced on Thursday.

TYCOON Oei Hong Leong wants Raffles Education Corporation to hold a shareholders' meeting to vote on terminating the over-S$27 million rights issue meant primarily to repay loans owed to chairman and chief executive Chew Hua Seng.

AMID A DAY of mixed messages on the trade war front, markets chose to focus on Thursday's positive news items to continue an upward trend from the day before.

PAY attention to the financial markets. If the Great Recession and 2008-09 financial crisis taught us anything, that was it. Until then, the Federal Reserve had focused mainly on fighting inflation and unemployment. What we learned is that overborrowing, shaky mortgages and inflated stock and home prices could also plunge the economy into crisis.

THE implementation of Enhanced Auditor Reporting Standards in 2016 has marked a paradigm shift in the way auditor information is presented in financial reports. Standard boilerplate statements have given way to more meaningful disclosures. Yet, auditors can raise the curtain further to give investors a better view of the thinking that feeds into an audit.

ONE of the recent meaningful philanthropic works supported by Singaporeans is a functional screening programme (oral, sight, and hearing) for seniors, with the country facing a "silver wave". It is heartening to see some of these seniors continue to lead active lives even though their eyesight, hearing and oral health may not be as healthy […]

Ms. Dushku told investigators she was written off the hit series ‘Bull’ after enduring sexual harassment on the set. Lawyers scolded CBS for its ‘antiquated’ views.

Canada is in a tricky spot, boxed in the middle between its two largest trading partners, and worried about having to choose sides.

Amazon and Google are aggressively opening offices outside of their Silicon Valley and Seattle hometowns. On Thursday, Apple said it would invest $1 billion in Austin, Tex.

Acolytes of Sophia Amoruso, the founder of Nasty Gal, gathered to learned the secrets of being a “Girlboss.”

The government has finally begun to seriously investigate the market for cryptocurrencies and digital tokens. Expect casualties.

An analysis of inspection records in California, Florida and Texas shows significant numbers of violations related to residents with dementia.

Escalating trade tensions have dragged down stock markets on Wall Street and across much of the world in recent weeks. One place where they have held up? China.

Companies like Facebook, Apple, Amazon, Netflix, Google and Microsoft aren’t the same. Investors shouldn’t act as though they are, our columnist says.

After halting a discredited alcohol study, officials will enforce new policies to ensure that private support does not compromise scientific integrity.

Pour combattre la désinformation et la radicalisation, la France propose l’un des plus grands efforts au monde pour apprendre aux jeunes à identifier les « fake news ».

China has been urged to define the role of the government in its economy, with experts warning that its continued interference is spooking global markets. “When we look at the next round of reforms, the key issue is the correct definition and the role of the government in the economy,” said Mats Harborn, president of […]

It’s amazing that the story that knocked Brexit off the international front pages wasn’t Donald Trump’s impeachment, or that Santa Claus is real, but the arrest of the unknown Sabrina Meng Wanzhou, the chief financial officer of Huawei.  After being been arrested on US fraud allegations in Canada, this rather private businesswoman has had her […]

As the leaders of the world’s two biggest economies sat down to dinner in Buenos Aires on December 1, hopeful of reaching a truce in the months-old trade war, Chinese President Xi Jinping kicked off the talks with a 30-minute monologue, according to American officials there that night. Yet for several days after the meeting, […]

China has stopped requiring local governments to work on the “Made in China 2025” strategy, the latest directive issued by the central Chinese government to local authorities showed, in a clear sign that Beijing is toning down a policy that has become a centrepiece of its rivalry with the US. However, China will continue to […]

Major Hong Kong and mainland China stock indexes rose on Thursday to close higher for a third day in a row, amid signs the US-China trade war is easing and the unveiling of plans by Beijing to reduce the tax burden on innovative industries. In Hong Kong, the Hang Seng Index advanced 1.3 per cent, […]

As the roller-coaster price swings of bitcoin, which has plunged 80 per cent from its peak in December 2017, become a norm, some cryptocurrency traders have shifted their focus to trade “second generation” crypto tokens – security tokens. One of them is digital asset broker OSL which has started trading stable coins, one form of […]

A low-price strategy has proved effective in attracting anxious buyers as a prime residential project generated the strongest sales since October amid a property market correction in Hong Kong. In stark contrast to recent disappointing sales launches, buyers shrugged off the cold weather to snap up the entire first batch of 488 flats on offer […]

The surprise arrest of Huawei Technologies’ Chief Financial Officer Meng Wanzhou is about to impact one of the Chinese company’s suppliers in Japan. Yaskawa Electric, which supplies industrial robots for Huawei’s smartphone and telecom gear factories, saw all orders for its machines put on hold after the arrest, President Hiroshi Ogasawara said in an interview […]

Fosun Tourism Group, which owns the Club Med resort chain, failed to sell more than half of the shares allocated for retail investors in its initial public offering, in yet another sign of weakening demand for new listings in Hong Kong. The company received applications for 6.47 million shares, a mere 30 per cent of […]

The soybean market may have just gotten what it’s been waiting for: signs of larger purchases of US supplies from China. Chinese importers have bought 1.5 million to 2 million metric tonnes of American soy over the past 24 hours, the US Soybean Export Council said, citing industry sources. The shipments are expected to occur […]

Japanese business confidence and capital expenditure plans held steady from three months ago, a closely-watched central bank survey showed, a sign companies weren't significantly worried about escalating trade frictions and global growth concerns.

Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said.

Oil prices climbed more than 2 percent on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought.

Asian shares were on the defensive on Friday as investors kept a wary eye on economic tensions between Washington and Beijing while the euro was steady after the European Central Bank halted new bond purchases as expected.

Nissan Motor Co's board may fail to select a chairman to succeed Carlos Ghosn as had been planned on Dec. 17 after a panel tasked to choose a candidate was unable to agree on a nominee in a meeting held Thursday, the Nikkei reported.

Target Corp , Walmart Inc and toy importer LaRose Industries were sued on Thursday over the sale of lead-contaminated children's toys, New York Attorney General Barbara Underwood said.

General Electric Co on Thursday said its digital unit would sell a majority stake in ServiceMax, a cloud-based provider of software used in inventory and workforce management, to technology-focused private equity firm Silver Lake.

The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift in expectations toward fewer Federal Reserve interest rate rises next year.

The French government is seeking candidates to replace Renault's embattled boss Carlos Ghosn, sources told Reuters, as board members began to voice doubts about keeping him in office following his indictment in Japan for suspected misconduct.

Costco Wholesale Corp's gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry.

"We're now seeing price targets that are above" $420, the "Mad Money" host says.

Merion Capital Group's Richard Farr and CNBC's Rick Santelli discuss Draghi's comments on the potential for quantitative easing being used again in the future and rising inflationary pressures.

Former Wells Fargo Chairman and CEO Richard Kovacevich speaks with CNBC's "Squawk on the Street" team about the financial sector.

CNBC's Sara Eisen sits down with Under Armour's Founder and CEO Kevin Plank and President Patrik Frisk to talk about the company's turnaround plan.

Under Armour Founder and CEO Kevin Plank and President Patrik Frisk sit down with CNBC's Sara Eisen.

Jeff Mortimer, director of investment strategy at BNY Mellon Wealth Management, and Mark Zandi, chief economist at Moody’s Analytics, speak with CNBC's "Squawk on the Street" about a possible economic downturn in the near future.

CNBC's Annette Weisbach joins 'Squawk on the Street' to report the details of ECB President Mario Draghi's news conference.

Today's bell ringers are Natural Gas Services Group with CEO Stephen Taylor at the NYSE and non-profit organization Ceres with CEO Mindy Lubber at the Nasdaq.

CNBC's Jim Cramer reacts in General Electric's upgrade from "underweight" to "neutral" by JP Morgan analyst Stephen Tusa.

CNBC's Rick Santelli reports the latest read on initial jobless claims and import prices. CNBC's Steve Liesman joins to break down the numbers.

Changes are coming at Coca-Cola and not all of them may be good for the soft drink giant, according to UBS analysts who downgraded the shares.

Ringing the opening bell are Natural Gas Services Group with CEO Stephen Taylor at the NYSE and non-profit organization Ceres with CEO Mindy Lubber at the Nasdaq.