
Asia Markets Stocks and Shares
- Upcoming figures for home sales, durable goods under scrutiny February 17, 2019US STOCKS rose for the eighth straight week as optimism about a grand bargain between the US and China and consistently low Treasury yields offset surprisingly weak economic data.Rob Curran
- Creative tumbles 10% after net loss widens February 15, 2019SHARES in Creative Technology fell by more than 10 per cent on Friday, after the company on Thursday night announced that it had sunk deeper into the red for its second quarter.Claudia Chong
- Creative tumbles 10% after net loss widens February 15, 2019SHARES in Creative Technology fell by more than 10 per cent on Friday, after the company on Thursday night announced that it had sunk deeper into the red for its second quarter.Rachel Mui
- Scant cheer from market data and trade talks; STI slips 0.41% February 15, 2019FRIDAY was a day of bad news for markets, amid weak data from the two largest economies and reports that their negotiators were struggling to compromise on key issues in Beijing.Leila Lai
- Singapore stocks end lower on Friday February 15, 2019SINGAPORE stocks closed lower on Friday, with the Straits Times Index down 0.41 per cent or 13.42 points to 3,239.74.Leila Lai
- Singapore stocks: STI resumes Friday afternoon at 3,239.68, down 0.4% on day February 15, 2019SINGAPORE stocks fell on Friday afternoon's trading resumption, with the Straits Times Index losing 0.41 per cent or 13.48 points on the day to 3,239.68 as at 1.03pm.Leila Lai
- Brokers' take: OCBC, DBS downgrade StarHub to 'sell' and 'hold' respectively, RHB maintains 'neutral' February 15, 2019OCBC Investment Research has downgraded its rating on StarHub from "hold" to "sell", on the back of a deep dividend cut and an earnings slip.Rachel Mui
- Singapore shares open lower on Friday, STI down 0.16% to 3,247.96 February 15, 2019SINGAPORE shares open lower on Friday, with the Straits Times Index losing 5.2 points, or 0.16 per cent to 3,247.96 as at 9.04am.Rachel Mui
- Stocks to watch: Singtel, StarHub, SIA, Creative, ThaiBev, Addvalue Tech February 15, 2019THE following companies saw new developments that may affect trading of their shares on Friday:Lynette Tan
- Singapore shares close higher on Thursday February 14, 2019SINGAPORE stocks closed higher on Thursday, with the Straits Times Index up 0.26 per cent or 8.39 points to 3,253.16.Leila Lai
BBC Market Watch
- Porsche warns UK customers of Brexit price rise February 17, 2019The German carmaker asks new UK customers to agree a possible 10% price rise for post-Brexit deliveries.
- Passengers seek flights after Flybmi ceases operations February 17, 2019Travellers tell the BBC they cannot get home after the UK regional airline went into administration.
- Pension contribution hike to hit pay packets February 17, 2019The potential impact on workers with auto-enrolled pensions is "quite substantial", says an expert.
- How Lidl learnt to be less German in the UK February 17, 2019Ronny Gottschlich, the former boss of Lidl, explains how the German discounter grew in the UK.
- Quadriga: The cryptocurrency exchange that lost $135m February 17, 2019When Quadriga's founder died he left behind a mystery: what happened to millions in cryptocurrency?
- Chancellor Philip Hammond's visit to China not going ahead February 16, 2019It comes amid reports a speech by the UK's defence secretary has caused upset in China.
- 'Killer car seats' sold online for £8 February 16, 2019The illegal car seats have appeared for sale online, although sites say listings have been deleted.
- The community that rejected Amazon February 15, 2019Amazon's plans for a campus in Long Island City bitterly divided a community grappling with rapid change.
- Brumadinho dam collapse: Eight arrests at Brazil's Vale February 15, 2019Employees at mining giant Vale are arrested amid a criminal probe into the dam break that killed 166.
- Private probation firms in Wales and south west in administration February 15, 2019Unions say they had warned about the "disastrous privatisation programme" four years ago.
Live Bangkok Business News Feed
- GDP data, smooth election could fuel baht rally February 17, 2019The baht is looking to repeat its performance as one of Asia’s best currencies last year. Monday’s growth data will shed light on a key pillar of its recent strength and may help it stay in pole position at least through the first quarter.
- US-China trade talks: what's under debate February 17, 2019BEIJING - US and Chinese officials wrapped up days of trade talks in Beijing on Friday with plans to resume negotiations in Washington this week as the world's top two economies try to smooth out their thorny trade dispute.
- No smoke without fire: Tobacco companies in quiet return to Formula One February 17, 2019PARIS: Tobacco giants Philip Morris and British American Tobacco have formed partnerships with their scientific research subsidiaries and Formula 1 teams Ferrari and McLaren more than a decade after cigarette advertising was banned from the sport.
- Trump briefed in Florida on 'productive' China trade talks February 17, 2019WASHINGTON: US President Donald Trump said Saturday he was briefed at his Florida resort by negotiators working to reach a trade deal with Beijing after their return from "very productive" meetings with Chinese officials.
- UK airline flybmi collapses under fuel costs, Brexit pressures February 17, 2019LONDON - British regional airline flybmi announced on Saturday it had ceased operations and was filing for administration, blaming spikes in fuel and carbon costs and uncertainty over Brexit.
- Sri Lanka plugs 'Buddhist tourist trail' site February 16, 2019The Sri Lankan Tourism Promotion Bureau has introduced a "Buddhist Tourism Trail", a Sri Lankan promotional website aiming to attract Thai and other travellers from Theravada Buddhism countries.
- UN calls for economic help for Laos February 16, 2019As a transit country, Thailand should play a significant role in helping the neighbouring landlocked country of Laos improve their economic growth to achieve the goals of the 10-year-Vienna Programme of Action (VPoA) for Landlocked Developing Countries for the Decade 2014-2024, according to the programme's chief.
- Voice TV back on air after admin court vetos blackout February 16, 2019Voice TV is back on air after the Central Administrative Court issued an injunction against the broadcasting regulator's 15-day blackout order pending a trial.
- Gold prices up B50 to B19,550 February 16, 2019The Gold Traders Association this morning announced the buying prices at 19,101.60 baht per baht-weight for gold ornaments, and 19,450 baht per baht-weight for gold bars.
- Outcry at refusal to ban toxic chemicals February 16, 2019Consumer groups have vowed to ramp up their campaign to force the national committee on hazardous substances to ban three hazardous farm chemicals immediately, not in another two years.
Live Singapore Business News Feed
- Singapore O&G posts lower Q4 profit on impairment February 17, 2019SINGAPORE O&G (SOG), a specialist healthcare provider for women and children, recorded a dip in net profit for the fourth quarter ended Dec 31 to S$23,200 from S$2 million a year ago.Claudia Chong
- Global Premium Hotels puts 23 hotels on market at S$1.4b February 17, 2019A PORTFOLIO of 23 hotels, mostly under the Fragrance brand, is up for sale by Global Premium Hotels (GPH) at an indicative price of S$1.4 billion.Lee Meixian
- AusGroup seeks a balanced portfolio February 17, 2019WHILE construction and marine services provider AusGroup is often associated with the woes of its clients in the oil and gas sector, the group has been working hard of late to shake off this perception.Leila Lai
- Bitter pill to swallow despite Olivia Lum's sweetener to small investors February 17, 2019THE desperate bid to save Hyflux from liquidation has taken many twists and turns, the latest being Hyflux boss Olivia Lum and her board of directors' offer to forfeit their shares in Hyflux as well as what little entitlements they have from the debt securities they own, in favour of small investors.Marissa Lee
- Earnings in focus; TSH Corp completes RTO February 17, 2019WITH the earnings season in full swing and a fair share of companies reporting full year earnings, director transactions, in addition to filed substantial shareholder transactions have declined over the past two weeks.Geoff Howie
- Sales of DR's Secret in China: Best World's best-kept secret? February 17, 2019BEST World International shares have soared 171 per cent over the past 12 months, driven by strong growth in China, where the group derives 66 per cent of total revenue from sales of the DR's Secret line of premium skincare products.Marissa Lee
- Stock's volatility draws nine SGX queries in two years February 17, 2019THE Singapore Exchange's surveillance team has queried Best World nine times since April 2016 for unusual trading activity, most recently on Feb 7, when the shares surged 8.57 per cent in one day on no obvious news flow.Marissa Lee
- Upcoming figures for home sales, durable goods under scrutiny February 17, 2019US STOCKS rose for the eighth straight week as optimism about a grand bargain between the US and China and consistently low Treasury yields offset surprisingly weak economic data.Rob Curran
- Handbrake applied on the US dollar rally February 17, 2019THE USD/SGD currency pair hit a six-month low of 1.3442 on Jan 31, 2019 with the US Federal Reserve taking a more dovish stance on its monetary policies.Samuel Siew
- Markets wait on trade talk, Fed updates February 17, 2019THE coming week will give investors plenty to think about, with new developments expected on both the local and international fronts.Leila Lai
- StanChart reaffirms commitment to Singapore February 15, 2019DESPITE expanding its global presence over the years, Standard Chartered Bank has "always remained committed" to serving the Singapore market, said its chief executive officer in Singapore Patrick Lee.Jay Parmar
- Scant cheer from market data and trade talks; STI slips 0.41% February 15, 2019FRIDAY was a day of bad news for markets, amid weak data from the two largest economies and reports that their negotiators were struggling to compromise on key issues in Beijing.Leila Lai
- Cisco invests S$25m in cybersecurity centre and first S-E Asian co-innovation hub in S'pore February 15, 2019CISCO on Friday launched its first South-east Asian co-innovation centre in Singapore, focused on cybersecurity and the Internet of Things, alongside a new cybersecurity centre of excellence here.Sharanya Pillai
- The tech effect in the real estate market in Singapore February 15, 2019I'VE been working in Singapore's commercial real estate market for more than two decades, and while the cityscape has changed over the years, one thing remains consistent: Singapore's constant innovation and reinvention. As the hub for transport and trade in the region, its pro-business environment and infrastructure continues to attract international business relocations - and […]Chris Fossick
- Cromwell E-Reit buys French logistics property for 6.9m euros February 15, 2019CROMWELL European Reit (E-Reit) has acquired a logistics property located in France for 6.9 million euros (S$10.58 million) and three office assets in Poland for 69.38 million euros.Lynette Tan
New York Times Business Feed
- For Some 2020 Democrats, Rejection of Amazon Aligns With Liberal Policy Views February 16, 2019Candidates like Elizabeth Warren and Bernie Sanders were quick to praise New Yorkers who rebelled at the idea of giving tax breaks to a huge corporation.
- A Man in Florida Mistakenly Received a $980,000 Tax Refund, and Officials Say He Tried to Keep It February 16, 2019An incorrect tax return led to a huge check for a 29-year-old resident of Tampa, Fla., according to a forfeiture complaint filed by the federal government.
- A Mother Learns the Identity of Her Child’s Grandmother. A Sperm Bank Threatens to Sue. February 16, 2019The results of a consumer genetic test identified the mother of the man whose donated sperm was used to conceive Danielle Teuscher’s daughter. Legal warnings soon followed.
- All Oscars Will Be Shown Live, Academy Says in a Reversal February 16, 2019Four Academy Awards were going to be handed out during commercial breaks and aired later in a shorter form, but an uproar forced the latest retreat by the organization behind the show.
- Big Investors Shed Tech Stocks as Markets Tumbled Last Quarter February 15, 2019The sell-off is the latest evidence of how quickly investors soured on Big Tech late last year.
- Trump Sings Praises of Hannity and Limbaugh in Rose Garden February 15, 2019The president spoke less glowingly of his onetime supporter Ann Coulter and revived his “fake news” mantra in a reply to Jim Acosta of CNN.
- U.S. Airlines to Offer New Gender Options for Non-Binary Passengers February 15, 2019American, Delta and United are among the carriers planning to allow passengers to choose something other than ‘male’ or ‘female’ when buying their tickets.
- ‘Opportunity Zones’ Offer Tax Breaks and, Maybe, Help for Communities February 15, 2019By enabling investors to postpone paying the tax man, new funds may draw money into distressed communities. But succeeding at both may be challenging.
- Why the Amazon Deal Collapsed: A Tech Giant Stumbles in N.Y.’s Raucous Political Arena February 15, 2019The company, long accustomed to deferential treatment from localities, badly misjudged how it would be received in the city, according to dozens of interviews.
- You Want to Buy Art. Is It About Love or Money? February 15, 2019Collectors offer advice on how to buy fine art, and when to sell it.
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- Britain seems to be setting itself up as ‘another Hong Kong’ February 17, 2019The City of London’s “charm offensive in the race for renminbi” has paid off, with London daily trading in renminbi now exceeding that in euro, the Financial Times reported. But this is only half the story, which is also about life after Brexit for Britain, and about the nation’s role in China’s “Belt and Road […]
- The world is slowly drifting away from the US dollar as the sole reserve currency February 17, 2019There is growing resentment with the way the United States uses the privileged status of its currency within the international financial system as an instrument of its national policies. The latest expression of this came on February 1, when Germany, France and Britain launched an EU-backed payments system to help businesses circumvent unilateral US sanctions […]
- Rising protectionism, concerns about technology’s reach are politicising, delaying merger reviews, lawyers say February 17, 2019As concerns rise about the reach of big technology companies and China’s growing political and economic influence around the globe, cross-border mergers and acquisitions are increasingly becoming politicised, deal lawyers said.Global merger and acquisition activity hit record levels last year, but the rate of deals falling apart was at its highest since the global financial […]
- European Union finds itself in crossfire in Huawei battle February 17, 2019The global tech war over Huawei Technologies saw the European Union come under pressure from both the US and China as they fought over whether the company’s equipment should be banned from future 5G networks.“Chinese law requires them to provide Beijing’s vast security apparatus with access to any data that touches their networks or equipment,” […]
- The Earth’s climate could be about to do something it hasn’t done for billion of years February 17, 2019Clambering along Clear Water Bay’s mountain trails yesterday, sweltering in an unseasonably hot 26 degrees Celsius, I was reminded afresh of the harm inflicted by Typhoon Mangkhut five months ago. Not just the shattered trees, but the silence, and the paucity of butterflies.I cheered myself by recalling the astonishing capacity of nature to recover from […]
- China begins to embrace global sustainable investment trend, but big names still missing, says China chief of UN-backed body February 17, 2019Mainland China is slowly embracing the global responsible investment trend, tripling in the past year the number of investment firms agreeing to systematically include companies’ environmental, social and governance performance in their investment decisions.But a lack of asset owners – such as sovereign fund China Investment Corp (CIC), pension administrator National Council for Social Security […]
- ‘Micro-home’ project T-Plus in Tuen Mun halts sales drive amid lacklustre buyer response February 16, 2019T-Plus, the residential project in Tuen Mun made up of micro homes smaller than a car parking space, said on Friday it will suspend sales with immediate effect, without providing a reason for the halt.The project, co-developed by mainland developer Jiayuan International Group and local developer Stan Group, announced the freeze after having sold just […]
- Hong Kong’s securities watchdog freezes brokerage accounts for suspected involvement in misleading data February 16, 2019Hong Kong’s securities watchdog has frozen an unknown number of client accounts managed by three brokerages which were related to the suspected disclosure of false or misleading financial information by a listed company.The Securities and Futures Commission (SFC) has issued restriction notices that prohibit Changjiang Securities Brokerage, Haitong International Securities Company and Kingston Securities from […]
- As China gets used to buying on credit, it remains important for GM financing arm even as new car sales soften February 15, 2019As concerns are increasing about rising delinquency rates among car buyers in the United States, GM Financial, the car loans arm of US carmaker General Motors, is increasingly looking to mainland China for potential growth.Not only is China the world’s biggest market for car purchases, but Chinese buyers make larger down payments and pay off […]
- Chinese drivers switch lanes, follow US motorists in buying more used cars February 15, 2019Chinese consumers, whose penchant for frequent upgrades created the world’s largest automobile market in a generation, are discovering of late that new is not everything.They are switching gears to buy second-hand cars, eschewing first-hand models, as economic growth in mainland China weakens to its slowest pace in decades and an ongoing trade war with the […]
Reuters Business News
- Famed Cullinan mine banks on big diamonds to drive down debt February 17, 2019The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.
- Alabama jury awards $152 million in Ford Explorer rollover case February 17, 2019An Alabama jury awarded $151.8 million to a young man paralyzed in 2015 rollover accident involving a Ford Explorer sport utility vehicle, Ford and lawyers in the case said on Sunday.
- Russia's Gazprombank freezes accounts of Venezuela's PDVSA: source February 17, 2019Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday.
- Qatar aims to build $20 billion sports sector ahead of World Cup February 17, 2019Qatar wants to attract more sports companies to the Gulf state, aiming to develop a $20 billion sports sector ahead of the 2022 World Cup, a senior official said on Sunday.
- Airbus warns of no-deal Brexit, says has spent tens of millions preparing February 17, 2019Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.
- Qatar's real estate market faces reality check ahead of World Cup February 17, 2019Qatar's Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, but today about half of its 46 floors are empty.
- Nissan panel to recommend outside director to chair board: Nikkei February 17, 2019A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday.
- Canada's Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi February 16, 2019Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada.
- Russian court extends custody of Baring Vostok's Calvey until April February 16, 2019A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.
- Russian court orders Baring Vostok's Calvey to be kept in custody until April 13 February 16, 2019A Moscow court has ordered Baring Vostok's founder Michael Calvey to be kept in custody until April 13.
Squawk World markets
- If you invested $1,000 in Coca-Cola 10 years ago, here's how much you'd have now February 15, 2019Coca-Cola is a "safety stock," says Jim Cramer. "That's what's worth owning."
- President Trump: Military leaders think wall is important February 15, 2019President Trump speaks from the Rose Garden on the bill that would avoid a government shutdown and his plan to declare a national emergency in order to allocate military funding to build a border wall. He also speaks on the U.S. economy and the impact it has on China.
- President Trump: We have removed thousands of MS-13 gang monsters February 15, 2019President Trump speaks from the Rose Garden on the bill that would avoid a government shutdown and his plan to declare a national emergency in order to divert military funding to build a border wall. He also speaks on the U.S. economy and the impact it has on China.
- President Trump: Declaration to fund wall will help keep out drugs, gangs February 15, 2019President Trump speaks from the Rose Garden on the bill that would avoid a government shutdown and his plan to declare a national emergency in order to allocate military funding to build a border wall. He also speaks on the U.S. economy and the impact it has on China.
- President Trump: I'll be meeting with President Xi February 15, 2019President Trump speaks from the Rose Garden on the bill that would avoid a government shutdown and his plan to declare a national emergency in order to allocate military funding to build a border wall. He also speaks on the U.S. economy and the impact it has on China.
- President Trump announces he'll declare national emergency to fund border wall February 15, 2019President Trump speaks from the Rose Garden on his plan to declare a national emergency in order to allocate military funding to build a border wall.
- President Trump says we're confronting the security crisis on the border February 15, 2019President Trump speaks from the Rose Garden on the bill that would avoid a government shutdown and his plan to declare a national emergency in order to allocate military funding to build a border wall.
- President Trump: Expect a summit with Kim Jong Un in Vietnam later this month February 15, 2019President Trump speaks from the Rose Garden on the progress of trade agreements with the U.K., summit with Syria and the summit with North Korea leader Kim Jong Un in Vietnam. He also discusses the bill that would avoid a government shutdown and his plan to declare a national emergency in order to allocate military […]
- Canopy Growth co-CEO on Q3 earnings and the future for the cannabis industry February 15, 2019Canopy Growth Corp surged after reporting revenues increased by 282 percent in third quarter earnings. Canopy Growth co-CEO Bruce Linton joins CNBC's Aditi Roy on 'Squawk on the Street' to discuss the company's earnings and the opportunities it's looking into with hemp.
- President Trump says US, China negotiators are close to 'real deal' February 15, 2019President Trump speaks from the Rose Garden on the progress of U.S.-China trade talks. He also discusses the bill that would avoid a government shutdown and his plan to declare a national emergency in order to allocate military funding to build a border wall.
- Consumer Sentiment Index beats February estimates with 95.5 February 15, 2019CNBC's Rick Santelli reports on the preliminary February read of the Consumer Sentiment Index.
- Here are the four best-performing sectors so far in 2019 February 15, 2019CNBC's Dom Chu looks ahead at the day's market action.
- Opening Bell, February 15, 2019 February 15, 2019Ringing today's opening bells are Pimco with portfolio managers John Devir and Greg Sharenow at the NYSE and Women in Toys with Pam Kaufman, president of Nickelodeon Viacom consumer products, at the Nasdaq.
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