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Author: traderhub8   |   Latest post: Mon, 22 Jul 2019, 11:19 AM

 

Phillip Capital Morning Note - 25 Jun 2019

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THE Singapore Exchange (SGX) has rejected Foreland Fabrictech Holdings' appeal against its delisting and request for up to three months to prepare its proposal for the resumption of trading. The Chinese textile company will be delisted from the main board on June 28, with effect from 9 am.

Microsoft missed its chance to be the dominant firm in mobile technology because it was "distracted" during a lengthy antitrust battle with US authorities, company co-founder Bill Gates said Monday.

Music streaming service Spotify Technology SA pays Apple Inc a 15 per cent fee on about 680,000 of its 100 million premium customers, Apple disclosed in a response to Spotify's complaint with European antitrust regulators.

Gold prices rose more than 1 per cent on Monday to a near six-year peak as the dollar fell, with safe-haven bullion also boosted by US President Donald Trump's announcement to impose fresh sanctions on Iran.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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