S&P 500's eight-day winning streak ended with a thud on Tuesday following President Donald Trump's latest trade war threat amid caution over upcoming earnings reports.
European shares slid on Tuesday, with most sectors falling after the United States threatened to slap tariffs on goods from the European Union, with worries compounded by the IMF cutting its global growth forecast.
Singapore shares add 0.3% on Tuesday. MARKETS in Asia mostly traded higher on Tuesday due to further optimism about Chinese measures to boost economic growth while waiting for further developments on the US-China trade front.
BREADTALK Group (BTG) will acquire, through a subsidiary, a total of 380 million shares in NPPG (Thailand) Public Company (NPPG), at 1.50 Thai Baht per share.
KEPPEL Offshore & Marine (Keppel O&M), through its wholly-owned subsidiary Keppel Singmarine, will develop an autonomous tug that will be operated by Keppel Smit Towage. Singapore's financial regulator said it hasn't uncovered any impropriety by DBS Group Holdings Ltd in arranging the sale of securities by troubled Singaporean water and power company Hyflux Ltd in 2016.
SINGAPORE Press Holdings (SPH) on Tuesday reported a 25.7 per cent year-on-year decline in net profit to S$29.69 million for the second quarter, in line with lower revenue and a fair-value change on investment properties of S$12.86 million.
CAPITALAND's serviced residence arm, The Ascott Ltd, has secured contracts to manage 14 properties with over 2,000 units across eight countries, the group announced on Tuesday.
CAPITALAND paying for Ascendas-Singbridge with a 50:50 mix of cash and shares avoids over-gearing the company or issuing stock at too steep of a discount, said CapitaLand's president and group CEO Lee Chee Koon.
S&P Global Ratings said the default of troubled water and power company, Hyflux, could be the "first wagon in a train of financial distress cases" to come in Singapore, as lending conditions adjust to the economic slowdown and become less favourable.
UNITED Overseas Bank (UOB) has priced the issue of its US$600 million subordinated notes due 2029 and callable in 2024 under its US$15 billion global medium term note programme.
Source: SGX Masnet, Bloomberg, Channel NewsAsia, Reuters, The Business Times, PSR
Chart | Stock Name | Last | Change | Volume |
---|
Created by traderhub8 | Jun 12, 2024
Created by traderhub8 | Jun 03, 2024