Oil up slightly ahead of long US weekend as peace efforts hold
PERTH, July 3 : Oil prices rose slightly on Friday before a long holiday weekend in the U.S. as wary optimism held over efforts to make peace in the Middle East between the United States and Iran. Brent futures were up 17 cents, or 0.24 per cent, to $72.10 a barrel as of 0155 GMT. West Texas Interme ...
Oil prices stable as US-Iran peace efforts hold
LONDON, July 3 : Oil prices were steady on Friday and little changed for the week as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed.Brent futures were up 17 cents, or 0.24 per cent, to $71.97 a barrel at 0932 GMT. West Texas ...
Oil prices little changed ahead of long US weekend as peace efforts hold
PERTH, July 3 : Oil prices were little changed on Friday before a long holiday weekend in the U.S., as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed.Brent futures climbed 7 cents, or 0.1 per cent, to $71.87 a barrel as of 0 ...
Sembcorp shares fall to four-month low; Citi cuts profit forecasts
Shikhar Gupta - The counter declined 4.2% earlier on Friday, but has pared some losses to be 3.7% down as at midday
Sembcorp shares fall to four-month low after Citi cuts profit forecasts
Shikhar Gupta - The counter is down 3.9% in early trading on Friday
Trump thinks Musk will donate SpaceX stock to US child savings scheme
The tax-advantaged Trump savings accounts will launch on Jul 4
Dollar heads for weekly drop as jobs data dims Fed hike bets
HONG KONG, July 3 : The U.S. dollar was on track for the biggest weekly drop in nearly three months on Friday, after a tepid June jobs report pushed back markets expectations for Fed rate hikes, providing some relief for the embattled yen. Softness in the greenback continued in early Asian trade, wi ...
Dollar set for biggest weekly drop since April after jobs data lowers Fed hike bets
LONDON, July 3 : The U.S. dollar was heading towards its biggest weekly loss in 12 weeks on Friday after Thursday's tepid U.S. jobs report cooled market expectations for a near-term Federal Reserve interest rate hike, providing relief for the Japanese yen. Broad dollar weakness lifted the euro ...
Dollar set for biggest weekly drop since April as soft jobs data blunts Fed hike bets
LONDON, July 3 : The U.S. dollar was heading towards its biggest weekly loss in 12 weeks on Friday after a tepid U.S. jobs report cooled market expectations for a near-term Federal Reserve interest rate hike, providing some relief for the embattled Japanese yen. Broad dollar weakness lifted the euro ...
Dollar heads for biggest weekly drop since April as jobs data dims Fed hike bets
LONDON, July 3 : The U.S. dollar fell towards its biggest weekly loss in 12 weeks on Friday after a tepid U.S. jobs report cooled market expectations for a near-term Federal Reserve interest rate hike, providing some relief for the embattled Japanese yen. Broad dollar weakness lifted the euro to nea ...
Elite UK REIT divests four properties in Wales for GBP6 mil
Teo Zheng Long - Elite UK REIT (SGX: MXNU ) announced that its wholly owned subsidiaries, Elite Gemstones Properties Limited and Elite Amphora Limited, have divested four properties in Wales for GBP6.0 million ($10.35 million) to an unrelated third-party purchaser. The four properties are: High Street, Swansea; Wind ...
Asian markets find footing as US jobs data, PMIs lift stocks
MSCI’s broadest index of Asia-Pacific shares outside Japan rises 1.3% after two consecutive days of declines
Asian stocks edge up amid fears of AI rally overheating
The MSCI Asia Pacific Index climbs slightly; gauges fall in Japan but rise in South Korea
Tokenisation could ease liquidity bottlenecks in next phase of cross-border payments, say panellists
Meera Pathmanathan - Banks say digital assets will complement, not replace, existing cross-border payment systems
China quant funds draw billions as AI trounces human traders
The funds are churning out new products that are being snapped up by investors who are abandoning stock pickers
Gold jumps 2.8% after soft US job numbers ease Fed rate hike fears
Bullion extends a two-day recovery from its lowest level in almost seven months
Gold jumps after soft US job numbers ease Fed rate hike fears
Bullion jumps 2.8%, extending a two-day recovery from its lowest level in almost seven months
Elite UK Reit sells four Wales properties for US$8 million
Shikhar Gupta - They are sold to an unrelated third-party purchaser through the Reit’s wholly owned subsidiaries
Japan's services activity returns to growth in June, PMI shows
TOKYO, July 3 : Japan's services sector returned to expansion in June after stalling the previous month, though business confidence remained subdued amid concerns over Middle East tensions and intensifying cost pressures, a private survey showed on Friday. • The S&P Global final Japan Ser ...
Stocks to watch: Frasers Property, Elite UK Reit
Deon Loke - Soon Su Lin will step down as the CEO of Frasers Property Singapore on Oct 1, transitioning to a group advisory role
Soon Su Lin to step down as Frasers Property Singapore CEO; Tan Wee Hsien named successor
Deon Loke - She will serve as adviser to Frasers Property Ltd CEO; change of guard comes amid group’s major revamp
Soon Su Lin to step down as Frasers Property CEO; Tan Wee Hsien named successor
Deon Loke - Following the planned succession, she will serve as an adviser to support the group CEO
Interest in SGX-listed small and mid-cap stocks returning, but analysts flag overvalued tech stocks
Deon Loke - June’s wave of share buybacks by SMIDs reflects boards’ thinking that valuations have overcorrected: UOBKH
Interest in SGX-listed small and mid-cap stocks returning, but analysts flag overvalued tech counters
Deon Loke - June’s wave of buybacks by SMIDs reflects boards’ thinking that valuations have overcorrected: UOBKH
Tesla quarterly deliveries set record, but firm’s shares down 7.5% despite positive result
It delivered 480,126 vehicles worldwide in the second quarter, a 25% jump from the year-earlier period
Tesla vehicle sales jump 25%, far exceeding estimates
Despite the surprisingly positive result, the Elon Musk-led company’s shares tumbled 7.5% on Thursday
Oil fluctuates as crude flows surge through Persian Gulf
Saudi Aramco has switched to spot pricing to speed up sales in Asia, according to trade sources and shipping data
Oil edges higher ahead of long US weekend as Washington-Teheran peace efforts hold
Saudi Aramco has switched to spot pricing to speed up sales in Asia, according to trade sources and shipping data
Blackstone's QTS terminates Digital Gateway data center project in Virginia
July 2 : Blackstone's QTS said on Thursday it had terminated its planned Digital Gateway data center project in Virginia and withdrawn the associated filings after years of planning and regulatory review.The data center operator has faced years of local opposition and litigation over the projec ...
Kioxia readies next-gen memory mass production as AI boom fuels dramatic comeback
TOKYO, July 3 : Kioxia will on Friday hold a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the AI investment boom, prepares to mass manufacture next-generation memory.The growth of AI has fueled a remarkable turnaround for Kioxia, which was previously seen ...
Kioxia ships next-gen memory samples as AI boom fuels dramatic comeback
KITAKAMI, Japan, July 3 : Kioxia on Friday held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the AI investment boom, begins shipping samples of its next-generation memory.The growth of AI has fueled a remarkable turnaround for Kioxia, which was previous ...
Dow jumps to record closing high after soft US jobs data; Nasdaq down with chip shares
Expectations for a rate hike from the Fed decreased after the release of the US jobs report
Crusoe in talks to raise $3 billion funding, Bloomberg News reports
July 2 : AI data center startup Crusoe is in talks to raise about $3 billion in a funding round that may triple its valuation, Bloomberg News reported on Thursday, citing people familiar with the situation.The startup has contracts to supply AI computing power for the likes of Meta and Oracle, the r ...
European shares close at record high after softer US jobs data calms rate hike fears
Short-term interest-rate futures reflected about a 60% chance of an interest rate hike from the Fed
