SingAPORE: Singapore Telecommunications, Southeast Asia's largest telecommunications operator, said on Friday it has bought a 16.3 per cent stake in PT Bank Fama International for 500 billion rupiah S $48.0 million to pursue banking opportunities in Indonesia....
... as of 11: 20 a.m. in
, as investors were worried about tighter
policy. A report Thursday showing a gain in U.S. jobless claims to a three-month high didn't help quell those concerns.
Jun Rong Yeap, a strategist at IG
said that the market's underperformance in jobless claims was insufficient to drive any significant change in the pace of Fed policy tightening.
S&P 500 futures and Dow Jones futures dropped as much as 0.8% and 0.5%, respectively.
The lackluster ...
SINGAPORE: A special purpose acquisition company SPAC backed by European asset manager Tikehau Capital and LVMH chairman Bernard Arnault started trading in Singapore on Friday, the second SPAC to debut in the city-state.
SINGAPORE: A special purpose ...
... protective mask in front of a coronaviruses outbreak, standing in front of an electric board showing Nikkei index outside a brokerage in
, stands in front of a man wearing a protective mask, amid the coronaviruses disease COVID - 19 outbreak.
SINGAPORE Reuters --
share markets and U.S. futures fell on Friday after U.S. stocks took a knock overnight, hurt by concerns over the
's tightening and weaker than expected economic and earnings data.
MSCI's broadest index of ...
... pandemic-related measures and the economic slowdown in
, the country's largest trade and investment partner.
Exports are likely to give a smaller boost to growth going forward, as they have been a pillar of strength. Krystal Tan, an economist at ANZ in
, said that the ongoing slowdown in
poses another headwind.
A separate Reuters poll released a week ago showed growth of 3.9% in 2021. It was expected to drop to 2.9% in 2022 and 2.5% in 2023.
... industry players said there are other ways to protect retail investors from the potential risks of cryptocurrencies instead of a clampdown on consumer advertising.
They were responding to a new set of guidelines published by the
Monetary Authority of Singapore
MAS on Monday, which prohibited cryptocurrencies trading service providers from using public advertisements and engaging third parties like social media influencers.
Companies can only advertise on their own corporate websites, mobile applications,...
... legal angle and a court gives an order to put a hold on it. Amazon has long argued that Future violated the terms of a 2019 deal they had signed when the U.S. firm invested $200 million in a Future unit. The U.S. company's position has been backed by a
Adani Wilmar, the popular FMCG company set up in 1999 as a 50 - 50 joint venture between Gautam Adani led Adani group and Singapore based Wilmar: will launch its initial public offering IPO on 27 January, according to a company statement released on Thursday.
Adani Wilmar, the popular FMCG company set up in 1999 as a 50 - 50 joint venture between
led Adani ...