Companies & Markets
Europe: Shares fall as mixed Middle East signals cloud outlook
The pan-European Stoxx 600 index drops 0.9% on the day
Oil prices gain as traders doubt prospects of ceasefire in Iran war
Brent crude futures up US$4.56 or 4.2% at US$112.57 a barrel
US: Stocks tumble, Dow confirms correction territory, as Middle East tensions drag
Nasdaq suffers fifth straight weekly decline
Singapore ramps up push to become Asia-Pacific’s gold-trading hub amid rising investor demand
Plans are under way to develop gold-related capital market products to facilitate price discovery and build liquidity
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BYD posts first annual profit decline in four years
Profit falls 19% to 32.6 billion yuan, missing analyst view
Wall St opens lower as Iran strike delays offer limited calm
[NEW YORK] Wall Street’s main indexes opened lower on Friday (Mar 27) as the month-long Middle East conflict dragged on, weighing on sentiment despite the United States pushing back another deadline t...
Fullerton Fund Management, 65 Equity Partners to manage second Anchor Fund tranche
This follows the first launch of S$1.5 billion in 2022 to attract high-quality listings to Singapore
SoftBank secures US$40 billion loan to boost OpenAI investments
The loan underscores founder Masayoshi Son’s increasingly aggressive bet on AI
Sembcorp chairman Tow Heng Tan to retire; Andreas Sohmen-Pao to succeed him from Jun 1
Yap Chee Keong will also step down as director and chairman of the audit committee on Apr 29, with Steven Phan taking over thereafter
Jardine Cycle & Carriage appoints Freddy Lee as CEO from May 1
Lee will vacate his current role as the company’s finance director but continue to serve as executive director
