SGX's Q1 earnings fall 16.3% amid uncertain outlook
Exchange, which is sticking to its strategy of diversifying into new businesses, hopes to complete its acquisition of Baltic Exchange by end-November
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Singapore
THE Singapore Exchange can see macroeconomic storms ahead, but not how investors will react to the turbulence, chief executive Loh Boon Chye said on Wednesday as the market operator reported a 16.3 per cent drop in first-quarter net profit.
But SGX is sticking to a strategy of diversifying into new businesses in the hopes that it can pick up market share even if volumes are down. On that front, SGX said it now hopes to complete its acquisition of the Baltic Exchange by end-November, 2016, after a court hearing to sanction the takeover scheme was set for Nov 7.
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