Companies & Markets
Australian shares drop to 10-month low as traders gauge Middle East jitters
AUSTRALIAN shares fell to a more than a 10-month low, with banks and heavyweight miners leading declines, as uncertainty over the Middle East conflict kept investors from making massive bets.
STI falls 2.1%, Nikkei drops over 4% as Asia markets decline on Trump, Iran threats
He says the US would ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
Global LNG exports fall to six-month low on Iran conflict
The drop is primarily from Qatar, and to a lesser extent the United Arab Emirates, the data shows
Nikkei falls 4% on fears of inflation, higher rates from Iran war
[TOKYO] Japan’s Nikkei share average fell 4 per cent on Monday as concerns about escalation of the Middle East war stoked inflation fears and the potential for higher interest rates globally.
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Gold whipsaws after worst week in 40 years as war risks mount
Surging oil prices have raised inflationary risks
Lendlease Reit preferential offering undersubscribed with 62.2% take-up
Underwriters DBS, OCBC, UOB to absorb around S$74.3 million worth of stock
Meta’s Zuckerberg developing AI agent to help with his CEO duties, WSJ reports
META chief executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported on Sunday, citing a person familiar with the project.
Stocks to watch: Mapletree Logistics Trust, Lendlease Global Commercial Reit, AEM
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Mar 23):
Mapletree Logistics Trust to acquire Mumbai warehouse for S$53.6 million
The move expands its reach in India beyond Pune and Delhi
PepsiCo bets on AI across China operations to boost efficiency
BEVERAGES giant PepsiCo is deploying artificial intelligence (AI) across its operations in China and beyond to improve efficiency, Anne Tse, its head for the Asia-Pacific region, said.
