Singapore shares retreat at Wednesday’s open; STI down 1.7%

Singapore shares retreat at Wednesday’s open; STI down 1.7%

SINGAPORE shares started trading in negative territory on Wednesday (Sep 4), mirroring overnight losses in global markets. As at 9.01 am, the Straits Times Index (STI) opened 1.7 per cent or 57.63 points lower at 3,422.71. Across the broader market, losers outnumbered gainers 125 to 16 after 50.9 million securities worth S$83.9 million changed hands.…

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CICT closes private placement at S$2.04 apiece

CICT closes private placement at S.04 apiece

CAPITALAND Integrated Commercial Trust (CICT) closed its private placement at S$2.04 per new unit, said its manager on Wednesday (Sep 4). The private placement was 3.7 times subscribed with “strong demand” from new and existing institutional, accredited and other investors. The manager announced plans to launch an equity funding exercise on Tuesday, consisting of…

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Hello Kitty stock soars 93% as Tokyo heat sends tourists indoors

Hello Kitty stock soars 93% as Tokyo heat sends tourists indoors

HEAT waves and heavy rain wreck the pleasure of outdoor amusement parks. That simple fact has hammered the shares of Oriental Land, which operates Tokyo Disney Resort. Sweltering temperatures this summer coupled with increasing bouts of torrential rains have kept visitors away from the parks and as a result, the company’s stock has plunged 25…

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US fines ratings agencies for ‘significant’ recordkeeping failures

US fines ratings agencies for ‘significant’ recordkeeping failures

THE US market regulator charged and fined six major ratings agencies on Tuesday, including Moody’s, S&P and Fitch, over what it called “significant recordkeeping failures.” The six agencies were fined a total of more than US$49 million “for significant failures by the firms and their personnel to maintain and preserve electronic communications,” the US Securities…

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Europe: Shares fall as US data rekindles growth worries

Europe: Shares fall as US data rekindles growth worries

EUROPE stocks fell on Tuesday in their worst session in nearly a month, as US manufacturing data brought concerns about a slowdown in global growth back to the forefront ahead of an all-important jobs report on Friday. The pan-European Stoxx 600 index dropped 1 per cent, with Germany’s DAX slipping 0.9 per cent from record highs…

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Why Passengers Set to Embark on 3-Year Cruise Haven’t Set Sail for 3 Months – E! Online

Why Passengers Set to Embark on 3-Year Cruise Haven’t Set Sail for 3 Months – E! Online

These travelers are living out their very own Gilligan’s Island storyline.  Passengers of the Villa Vie Residences’ Odyssey cruise ship were ready to set sail on a three and a half year voyage around the world in May, however due to issues with the ship, they have been living in Belfast, Northern Ireland, for the past three months. The world cruise offered travelers a…

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