Uncategorized
Foreigners back India bonds over pricey stocks in tactical bet
OVERSEAS investors are pouring more money into India’s sovereign bonds than stocks, drawn by their relatively lower valuations and upcoming inclusion into global debt indexes. Global funds have ploughed...
Temasek divests 1.1% stake in Indian hospital chain for 3.95 billion rupees: sources
TEMASEK has sold a 1.1 per cent stake in Indian private hospital chain Medanta for 3.95 billion rupees (S$64 million), sources close to the Singapore investment company have confirmed....
Top AI memory maker SK Hynix may add to 95% rally
INVESTORS are bullish on the chance for more gains in shares of Nvidia’s top memory supplier SK Hynix, which remain cheap even after a huge runup. The South Korean...
Asia: Markets rally after Wall Street highs
ASIAN markets rose on Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan. US and European...
Gold heads for second weekly dip as traders reassess US rate bets
GOLD prices were set for their second straight weekly drop on Friday (Feb 16) after surprisingly hot United States consumer prices led traders to reassess their rate-cut hopes, although...
Brokers’ take: RHB cuts ThaiBev target on lower earnings forecast; positive on recovery
RHB on Friday (Feb 16) cut its target price on Thai Beverage (ThaiBev) to S$0.76 from S$0.82, after revising its earnings estimates for FY2024 to FY2026. The research team...
Bitcoin breaks US$50,000 for first time since 2021
BITCOIN spiked above US$50,000 on Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will...
Google to launch anti-misinformation campaign ahead of EU elections
GOOGLE is preparing to launch an anti-misinformation campaign across five countries in the European Union, the company told Reuters ahead of the bloc’s parliamentary elections and tougher new rules...
