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Britain’s Hunt wants London Stock Exchange to become Europe’s Nasdaq
Britain’s Hunt wants London Stock Exchange to become Europe’s Nasdaq
February 8, 2024
BRITISH finance minister Jeremy Hunt said on Thursday he wants the London Stock Exchange to become the Nasdaq of Europe, attracting tech companies to help create “the next Silicon Valley”. Britain...
Oil up 3% on Gaza ceasefire rejection and US fuel stocks data
Oil up 3% on Gaza ceasefire rejection and US fuel stocks data
February 8, 2024
OIL prices gained more than 3 per cent on Thursday on concerns of a broadening conflict in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures...
Europe: Shares edge lower as healthcare losses overpower earnings-fuelled rally
Europe: Shares edge lower as healthcare losses overpower earnings-fuelled rally
February 8, 2024
EUROPEAN shares ended marginally lower on Thursday, as losses in healthcare heavyweights offset gains spurred by strong corporate updates from consumer staples stocks like Unilever and luxury major Kering. The...
US: S&P 500 finishes just shy of 5,000 points after latest push
US: S&P 500 finishes just shy of 5,000 points after latest push
February 8, 2024
THE S&P 500 flirted with a landmark new peak on Thursday, but finished just shy of 5,000 points following another round of solid earnings. Shares of Disney rocketed up...
Time to review the code of corporate governance?
Time to review the code of corporate governance?
February 8, 2024
IN NOVEMBER 2023, then-Managing Director of the Monetary Authority of Singapore (MAS) Ravi Menon announced that MAS will be assessing the merit of introducing a new provision in Singapore’s...
Huawei raided in France on suspicion of improper conduct: judicial source
Huawei raided in France on suspicion of improper conduct: judicial source
February 8, 2024
THE French offices of Chinese telecoms giant Huawei were raided this week on suspicion of improper behaviour, a judicial source told AFP on Thursday (Feb 8). The source said...
Hershey says ‘historic’ cocoa inflation could push prices higher
Hershey says ‘historic’ cocoa inflation could push prices higher
February 8, 2024
COCOA prices are climbing fast, and Hershey Co may continue raising prices to keep up. Prices for the all-important ingredient are reaching “historic” levels, chief executive officer Michele Buck...
Oxley Holdings posts H1 loss of S.1 million on lower revenue, offset by lower finance costs, tower sale
Oxley Holdings posts H1 loss of S$1.1 million on lower revenue, offset by lower finance costs, tower sale
February 8, 2024
PROPERTY developer Oxley Holdings has posted a loss of S$1.1 million in the first six months of its financial year ended Dec 31, 2023, down from a profit of...
SoftBank Vision Fund sold down Paytm stake before shares plunged
SoftBank Vision Fund sold down Paytm stake before shares plunged
February 8, 2024
SOFTBANK Group sold a majority of its stake in Paytm before regulatory scrutiny caused the once-celebrated Indian fintech firm’s shares to dive, according to the Vision Fund’s executive managing...
GM appoints former Tesla executive as V-P of battery unit
GM appoints former Tesla executive as V-P of battery unit
February 8, 2024
GENERAL Motors (GM) on Thursday (Feb 8) named former Tesla executive Kurt Kelty to the newly created role of vice-president of its battery unit. Kelty led Tesla’s battery development...