Sampo Group's results for January–March 2024 will be published on 7 May 2024

The Smart Investor
4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits
Here are four blue-chip stocks that may see their profits rising in due course. The post 4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits appeared first on The Smart Investor.
Reuters
KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say
SINGAPORE (Reuters) -A consortium of U.S. investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources said. The potential investment in STT Telemedia Global Data Centres (STT GDC) reflects growing interest and demand for data centres across Asia Pacific as nations and companies respond to the boom in artificial intelligence. The KKR-SingTel consortium is competing with New York-headquartered alternative investment firm Stonepeak for the stake of up to 20%, one of the sources said.
Simply Wall St.
City Developments (SGX:C09) investors are sitting on a loss of 19% if they invested five years ago
Ideally, your overall portfolio should beat the market average. But in any portfolio, there will be mixed results...
The Smart Investor
Are Singapore REITs Attractive Right Now? Here are 4 Factors You Should Watch Out for
With the REIT sector in the doldrums for the past two years, is there light at the end of the tunnel? The post Are Singapore REITs Attractive Right Now? Here are 4 Factors You Should Watch Out for appeared first on The Smart Investor.
Barrons.com
Fed Rate Cuts Are Coming. Get Ready for the Stock Market’s Next Phase.
While the Nasdaq Composite is at a record high, some experts believe that a shift is coming in the market.
The Edge Singapore
Seatrium reports net order book of $25.8 bil in 1QFY2024 business update
Shares in Seatrium closed 18 cents higher or 11.69% up at $1.72 on May 27.
Insider Monkey
Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom
We recently analyzed the top utilities stocks hedge funds are buying to profit from the AI-led boom in the industry. Since Vistra Corp. (NYSE:VST) was part of the list, the stock deserves a deeper look. But first, let’s see why everyone’s taking about AI catalysts for utilities stocks these days. The AI revolution that started with […]
Barrons.com
Bitcoin Slips. Why the Market Is Nervous.
Bitcoin prices slip after a number of wallets linked to Mt. Gox moved billions worth of Bitcoin into a single wallet Tuesday.
Reuters
Japan net external assets hit record high in 2023, remains world's top creditor
Japan's net external assets rose to a record 471.3 trillion yen ($3 trillion) in 2023, increasing for a sixth straight year, as a weak yen and overseas corporate acquisitions boosted the value of its foreign assets, the Ministry of Finance said on Tuesday. As a result, Japan retained its position as the world's top creditor, followed by Germany with 454.8 trillion of net external assets and China with 412.7 trillion yen as of the end of 2023, according to the ministry. A weak yen, coupled with a rise in direct investment overseas, helped Japan post a 51 trillion yen annual increase in the value of net external assets held by the Japanese government, businesses and individuals.
Reuters
Bond yields climb, stocks under pressure as Fed cut doubts resurface
TOKYO (Reuters) -U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts. Benchmark U.S. 10-year yields ticked up as high as 4.568% in Tokyo trading hours, a level not seen since May 3, following poorly received two- and five-year Treasury auctions overnight. Investors were also caught off-guard by a sharp improvement in a U.S. consumer confidence measure for May. Economists had predicted a fourth straight month of weaker confidence, particularly after a tepid reading for the University of Michigan's analogous survey result from Friday.
AFP News
Oil rises, stock markets mixed before key inflation data
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week. "Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell off as the focus shifts to a plethora of economic data that is released this week," said XTB research director Kathleen Brooks.
Benzinga
Jeff Bezos Tells Investors, 'A Single Winning Bet Can More Than Cover The Cost Of Many Losers' — All You Need Is One Win
Jeff Bezos, one of the wealthiest and most successful individuals, often shared valuable lessons in his annual letters to Amazon shareholders before retiring as CEO. While these letters focused on Amazon, they also provided universal insights applicable to investors everywhere. A key piece of advice from Bezos' 2018 letter encapsulates his approach to risk and reward. He wrote, "The good news for shareowners is that a single big winning bet can more than cover the cost of many losers." This stat
Investing.com
Alibaba Health surges 13% on strong FY earnings
Investing.com-- Shares of Alibaba Health Information Technology (HK:0241) rose sharply on Tuesday after the firm clocked a sharp jump in its annual earnings on improved margins and strong demand for healthcare services and pharmaceuticals on its platforms.
Barrons.com
Nvidia Stock Got an Elon Musk Boost. It’s Narrowing the Valuation Gap With Apple.
Elon Musk’s xAI says it raised $6 billion in its latest funding round. Plenty of that cash should flow to Nvidia.
Benzinga
FED Warns Against Rising Delinquency Rates, Calls It A "Leading Indicator That Things Are About To Get Worse"
Austan Goolsbee, President of the Chicago Federal Reserve Bank, highlighted that consumer delinquencies are among the most worrisome economic indicators currently being monitored. His concerns now appear prescient as new data reveal a significant uptick in delinquency rates in the first quarter of 2024. "If the delinquency rate of consumer loans starts rising, that is often a leading indicator that things are about to get worse," Goolsbee stated. Recent figures from the Federal Reserve published
Reuters
Rupee lingers in narrow band even as most Asian currencies inch up
The Indian rupee was little changed on Tuesday, unable to gain from an uptick in most Asian peers, with traders anticipating rangebound moves until the outcome of India's general election. The dollar index dipped 0.1% to 104.4 while most Asian currencies rose, with the Korean won up 0.6%, leading gains. Analysts expect the rupee to mostly trade sideways heading into the India's election results, due on June 4.
Reuters SG
EMERGING MARKETS-Indonesia rupiah, Philippine peso emerge top losers in Asian FX
* Indonesia rupiah hits weakest since early May * Most Asian equities in the red * Vietnam's annual inflation accelerates By Archishma Iyer May 29 (Reuters) - The Indonesian rupiah and the Philippine peso led declines among weak emerging Asian currencies on Wednesday, as higher U.S. benchmark Treasury yields lifted the dollar, while investors remained wary of an important inflation reading that could drive global monetary policy. Most Asian currencies were also set to log monthly losses due to resilient economic data in the world's largest economy that has led markets to significantly pare back rate cut bets.
Insider Monkey
The Most Densely Populated Country in the World in 2024
In this article, we will reveal the most densely populated country in the world in 2024. If you wish to look at our detailed rankings, you can go to the 30 Most Densely Populated Countries in the World in 2024. According to a United Nations (UN) report, the global population is increasing rapidly. Having tripled […]
Reuters
Meme stock GameStop climbs after raising $933 million in share sales
The stock has since lost 70% of its value up to Friday's close, taking GameStop's market value to $5.82 billion. Earlier this month, GameStop said it expected its first-quarter net sales to drop to between $872 million and $892 million, from $1.24 billion a year ago. About 20.5% of GameStop's publicly available shares were in a short position, data from analytics firm Ortex Technologies showed.
Reuters
China Vanke sells Shenzhen land plot at loss-making reserve price
HONG KONG and BENGALURU (Reuters) -Embattled Chinese property developer China Vanke said on Monday it had completed the sale of a plot of land in Shenzhen for 2.24 billion yuan ($309.23 million), more than 27% below the price it paid for the block nearly seven years ago. The company is working to raise funds after saying last month it is facing short-term liquidity pressure, one of many companies to have been caught up in a broad-based cash crunch in China's crisis-hit real estate sector. Vanke's largest shareholder, state-owned Shenzhen Metro, and Shenzhen Baishuo Yinghai Investment jointly bought the plot at the reserve price, according to an online filing uploaded to a trading center in Shenzhen on Monday.

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Sampo Group's results for January–March 2024 will be published on 7 May 2024

Latest stories

4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits

KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say

City Developments (SGX:C09) investors are sitting on a loss of 19% if they invested five years ago

Are Singapore REITs Attractive Right Now? Here are 4 Factors You Should Watch Out for

Fed Rate Cuts Are Coming. Get Ready for the Stock Market’s Next Phase.

Seatrium reports net order book of $25.8 bil in 1QFY2024 business update

Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom

Bitcoin Slips. Why the Market Is Nervous.

Japan net external assets hit record high in 2023, remains world's top creditor

Bond yields climb, stocks under pressure as Fed cut doubts resurface

Oil rises, stock markets mixed before key inflation data

Jeff Bezos Tells Investors, 'A Single Winning Bet Can More Than Cover The Cost Of Many Losers' — All You Need Is One Win

Alibaba Health surges 13% on strong FY earnings

Nvidia Stock Got an Elon Musk Boost. It’s Narrowing the Valuation Gap With Apple.

FED Warns Against Rising Delinquency Rates, Calls It A "Leading Indicator That Things Are About To Get Worse"

Rupee lingers in narrow band even as most Asian currencies inch up

EMERGING MARKETS-Indonesia rupiah, Philippine peso emerge top losers in Asian FX

The Most Densely Populated Country in the World in 2024

Meme stock GameStop climbs after raising $933 million in share sales

China Vanke sells Shenzhen land plot at loss-making reserve price