S&P 500, Nasdaq end at fresh records
NEW YORK (AFP) - Wall Street stocks rallied on Thursday (Aug 5), lifting the S&P 500 and Nasdaq to fresh records following improving jobless claims data ahead of the key monthly employment report. Fewer Americans filed unemployment benefit claims last week, government data said, pushing the closely watched metric of labour market health lower as the US economy improves. The data comes ahead of Friday's closely watched monthly jobs report, which is expected to show the US economy added 925,000 jobs, with unemployment falling to 5.6 per cent. "The economic data were positive," said Art Hogan, chief strategist at National Securities, adding that news of increased vaccinations in response to the Delta variant of Covid-19 has also boosted sentiment. The Dow Jones Industrial Average gained 0.8 per cent to 35,064.25. The broad-based S&P 500 gained 0.6 per cent to 4,429.10, while the tech-rich Nasdaq Composite Index jumped 0.8 per cent to 14,895.12. Among individual companies, Uber rose 3 per cent after announcing a second-quarter profit fuelled by one-time gains and saying its ride-hailing business was showing signs of recovery. Stock trading platform Robinhood Markets dropped 27.6 per ce...
S&P 500 ends choppy session at fresh record
NEW YORK (AFP) - The S&P 500 finished at a fresh record on Friday (June 11), concluding a choppy session on an upbeat note as investors weighed consumer confidence and inflation data. A report released on Friday from the University of Michigan showed a rise in consumer confidence as the widespread availability of Covid-19 vaccines brought shoppers back to stores. "Looking ahead, we expect consumers will be more upbeat as the economy continues reopening and employment conditions heal further," said a note from Oxford Economics. "Current pandemic-related supply constraints will steadily ease, supporting a healthier laboor market and easing price pressures as economic dynamics normalise." Data released on Thursday showed the inflation rate at its highest level in 13 years, but the S&P 500 still finished the day's trading at a record as the market seemed to conclude the May data represented a peak for inflation. The Dow Jones Industrial edged up less than 0.1 per cent to 34,479.60. The broad-based S&P 500 added 0.2 per cent at 4,247.44, a second straight record, while the tech-rich Nasdaq Composite Index gained 0.4 per cent to 14,069.42. For the week, the Dow finished with modest losse...
Ether extends gains to fresh record above US$3,400
SINGAPORE (REUTERS) - Cryptocurrency ether extended gains to another record peak on Tuesday (May 4), after breaking above US$3,000 (S$3,988) for the first time a day earlier as investors bet on its growing utility. Early in Asia trade it traded as high as US$3,457.64 on the bitstamp exchange, for a session rise of about 17 per cent. Traders have attributed the gains - which amount to some 365 per cent for the year to date - to a catch up on bitcoin's late 2020 leap and as upgrades to the ethereum blockchain make it more useful. The ether/bitcoin cross rate stood at its highest in more than two-and-a-half years on Tuesday while bitcoin was steady at US$57,295. More on this topic Related Story Move over bitcoin, ether rockets to record high Related Story Digital dollar to rival bitcoin?
NutryFarm Enters into Two New Purchase Contracts for a Total Volume of 570 Containers of Fresh Durians from Thailand
SINGAPORE, Mar 18, 2021 - (ACN Newswire via SEAPRWire.com) - NutryFarm International Limited ("NutryFarm" or the "Company", and together with its subsidiaries, the "Group"), is pleased to announce that the Company's wholly owned subsidiary, Global Agricapital Holdings Pte. Ltd. ("GAH"), has entered into two binding purchase agreements with Royal Farm Group Co., Ltd ("RFG") and Thung Thang Thong Co., Ltd. ("TTT").Under the agreements, GAH has entrusted RFG and TTT to purchase an estimated volume of 270 and 300 containers of fresh durians in Thailand respectively.The price will be based on market price which is acceptable to GAH and the orders will be placed by GAH in batches. GAH shall made a pre-payment of not more than 30% of the order amount upon confirmation of each batch order with the remainder to be paid within thirty days after delivery.It is also agreed that RFG and TTT shall guarantee the quantity of goods shipped from Thailand and exercise strict quality control based on the requirement of the logistics partner as well as during transportation and warehousing.Led by the Group's CEO, Mr. Cheng Meng, an industry veteran in the durian industry, the Group has entered into var...