Singapore factory output extends rebound, rising 8.6%
Electronics and precision engineering put in the heavy lifting last month to keep manufacturing output heading north. Factory output rose 8.6 per cent year on year in January for a […]
Singapore shares end week on flat note after directionless day
Local shares ended the week on a flat note after a session that lacked direction for much of the day. Optimism also took a hit from news of a 3.6 […]
Singapore shares up for third straight session; STI gains 0.16%
The huge US$1.9 trillion (S$2.52 trillion) Biden stimulus package spurred investors to push the local market higher for the third straight session yesterday. The optimism sent the benchmark Straits Times […]
Samsung flags 26% rise in Q4 profit on chip, display sales
SEOUL (REUTERS) – Samsung Electronics said on Friday (Jan 8) that fourth-quarter operating profit likely rose 26 per cent, in line with analysts’ estimates, as pandemic-driven remote working fuelled sales […]
Australia home prices end rocky 2020 on recovery track
SYDNEY (REUTERS) – Australian home prices climbed for a third straight month in December as 2020 ended on a strong note across major cities and regional markets, with analysts expecting […]
Gold firms as US dollar slides to multi-year low
BENGALURU (REUTERS) – Gold prices edged higher on Wednesday (Dec 30), as the prospect of increased fiscal aid pushed the US dollar to its lowest in more than two years, […]
Gold climbs to six-week high on US stimulus news
BENGALURU • Gold climbed to a six-week high yesterday, driven by news that United States congressional leaders had reached an agreement on a Covid-19 aid package, while lockdowns in Britain […]
STI slips 0.3% amid uncertainty over Brexit, US stimulus package
Continued uncertainty about the Brexit talks and a United States stimulus package caused Singapore shares to end the week lower alongside other markets in the region. The benchmark Straits Times […]
Nasdaq ends at fresh record in bullish Wall Street session
NEW YORK (AFP) – The Nasdaq powered to a fresh record on Tuesday (Dec 15), fuelled by optimism over coronavirus vaccines and revived congressional efforts to pass a spending package […]
STI up 1.19% as Asian equities rally after Biden’s election win
Singapore stocks rallied yesterday following news that Democrat challenger Joe Biden was declared president of the United States at the weekend, easing the uncertainty over the outcome of the election. […]
Samsung Q3 operating profit jumps 59% on strong smartphone sales
SEOUL (REUTERS) – Samsung Electronics reported a 59 per cent rise in quarterly operating profit on Thursday (Oct 29) as US restrictions on China’s Huawei Technologies boosted the South Korean […]
S&P 500, Dow slip on worries about earnings, US stimulus outlook
NEW YORK (REUTERS) – Stocks on Wall Street closed little changed on Tuesday (Oct 27), with the Dow and S&P 500 slipping on disappointing earnings and little hope for a […]
STI ends week higher, in line with Wall Street
Local shares ended the week on a high, in tandem with Wall Street stocks that rose on hopes of a stimulus package. Market watchers noted that the final US presidential […]
Regional markets mixed on uncertainties in US
Regional investors seemed stuck in limbo yesterday seeking signs of certainty regarding a stimulus package in the United States while also keeping a wary eye on the looming presidential election […]