Market View: Singapore stock market wrap; Ascent Bridge’s chief executive faces bankruptcy charges; CDL’s acquisition of St Katharine Docks in London; Del Monte’s net profits down 62% yoy; SVB Financial Group’s move to raise cash; US President Joe Biden’s budget proposal; Non-farm payroll figures

Your Way Home with Hongbin Jeong · Mar 10, 2023 · 11m

Singapore shares struggled to advance at the open, following a retreat on Wall Street amid worries over the financial sector. The Straits Times Index headed down 0.6 per cent in early trade to 3,194.73 points, after 54.3 million securities changed hands. Some notable names seeing new developments include City Developments Limited, after the property developer completed its acquisition of the St Katharine Docks development in London for £395 million (S$636 million). But how significant is the acquisition for CDL? Another company to watch would be Del Monte Pacific, after the canned food brand…