Latest / Your Way Home with Hongbin Jeong
Market View: TSMC’s second factory in Arizona delayed; Google’s US$1b data centre investment in UK; CitiGroup layoffs vs JPMorgan raising Jamie Dimon’s pay; Reddit reportedly going for an IPO; Bently sales down 11%; Guocoland’s consortium as sole bidder for Marina South white site
Singapore stocks were pulled into positive territory today, following overnight gains in global equity markets. In early trade, the Straits Times Index (STI) rose 0.6 per cent to 3,159.68 points after 34 million securities changed hands in the broader market. In terms of companies to watch, we have GuocoLand, as the property developer was part of a consortium that emerged as the sole bidder for a white site in Marina South. Elsewhere from CitiGroup's layoffs to a delay in the opening of TSMC’s second factory in Arizona, to Google’s US$1 billion data centre investment in the UK, and a possible…
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