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Market View: Nio reports net loss of nearly US$700m; UBS completes acquisition of Credit Suisse; Some Saudi Aramco’s customers to receive full nominated volumes of crude oil in July; Qatar Investment Authority targeting more investments in Asia and the US; Fed’s June monetary policy move
Singapore shares started the week higher today after US equities ended higher on expectations that interest rate hikes would be paused. In early trade, the Straits Times Index (STI) was up 0.3 per cent to 3,197.42 points after 34.5 million securities changed hands in the broader market. In terms of companies to watch for today, we have Nio, after the electric vehicle maker sunk deeper into the red in the first quarter of 2023. Meanwhile, from UBS completing the acquisition of former rival Credit Suisse to Qatar’s top dealmakers getting ready for a spending power boost and the US Federal…
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