Latest / Your Way Home with Hongbin Jeong
Market View: Keppel’s deal with GlobalFoundries; OCBC priced in S$450m in perpetual capital securities; Japanese shares soar to highest level in nearly 34 years; Twitch reportedly set to lay off 35% staff; From Google to VinFast - what to watch at the CES tech show in Las Vegas
Singapore stocks opened weaker today following overnight losses on Wall Street, as weak US trade data weighed on investor sentiment. In early trade, the Straits Times Index (STI) headed down 0.4 per cent to 3,186.34 points after 47.1 million securities changed hands in the broader market. In terms of companies to watch, we have for you OCBC. The lender has priced S$450 million in perpetual capital securities at 4.05 per cent under its US$30 billion global medium-term note programme. Elsewhere, from Amazon’s Twitch reportedly set to lay off employees to key corporate developments out of the…
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