Market View: UBS to cut over half of Credit Suisse’s 45,000-strong workforce; SIA’s CEO’s remuneration up 86%; Russia-based Don Agro International shares up as much as 89.5 per cent after proposing to sell crop and milk production businesses for 6.2b roubles; US reportedly mulling new AI chip export restrictions: Joe Biden says US will avoid recession

Your Way Home with Hongbin Jeong · Jun 28, 2023 · 12m

Singapore shares started trading in positive territory today, tracking gains in the US and Europe. In early trade, the Straits Times Index was up 0.5 per cent at 3,220.76 points after 51.3 million securities changed hands across the broader market. In terms of companies to watch, we have Catalist-listed Don Agro International. The Russia-based agricultural company has proposed to sell its crop and milk production business –for 6.2 billion roubles or around S$113 million. Meanwhile, from UBS preparing to cut over half of Credit Suisse’s 45,000-strong workforce to SIA’s remuneration for its…