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Market View: Wall Street banks predict biggest China rate cuts in a decade; Intel appoints two chip veterans to board; Musk’s xAI raised US$6b in new capital; SingPost placed on CreditWatch negative by S&P; Property tycoon Gordon Tang and wife Celine offer to buy all units of Suntec Reit; Sembcorp Industries, OKH Global and more
Singapore shares opened in the red today, mirroring declines in the broader Asian region. In early trade, the benchmark Straits Times Index (STI) was down 0.4 per cent, at 3,807.9 points after 54.3 million securities changed hands in the broader market. In terms of companies to watch today, we have Sembcorp Industries, after the group’s wholly owned subsidiary, Sembcorp Fuels, signed a 10-year sale-and-purchase agreement with oil major Chevron Corp for approximately 0.6 million tonnes of liquefied natural gas each year. Elsewhere, from more on how Wall Street banks are predicting the biggest…
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