Market View: UBS to fully absorb Credit Suisse’s domestic bank, looking at cost savings of over US$10b; Million of dollars reportedly invested in publicly traded stocks of Adani Group via “opaque” Mauritius funds; US PCE Expectations

Your Way Home with Hongbin Jeong · Aug 31, 2023 · 10m

Singapore stocks began trading stronger today after global markets ended mixed overnight. In early trade, the Straits Times Index (STI) was up 0.2 per cent to 3,225.89 points after 45.5 million securities changed hands in the broader market. In terms of companies to watch, we have Olam Group, after it secured a US$1.75 billion multi-tranche sustainability-linked facility through its wholly-owned food ingredients unit OFI. Meanwhile, from UBS set to absorb Credit Suisse’s domestic bank to news that millions of dollars were reportedly invested in some publicly traded stocks of India’s Adani…