Market View: SingPost’s hikes standard mail rates by 65%; NIO to issue US$500m convertible senior notes; Sunac and Country Garden struck debt deals with creditors; US Fed’s rate expectations for Sep and Nov; Gold price movements before Fed decision

Your Way Home with Hongbin Jeong · Sep 19, 2023 · 10m

Singapore shares started the day nearly flat, tracking a more subdued performance across the US and Europe as investors anticipate the Federal Reserve’s next rate hike decision. In early trade, the Straits Times Index (STI) inched up 0.03 per cent to 3,264.42 points after 27 million securities changed hands in the broader market. In terms of companies to watch, we have Singapore Post, after the postal service provider said it is introducing a significant rate increment for the first time in almost a decade. Elsewhere, more on NIO to Sunac and Country Garden forging debt deals with creditors…