(RTTNews) - The Singapore stock market on Tuesday ended the three-day losing streak in which it had tanked almost 180 points or 3.5 percent. The Straits Times Index now sits just above the 5,020-point plateau although it's likely to head south again on Wednesday.
(RTTNews) - The Singapore stock market on Tuesday ended the three-day losing streak in which it had tanked almost 180 points or 3.5 percent. The Straits Times Index now sits just above the 5,020-point plateau although it's likely to head south again on Wednesday.
Fintech company iCapital has more than doubled its office footprint in Hong Kong, leasing a 9,000 sq ft space in One International Finance Centre in the city’s Central business district as it staffs up to capture rising demand for wealth-management services in Asia. The US company, which opened its office in Hong Kong five years ago, is preparing for its next stage of growth, said Tuan Lam, head o...
Fintech company iCapital has more than doubled its office footprint in Hong Kong, leasing a 9,000 sq ft space in One International Finance Centre in the city’s Central business district as it staffs up to capture rising demand for wealth-management services in Asia. The US company, which opened its office in Hong Kong five years ago, is preparing for its next stage of growth, said Tuan Lam, head of Asia-Pacific at iCapital. The firm’s previous office was in the St George’s Building on Ice House...
Japan could be heading into one of the worst typhoon seasons in its history, raising fears that stronger, more frequent storms will challenge not only the country’s disaster defences but also a summer travel industry already stretched by packed trains, hotels and itineraries. Tokyo-based Weathernews, a private meteorological firm providing long-range forecasts across Asia, has predicted that as ma...
Japan could be heading into one of the worst typhoon seasons in its history, raising fears that stronger, more frequent storms will challenge not only the country’s disaster defences but also a summer travel industry already stretched by packed trains, hotels and itineraries. Tokyo-based Weathernews, a private meteorological firm providing long-range forecasts across Asia, has predicted that as many as 28 typhoons could affect Japan this year, with up to 14 potentially making landfall – well...
David D. Petratis, a director at MasterBrand (NYSE:MBC) , reported an open-market purchase of 11,587 shares on June 8, 2026, as disclosed in a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($8.82); post-transaction value based on June 8, 2026 market close ($8.58). * 1-year performance is calculated using June 8, 2026 as the reference date. Continue readi...
David D. Petratis, a director at MasterBrand (NYSE:MBC) , reported an open-market purchase of 11,587 shares on June 8, 2026, as disclosed in a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($8.82); post-transaction value based on June 8, 2026 market close ($8.58). * 1-year performance is calculated using June 8, 2026 as the reference date. Continue reading
Eyeing massive new shipping facilities near the Three Gorges dam, China has formally begun construction on an ambitious project to enable the passage of larger vessels and streamline logistics along the nation’s most critical waterway. The centrepiece of the planned 77.2 billion yuan (US$11.4 billion) infrastructure buildout, which looks to span nearly a decade, is a series of mega ship locks – co...
Eyeing massive new shipping facilities near the Three Gorges dam, China has formally begun construction on an ambitious project to enable the passage of larger vessels and streamline logistics along the nation’s most critical waterway. The centrepiece of the planned 77.2 billion yuan (US$11.4 billion) infrastructure buildout, which looks to span nearly a decade, is a series of mega ship locks – colossal structures also known as “water elevators” or “water staircases” that are built into a...
Gold and silver are eternally attractive metals, but lately they haven't been ideal investments. On recent declines in the prices of the two, SSR Mining (NASDAQ: SSRM) -- which mines both metals -- saw its stock price decrease by more than 3% on Tuesday. The rout in precious metals started last Friday, just after the federal government's Bureau of Labor Statistics released its latest monthly emplo...
Gold and silver are eternally attractive metals, but lately they haven't been ideal investments. On recent declines in the prices of the two, SSR Mining (NASDAQ: SSRM) -- which mines both metals -- saw its stock price decrease by more than 3% on Tuesday. The rout in precious metals started last Friday, just after the federal government's Bureau of Labor Statistics released its latest monthly employment report. The striking feature of this digest was the 172,000 new jobs created in May, far higher than the consensus estimate of 80,000. Immediately, and understandably, this led to widespread speculation that the Federal Reserve is more likely to raise than cut interest rates in the near future. Image source: Getty Images. Continue reading
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as chip stocks resumed their slide, and what's on the radar for the next session. Oracle The tech giant reports after the bell on Wednesday. Oracle is up nearly 36% in the last th...
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as chip stocks resumed their slide, and what's on the radar for the next session. Oracle The tech giant reports after the bell on Wednesday. Oracle is up nearly 36% in the last three months. CNBC options reporter Oliver Renick reported on Tuesday that the implied move before the earnings release is 12%. That means based on past post-earnings moves, investors believe the stock could move up or down 12% after the report. Renick also reported that call buying outpaced puts 2 to 1 Tuesday. CNBC's Seema Mody will have the numbers when they cross after the bell with the instant stock reaction. ORCL 3M mountain Oracle in the past three months The pharmaceuticals sector Jim Cramer said on "Mad Money" Tuesday night, "I like the drug stocks here." S & P Health Care was up 1.3% Tuesday. It's off 3.5% from the February high. S & P Pharma, Biotech and Life Sciences Industry is up 8.6% in the last month. Cramer recently bought Johnson & Johnson for his chartable trust. The stock has gained 6% since he bought it on June 1. Shares are down 6% from the high reached on March 2. The stock is up about 53% in a year. Target CNBC Fast Money Trader Guy Adami pointed out on the big show Tuesday night: Shares are up 52% from the November low. Target was up 2% on Tuesday and is now down 5% from the April 21 high. TGT 6M mountain Target shares in the past six months Italy CNBC data guru Gina Francolla and " Morning Call " anchor Morgan Brennan were all over Italy on Tuesday. The iShares MSCI Italy ETF (EWI) , which tracks Italy's biggest stocks including Ferrari, defense and aerospace company Leonardo, Telecom Italia and a bunch of Italian banks, hit a new high Tuesday. EWI was up 2.5% at one point in the session, but it ended the day up just 1.5%. The ETF is up 11% in three ...
Alberta is set to propose a “general corridor” for a planned new million-barrel-a-day oil pipeline to the northern British Columbia coast rather than a specific route, the provincial minister of Indigenous relations said. The province is considering a general path to the northwest BC coast near Prince Rupert for the new pipeline, with the specific route to be determined later through consultations...
Alberta is set to propose a “general corridor” for a planned new million-barrel-a-day oil pipeline to the northern British Columbia coast rather than a specific route, the provincial minister of Indigenous relations said. The province is considering a general path to the northwest BC coast near Prince Rupert for the new pipeline, with the specific route to be determined later through consultations with Indigenous communities, Minister Rajan Sawhney said in an interview at the Global Energy Show in Calgary. The proposal will be with the federal government’s Major Projects Office by July 1. “There is not going to be any particular route that is going to be articulated because you can’t really do that without Indigenous voices at the table,” she said. “As of yet, there is no community that has come forward and said, ‘Yes, come to our community.’ ” Alberta Premier Danielle Smith has made the construction of a new pipeline to BC a central goal of her government as part of a plan to eventually double oil production and increase exports to Asia. Her preferred northern route for the project faces stiff opposition from some First Nations along the coast as well as BC Premier David Eby . Read More: Cenovus CEO Rips Carbon Capture-Pipeline Plan as ‘Unfinanceable’ Canadian Prime Minister Mark Carney has pledged to back the new pipeline in exchange for a series of measures including a higher industrial carbon tax and the deployment of a long-planned carbon capture project in the oil sands, called Pathways, to reduce emissions. On Tuesday, Cenovus Energy Inc. Chief Executive Jon McKenzie said in a speech that the government’s condition of building a massive carbon-capture project and implementing an industrial carbon tax in exchange for an oil-sands pipeline was anticompetitive and uneconomic.
The US military launched fresh airstrikes against Iran hours after President Donald Trump vowed to retaliate for the shooting down of a US Army helicopter. Bloomberg's Romy Varghese breaks down the situation. (Source: Bloomberg)
The US military launched fresh airstrikes against Iran hours after President Donald Trump vowed to retaliate for the shooting down of a US Army helicopter. Bloomberg's Romy Varghese breaks down the situation. (Source: Bloomberg)