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Market View: Nvidia-backed CoreWeave looking to spend US$20-23B this year on AI infrastructure, data centre capacity; SingPost shares plunges nearly 12%; Genting Singapore, ComfortDelGro to watch; Starbucks reportedly kickstarting process to sell stake in

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Manage episode 482900755 series 2467889
Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Singapore shares rose today as all eyes remained on the global trade situation.

The Straits Times Index was up 0.34% at 3,884.08 points at 11.46am Singapore time, with a value turnover of S$639.05M in the broader market.

In terms of companies to watch, we have Genting Singapore, after the company said its chief executive officer Tan Hee Teck will step down. The firm also announced its financial results for the first quarter ended March.

Meanwhile, from SingPost’s shares plunging nearly 12 per cent this morning on the back of its result release, to Starbucks reportedly kicking off its process to sell stake in its China business – more corporate and international headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.

See omnystudio.com/listener for privacy information.

  continue reading

4541 episodes

Artwork
iconShare
 
Manage episode 482900755 series 2467889
Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Singapore shares rose today as all eyes remained on the global trade situation.

The Straits Times Index was up 0.34% at 3,884.08 points at 11.46am Singapore time, with a value turnover of S$639.05M in the broader market.

In terms of companies to watch, we have Genting Singapore, after the company said its chief executive officer Tan Hee Teck will step down. The firm also announced its financial results for the first quarter ended March.

Meanwhile, from SingPost’s shares plunging nearly 12 per cent this morning on the back of its result release, to Starbucks reportedly kicking off its process to sell stake in its China business – more corporate and international headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.

See omnystudio.com/listener for privacy information.

  continue reading

4541 episodes

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