Wall Street did its bit for confidence as well, with buoyant Netflix subscriber numbers and President Trump’s big-spending enthusiasm over artificial intelligence sending the tech-heavy Nasdaq surging 1.3 per cent while the S&P 500 added 0.6 per cent and the Dow industrials rose 0.3 per cent.

SINGAPORE shares started trading in positive territory on Thursday (Jan 23) morning, mirroring overnight gains in global markets. Read more at The Business Times.

Law Minister K Shanmugam's Facebook post was a response to a Wall Street Journal article about US President Joe Biden commuting the death sentences of 37 inmates Law and Home Affairs Minister K Shanmugam said on Sunday that personal feelings are "set aside" to protect the majority of people in Singapore when it comes to the death penalty.

For 2024, core inflation averaged 2.7%, pulling back sharply from the 4.2% rate seen in 2023. The headline measure came in at 2.4% versus 4.8% in 2023, suggesting that policymakers' efforts to tame price pressures have been a success.

The outcome here left the Straits Times Index (STI) down a chunky 1.6 per cent or 61.04 points to 3,801.56, with the banks taking a major hit. Losers outnumbered gainers 346 to 192 on trade of 898.6 million securities worth $1.2 billion.

While higher longer-term bond yields can be a benefit to net interest income growth and margins for lenders, they can also signal additional pressure on consumers and slow the pace of borrowing.

Asia-Pacific markets trade higher on Monday following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US President-elect’s inauguration

ASIAN markets extended a global rally on Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year. Read more at The Business Times.

SINGAPORE — SINGAPORE — Seagate Technology Holdings plc (STX) on Tuesday reported fiscal second-quarter earnings of $336 million. On a per-share basis, the Singapore-based company said it had net income of $1.55. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.03 per share.

For 2024, core inflation averaged 2.7%, pulling back sharply from the 4.2% rate seen in 2023. The headline measure came in at 2.4% versus 4.8% in 2023, suggesting that policymakers' efforts to tame price pressures have been a success.

Many of President Trump’s initial policies are expected to be dollar bullish in early 2025, but the longer-term effects will be anything but straightforward, TD Securities strategists reckoned. The dollar snapped a two-day losing streak.

Wall Street's main indexes were set to open higher on Wednesday, with the tech-heavy Nasdaq leading gains, as investors cheered streaming giant Netflix's strong quarterly performance and President Donald Trump's multi-billion dollar support to bolster AI infrastructure.