Archive | Singapore Trading News

Keppel says Mermaid Maritime unit uses option for US$184m rig

Keppel says Mermaid Maritime unit uses option for US$184m rig Keppel Corp (KPLM.SI), the world’s largest oil rig builders, said on Sunday a unit of Singapore-listed Mermaid Maritime (MMPC.SI) has exercised the first of two options to build a jackup rig worth US$184 million ($226 million). The latest deal took the total new orders of […]

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SGX to scrap trading lunch break from Aug 1 (All-Day Stock Trading)

The Singapore Exchange (SGX) will begin all-day stock trading from 1 August, dropping its usual 90-minute lunch break. The SGX said all-day trade will help investors respond better to regional market movements and news flow. But some market participants remain sceptical about the move and have called it a “radical change”. It was a move […]

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Dot Commodity joins SGX as trading member

Singapore Exchange (SGX) on Wednesday welcomed Dot Commodity, one of Japan’s top commodity futures broker by volume, to its derivatives market as a trading member. SGX is the first exchange outside of Japan that Dot Commodity has joined. Dot Commodity’s president, Jin Funada, said the firm wants to expand its product offerings and looks forward […]

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Good branding, good sales

A strong corporate brand can boost sales and lead to higher revenue growth. That is according to a recent study which showed that about 80 per cent of companies with a branding campaign achieve consistently higher incomes, compared to firms that don’t have a branding strategy. The study by consulting firm StrategiCom surveyed the branding […]

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SGX-listed firms to get sustainability guide

In a bid to boost transparency and stay ahead, the Singapore Exchange (SGX) has launched a sustainability guide for its listed companies. This guide outlines best practices for companies with regard to sustainability reporting. In 1992, there were only 26 sustainability reports world wide, compared to the more than 5,000 today. While sustainability reporting within […]

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Global Logistic Properties (GLP) to partner Unicharm

SINGAPORE : Global Logistic Properties (GLP) has signed a strategic partnership framework agreement with Unicharm, a Japan-based leading manufacturer.  The agreement outlines a strategic partnership in the development of logistics facilities for manufacturing bases of Unicharm in China.  It starts with a Build-to-Suit (BTS) development agreement with Unicharm and Tianjin Xiqing Economic Development Area (XEDA), to develop […]

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SGX will re-tool corporate governance

Singapore Exchange (“SGX”) is consulting the public on amendments to the listing rules to enhance shareholder engagement, encourage participation at general meetings and increase disclosure of voting outcomes. SGX is of the view that communication and engagement of shareholders by listed companies are important components of good governance. The proposed rule revisions are as follows:- […]

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SGX introducing new templates for new product disclosures

The Singapore Exchange (SGX) is introducing a new set of templates for new product disclosures to enhance the readability of term sheets for warrants, debentures and funds. SGX said a consistent presentation of product features and risks will help investors have a clear and efficient comparison of competing products in the market. As such, it […]

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SGX strengthens risk management team with new appointments

Singapore Exchange (SGX) has strengthened its Risk Management and Regulatory team with new appointments. Mr Richard Teng has been appointed as Head of Regulation. He’s responsible for overseeing Issuer Regulation, Catalist Regulation, Member Supervision, Market Surveillance and Enforcement. Mr Teng will closely support Ms Yeo Lian Sim, the Chief Regulatory officer, to fulfil and uphold […]

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JPMorgan to settle securities fraud charges

A JPMorgan Chase affiliate will pay $153.6 million to settle charges it misled investors in a mortgage securities deal as the housing market bubble was collapsing, regulators said Tuesday. The Securities and Exchange Commission said that JP Morgan Securities, one of the Wall Street bank’s broker-dealer affiliates, has agreed to repay fully the harmed investors. […]

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3 Reasons Why Stocks Are Supposed to Rally

If you’ve read any of my articles before you know that I have a mini obsession of reading (and quoting) headlines. As a contrarian, I always like to have a pulse on the media’s outlook because it can provide valuable contrarian clues. Here are some of the headlines featured last week: ‘Greek default could trigger […]

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How the major stock indexes fared Tuesday

How the Dow Jones industrial average and other stock indexes fared in Tuesday trading Stocks rose for a fourth day straight Tuesday on hopes that a vote of confidence in the Greek government will help the country avoid a default. A successful vote could reassure investors that the country will push through budget cuts required […]

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Symbol Bid Ask Spread
EURUSD 1.17570 1.17590 2
GBPUSD 1.28210 1.28240 3
USDCAD 1.25370 1.25400 3
USDJPY 109.300 109.320 2
USDCHF 0.96750 0.96780 3
AUDUSD 0.79220 0.79250 3
NZDUSD 0.72930 0.72980 5
EURGBP 0.91680 0.91710 3
EURCHF 1.13760 1.13790 3
EURJPY 128.510 128.540 3
AUDJPY 86.580 86.630 5
GBPJPY 140.130 140.190 6
XAUUSD 1286.91 1287.31 40
XAGUSD 16.975 16.989 1.4