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Reuters
Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore
SINGAPORE (Reuters) -Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore. Reuters reported last August that Shell had hired Goldman Sachs to explore a potential sale of its refining and petrochemical plants in Singapore as part of a broader strategic review globally to become a lower-carbon operator.
Simply Wall St.
Q & M Dental Group (Singapore) (SGX:QC7) shareholders have endured a 48% loss from investing in the stock three years ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
Barrons.com
Bitcoin Drops. Why Almost Everyone Was Wrong About the ‘Halving.’
The halving is a change to Bitcoin’s programmatic monetary policy which cut in half the issuance of new tokens, restricting supply.
The Smart Investor
UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings
UOB is the second Singapore bank to report its earnings. The post UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings appeared first on The Smart Investor.
BBC
FTX says it has billions more than owed to victims
The failed cryptocurrency giant says it has billions of dollars more than needed to cover its debts.
Reuters
China's Country Garden aims to pay missed coupons by next week
HONG KONG (Reuters) -Embattled Chinese property developer Country Garden said it was unable to pay two onshore coupons due on Thursday, but China Bond Insurance Co would do so on its behalf if it missed paying within a grace period that ends next week. Such a move would be the first time the state-owned company has come to the rescue of an issuer under a Beijing-led programme launched in 2022 to bolster investor confidence, and analysts warned it could make future issuance harder. Country Garden, which defaulted on its $11 billion of offshore bonds and extended other onshore bond repayments late last year, said in a filing it was unable to pay onshore coupons due on Thursday, though it was still trying to raise funds.
Fortune
This is the Amazon everyone should have feared
Amazon's financial results are letting it both invest aggressively in its future while its business pumps out real profits.
The Smart Investor
4 US Growth Stocks That Can Lift Your Portfolio to New Heights
Looking for capital gains? These four growth stocks may just be right for your portfolio. The post 4 US Growth Stocks That Can Lift Your Portfolio to New Heights appeared first on The Smart Investor.
CoinDesk
Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said.
INSIDER
The US dollar is so strong that China's central bank, among others, just keeps loading up on gold
Not just China, but other central banks, including Turkey and India, are loading up on gold amid a stronger US dollar.
Reuters
Stocks and bonds wobble as global economy throws off mixed signals
LONDON (Reuters) -Investors have gone from bracing for a U.S. recession to positioning for the world's biggest economy to keep chugging along. European growth is also better than anticipated a few months ago, a challenge for traders trying to divine how much central bankers will lower interest rates. Many analysts said this would be the year U.S. growth buckled, after the same predictions proved woefully wrong in 2023.
Simply Wall St.
Exploring Top Dividend Stocks In Singapore May 2024
As of May 2024, the Singapore market continues to attract attention with its robust economic indicators and stable financial environment, fostering confidence among investors. Amidst this backdrop, dividend stocks remain a focal point for those seeking steady income streams in a landscape marked by ongoing global economic adjustments. In light of current market conditions, a good dividend stock typically combines reliable payouts with strong business fundamentals, making it an appealing...
AFP News
Japanese auto giant Toyota posts record net profit
Toyota reported record annual net profit of more than $30 billion on Wednesday but the world's largest automaker by sales warned that the current year would be less spectacular.For this year it expects net profit of 3.57 trillion yen, down 27.8 percent, because of investments in "growth areas" such as electric and hydrogen cars, as well as in "human capital".
Yahoo Finance
The meme stock surge doesn't appear to be the ominous signal it has been
The recent meme stock moment might be thought of as an indication that exuberance has once again gone too far. But this time, a closer look at seven key meme stocks shows that it might be a perfectly good sign for the market.
Reuters
Shell's Singapore refinery sale and its market significance
Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore, culminating a process that began last year. WHY IS SHELL SELLING ITS SINGAPORE "CROWN JEWEL" REFINERY?
Reuters
Trafigura to buy more of Greenergy in renewable portfolio boost
(Reuters) -Global commodity trader Trafigura has agreed to buy more of UK-based biodiesel firm Greenergy, boosting its position in renewable energy after unveiling plans to acquire the firm's European business roughly two months ago. Major commodities traders are still trying to figure out where to invest their record earnings from the last few years. Trafigura on Wednesday expanded its deal with Brookfield Asset Management and its listed affiliate Brookfield Business Partners to buy Greenergy's Canadian business for an undisclosed sum.
The Telegraph
London’s stock market collapse is ‘massively overstated’, says Hunt
Concerns over the demise of London’s stock market are “massively overstated”, Jeremy Hunt has said.
Reuters
Chinese chip maker SMIC says revenue up 20% as clients restock
BEIJING (Reuters) -China's largest contract chipmaker SMIC reported a first-quarter revenue rise of 19.7% on Thursday, as its global customers rebuilt their inventories. SMIC said in a statement that its revenue rose to $1.75 billion for the three months through March, topping the $1.69 billion forecast by analysts polled by LSEG. "In the first quarter 2024, our global customers are more willing to build up inventory," SMIC said, adding that demand from some is expected to continue in the current quarter.
Associated Press
Japanese automaker Nissan reports 92% jump in profit as sales surge
Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen ($2.7 billion) as sales grew in all major global markets except China, the Japanese automaker said Thursday. Annual sales surged nearly 20% to 12.7 trillion yen ($81.5 billion), Nissan Motor Co. said. For the January-March quarter, profit at Nissan, based in the port city of Yokohama, edged down slightly to 101.3 billion yen ($650 million) from 106.9 billion yen.
The Smart Investor
4 Singapore Stocks Poised to Pay Out Higher Dividends
These four companies could be on the cusp of paying out more dividends. The post 4 Singapore Stocks Poised to Pay Out Higher Dividends appeared first on The Smart Investor.

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Nkarta to Participate in Upcoming Investor Conferences

Latest stories

Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore

Q & M Dental Group (Singapore) (SGX:QC7) shareholders have endured a 48% loss from investing in the stock three years ago

Bitcoin Drops. Why Almost Everyone Was Wrong About the ‘Halving.’

UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings

FTX says it has billions more than owed to victims

China's Country Garden aims to pay missed coupons by next week

This is the Amazon everyone should have feared

4 US Growth Stocks That Can Lift Your Portfolio to New Heights

Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom

The US dollar is so strong that China's central bank, among others, just keeps loading up on gold

Stocks and bonds wobble as global economy throws off mixed signals

Exploring Top Dividend Stocks In Singapore May 2024

Japanese auto giant Toyota posts record net profit

The meme stock surge doesn't appear to be the ominous signal it has been

Shell's Singapore refinery sale and its market significance

Trafigura to buy more of Greenergy in renewable portfolio boost

London’s stock market collapse is ‘massively overstated’, says Hunt

Chinese chip maker SMIC says revenue up 20% as clients restock

Japanese automaker Nissan reports 92% jump in profit as sales surge

4 Singapore Stocks Poised to Pay Out Higher Dividends