Singapore markets closed
  • Business
    Reuters

    Toronto index up as tech, cyclical stocks gain

    Canada's main stock index rose on Friday, putting it on track for its best weekly performance in more than three months, aided by gains in technology and cyclical shares amid an upbeat mood in global equities. At 9:47 a.m. ET (13:47 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 87.44 points, or 0.43%, at 20,619.62. Sentiment in global markets remained buoyant on an optimistic earnings outlook and as the Federal Reserve minutes released earlier this week eased concerns about aggressive interest rate hikes.

  • Business
    Reuters

    Wall St gains as economic data allays growth concerns

    U.S. stocks rallied on Friday, boosted by upbeat earnings, strength in consumer spending and signs that inflation was peaking, easing worries about a sharp slowdown in economic growth. Ulta Beauty gained 11.1% to top the S&P 500 index after the beauty products retailer posted strong first-quarter results, helped by easing COVID-19 curbs. Dell Technologies Inc jumped 11.6% after it posted upbeat quarterly profit and revenue as enterprises invested heavily in supporting hybrid work.

  • Business
    Reuters

    Exclusive-Japanese buyout firms JIP, Polaris considering bids for Toshiba - sources

    Japanese buyout firms Japan Industrial Partners (JIP) and Polaris Capital Group are each considering participating in bids for Toshiba Corp, two people familiar with the matter said on Friday. Toshiba, which has been bedevilled by accounting and governance crises since 2015, set up a special committee last month to explore strategic options, including potential deals to go private, after shareholders voted down a management-backed restructuring plan. Both funds, far smaller than some global private equity firms, would need to team up with others, the sources said.