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soft start expected for singapore stock market amid global uncertainties
The Singapore stock market ended its three-day winning streak, with the Straits Times Index dropping 21.10 points to close at 3,799.93. Losses in property and industrial sectors were offset by gains in trusts, while global markets showed weakness ahead of the Federal Reserve's interest rate decision. Wall Street's decline was driven by a pullback in technology stocks, and oil prices fell amid concerns over global demand and potential oversupply.
Marina Bay Sands seeks record 12 billion dollar loan for expansion
Marina Bay Sands Pte is seeking to secure a loan of up to S$12 billion ($8.9 billion) to fund its casino resort expansion in Singapore, which would mark the largest financing deal in the city-state's history. DBS Group Holdings Ltd., Malayan Banking Bhd., Oversea-Chinese Banking Corp., and United Overseas Bank Ltd. are coordinating the loan arrangements.
Marina Bay Sands seeks record 9 billion dollar loan for expansion
Marina Bay Sands is pursuing a loan of approximately S$12 billion ($9 billion) to finance the expansion of its casino resort in Singapore, potentially marking the largest loan in the country’s history. The financing, coordinated by major banks including DBS Group and United Overseas Bank, will have a seven-year term and will be syndicated to additional lenders. Terms are still under negotiation and may change.
swiss stock market declines as trump administration raises tariff concerns
The Swiss stock market experienced a decline amid concerns over potential tariffs from the new Trump administration, which could lead to inflation and hinder interest rate cuts by the Fed. The euro faced pressure as Trump's Republican Party secured a majority in the US House of Representatives, facilitating his legislative agenda.
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