Singapore shares started the day lower after US and European markets ended mostly in the red overnight, as a liquidity crisis faced by Credit Suisse sparked fears across trading floors.

The Straits Times Index shed 0.9 per cent in early trade to 3,143.43 points as 48.2 million securities changed hands.

In terms of companies to watch, we have Prudential. The insurer yesterday posted profit from continuing operations of US$998 million for FY2022. That’s down 54 per cent from the previous year due to a decline in profit from its Indonesia segment.

Meanwhile, the global financial sector continues to be in focus after signs of trouble at Swiss lender Credit Suisse sent traders running for the hills.

On Market View, the Drive Time team closer look at these developments with David Chow, Director Azure Capital. They also discussed Credit Suisse’s move to borrow from the Swiss National Bank and the launch of Baidu’s Ernie Bot shortly after OpenAI’s unveiling of GPT-4. 

Singapore shares started the day lower after US and European markets ended mostly in the red overnight, as a liquidity crisis faced by Credit Suisse sparked fears across trading floors.
The Straits Times Index shed 0.9 per cent in early trade to 3,143.43 points as 48.2 million securities changed hands.
In terms of companies to watch, we have Prudential. The insurer yesterday posted profit from continuing operations of US$998 million for FY2022. That’s down 54 per cent from the previous year due to a decline in profit from its Indonesia segment.
Meanwhile, the global financial sector continues to be in focus after signs of trouble at Swiss lender Credit Suisse sent traders running for the hills.
On Market View, the Drive Time team closer look at these developments with David Chow, Director Azure Capital. They also discussed Credit Suisse’s move to borrow from the Swiss National Bank and the launch of Baidu’s Ernie Bot shortly after OpenAI’s unveiling of GPT-4.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: Prudential’s profits down 54% yoy due to its Indonesia segment; CapitaLand Integrated Commercial Trust’s subsidiary issuing HK$755m fixed rate notes; First year ‘anniversary’ of US Fed hikes; Credit Suisse to borrow 50 billion francs from Swiss National Bank; Saudi National Bank will not up stake in Credit Suisse; Launch of Baidu’s Ernie Bot to rival OpenAI’s ChatGPT

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