FINWIRES — Financial News

Singapore Shares Plummet, Track Regional Losses Following Collapse of US-Iran Peace Talks

Singapore shares sank on Monday, tracking broader regional losses after the US-Iran peace talks in Islamabad ended without a resolution.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,965.48 and 4,984.17 throughout the day. It ended the session at 4,984.17, down 5.24 points or 0.1% compared to Friday's close.Following the breakdown in discussions, the US military said that it will block all maritime traffic entering and exiting Iranian ports, with Tehran terming the US blockade as "illegal".On the corporate fund, shares of Mary Chia (SGX:5OX) slumped over 9% at the close as it received a statutory demand from Fullink Capital in respect of an alleged sum of around SG$902,640.Medtecs International (SGX:546) was down over 2% as the company pulled the plug on its joint venture with Shijiazhuang Hongray, following a strategic review of plans and prevailing market conditions.Meanwhile, CapitaLand Investment (SGX:9CI) closed its CapitaLand Asia Pacific Credit Program II (ACP II), securing $320 million in total equity commitments.

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Jefferies Upgrades Starbucks to Hold From Underperform, Adjusts Price Target to $92 From $86

Starbucks (SBUX) has an average rating of hold and mean price target of $100.16, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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KeyBanc Upgrades T-Mobile US to Overweight From Sector Weight, Price Target is $260

T-Mobile US (TMUS) has an average rating of overweight and mean price target of $266.74, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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US Markets11d ago

Indonesian Retail Sales Expected to Strengthen in March

Holiday foot traffic is expected to have boosted retail sales in Indonesia in March, reported Bank Indonesia on Monday.The nation's Real Sales Index (RSI) survey for March, in which respondents estimate sales, rose 2.4% on year, said the central bank.The rise in on-year retail sales is primarily supported by growth of vehicle spare parts and accessories, food, beverages and tobacco, as well as cultural and recreational goods, said Bank Indonesia.On month, surveyed retailers predict sales in March to grow by 9.3% from February, due to the "Ramadan 1447 H and the Eid-ul-Fitr national religious holiday," explained Bank Indonesia.In February, the retail sales index posted annual growth of 6.5% on year, said the central bank.On the inflation front, survey respondents in March expected a build-up of inflationary pressures in the next three months, while pressures in the next six months are expected to remain relatively stable.One reason the national inflation outlook is stable is that the Indonesian national government subsidizes fuel.The Indonesian government has committed to maintaining fuel subsidies through the end of the year, despite large fiscal costs caused by rising oil prices after Iran blocked of the Strait of Hormuz in March, said Minister of Energy and Mineral Resources Bahlil Lahadalia, in early April.

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Financial News · Live Terminal

Singapore Shares Plummet, Track Regional Losses Following Collapse of US-Iran Peace Talks

Jefferies Upgrades Starbucks to Hold From Underperform, Adjusts Price Target to $92 From $86

KeyBanc Upgrades T-Mobile US to Overweight From Sector Weight, Price Target is $260

Singapore Shares Plummet, Track Regional Losses Following Collapse of US-Iran Peace Talks

Jefferies Upgrades Starbucks to Hold From Underperform, Adjusts Price Target to $92 From $86

KeyBanc Upgrades T-Mobile US to Overweight From Sector Weight, Price Target is $260

Evercore ISI Upgrades PulteGroup to Outperform From In Line, Adjusts PT to $146 From $143

Evercore ISI Upgrades Masco to Outperform From In Line, Price Target is $78

Metaplanet Opens 60-Day ADR Fee Waiver for US Investors

Npr-Riken to Halt Japan Production of Key Casting Parts Amid Weak Demand

Idom's Full-Year Profit Falls 11%

Canadian Solar Infrastructure Fund Reports Power Outage at Fukuyama Plant

Proenergy Divests 768-MW Generation Assets in Ercot to Texas Cooperative in $768 Million Deal

Loadstar Capital Sets Terms for Employee Stock Options Issuance

Kernex Microsystems Clinches Order Worth INR675 Million for Supply of Equipment

Update: Market Chatter: EQT, KKR Show Interest in PolyPeptide Takeover

Shaanxi Construction Engineering Group Discloses Major Projects Secured in March

Market Chatter: Thailand Requests Pakistan's Mediation to Rescue Stranded Fertilizer Ships in Hormuz

Baker Hughes to Sell Waygate for $1.45 Billion to Hexagon

Arcs' Full-Year Profit Increases 13%, Raises Final Dividend Forecast

Shalby's Ahmedabad Unit Gets Kidney Transplant Approval

Indonesian Retail Sales Expected to Strengthen in March

TotalEnergies Makes Hydrocarbon Discovery in Congo, Plans Extraction