Stock Market

The Singapore stock market on Tuesday ended the three-day winning streak in which it had collected more than 15 points or 0.5 percent. The Straits Times Index now sits just beneath the 3,190-point plateau although it's expected to see renewed support on Wednesday.The global forecast for the Asian markets is upbeat on growing optimism over the outlook for interest rates. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion.The STI finished slightly lower on Tuesday following losses from the financials and...

3 Hours AgoUBS shares tick higher after completed Credit Suisse takeoverUBS shares rose 1.1% after the Swiss bank said it had completed the takeover of its former domestic rival Credit Suisse.The deal was hastily arranged in March, facilitated by regulators, amid concerns that severe losses at Credit Suisse would destabilize the banking system.The Swiss government has agreed to cover losses of up to 9 billion Swiss francs ($10 billion) beyond an initial 5 billion Swiss francs UBS must shoulder as part of the deal, as it absorbs the more risk-heavy...