Mon02202017

LAST_UPDATEMon, 20 Feb 2017 12am

Apple Hits Record High But Leaves Some Investors In Dust

Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the $20 trillion mark in what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker.

Read more: Apple Hits Record High But Leaves Some Investors In Dust

Asian Shares Extend Global Rally On US Stimulus Talk

SYDNEY: Asian shares inched to 19-month highs on Tuesday (Feb 14) as the potential for economic stimulus in the United States lifted the US dollar, bond yields and Wall Street stocks.

Read more: Asian Shares Extend Global Rally On US Stimulus Talk

Singapore’s OCBC Q4 Profit Slumps To 3-Yr Low On Bad Debt Charges

Pic: Reuters

SINGAPORE: Oversea-Chinese Banking Corp , Singapore’s second-biggest lender, reported a bigger-than-expected 18 per cent drop in quarterly net profit to the lowest level in three years, dragged down by a 57 per cent jump in bad debt charges.

Read more: Singapore’s OCBC Q4 Profit Slumps To 3-Yr Low On Bad Debt Charges

Bond Investor Resistance Movement May Not Last

NEW YORK (IFR) - A revolt by bond-buyers has slowed the recent trend of issuer-friendly deals, but market participants say that will not last without big changes to the way investors scrutinize new deals.

Read more: Bond Investor Resistance Movement May Not Last

Uber Launches 'Mapping Cars' In Singapore

SINGAPORE: Your next Uber ride could come with cameras atop the car, as the firm behind the ride hailing app rolled out mapping cars on Monday (Feb 13).

Read more: Uber Launches 'Mapping Cars' In Singapore

Wall Street Extends Record Run As 'Trump Trade' Reignites

The main U.S. stock indexes hit record intraday highs on Monday, led by financials and industrials, as the so-called "Trump trade" sparked back to life on renewed optimism about the economy.

Read more: Wall Street Extends Record Run As 'Trump Trade' Reignites

Stocks On The March As 'Trump Trades' Bounce Back

World stocks and bond yields rose on Monday, lifted by a re-emergence of so-called "Trump trades" as investors bet that the U.S. president's tax reform plans will boost economic growth and corporate profits.

Read more: Stocks On The March As 'Trump Trades' Bounce Back

Peugeot Sees Trump's Iran Stance Boosting Market Lead

France's PSA Group (PEUP.PA) is pushing ahead with an Iranian plant investment and production ramp-up in the face of a hardened U.S. stance against Tehran under President Donald Trump that could play to the carmaker's advantage, a senior executive said.

Read more: Peugeot Sees Trump's Iran Stance Boosting Market Lead

Bank Stocks Break Out Of Trading Range, Seen Rising Further

U.S. financial stocks rose on Monday, breaking above a trading range they were stuck in since early December, as investors bet that policy changes favoring the financial sector would be implemented under the Republican administration.

Read more: Bank Stocks Break Out Of Trading Range, Seen Rising Further

Global Economy Weekahead: Soon Time To Watch For Rising Global Inflation?

The global economy has weathered the new U.S. administration's sweeping challenges to the status quo with surprising aplomb given serious threats made to world trade, but what is not so clear is how much longer inflation will remain stubbornly low.

Read more: Global Economy Weekahead: Soon Time To Watch For Rising Global Inflation?