As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.
Hence, I started this "Market News In 2 Minutes" series.
Following are the "Market News In 2 Minutes" for today :
1. Swissco Holdings (ADP) - Said that four wholly-owned subsidiaries of Scott and English Energy have entered into charter contracts worth a total of US$94.8 million ($118 million). For the complete report, click here. (source : The Edge)
2. Temasek Holdings, Singapore’s state-owned investment firm, purchased U.S.-listed stocks in Chinese technology and consumer firms backed by the country’s billionaires as it diversifies away from bank holdings.
Temasek, directly or through its units, bought 602,139 American depositary receipts (ADRs) of China’s second-largest e-commerce site JD.com Inc. with a market value of US$17.2 million ($21.4 million). It also purchased a net 603,764 ADRs in security software maker Cheetah Mobile Inc., valued at US$12.8 million. Both companies were listed in May.
Cheers!
2. Temasek Holdings, Singapore’s state-owned investment firm, purchased U.S.-listed stocks in Chinese technology and consumer firms backed by the country’s billionaires as it diversifies away from bank holdings.
Temasek, directly or through its units, bought 602,139 American depositary receipts (ADRs) of China’s second-largest e-commerce site JD.com Inc. with a market value of US$17.2 million ($21.4 million). It also purchased a net 603,764 ADRs in security software maker Cheetah Mobile Inc., valued at US$12.8 million. Both companies were listed in May.
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