Singapore wants to shake up its stock market
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 9 May 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Shares in Arm drop after it reports lacklustre revenue projections, Singapore is studying proposals to shake up its struggling stock market, EU countries have agreed to use an estimated €3bn in profits from Russia’s frozen state assets to buy weapons for Ukraine, and a newly expanded pipeline in Canada breathes life into the oil industry. Plus, hedge fund manager Sir Paul Marshall has lost a legal battle with the South African government over shipwrecked treasure.
Mentioned in this podcast:
Arm shares drop as revenue forecast falls short despite AI boom
Singapore battles to revive struggling stock market
EU agrees to arm Ukraine using profits from Russian state assets
Canada’s oil industry cuts reliance on US market as pipeline expands
Hedge fund boss Paul Marshall loses case over silver salvaged from shipwreck
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | The UK's energy partner. The UK. Good morning from the Financial Times. Today is Thursday, May 9th, and this is your |
| 0:17.3 | FT news briefing. Investors are not happy with the UK chip designer arm and Canada expanded a major oil pipeline |
| 0:28.0 | to the surprise of no one people are upset about it. |
| 0:37.0 | Plus Singapore is looking at ways to spruce up its stock market. I'm Mark Filipino and here's the news you need to start your day. The UK Chip designer arm issued some pretty lackluster revenue projections yesterday. |
| 1:01.6 | It expects revenues this year of between 3.8 billion and 4.1 billion dollars. |
| 1:08.0 | Analysts had expected something in the middle. The disappointing figures made investors nervous that |
| 1:14.0 | tech companies are slowing down their spending on artificial |
| 1:17.3 | intelligence software. Arm shares dropped as much as 8% in after hours trading. |
| 1:23.0 | Singapore has become an important financial hub, |
| 1:30.0 | but its stock market is looking for a bit of a pick me up, and it's not the first time. |
| 1:38.0 | The SGX, as it's called, has been struggling for a while, |
| 1:43.0 | now the government is stepping in to give the exchange a boost. |
| 1:46.0 | Here to talk to me about it is the F.T. Singapore correspondent, Mercedes Rule. |
| 1:51.0 | Hey Mercedes. |
| 1:52.0 | Hello. So Mercedes. Hello. |
| 1:54.0 | So explain the problem to me. |
| 1:55.4 | What are some of the challenges that Singapore's stock market is facing? |
| 1:59.6 | The problem for Singapore Exchange is quite unique as global financial centers go. |
| 2:04.8 | Singapore has risen exponentially as a business hub, as a commercial and finance |
| 2:11.3 | hub in the region, but that hasn't been matched with the rise in its exchange. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.