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Singapore rolls out tax rebates, $3.7 billion program to boost stock market

SINGAPORE (Reuters) -Singapore announced on Friday a set of measures to rejuvenate its equities market, including a 20% tax rebate for primary listings and a S$5 billion ($3.74 billion) program that focuses on investing in domestic stocks. The statement offers more details on measures Singapore's equities market review group announced on February 13 to revive its stock market that has come under pressure from a dearth of mega listings and softer trading liquidity. "We aim to have these measures lay the foundations for a sustainable and well functioning equities market, and we think if we take the proposed measures together, they will hopefully make an impact," Singapore's second finance minister Chee Hong Tat said in a briefing on Friday.

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Markets Are Complacent on Euro as German Vote Raises Parity Risk

(Bloomberg) -- Euro traders risk getting too comfortable as the clock ticks down to German elections this weekend. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’There’s an unusual calm in the derivatives markets: the majori

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Job Cuts Accelerate in Warning Sign for Defiant UK Labor Market

(Bloomberg) -- UK businesses stepped up the pace of job cuts in February, according to a closely watched survey, boding ill for a labor market that has so far held up in the face of Chancellor of the Exchequer Rachel Reeves’ huge increase in payroll taxes. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquart

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Singapore to Invest $3.7 Billion With Fund Managers to Help Boost Local Stocks

(Bloomberg) -- Singapore plans to invest S$5 billion ($3.7 billion) with fund managers to help boost the local stock market, and will start requiring some family offices to deploy a portion of their assets into domestic equities.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsTrump As

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China tech stocks cap best winning run in five years on earnings surprises, fund rotation

Chinese tech stocks listed in Hong Kong advanced on Friday for their best weekly winning streak since 2020, as earnings surprises and optimism about the artificial intelligence sector drew global investors rotating funds into the sector. The Hang Seng Tech Index closed up 6.5%, its best single-day gain since October, to reach its highest in three years. That took its weekly gain to more than 6% in its sixth straight week of advances, the longest winning streak since May 2020.

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Homebuilders Near S&P 500 Bottom on High Rates and Tariff Fears

(Bloomberg) -- Investors are ditching US homebuilder stocks at a record pace as elevated borrowing costs bruise the industry’s prospects and signal that the shares may have further to fall.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsTrump Asserts Power Over NYC, Proclaims ‘Long Li

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