(Bloomberg) – South Korea’s inflation unexpectedly climbed last month as the central bank prepares to meet on rates amid the nation’s worst coronavirus outbreak yet. …
Tesla’s India plans dealt blow as minister rules out tax cut
(BLOOMBERG) – India said it has no plans to cut import duties on electric vehicles (EVs), weeks after Tesla appealed to the government to slash …
Great Eastern Q2 profit falls 22% to $232.2 million amid less favourable market conditions
SINGAPORE (THE BUSINESS TIMES) – Great Eastern Holdings on Monday (Aug 2) posted a net profit of $232.3 million for the second quarter ended June …
US stocks fall on Delta worries, profit taking
NEW YORK (AFP) – Wall Street stocks fell on Friday (Juy 30), concluding the week on a lackluster note on worries about the Delta variant …
Amazon forecast falls short as Covid-19 online shopping bump fades
SEATTLE (BLOOMBERG) – Amazon.com emerged as the essential store for homebound shoppers during the coronavirus pandemic, propelling its sales and profits to new highs. Now, the …
US stocks gain on ‘spectacular’ earnings season
NEW YORK (AFP) – Wall Street stocks advanced on Thursday (July 29) following solid US growth data and earnings, but Facebook dropped on disappointment over …
Microsoft sees steady cloud growth after record quarterly profit
BENGALURU (REUTERS) – Microsoft posted its most profitable quarter on Tuesday (July 27), beating Wall Street expectations for revenue and earnings, as PC sales declines …
Ascott Residence Trust almost doubles first-half DPS despite 11% revenue drop
SINGAPORE (THE BUSINESS TIMES) – CapitaLand subsidiary Ascott Residence Trust (ART) on Tuesday (July 27) reported a 95 per cent increase in its distribution per …
Temasek prices US$2.5 billion bonds; three-tranche offering oversubscribed
SINGAPORE (THE BUSINESS TIMES) – Temasek Financial I (TFin-I) has priced its US dollar (USD) three-tranche offering of 10, 20 and 40-year guaranteed bonds, which …
Raffles Medical H1 profit more than doubles to S$39.4m
SINGAPORE (THE BUSINESS TIMES) – Raffles Medical on Monday announced a net profit of S$39.4 million for the six-month period ended June 30, 2021, more …
Dow ends above 35,000 for first time as US stocks hit records
NEW YORK (AFP) – US stocks rocketed to fresh records on Friday (July 23), with the Dow finishing above 35,000 for the first time, in …
Wall Street ends sharply lower as Delta variant sparks new lockdown fears
NEW YORK (REUTERS) – A surge in Delta variant infections sparked a broad sell-off on Wall Street on Monday (July 19) as investors feared renewed …
Oil declines after OPEC+ agrees to boost production into 2022
NEW YORK (BLOOMBERG) – Oil eased after OPEC+ agreed to boost production into 2022, resolving an internal dispute that had shaken the alliance. Brent crude …
Sustainable investments account for more than a third of global assets
LONDON (REUTERS) – Sustainable investments total US$35.3 trillion, or more than a third of all assets in five of the world’s biggest markets, a report …
Women lose out amid fall in bank teller jobs
(BLOOMBERG) – For years, women have had a foot in the door to the finance industry by becoming bank tellers. Now that path is disappearing …
US stocks end lacklustre week on losing note
NEW YORK (AFP) – Wall Street stocks fell on Friday (July 16), ending a lacklustre week on a negative note amid uncertainty over the outlook …
Singapore non-oil exports surge 15.9% in June from low base, beating expectations
SINGAPORE – Singapore’s non-oil domestic exports (Nodx) accelerated last month and at a pace faster than expected, aided by electronic and non-electronic shipments such as …
Nasdaq ends lower as investors sell Big Tech
NEW YORK (REUTERS) – The Nasdaq ended lower on Thursday (July 15), pulled down by Apple, Amazon and other Big Tech companies as a fall …
Booming chip exports mask misery in Taiwan’s services sectors
TAIPEI (BLOOMBERG) – The streets in Taipei’s high-end Xinyi area are usually filled with shoppers wandering the maze of interconnected department stores, diners waiting in …
Singapore economy grows 14.3% in Q2, rebounding from worst of Covid-19 fallout: Flash data
SINGAPORE – The Singapore economy grew at a record pace in the second quarter of 2021, due to the comparison with the same period last year when the …