BENGALURU (REUTERS) – Microsoft posted its most profitable quarter on Tuesday (July 27), beating Wall Street expectations for revenue and earnings, as PC sales declines …
Global growth to stay strong but Covid-19 variants the top risk, say economists
BENGALURU (REUTERS) – Global economic growth prospects are holding strong for this year and next, despite a significant majority of economists in Reuters polls warning …
Stocks slump as Covid-19 jitters fuel rush into bonds
NEW YORK (BLOOMBERG) – Stocks slumped around the globe as investors rushed into haven assets after the Delta variant cast a pall over the economic …
Wall Street’s new fear is that economic growth has peaked
NEW YORK (BLOOMBERG) – Investment strategists are starting to consider a new bearish scenario: the economy has already hit its speed limit. With the ferocious …
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 …
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 …
US stocks end at records in rebound rally, with Dow up 1.3%
NEW YORK (AFP) – Wall Street stocks powered to fresh records on Friday (July 9), shaking off concerns about global growth and the Delta variant …
SEA faces long road back to pre-pandemic growth but Singapore to buck trend: Survey
HONG KONG (BLOOMBERG) – The prolonged Covid-19 pandemic is clouding economic projections for South-east Asia, with most countries not expected to return to pre-pandemic growth …
S’pore non-oil exports growth picks up pace in May, but comes in lower than expected
SINGAPORE – Singapore’s non-oil domestic exports (Nodx) grew at a faster rate last month compared with April, aided by electronic and non-electronic shipments such as …
Software AG to Power Growth Across APJ with New Senior Executive Hires
SINGAPORE, Jun 3, 2021 – (ACN Newswire via SEAPRWire.com) – Software AG (Frankfurt MDAX: SOW) today announced a number of senior executive appointments in Asia …
Positive year-on-year growth on the cards for Singapore’s struggling sectors due to low base
SINGAPORE – Construction and transportation are still stuck in the doldrums and face a hard road ahead, even as Singapore’s economy looks to be on …
Singapore maintains 4-6% GDP forecast for 2021 amid increased Covid-19 uncertainties
SINGAPORE – Singapore maintained its economic growth forecast range for this year at 4 per cent to 6 per cent, despite increased uncertainty over the …
Wall Street climbs on tech gains as US Treasury yields dip
NEW YORK (REUTERS) – US stocks climbed on Monday (May 24), with the Nasdaq jumping more than 1% as a retreat in US Treasury yields …
Shineway (2877.HK) Q1 revenue increased by 37.0%
HONG KONG, May 13, 2021 – (ACN Newswire via SEAPRWire.com) – China Shineway Pharmaceutical Group Limited (2877.HK) recently released its unaudited turnover for the three …
Global Internet of People Inc. Posts Robust 2020 Business Growth
SHANGHAI, May 7, 2021 – (ACN Newswire) – Global Internet of People, Inc. (NASDAQ:SDH), an operator of a knowledge sharing and enterprise service platform via mobile application and through …
China’s factory activity expands at slower pace in April
BEIJING (REUTERS) – China’s factory activity expanded at a slower-than-expected pace in April, although strong demand for manufacturing helped sustain growth in the sector. The …
DBS Q1 profit surges 72% to record $2.01 billion; flags strong year ahead
SINGAPORE – DBS Group on Friday (April 30) trumped market forecasts with a 72 per cent jump in first-quarter earnings as business fired on all …
ADB lifts Asia growth forecast on Covid-19 vaccines, but warns of resurgent virus risks
MANILA (AFP) – The Asian Development Bank (ADB) has raised its growth forecast for developing Asia this year on the rollout of Covid-19 vaccines and …
South Korea economy grows faster than expected as investment, exports bounce
SEOUL (REUTERS) – South Korea’s economic growth beat expectations in the first quarter, extending the country’s export-led recovery as global demand surged and the government maintained …
Daraz announces 2021 Seller Promises: Faster Pay-outs and Accelerated Business Growth for Local Entrepreneurs
SINGAPORE, Apr 26, 2021 – (ACN Newswire via SEAPRWire.com) – Daraz, the leading e-commerce platform in South Asia, announced its commitment to providing additional support …