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S-Reits tumble on Trump’s election triumph
Concerns over rising US government debt and inflation have driven up Treasury yields SINGAPORE-LISTED real estate investment trusts or S-Reits fell to the bottom of the Singapore Exchange (SGX)...
Genting Singapore Q3 profit dives 63% to S$79.4 million
INTEGRATED resort operator Genting Singapore on Thursday (Nov 7) posted net profit after tax of S$79.4 million for the third quarter ended Sep 30, sliding 63 per cent from...
Air France-KLM warns of higher annual costs after Q3 profit miss
AIR France-KLM reported a bigger-than-expected drop in its quarterly operating result on Thursday (Nov 7), impacted by the Paris Olympic Games and higher unit costs.
The French-Dutch airline group’s shares...
Delivery Hero sees 2024 earnings at low end of previous forecast
DELIVERY Hero tempered profit expectations for the year, a sign of strain in the company’s strategic overhaul in the competitive food delivery market.
The German firm reported third-quarter figures roughly...
China tells banks to cut interbank deposit rates to boost growth
CHINESE regulators told the nation’s banks to lower rates they paid to deposits from other financial institutions to free up funds to boost the economy, according to sources familiar...
Boeing, Airbus to share Taiwan’s China Airlines passenger jet order: sources
TAIWAN’S China Airlines is nearing a decision to split a multi-billion US dollar order for long-distance passenger jets between Airbus and Boeing, while an order for freighters hangs in...
Latest Singapore 6-month T-bill cut-off yield rises to 3.04% after Trump’s win
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) rose to 3.04 per cent, auction results released by the Monetary Authority of Singapore on Thursday (Nov 7) showed....
Quick takes: What Trump’s win means for Asia markets, currencies and interest rates
MANY parts of global markets rallied massively as Donald Trump decisively won the US election on Wednesday (Nov 6).US stocks soared, the dollar strengthened against many major currencies, while...
Bulgari CEO sees China luxury market recovering in next two years
CHINA’S luxury market may recover in the next 24 months as the country’s economy bounces back, Bulgari chief executive officer Jean-Christophe Babin said. The LVMH-owned jeweller has seen a...
Singapore shares open higher on Thursday; STI up 0.6%
SINGAPORE shares began Thursday (Nov 7) trading in positive territory as markets abroad saw mixed results. As at 9.01 am, the Straits Times Index (STI) was up 0.6 per cent...
