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StarHub faces pressure from consumer segments, could benefit from consolidation: analysts
STARHUB : CC3 0% posted a decent first-quarter net profit increase, but analysts have flagged that the company’s consumer business continues to face intense pressure, especially in the area...
Singapore stocks end lower on Friday as investor appetite sours; STI down 0.2%
LOCAL shares ended the last trading day of the week in the red, as hawkish cues from the US Federal Reserve hit trader sentiment. Observers warn that the recent...
Final money laundering accused to plead guilty on Jun 6
THE last of the 10 foreign nationals embroiled in Singapore’s largest money laundering case has indicated that he intends to plead guilty on Jun 6, court records on Friday...
Saudi Aramco interested in buying minority stake in Repsol’s renewable unit
State-controlled oil company Saudi Aramco is interested in buying a minority stake in the renewable unit of Spanish oil company Repsol, newspaper Expansion reported on Friday (May 24), citing...
Tesla slashes Model Y production in Shanghai, data shows
TESLA has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source.The...
Segantii redemption requests hit US$1 billion before move to shut
SEGANTII Capital Management’s hedge fund faced nearly US$1 billion of withdrawal requests before its decision to shut down, sources familiar with the matter said, highlighting the impact on investor...
New Zealand central bank confident medium-term inflation returning to target
NEW Zealand’s central bank decided to hold the cash rate at 5.5 per cent this week because its monetary policy committee remained confident medium-term inflation would return to its...
Gold on track for first weekly dip in three as rate-cut bets dwindle
GOLD rose on Friday (May 24) but was set for its first weekly drop in three weeks, as investors lowered expectations of a US interest rate cut after the...
