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Aussie shares hit record high close, log best week in a month on US rate cut cheer
Aussie shares hit record high close, log best week in a month on US rate cut cheer
Australian shares notched a record closing high for the fifth straight session on Friday (Sep 20) and logged their biggest weekly rise in a month, as global optimism in...
Philippine central bank cuts banks’ reserve requirement ratios from Oct 25
Philippine central bank cuts banks’ reserve requirement ratios from Oct 25
The reserve requirement ratios (RRR) for universal and commercial banks will be cut by 250 basis points to 7%The Philippine central bank said on Friday (Sep 20) it will...
China dairy farms swim in milk as fewer babies, slow economy cut demand
China dairy farms swim in milk as fewer babies, slow economy cut demand
CHINA is awash in unwanted milk as falling birth rates and cost-conscious consumers have cut demand even as dairy farms expanded in recent years, forcing smaller farmers out of...
Sats, Sinotrans to collaborate on strategic projects in ground, cargo handling
Sats, Sinotrans to collaborate on strategic projects in ground, cargo handling
The collaboration will extend across their respective networks and include setting up gateway hubs for SinoairSATS will collaborate with Chinese logistics company Sinotrans Air Freight (Sinoair) in ground and...
Asia: Markets track Wall Street record to extend global rally
Asia: Markets track Wall Street record to extend global rally
ASIAN markets built on Friday on the latest global rally after a jumbo US interest rate cut, while the yen edged up as focus turns to the Bank of...
Gold hovers near record high as traders navigate Fed’s giant rate cut
Gold hovers near record high as traders navigate Fed’s giant rate cut
GOLD prices steadied near record highs on Friday (Sep 20) and were poised for a weekly gain, as markets adjusted to the US Federal Reserve’s recent super-sized interest rate...
Singapore shares open lower on Friday; STI down 0.1%
Singapore shares open lower on Friday; STI down 0.1%
SINGAPORE stocks began Friday (Sep 20) trading in negative territory, despite gains in global equities overnight.As at 9.03 am, the Straits Times Index (STI) dropped 4.72 points or 0.1...
Stocks to watch: OUE Reit, TalkMed
Stocks to watch: OUE Reit, TalkMed
THE following companies saw new developments that may affect trading of their securities on Friday (Sep 20):OUE Real Estate Investment Trust (OUE Reit): The Reit priced S$180 million in...
Mercedes slashes outlook in latest blow to German industry
Mercedes slashes outlook in latest blow to German industry
MERCEDES-BENZ Group cut its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its business in China, marking the latest blow to Germany’s struggling...
FedEx slumps on quarterly profit miss, narrowed 2025 outlook
FedEx slumps on quarterly profit miss, narrowed 2025 outlook
FEDEX cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.In what chief executive officer Raj Subramaniam called...