Lifestyle
Bank of England allots record £30 billion in weekly repo
THE Bank of England allotted a record £30.359 billion (US$39 billion) on Thursday (Jul 25) in its weekly short-term repo, which is designed to smooth out volatility in sterling...
UK’s biggest investor LGIM ditches Trump trade on Biden drop out
LEGAL & General Investment Management (LGIM) is bailing on a bet that the Treasury curve will steepen, saying President Joe Biden’s exit from the US election race reduces the...
AstraZeneca raises profit outlook on strong medicines demand
Anglo-Swedish drugmaker AstraZeneca raised its full year sales and profit forecast on Thursday (Jul 25) after beating analyst expectations for second-quarter revenue on strong demand for its cancer, rare...
STMicro cuts full-year outlook for second time, shares tumble
CHIPMAKER STMicroelectronics (STM) cut its full-year revenue and margins guidance for a second time on Thursday (Jul 25) as industrial customer orders did not improve and automotive demand declined.
The...
Julius Baer’s profit falls as post-Benko recovery awaits new CEO
JULIUS Baer Group said profit fell in the first half of the year even as clients began returning funds, signs of an uneven recovery from last year’s Signa real...
Cut-off yield on latest Singapore 1-year T-bill slips to 3.38%
The median yield in the latest auction stands at 3.16%, from 3.4% in the previous auctionTHE cut-off yield on Singapore’s latest one-year Treasury bill (T-bill) is offering a cut-off...
Consortiums led by Keppel, Sembcorp-SLNG shortlisted for ammonia power and bunkering project
EMA and MPA will select one of the two bidders as the project’s lead developer by the first quarter of 2025THE Energy Market Authority (EMA) and the Maritime and...
Bitcoin, Ether slide as risk aversion spreads to crypto market
ETHER, the second-largest token, paced a drop in digital assets following a slump in equities that spread unease in global markets.Ether slid about 6 per cent, the most in...
