Lifestyle
Saudi Arabia posts budget deficit of US$3.3 billion in first quarter
SAUDI Arabia posted a budget deficit of 12.387 billion riyals (S$4.4 billion) in the first quarter of 2024, the finance ministry said on Sunday, after lower oil revenues and...
Buffett praised Apple after trimming it, drops Paramount stake
AT BERKSHIRE Hathaway’s annual meeting in Omaha on Saturday (May 4), Warren Buffett heaped praise on Apple – after revealing he’d cut his stake in it.Berkshire reported a US$135.4...
Westpac net profit falls 16%, announces additional A$1 billion buyback
Australia’s Westpac Banking Corp reported a 16 per cent drop in its first-half net profit on Monday as intense lending competition and higher costs squeezed its margins.It also announced...
Worst days for China’s stock market may be over
The SGX FTSE China A50 Index Futures contract is based on the underlying FTSE China A50 Index (up 8.89 per cent year to date), which has outperformed both the...
Saudi Arabia hikes oil selling prices for all grades to Asia
Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global...
EV automakers get reprieve in US tax credit rules
THE US government gave automakers a reprieve on Friday (May 3) when finalising electric vehicle (EV) tax credit rules, by letting cars that contain Chinese graphite qualify for the...
Citi says European authorities are scrutinising 2022 flash crash
TWO years after a Citigroup trader’s fat-finger error briefly sent European stocks swooning, the bank said authorities are investigating what happened.“Government and regulatory agencies in the UK and Europe...
Tech platforms make pitch for ad deals as TikTok is roiled by politics
SHORT-FORM video took centre stage at tech and social media companies’ annual presentations to advertisers, as platforms such as Snap and Meta look to capitalise on TikTok’s political uncertainty...
