Lifestyle
Gold dips as US dollar edges higher, investors seek more Fed cues
GOLD prices eased in early Asian hours on Monday (May 6) as the US dollar ticked up, while traders awaited comments from a series of Federal Reserve officials for...
China’s CICC demotes senior bankers, cuts pay to slash costs
CHINA International Capital Corporation (CICC) is planning to demote some of its senior bankers and cut their pay, sources with knowledge of the matter said, an unusual move that...
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...
