Real Estate
US: Rate-cut hopes prompt higher Wall St open
Wall Street’s main stock indexes opened higher on Thursday (Aug 1), boosted by the Federal Reserve’s signals of a September rate cut and a rosy sales forecast from Meta,...
Chinese luxury EV brand Zeekr launches in Singapore ahead of major Apac push
New York Stock Exchange-listed luxury electric vehicle (EV) brand Zeekr officially launched in Singapore at the ArtScience Museum on Thursday (Aug 1). Its debut here, where it is the...
NYSE-parent ICE second-quarter profit rises on robust trading
INTERCONTINENTAL Exchange (ICE) reported a rise in second-quarter profit on Thursday (Aug 1), helped by a strong performance in its exchanges business as trading remained strong.
The conflict in the...
Jardine Cycle & Carriage H1 underlying profit falls 14% to US$500 million
JARDINE Cycle & Carriage posted an underlying profit of US$500 million for the first half of 2024, down 14 per cent from US$583 million in the year-ago period. The group’s...
Singapore stocks lose steam as SIA sinks, Fed stands pat; STI drops 1%
SINGAPORE equities were in the red on Thursday (Aug 1), after the US Federal Reserve stood pat in its July meeting, but signalled it could be ready to start...
Hugo Boss misses Q2 operating profit expectations
HUGO Boss reported a 42 per cent drop in second-quarter operating profit on Thursday (Aug 1), below market expectations, two weeks after the German fashion house slashed its annual...
Likely September Fed rate cut will boost Asian bonds, equities: analysts
ANALYSTS continue to be positive on Asian fixed-income instruments and equities, after the US Federal Reserve chair Jerome Powell said a rate cut in September is “on the table”,...
Bank of England to finally cut interest rate?
THE Bank of England (BOE) announces its latest interest-rate decision on Thursday (Aug 1), with analysts split on whether it will cut for the first time since the Covid...
Hong Kong central bank keeps base rate unchanged as Fed holds steady
THE Hong Kong Monetary Authority (HKMA) left the base rate it charges through the overnight discount window at 5.75 per cent on Thursday (Aug 1), after the US Federal...
Sats tops governance and transparency index; Singapore listcos’ scores dip after methodology change
Big-cap companies with market capitalisations of more than S$1 billion outperform mid and small-cap companiesGROUND handler and caterer Sats clinched the top spot in an annual governance and transparency...