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Traders betting on China easing boost bearish options on banks
INVESTORS are increasingly sceptical about this year’s market-beating rally in Chinese bank stocks on concerns that potential easing measures to further support the nation’s flagging economy will hurt the...
Hong Kong dollar rally seen peaking in July after dividend boost
THE Hong Kong dollar’s gains against the greenback are expected to peak this month, after getting a boost from hefty dividend payments from firms listed on the city’s stock...
India asks utilities to order US$33 billion in equipment to boost coal power output
India has asked power companies to order equipment worth US$33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian...
US Treasury yields boost greenback; yen weakens
RISING US yields supported the dollar on Tuesday (Jul 2), with low-yielding currencies such as Japan’s yen and China’s yuan feeling the pressure ahead of a speech by Federal...
Tencent’s new game drives China’s biggest stock boost of 2024
A HOT new online game is refuelling investor optimism for Tencent Holdings, driving China’s biggest stock boost of 2024.Its shares have rallied 28 per cent so far this year...
Lloyds CEO expects £300 million UK business banking revenue boost
LLOYDS Banking Group is set to make an extra £300 million (S$515.2 million) a year in revenue by 2026 from its business banking unit, CEO Charlie Nunn said on...
Ferrari CEO on mission to boost profits – without selling too many cars
The new plant to make the brand’s electric cars won’t be out to boost production numbers; the carmaker wants to mitigate risk in an uncertain era [MARANELLO, Italy] Ferrari...
Billionaire Agnellis boost stake in Philips to US$4.19 billion
Italy’s billionaire Agnelli family raised its holding in Royal Philips, giving it a stake worth US$4.19 billion, in a signal of increased confidence in the Dutch medical device manufacturer.The...
