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Dow briefly sprints past 40,000-mark on earnings boost, rate-cut bets
The Dow Jones Industrial Average briefly breached the 40,000-point level for the first time on Thursday (May 16), the blue-chip index’s fastest 10,000-point climb, powered by strong quarterly results...
Flood of Chinese used cooking oil spurs call to boost US tariffs
AS PRESIDENT Joe Biden prepares a new wave of tariffs against China, a US soybean trade group is pushing for higher levies on Chinese used cooking oil that it...
China to start one trillion yuan bond sale on Friday to boost economy
CHINA will start selling the first batch of its one trillion yuan (S$187 billion) of ultra-long special sovereign bonds on Friday (May 17), as officials ramp up efforts to...
Singapore moves to boost law to hunt and prosecute money launderers
THE government is looking to amend laws to give more power to law enforcement agencies pursuing offenders involved in money laundering, said Home Affairs Minister K Shanmugam on Wednesday...
Europe: Shares close at record highs on financials boost
EUROPEAN shares closed at record high levels on Tuesday, with financials stocks in the spotlight following upbeat earnings from Switzerland’s UBS and Italy’s UniCredit, while optimism around interest rate cuts...
Japan’s Nikkei closes at 3-week high on US rate-cut outlook, tech boost
Japan’s Nikkei share average jumped more than 1 per cent on Tuesday (May 7), as investor sentiment brightened on higher bets of US interest rate cuts this year, while...
Amazon’s AWS commits extra S$12 billion to boost Singapore cloud infrastructure
AMAZON Web Services (AWS) will commit an extra S$12 billion to its existing Singapore cloud infrastructure over the next four years, doubling its investment in the Republic. The move...
Tyson raises outlook as lower costs boost chicken segment
Tyson Foods raised its 2024 earnings outlook after posting second-quarter profits that beat analyst estimates amid a rebound in the US meat industry.Adjusted net income in the three months...
