Lifts
US: Dow closes at record high as tame inflation report also lifts small caps
THE blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks...
BYD lifts annual sales target to four million EVs, plug-in hybrids
CHINESE electric-vehicle (EV) maker BYD has raised its annual sales forecast thanks to a surge in purchases of plug-in hybrid vehicles.The Shenzhen-based EV giant has lifted its annual target...
China Life profit rises as market lifts investment returns
CHINA Life Insurance, the nation’s largest life insurer by market share, said profit rose 11 per cent in the first half as an improving stock market boosted investment returns....
India lifts sugar curbs for ethanol in threat to global supply
INDIA has lifted restrictions on sugar mills and distilleries using cane juice to make ethanol, a move that’s likely to prolong export curbs from the world’s second-biggest grower and...
Positive economic data from China and Japan lifts regional stocks; STI up 0.9%
SINGAPORE shares rose on Thursday (Aug 15) amid strong retail sales and gross domestic product data from China and Japan, respectively. The benchmark Straits Times Index (STI) rose 0.9...
Citigroup lifts pre-Brexit cap on top London bankers’ bonuses
CITIGROUP is lifting the limit on some of its top UK bankers’ and traders’ bonuses, following in the footsteps of rivals like JPMorgan Chas and Barclays.
The change will...
Hilton lifts 2024 profit forecast on international travel demand
HOTEL operator Hilton Worldwide raised its forecast for 2024 profit on Wednesday (Aug 7), banking on international travel demand to remain strong and offset losses from normalising domestic travel...
Hilton lifts profit view as international travel offsets weak US demand
HOTEL operator Hilton Worldwide raised its forecast for 2024 profit after beating second-quarter estimates on Wednesday (Aug 7) as robust demand for international travel offset losses from normalising domestic...
