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Asia: Markets rise as strong US tech earnings offset poor data
Asia: Markets rise as strong US tech earnings offset poor data
April 26, 2024
MOST markets rose in Asia on Friday after forecast-topping earnings from Microsoft and Alphabet helped soothe worries that a tech-fuelled equities rally may have been overdone.However, the mood was...
S&P Global first-quarter profit beats estimates on strong product demand
S&P Global first-quarter profit beats estimates on strong product demand
April 25, 2024
S&P Global on Thursday (Apr 25) beat Street estimates for its first-quarter profit, as hopes of a “soft landing” spurred investors to spend more on data and analytics products With...
Hermes Q1 sales jump 17% on strong China demand
Hermes Q1 sales jump 17% on strong China demand
April 25, 2024
BIRKIN bag maker Hermes reported a 17 per cent surge in first-quarter sales on Thursday (Apr 25), sustaining a rapid growth rate from the previous quarter including in China,...
Maritime players benefit from tight supply and strong demand for vessels 
Maritime players benefit from tight supply and strong demand for vessels 
April 24, 2024
THE rising tide of strong demand for vessels in the oil and gas sector, amid tepid supply, has lifted Singapore-listed maritime players.According to Maybank analyst Jarick Seet, the tight...
Visa results beat expectations on strong consumer spending trends
Visa results beat expectations on strong consumer spending trends
April 23, 2024
VISA sailed past Wall Street estimates for second-quarter profit and revenue on Tuesday (Apr 23), as consumers shrugged off worries of a slowing economy and high interest rates to...
GE Aerospace raises earnings goal on strong engine sales
GE Aerospace raises earnings goal on strong engine sales
April 23, 2024
GENERAL Electric raised the full-year profit guidance for its aerospace business, driven by an increase in revenue from commercial aircraft engines and services. Operating profit this year will reach US$6.2...
Lockheed Martin reports higher sales on strong defence demand
Lockheed Martin reports higher sales on strong defence demand
April 23, 2024
US WEAPONS maker Lockheed Martin on Tuesday (Apr 23) reported a near 14 per cent rise in first-quarter sales, as simmering geopolitical tensions prompt some countries to boost their...
American Express beats profit estimates on strong spending by wealthy customers
American Express beats profit estimates on strong spending by wealthy customers
April 19, 2024
AMERICAN Express’s first-quarter profit vaulted past Wall Street estimates on Friday (Apr 19), driven by an affluent customer base that increased spending as recession fears ebbed. The credit card giant...
Deliveroo returns to order growth on strong international demand
Deliveroo returns to order growth on strong international demand
April 18, 2024
DELIVEROO said orders returned to growth with a 2 per cent increase in the first quarter, driven by “strong progress” in the food delivery company’s international segment. Users placed 73.5...
Abbott beats quarterly profit estimates on strong medical device sales
Abbott beats quarterly profit estimates on strong medical device sales
April 17, 2024
ABBOTT Laboratories beat Wall Street estimates for quarterly profit on Wednesday (Apr 17) and raised the lower end of its forecast, as robust demand for medical procedures boosted sales...