By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s biggest bank DBS Group reported on Monday a better than expected 18% jump in third-quarter net profit on the back of higher interest rates, wh[...]
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November 6, 2023
Indonesia’s Q3 GDP growth weakest in 2 years, exports slump further
(Adds dropped word “growth” in headline) By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s annual economic growth slowed more than expected in the third q[...]
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Barclays sees Fed raising rate in January instead of December
(Reuters) – Barclays said it now expects the U.S. Federal Reserve to deliver a 25 basis point interest rate increase in January instead of an earlier expectation for a December hike. The brokera[...]
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Australia’s Westpac grows FY profit as mortgage income shrinks
By Byron Kaye and Roushni Nair (Reuters) -Australian No. 2 lender Westpac, said on Monday that annual profit jumped by a quarter as a pickup in business lending and one-off benefits more than made up[...]
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Bain close to buying consulting firm Guidehouse in $5 billion deal- WSJ
(Reuters) -Bain Capital is close to acquiring Guidehouse, a consulting firm that advises government organizations and businesses, in a deal valuing it at $5.3 billion including debt, the Wall Street J[...]
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Ant Group wins approval to release AI products to Chinese public
SHANGHAI (Reuters) – Ant Group has received Chinese government approval to release products powered by its “Bailing” artificial intelligence (AI) large language model to the public,[...]
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Just 4% of top companies meet UN climate target guidelines – study
By Simon Jessop LONDON (Reuters) – Half of the world’s 2,000 biggest listed companies have set a target to get to net-zero emissions by mid-century, but just a fraction meet tough United N[...]
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Tesla raises wages 4% for German workers amid union pressure – WSJ
(Reuters) -Tesla’s management in Germany late last week informed 11,000 workers they will receive a 4% wage raise effective in November, The Wall Street Journal reported on Sunday, where unions[...]
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