(Reuters) -Singapore Airlines Ltd (SIA) reported a 4.9% jump in its quarterly net profit on Tuesday, boosted by a strong air travel demand in key markets. Demand for air travel remained robust in the[...]
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February 20, 2024
Exclusive-Japan’s Kyushu Electric to wait for US LNG policy clarity on Lake Charles
By Yuka Obayashi TOKYO (Reuters) – Japan’s Kyushu Electric Power will wait until after the United States resumes issuing export licences for new liquefied natural gas (LNG) projects before[...]
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How a Chinese rocket failure boosted Elon Musk’s SpaceX in Indonesia
By Stefanno Sulaiman, Devjyot Ghoshal and Joe Brock JAKARTA (Reuters) – When a Chinese rocket malfunctioned shortly after launch in April 2020, destroying Indonesia’s $220 million Nusantar[...]
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China slashes mortgage reference rates to revive property market
SHANGHAI/SINGAPORE (Reuters) -China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sought to prop up the struggling property market and broader economy.[...]
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Embraer less affected by Pratt engine issues but not immune, executive says
By Brenda Goh SINGAPORE (Reuters) – Embraer is less affected than some other companies by issues with Pratt & Whitney engines but not immune, a senior executive at the Brazilian planemaker s[...]
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ANZ’s $3.2 billion Suncorp bank unit buyout approved by tribunal
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -ANZ Group’s A$4.9 billion ($3.2 billion) buyout of Suncorp’s banking business was cleared by the Australian Competition Tribunal on Tue[...]
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IHG to return over $1 billion to shareholders this year after stellar 2023
(Reuters) -Holiday Inn owner IHG said it expected to return more than $1 billion to shareholders in 2024 on Tuesday, after posting better-than-expected annual room revenue and adjusted operating profi[...]
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Goldman, hedge funds step up activity in physical uranium as prices spike
By Eric Onstad and Nell Mackenzie LONDON (Reuters) – Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant u[...]
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BAIC’s EV brand to launch first Huawei-backed sedan in 2024
BEIJING (Reuters) – BAIC BluePark New Energy Technology, the electric vehicle arm of Beijing Automotive Group (BAIC), plans to launch its first sedan in partnership with Huawei Technologies this[...]
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