By Xinghui Kok SINGAPORE (Reuters) -Singapore’s economy grew 2.7% year-on-year in the first quarter of 2024, the quickest pace in 18 months, data showed on Thursday as the government said it exp[...]
Read more
May 23, 2024
BHP will not relent on structure, value of $49 billion Anglo offer, say sources
By Melanie Burton and Scott Murdoch PERTH/HONG KONG (Reuters) -BHP will stand firm on the structure and value of its latest takeover proposal for Anglo American, focusing instead on allaying its targe[...]
Read more
Morning Bid: PMIs to lead as central banks wait on rates
A look at the day ahead in European and global markets from Rae Wee Flash Purchasing Managers Index (PMI) figures in the euro zone, the UK and the United States take centre stage on Thursday, and inve[...]
Read more
TSMC sees annual sales growth to reach 10% in semiconductor industry
HSINCHU, Taiwan (Reuters) -Taiwanese contract chipmaker TSMC, a major supplier to Apple and Nvidia, on Thursday forecast an annual revenue growth of 10% in the global semiconductor industry, excluding[...]
Read more
SingTel annual profit more than halves on $2.3 billion impairment hit
By Ayushman Ojha and Rishav Chatterjee (Reuters) -Singapore Telecommunications’ annual net profit more than halved on Thursday, hit by a previously announced S$3.1 billion ($2.30 billion) impair[...]
Read more
US DOJ could seek break up of Live Nation, Bloomberg News reports
(Reuters) -The U.S. Department of Justice and a group of states will sue Live Nation Entertainment, potentially seeking a break up, Bloomberg News reported on Wednesday, outlining the next step in an[...]
Read more
Singapore Airlines shares slip 1.3% after turbulent flight
SINGAPORE (Reuters) – Singapore Airlines shares fell more than 1% in early trade on Thursday, following a deadly turbulence-hit flight. One passenger died of a suspected heart attack and dozens[...]
Read more
Japan’s factory activity expands for first time in a year, PMI shows
TOKYO (Reuters) – Japan’s factory activity crept into expansion for the first time in a year in May, a business survey showed on Thursday, as manufacturing gathered pace after months of we[...]
Read more
US House passes crypto bill despite warnings from SEC
(Reuters) – The U.S. House of Representatives on Wednesday passed a bill that aims to create a new legal framework for digital currencies, despite an unusual warning from the U.S. securities reg[...]
Read more