#Singapore_Telecommuni#cations on Monday forecast non-#cash impairment provisions of S$3.1 #billion ($2.28 billion) for second-half of 2024 which would lead to the telecom giant reporting a net loss for the period. The #company also warned that it would report a lower net profit for the full-year ended March 31, 2024. About S$2 #billion of the […]

  The #cost of #car #insurance in the #UK rose 1% in the first quarter, a #survey showed on Monday, indicating an easing in the rise of premium seen last year. The data from the Association of British Insurers’ (#ABI) #Motor Insurance #Tracker showed that insurers continued to absorb growing costs, with the average claim

  #China’s industrial #profits fell in March and slowed gains for the #quarter compared to the first two months, official data showed on Saturday, raising doubts about the strength of a recovery for the world’s second-biggest economy. Cumulative profits of China’s industrial firms rose 4.3% to 1.5 trillion yuan ($207.0 billion) in the first quarter

  #Star_Entertainment said on Monday its Executive #Chairman #David_Foster will leave step down just weeks after being appointed to the role, adding to an exodus of senior management at the beleaguered Australian casino operator. The management departures come at a time when the casino operator faces a second inquiry into its Sydney casino operations investigating

  The allies of Republican presidential candidate #Donald_Trump are drafting proposals that would attempt to erode the #Federal_Reserve’s independence if he wins, the #WallStreet Journal reported on Thursday, citing people familiar with the matter. A small group of the former #president’s allies has produced a nearly 10-page document outlining a policy vision for the c#entral_bank,

  #usa_equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for #rate cuts this year. #LSEG data showed a withdrawal of $1.2 billion from #usa equity funds, though the figure was less than the previous week’s, as optimism over solid corporate earnings, especially from major tech

  #Wall_Street’s main indexes advanced on Friday as most #megacap #growth #stocks rose after robust quarterly results from #Alphabet (NASDAQ:#GOOGL) pushed its market value over $2 #trillion, while an in-line inflation reading calmed interest rate jitters. Alphabet jumped 10.8% to a record high after the #Google-parent announced its first-ever dividend, a $70 #billion #stock buyback

  #Oil_prices rose on Friday, on track to end higher this week following two straight weeks of losses, after a top #usaofficial expressed optimism over economic growth and #usa inflation rose moderately in March in line with expectations. #Brent_crude futures were up 60 cents, or 0.7%, to $89.61 a barrel at 1318 GMT. U.S. West

  #Snap received an upgrade from #HSBC from a ‘Reduce’ to a ‘Buy’ rating, with the price target being increased to $15.10, up from the previous $10.00. This change in stance comes after #Snap reported a robust first quarter for 2024, with revenues and earnings surpassing HSBC’s estimates and the Visible #Alpha consensus. Snap disclosed

  #usa_stocks rose sharply Friday after fresh inflation data failed to raise further fears of delayed rate cuts, helped by stronger-than-expected earnings from tech giants #Microsoft and Alphabet.  AT 09:35 ET (13:35 GMT), #Dow_Jones Industrial #Average gained 80 #points, or 0.2%, S&P 500 rose 35 points, or 0.7%, while the tech-heavy #NASDAQ #Composite soared 205 points, or 1.3% PCE data comes