Meme stock investors are learning that hype alone can't keep a stock at stratospheric levels forever.
The nine-storey headquarters will also house the GrabMerchant Centre. How will this help small businesses?
Citing its cash balance of $312.7 million, and no bank borrowings, the company says it is shielded from the impact of rate hikes
Commodity trader Olam Group Ltd on Friday posted a marginal rise in net profit for the first half of fiscal 2022, as a weak performance in the food ingredients unit partially countered strong showing in its Olam Agri business. "The significant demand growth rate and pick-up seen in H2 2021 has slowed down in H1 2022 after the geopolitical crisis, accompanied by the hard pandemic lockdowns in China," Olam said. Olam Agri, which trades grains and animal feed, edible oils, rice, cotton and commodity financial services, still posted a 49.4% jump in its first-half operating profit.
The current consensus forecast of private sector economists is for a 3.8% growth this year.
Markets were mixed Friday, with traders struggling to build on the previous day's rally as they come to terms with the likelihood that central banks will continue to raise interest rates to battle runaway inflation.
Shares of Indian domestic airlines rose on Thursday, a day after the civil aviation ministry said it will remove the restrictions on ticket prices it had imposed two years ago due to the coronavirus pandemic. Domestic airlines IndiGo, SpiceJet Ltd, Air India, Go First and Vistara - a joint venture between the Tata Group and Singapore Airlines - can now price tickets freely. Shares of top airline IndiGo's parent InterGlobe Aviation Ltd rose as much as 2.3% to 2084.6 rupees while smaller rival SpiceJet Ltd jumped as much as 7% to 47.9 rupees.
Here are four little-known stocks that pay out regular dividends with yields higher than 4%. The post 4 Under-the-Radar Companies with Dividend Yields Exceeding 4% appeared first on The Smart Investor.
Indian government bond yields rose in early trading on Friday, tracking a similar move in U.S. Treasuries, as investors await the weekly auction of bonds and local retail inflation data. It had fallen eight basis points in the last two sessions. U.S. Treasury yields rose, with the 10-year yield climbing 10 basis points on Thursday, as investors bet the Federal Reserve will continue hiking rates as inflation remains high, even though price pressures eased recently.
Singapore's Sembcorp Marine Ltd (Sembmarine) said on Friday its half-year loss narrowed 78% from a year earlier, as the oil rig builder finished delayed projects after pandemic curbs were eased while also benefiting from cost management. The company said its overall order visibility has improved on the back of rising oil prices and renewed concerns about energy security amid geopolitical tensions. Sembmarine has been a loss-making business since it posted an annual loss in 2018, in an industry plagued by oil price volatility, a drop in new orders, and the pandemic's impact.
Singapore trimmed its 2022 growth forecast to a range of 3%-4% to reflect an increasingly challenging global environment.
Philippine telecom giants PLDT Inc. and Globe Telecom Inc. have separately accused new entrant DITO Telecommunity Corp. of “fraudulent” calls made through its network, heightening a public disagreement.
HONG KONG SAR - Media OutReach - 12 August 2022 - To celebrate the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, the Highways Department (HyD) is holding "Building and Maintaining Highway Infrastructure through Innovation in Highways Department" exhibition from today (August 12) to August 21. Members of the public are invited to visit. "The main theme of the exhibition is 'Road Construction and Maintenance - Unleash The Power of Innovation'. Through real-l
A popular Chinese medical information site has been censored by authorities for "violation of relevant laws and regulations", months after its criticism of a government-backed herbal Covid-19 treatment sent shares in a pharmaceutical giant tumbling.
Setting itself up as a leading home-grown designer furniture brand, Cellini sustains its promise to deliver quality craftsmanship, exclusive designs, and timeless furniture pieces. Reimagining the creations of its in-house craftsmen, Cellini's latest launch draws much of its inspiration from the vibrant hues of the colour wheel and the increased demand for exuberant furnishings for revamping one's abode. Putting its signature artistic spin on everyday pieces for the modern individual, this launc
Gold prices edged lower on Thursday, weighed down by prospects of more rate hikes by the U.S. Federal Reserve even as data pointed to signs of inflation peaking. Spot gold fell 0.1% to $1,789.83 per ounce by 1741 GMT. "Gold's been lingering near the key $1,800 level as the market has toned down rate hike expectations, which has also weakened the dollar," although most Federal Reserve commentary continues to hint at more rate increases, said David Meger, director of metals trading at High Ridge Futures.
The business empire of Philippine tycoon Dennis Uy, which recently made headlines with a notice of default, may face nearly $700 million worth of loans maturing this year.
The real estate giant has made progress in boosting its lodging arm and increasing its fee-income-related business. The post CapitaLand Investment Reported 29% Revenue Growth: 5 Highlights from the Property Giant’s Latest Earnings appeared first on The Smart Investor.
Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said.
This year's Solve for Tomorrow theme is 'Innovate for a Better Hong Kong’. Samsung is encouraging the city's primary and secondary students to develop creative technology solutions for diverse local issues and compete for prizes worth more than HK$270,000.HONG KONG SAR - Media OutReach - 11 August 2022 - The world's leading technology company, Samsung Electronics H.K. Co. Ltd, officially launched its annual 'Solve for Tomorrow' competition today with the theme "Innovate for a Better Hong Kong."
Sheng Siong increased its interim dividend despite a slight dip in revenue growth. Let’s find out what stood out in its 1H2022’s earnings release. The post Sheng Siong Upped its Dividend: 3 Things That Stood Out In the Retailer’s Latest Earnings appeared first on The Smart Investor.
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