June 28 (Reuters) - Del Monte Pacific:
* QTRLY GENERATED SALES OF US$597.3 MILLION, UP 2%
* WILL STILL BE CARRYING OVER HIGH INFLATIONARY COSTS FROM FY2024 IN FIRST HALF
* QTRLY NET LOSS OF US$127M VERSUS PROFIT US$17M Further company coverage:
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
The share prices of these five blue-chip stocks are touching a year-low. Could they be worth your attention? The post Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain? appeared first on The Smart Investor.
These four stocks are hitting their 52-week highs but should they be included in your investment portfolio? The post 4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio? appeared first on The Smart Investor.
Just months before his passing at the ripe old age of 99, Charlie Munger, the ever-sharp vice chairman of Berkshire Hathaway, shared some valuable insights with the public. During the 2023 Daily Journal shareholder meeting, Munger responded to a question from CNBC's Becky Quick about the trend of large companies, including Meta, opting for self-insurance against various liabilities. Quickly inquired about the potential systemic issues this trend could cause and sought Munger's thoughts. Don't Mi
The launch of Nvidia's Blackwell chips will test the ability of its suppliers and customers to deal with the infrastructure challenges associated with even more powerful chips.
Ballmer was employee No. 30 at Microsoft but got most of his wealth from a sweetheart deal.
Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations.
Shares in Hong Kong-listed Chinese property companies surged on Tuesday, after private data showed yearly sales declines for major Chinese property developers continued to narrow in June. Private developers Longfor Group, Shimao Group and Agile each surged more than 5%, while state-backed China Resources Land and privately-owned CIFI Holdings gained more than 4%. The market is closely watching the impact a major government package of support measures launched in mid-May would have on stabilizing the country's ailing property sector.
Dividend-paying stocks are often sought after for their potential to provide a steady income stream. However, it's crucial to examine the sustainability of these dividends. Companies like Metro Holdings, with high payout ratios, may indicate that their dividends could be at risk, making them less attractive for long-term investment stability.
Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.
For many people, retirement may seem like a far-off accomplishment, a glorious place that looms over a distant horizon. However, you might be in a position to close the gap and round the curve into...
Sri Lanka will save $5 billion following the restructuring of its bilateral debt, much of which is owed to China, through slashed interest rates and longer repayment schedules, the president said Tuesday."With the restructure measures we have agreed, we will make a saving of $5.0 billion," Wickremesinghe told parliament in his first address to the legislature since the debt deal.
Hong Kong stocks gained on Tuesday morning as traders returned after a public holiday and reacted to upbeat Chinese manufacturing data that eased some concerns about the economic outlook. The Hang Seng Index added 0.6 per cent to 17,819.50 at the noon trading break, climbing from a two-month low. The Tech Index gave up earlier gains to to finish the morning session down 0.1 per cent, while the Shanghai Composite Index was little changed after a 0.9 per cent gain on Monday. Li Auto jumped 5.3 per
A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago, raising the question of whether prices have again been inflated by optimism over a revolutionary technology. AI fever, coupled with a resilient economy and stronger earnings, has lifted the S&P 500 index to fresh records this year following a run of more than 50% from its October 2022 low. The tech-heavy Nasdaq Composite index has gained over 70% since the end of 2022.
As global markets navigate through varying economic climates, the Singapore Exchange (SGX) remains a focal point for investors seeking stability and consistent returns. In this context, dividend stocks often emerge as attractive options due to their potential to provide steady income streams. In light of current market conditions, a good dividend stock typically features robust fundamentals and a history of resilient performance across economic cycles, aligning well with the needs of...
Now isn’t the time to buy home builder stocks, says a Citi analyst who downgraded shares of Lennar and D.R. Horton on Tuesday. Anthony Pettinari moved his ratings on shares of Lennar and D.R. Horton to Neutral from Buy. The analyst wrote in a research note that these downgrades reflect a “slowing housing market.”
TOKYO (Reuters) -Japan's finance minister said on Tuesday authorities were vigilant to sharp currency market moves, as the yen continued its slump to fresh 38-year lows against the dollar, but stopped short of giving a clear intervention warning. The change in official daily commentary to reporters, in which an intervention warning has become almost customary, comes as analysts question the effectiveness of such jawboning in stopping sharp yen declines. "Foreign exchange levels are set by the market reflecting a complex mix of various factors, including inflation, current account balance, market sentiment and speculative moves," finance minister Shunichi Suzuki said in a regular post-cabinet meeting news conference.
"Go to the power, know the numbers, and do not be afraid to stand out and take a stand."
Piper Sandler analysts lowered their rating on the cybersecurity stock to Neutral from Overweight, reiterating a target of $400 for the price.
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