May 9 (Reuters) - Fraser and Neave Ltd:
* INTERIM DIVIDEND OF 1.5 SG CENTS PER SHARE
* HY ATTRIBUTABLE PROFIT (BEFORE EXCEPTIONAL ITEMS) INCREASED 52% TO S$83.8 MILLION
* HY REVENUE S$1,071.1 MILLION VERSUS S$1,045.3 MILLION Further company coverage:
The Under Armour meltdown continues.
Analysts see Nvidia's earnings per share soaring 474% to $5.22, with revenue up 241% to $24.5 billion.
Gold prices touched a record high on Monday as recent economic data boosted bets for interest rate cuts by the U.S. Federal Reserve, while silver followed suit and surged to a more than 11-year high. Spot gold rose 1% to $2,438.41 per ounce, as of 0852 GMT, after hitting a record high of $2,449.89 earlier in the session. Data showed that U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend in a boost to expectations for a September interest rate cut.
Over the past few years, Michael Burry has gained more media attention with his recession warnings and market crash “predictions” than he did for accurately foreseeing the 2008 financial crisis. But his persistent warnings about recession and market crashes never realized, denting his reputation as an expert and hedge fund manager. Were Michael Burry’s Recession […]
Though your pre-retirement income alone isn't enough to determine whether you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you can...
A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.
Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields and volatility in check, and boosting risk assets. But there's a cloud that shows no sign of lifting: China. The economic "data dump" from Beijing on Friday showed that China's recovery is sputtering - investment growth slowed, retail sales expanded at the slowest pace since late 2022, and new home prices fell at the fastest rate in nine years.
Consumers still have some control where their money goes.
Why did Roaring Kitty return, and what — if anything — does it mean for the future of GameStop’s stock prices?
World shares, gold and copper started the week near record highs, buoyed by investor optimism due to slower inflation, economic growth and China's efforts to address its property crisis. Gold climbed more than 1% to a record $2,449.89 an ounce, while three-month copper on the London Metal Exchange surged as much as 4.1% to a historic high of $11,104.50, after climbing 28% so far this year. That the two metals were rallying together was notable, said analysts at Rabobank, as the two tend to "provide different signals, with copper being reflective of the economic outlook - owing to its importance as an industrial input - and gold being an indicator of broader sentiment."
Luxury watch prices are moderating on the secondary market, but retailers like Watches of Switzerland see demand continuing to outpace supply.
Yukon Cornelius, the self-proclaimed greatest prospector from the north in the TV movie Rudolph the Red-Nosed Reindeer, would be thrilled to learn that this year’s bull run in gold shows no signs of slowing down. Other precious metals such as silver stand to gain too, for many of the same reasons. Gold tends to do well during times of dollar weakness.
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The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling. Data last week showed U.S. consumer prices rose less-than-expected in April, leading to markets pricing in 50 basis points of Fed rate cuts this year. Neil Jones, who works in financial institutions FX sales at currency services firm TJM FX, said a "barrage" of speeches from Fed officials will keep investors alert this week.
A lot can influence how much you save, including your income level, debt load, cost of living and financial habits. If you're trying to up your savings, one way to start is by taking a look at your...
LVMH founder Bernard Arnault remains at the top of the heap.
Equities rose Monday, extending a rally in New York that saw the Dow close at a record high, with sentiment boosted by China's plan to support its struggling property sector and hopes for a US interest rate cut.The prospect of US interest rates coming down boosted gold prices to another record of $2,440.59 -- topping its previous all-time high seen last month -- as lower borrowing costs make the precious metal more attractive.
As of May 2024, the Hong Kong market has shown resilience with the Hang Seng Index gaining 3.11%, reflecting a positive sentiment among investors despite broader global economic uncertainties. This backdrop creates an interesting scenario for dividend-seeking investors, as stable, high-yield stocks could be particularly appealing in such an environment where steady returns are prized amidst fluctuating markets.
Last week, China unveiled "historic" steps to stabilise its crisis-hit property sector, although economic data indicated a patchy recovery for the world's second-largest economy. Stocks in Indonesia reversed course to trade 0.2% lower. A Reuters poll showed that the Bank Indonesia will likely keep its key interest rate on hold through the next quarter to support a weak rupiah.
Bridgewater Associates bought shares of Apple, Nvidia, and Microsoft in the first quarter, and halved a stake in NIO.
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