April 29 (Reuters) - Singapore Telecommunications Ltd :
* OPTUS MOBILE SIGNED AN AGREEMENT WITH TPG TELECOM LIMITED
* AGREEMENT TO CREATE A REGIONAL MULTI-OPERATOR CORE NETWORK
* OPTUS EXPECTS TO RECEIVE TOTAL SERVICE FEES OF APPROXIMATELY A$1.6 BILLION OVER 11-YEAR TERM Further company coverage:
It can be a tough decision to decide between the three big local banks. We simplify the decision by comparing various metrics across the lenders. The post DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy? appeared first on The Smart Investor.
As the Singapore market embraces innovation, exemplified by Deutsche Bank joining the Monetary Authority of Singapore's Project Guardian to explore asset tokenization, investors are witnessing a dynamic shift in financial technologies and investment possibilities. In this evolving landscape, dividend stocks remain appealing for their potential to offer steady income streams, particularly when navigating through periods of technological transformation and market adaptation.
Legendary investor Warren Buffett has long advocated for the average investor to regularly put money in an S&P 500 index fund rather than buying actively managed funds. However, that's not to say he doesn't think massive outperformance isn't possible. As far back as 1999, Mr. Buffett famously said he could achieve 50% annual returns if he had only $1 million to manage, stating, "The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But
OCBC has made an offer for insurer Great Eastern Holdings. Will this move benefit the lender? The post OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors? appeared first on The Smart Investor.
For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt.
Stocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Key Insights Insiders appear to have a vested interest in Boustead Singapore's growth, as seen by their sizeable...
These product releases just reaffirmed how massively this technology is going to change our lives
Today we're going to take a look at the well-established Advanced Micro Devices, Inc. ( NASDAQ:AMD ). The company's...
Singapore Airlines on Wednesday posted a record annual profit and raised its dividend, reflecting strong travel demand in North Asia, but flagged geopolitical woes, supply chain snags and fierce competition as challenges facing the sector. Singapore Airlines said the demand for air travel remained "healthy" in the first quarter of fiscal 2024-2025 on the back of a pick up in forward bookings in North and South East Asia. It also declared a final dividend of 38 Singapore cents apiece, higher than the 28 Singapore cents a year ago.
Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech.
While the top- and bottom-line numbers for Sea Limited (SE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
Wall Street's three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors' hopes for interest rate cuts by the Federal Reserve. All three indexes hit intraday record highs with technology stocks leading the charge.
U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. It followed recent surveys showing an increase in inflation expectations, prompting traders to trim bets for a September interest rate cut from the Federal Reserve.
TOKYO (Reuters) -Japan's economy contracted in the first quarter, squeezed by weaker consumption and external demand and throwing a fresh challenge to policymakers as the central bank looks to lift interest rates away from near-zero levels. Preliminary gross domestic product (GDP) data from the Cabinet Office on Thursday showed Japan's economy shrank 2.0% annualised in January-March from the prior quarter, faster than the 1.5% drop seen in a Reuters poll of economists. The reading translates into a quarterly contraction of 0.5%, versus a 0.4% decline expected by economists.
NEW YORK/LONDON (Reuters) -The dollar eased on Tuesday after an unexpected increase in U.S. producer prices in April amid strong gains in the costs of goods and services, indicating inflation remained stubbornly high early in the second quarter. The report from the Labor Department also showed wholesale goods prices rising solidly last month, though the cost of food declined. Traders trimmed their expectations for the Federal Reserve to cut interest rates in September after the report.
Stock markets struck record highs Wednesday after official data showed US inflation cooled slightly in April, raising hopes that the Federal Reserve will cut interest rates in the coming months.Given the inflation data "combined with Powell's reiteration yesterday that the bar to rate hikes remains very high, it looks like stocks have a clear path to make another run at record highs," said IG analyst Chris Beauchamp.
HONG KONG (Reuters) -China's Tencent Holdings posted a 6% rise in first-quarter revenue on Tuesday, beating analyst expectations, on strong growth in advertising sales and business services. China's biggest internet company and operator of the WeChat messaging platform said revenue reached 159.5 billion yuan ($22.04 billion) for the three months ended March 31. It's the fifth straight quarter of revenue growth as the company recovers from a regulatory crackdown by Beijing in 2022.
The networking gear provider said that customers were now working through a glut of routers and switches.
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