April 24 (Reuters) - Sto Express:
* SAYS SINGAPORE UNIT PLANS TO SELL 114.1 MILLION SHARES IN CAINIAO SMART LOGISTICS NETWORK WORTH $70.7 MILLION
Source text Further company coverage: (Reporting by Beijing Newsroom)
Some commentators have spent decades predicting the imminent demise of the US dollar’s special status as the world’s international reserve currency.
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He owes it to one woman.
Former Starbucks CEO Howard Schultz urged his successors to get back to basics as the company sees falling sales. Schultz said in a LinkedIn post that leaders should focus on spending time in stores and on providing good coffee rather than other management strategies. “At any company that misses badly, there must be contrition and…
"Rarely have I seen such a true win-win scenario for the government, Wall Street and the U.S. consumer."
Stocks rallied at the end of last week, getting a boost from a "Goldilocks" jobs report.
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Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to $1 billion. Shell declined to comment on the talks but said Malaysia is an important country to the company. Saudi Aramco also declined to comment.
Gold prices climbed more than 1% on Monday, as the U.S. dollar weakened after softer-than-expected U.S. jobs data fueled expectations of potential interest rate cuts by the Federal Reserve later this year. Spot gold rose 1% to $2,324.94 per ounce by 2:00 p.m. ET (1800 GMT). "The downside that we've seen over the last few weeks might actually be running out of steam, opening (the) door for gold prices to resume their upward trajectory," said Daniel Ghali, commodity strategist at TD Securities.
'There has been a shift in thinking by the government that this is not just an SGX problem'
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President Biden's jaw-dropping proposal to raise the capital gains tax rate for certain investors has caused shockwaves across financial markets. The proposed taxes are detailed in the...
Advanced Micro Devices, Inc (NASDAQ:AMD) is strategically preparing to address the growing demand for AI computing by leveraging its extensive product range. CTO Mark Papermaster emphasized AMD’s robust portfolio of compute engines, strong relationships with customers across diverse markets, and open software capabilities. He reflected on AMD’s 55-year history, highlighting its shift to a modular IP portfolio unified by a comprehensive AI software stack, which will enable the company to adapt mo
China's average daily home sales during the major May Day public holiday sank 47% from a year earlier, and were down around 30% from pre-pandemic levels in 2019 for the same holiday period, according to a private survey on Monday. Home sales fell in 19 of 22 surveyed cities during the five-day May Day compared to the same period of 2023, and were down more than 60% in mega cities of Guangzhou and Shanghai, according to data from the China Index Academy, one of the country's largest independent real estate researchers. "The new housing market is still under adjustment pressures," said the research firm, adding "there is more room for lowering the downpayment ratio, reducing mortgage interest rates and transaction taxes and fees."
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Thai Beverage's (SGX:Y92) stock is up by 3.2% over the past week. We wonder if and what role the company's financials...
The Australian dollar has rallied a bit in the early hours on Monday, and as a result, we are testing the overall ceiling in the long-term consolidation area.
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