India cenbank bought net $8.56 billion in spot forex market in February, bulletin shows

The Smart Investor
3 Singapore Blue-Chip Stocks That Reported Solid Earnings
Here are three Singapore blue-chip stocks that delivered a robust set of earnings. The post 3 Singapore Blue-Chip Stocks That Reported Solid Earnings appeared first on The Smart Investor.
Simply Wall St.
An Intrinsic Calculation For ComfortDelGro Corporation Limited (SGX:C52) Suggests It's 43% Undervalued
Key Insights ComfortDelGro's estimated fair value is S$2.61 based on 2 Stage Free Cash Flow to Equity Current share...
Simply Wall St.
Venture Corporation Limited (SGX:V03) Will Pay A S$0.50 Dividend In Four Days
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Venture...
Reuters
Global hedge funds chase Hong Kong stocks rally, UBS says
Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong Kong's stock markets, which closely mirror China's struggling performance, have recovered since March as Beijing rolled out economic support measures. Swiss bank UBS said in a note Hong Kong market trends had changed in the final days of April, in contrast to that since February when most inflows came from short covering.
BBC
Apple sales fall in nearly all countries
The tech giant says demand for its smartphones fell more than 10% in the first three months of the year.
CNN Business
Apple plans record $110 billion share buyback amid challenging earnings report
Apple on Thursday posted first-quarter revenue of $90.8 billion, down 4% year over year, as the iPhone maker continues to struggle with growth challenges, particularly in China, amid an uncertain economic environment.
Zacks
Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?
Investors may be wondering if it's time to buy the post-earnings dip in AMD (AMD) and Super Micro Computer's (SMCI) stock as both are AI leaders.
Yahoo Finance
Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%
Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
BBC
US warns rates to stay high as it battles inflation
The US central bank has left interest rates unchanged again, noting a "lack of further progress" on inflation.
The Edge Singapore
Beng Kuang Marine posts $11.3 mil profit before tax for 1QFY2024 from land sale
This surpasses the company’s FY2023 profit before tax of $10.82 million.
MoneySmart
More Than Just a Pit Stop: 5 Hidden Gems at Your Local Petrol Station
Petrol stations are always the reliable, dependable stops that you can count on when you’re in need of some juice for your car, no matter the hour. But beyond their... The post More Than Just a Pit Stop: 5 Hidden Gems at Your Local Petrol Station appeared first on MoneySmart Blog.
Benzinga
Google Eliminates 200 Jobs, Moves Roles to India And Mexico As Part Of Cost-Trimming Efforts
This story was first published on the Benzinga India portal. As part of a significant cost-cutting strategy, Alphabet Inc's Google (NASDAQ: GOOGL) recently eliminated approximately 200 roles from its core team and relocated some positions to India and Mexico. The tech giant also slashed nearly 50 engineering roles stationed at its California headquarters. According to internal documents obtained by CNBC, Google intends to recruit new staff in India and Mexico to fill these vacated roles. The cor
GOBankingRates
Microsoft Stock Secrets: How To Make $1,000 a Month With Dividends
When it comes to explaining the power of stock market investing, one example that frequently makes the rounds is how rich you would be now if you had invested in Microsoft when the software company...
Reuters
Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S. stock and bond investors, as uncertainty over the path of inflation intensifies the focus on upcoming data. Though Powell on Wednesday acknowledged a lack of recent progress in the Fed’s battle against rising consumer prices, he reiterated the view that interest rates are likely headed lower this year. That was a relief for those worried the Fed could be eyeing more rate increases after three straight months of stronger-than-expected inflation.
CNN
At least 25,000 people in the US are starting weight-loss drug Wegovy each week, drugmaker says
Drugmaker Novo Nordisk said it’s been increasing supply of its sought-after weight-loss drug Wegovy, with at least 25,000 people now starting to take the medicine each week in the United States.
Reuters
Credit Suisse may face $36 million fine over South Korea short-selling, says Chosun Ilbo
South Korea's financial authorities have notified Credit Suisse AG it could face 50 billion won ($36.32 million) in fines over allegations it breached short-selling rules, South Korea's Chosun Ilbo daily reported on Thursday, citing industry sources. The Financial Supervisory Service (FSS) is set to announce on Friday the mid-term findings from its investigation of short-selling by global investment banks. The FSS declined to comment on the Chosun Ilbo report.
Simply Wall St.
HRnetGroup (SGX:CHZ) Will Pay A Larger Dividend Than Last Year At SGD0.0213
The board of HRnetGroup Limited ( SGX:CHZ ) has announced that it will be increasing its dividend by 14% on the 24th of...
Reuters
US STOCKS-Wall Street rises as Fed rate-hike concerns alleviate
Wall Street's main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a crucial job report later in the week. While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might actually need to go up again. "The outcome of the (Fed) statement, plus the press conference was for slightly more rate cuts to be priced in, not necessarily sooner, but by the end of the year," said Brian Nick, senior investment strategist at the Macro Institute.
Reuters
RBA to hold rates in May, only cut once by end-year- Reuters poll
Australia's central bank will hold its key policy rate at 4.35% for a fourth straight meeting on Tuesday and at least until end-September, according to a Reuters poll of economists who forecast just one interest rate cut this year. That change in expectations from two 25 basis point cuts in an April survey follows news inflation fell less than expected last quarter and the labour market remains tight. Although inflation slowed to 3.6% from 4.1% previously, it was not expected to fall below the Reserve Bank of Australia's 2-3% target range until 2025, suggesting the central bank will have to hold rates higher for longer.
Reuters
Canada posts surprise trade deficit as gold exports fell in March
OTTAWA (Reuters) -Canada in March recorded a surprise trade deficit of C$2.28 billion ($1.66 billion), the largest in nine months, as exports declined faster than imports, data showed on Thursday. Total exports fell 5.3% in March mainly due to exports of unwrought gold declining from a record high reached in February, while imports were down 1.2%, led by electronics and metal ores and non-metallic minerals, Statistics Canada said. Analysts polled by Reuters had forecast a trade surplus of C$1.50 billion in the month.

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India cenbank bought net $8.56 billion in spot forex market in February, bulletin shows

Latest stories

3 Singapore Blue-Chip Stocks That Reported Solid Earnings

An Intrinsic Calculation For ComfortDelGro Corporation Limited (SGX:C52) Suggests It's 43% Undervalued

Venture Corporation Limited (SGX:V03) Will Pay A S$0.50 Dividend In Four Days

Global hedge funds chase Hong Kong stocks rally, UBS says

Apple sales fall in nearly all countries

Apple plans record $110 billion share buyback amid challenging earnings report

Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?

Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%

US warns rates to stay high as it battles inflation

Beng Kuang Marine posts $11.3 mil profit before tax for 1QFY2024 from land sale

More Than Just a Pit Stop: 5 Hidden Gems at Your Local Petrol Station

Google Eliminates 200 Jobs, Moves Roles to India And Mexico As Part Of Cost-Trimming Efforts

Microsoft Stock Secrets: How To Make $1,000 a Month With Dividends

Analysis-Powell's soothing tone may not be enough for inflation-spooked markets

At least 25,000 people in the US are starting weight-loss drug Wegovy each week, drugmaker says

Credit Suisse may face $36 million fine over South Korea short-selling, says Chosun Ilbo

HRnetGroup (SGX:CHZ) Will Pay A Larger Dividend Than Last Year At SGD0.0213

US STOCKS-Wall Street rises as Fed rate-hike concerns alleviate

RBA to hold rates in May, only cut once by end-year- Reuters poll

Canada posts surprise trade deficit as gold exports fell in March