Skydance expects to more than double its revenue in coming years, WSJ reports

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OCBC ‘not in the business of providing liquidity’ for Great Eastern
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The Edge Singapore
DBS reports record 1QFY2024 net profit of $2.96 bil, 15% higher y-o-y
An interim dividend of 54 cents has been declared.
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Venture Corporation Limited (SGX:V03) Will Pay A S$0.50 Dividend In Four Days
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DBS quarterly results trounce forecasts, another record year expected
SINGAPORE (Reuters) -Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it expects net profit to exceed last year's record result. Underpinned by robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15% from the same period a year earlier to S$2.96 billion ($2.2 billion), beating market expectations for a 3.5% decline. Guidance that net profit would grow this year was more upbeat than in the previous quarter when DBS said only that it expected this year's net interest income to be around 2023 levels.
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Apple plans record $110 billion share buyback amid challenging earnings report
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The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it
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Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says
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AFP News
US Federal Reserve keeps interest rates at 23-year high
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Yahoo Finance
Stock market today: Stocks end mixed in volatile session after Fed decision, Powell comments
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The Edge Singapore
Beng Kuang Marine posts $11.3 mil profit before tax for 1QFY2024 from land sale
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Reuters Videos
Japanese yen surges on suspected intervention
STORY: The Japanese yen surged against the dollar in the early hours of Thursday. Traders said it looked like another round of intervention by Tokyo authorities to prop up the ailing currency. The dollar fell to 153 against the yen, from over 157 earlier, though it later clawed back much of the losses. It comes after the Japanese currency slid to multi-decade lows against the greenback. Speaking earlier in the week there was a hint of action from Vice Finance Minister Masato Kanda, who overseas yen policy: “The extreme and abnormal fluctuation caused by speculation and its negative impact on the national economy cannot be overlooked. Therefore, we would like to continue to take appropriate actions when necessary.”On Thursday there was no confirmation from the government that intervention had taken place. However, it’s thought a similar move also happened on Monday. Money market data the following day suggest Japan’s finance ministry spent $35 billion propping up the currency. The yen has been pummelled by factors including Japan’s very low interest rates compared to the U.S. Though the Bank of Japan did finally do a hike in March, a gulf remains. That’s likely to remain the case for some time, with stubbornly high inflation in the U.S. seen delaying rate cuts by the Federal Reserve. Such factors have seen the yen fall around 10% versus the dollar just this year.
The Smart Investor
5 US Growth Stocks That Are Growing Their Profits and Dividends
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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
Reuters
Ex-BOJ official predicts Japan will keep intervening to prevent yen free-fall
Japan will likely keep intervening to prop up the yen until the risk of speculators triggering a free fall in the currency has been eliminated, said a former central bank official who was involved in Tokyo's market forays a decade ago. The yen jumped on Thursday on what traders suspect was the second day of intervention following such action on Monday to stem the currency's sharp declines. Japan's Ministry of Finance has declined to confirm whether it had stepped in, leaving markets on edge over the chance of another bout of intervention.

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Skydance expects to more than double its revenue in coming years, WSJ reports

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