Singapore markets closed
  • Business
    Reuters

    GLOBAL MARKETS-Strong US jobs data throws rate cut bets into doubt

    World stocks teetered close to their first weekly loss since October, government bond prices dropped and the dollar firmed as strong U.S. jobs data signaled the U.S. economy was still too robust for the Federal Reserve to cut interest rates. MSCI's broad gauge of world stocks traded flat on Friday, heading for a 0.1% fall this week after five weeks of gains. U.S. employers added 199,000 new workers in November, Friday's non-farm payroll report showed, beating economists' expectations and dashing expectations that the Federal Reserve will turn dovish at its rate setting meeting next week.

  • Business
    Reuters

    UPDATE 1-China says Boeing welcome to deepen development in its market

    China's aviation regulator's deputy head on Friday told a Boeing executive in Beijing the airplane maker was welcome to deepen its development in the Chinese market. Boeing was welcome to continue to strengthen exchanges and co-operation with the regulator and the aviation industry in China, Civil Aviation Administration of China (CAAC) quoted Hu Zhenjiang as saying in meeting with Mike Fleming, Boeing's senior vice president for development programs and customer support.

  • Business
    Reuters

    DTE Energy sees higher profit in 2024

    Utility firm DTE Energy forecast higher operating profit for 2024 on Friday, as it expects strong revenue from its electric, gas, renewable energy and energy trading business segments next year. DTE Energy cut its 2023 operating EPS outlook to between $5.65 and $5.85 from $6.09 to $6.40 on storm-related expenses and operating and maintenance charges in the previous quarter. DTE beat Street profit estimates for the first two quarters before the impact of thunderstorms in key operating region Michigan and weak electricity demand resulted in a miss in the third quarter.