Month: August 2024
Westpac posts steady third-quarter profit, helped by higher capital earnings
A Westpac bank branch in Sydney, Australia. Katharina13 | iStock Editorial | Getty Images Australia’s Westpac Banking Corp beat analyst forecasts for third-quarter profit on Monday and reported improved net interest margin, helped by fewer bad loans and better-than-expected cost controls, sending its shares to a six-year peak. Based on the lender’s average quarterly performance […]
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China blames Philippines for Coast Guard collision at Escoda Shoal, warns it to stop ‘provocation’
Philippine Coast Guard law enforcement command personnel stand aboard the BRP Bagacay during a send-off ceremony in Manila on May 20, 2024. Ted Aljibe | Afp | Getty Images China on Monday accused Philippine vessels of “illegally” intruding and colliding with one of their ships in waters near the Escoda Shoal, in the latest territorial […]
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In major policy shift, Singapore announces unemployment support scheme
Singapore’s new Prime Minister Lawrence Wong makes a speech after being sworn in at the Istana in Singapore on May 15, 2024. Edgar Su | Afp | Getty Images SINGAPORE — The Lion City is set to launch an unemployment support scheme for workers who have been laid off or are involuntarily unemployed. The country’s […]
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Travelers are finally cracking under the pressure of high costs
During the second-quarter earnings period, many companies signaled travel demand is expected to drop in 2024. Source
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CNBC Daily Open: Wall Street ‘dress rehearsal’
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you […]
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Asia markets set for a breather after last week’s rally; inflation data and central bank decisions on deck
Finished utility hole covers and frames stored for shipment at the Ito Tekko Co. foundry in Kawaguchi, Saitama Prefecture, Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were largely set for a lower open on Monday after a week that saw markets rally. Traders in Asia will watch out for central bank releases this week, […]
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Planning a luxury trip to Singapore? Here’s what to do and where to stay
For many, Singapore — the city that inspired “Crazy Rich Asians” — is synonymous with luxury, with everything from top-tier accommodations to high-end shopping and restaurants. For the ultimate stay, Marina Bay Sands has an exclusive, invitation-only Chairman Suite, while Capella Singapore on Sentosa Island is a tranquil escape, known for hosting high-level international meetings. […]
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How the ultra wealthy travel in Singapore
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Locals call it the “little red dot,” after its diminutive proportions on world maps, but Singapore punches above its weight when it comes to offering travelers luxury living. Source
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Bank of America names 3 ETFs and a handful of stocks that will benefit from AI
Bank of America has identified several stocks and exchange-traded funds (ETFs) poised to benefit from the growth in artificial intelligence. The Wall Street bank surveyed its fundamental equity team of 130 analysts, covering approximately 3,400 companies, to identify the companies that stand to gain from AI across various sectors. The bank believes the development of […]
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Stock futures rise slightly after S&P 500 notches best week of the year: Live updates
Traders work on the floor at the New York Stock Exchange on Aug. 8, 2024. Brendan McDermid | Reuters Stock futures inched higher in overnight trading Sunday after the S&P 500 registered its best week of 2024. Futures tied to the S&P 500 rose 0.2%, while futures connected to the Dow Jones Industrial Average added […]
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