Month: November 2024

DBS Group, Singapore’s largest bank, reported a record net profit for the third quarter on Thursday but forecast that 2025 profits would fall below 2024 levels due to the introduction of a global minimum corporate tax rate in Singapore. For the July-September period, DBS’s net profit jumped 15% to S$3.03…

A prominent British think tank warned on Wednesday that the UK’s already sluggish economic growth could be slashed by more than half if Donald Trump wins the U.S. presidential election and enforces sweeping import tariffs. In its latest report, the National Institute of Economic and Social Research (NIESR) painted a…

A prominent British think tank warned on Wednesday that the UK’s already sluggish economic growth could be more than halved if Donald Trump wins the U.S. presidential election and enacts broad import tariffs. In its latest report, the National Institute of Economic and Social Research (NIESR) painted a grim outlook…

BMW reported a 61% drop in third-quarter profit on Wednesday, falling short of analyst expectations due to weak sales in China and issues with its brake systems. However, the automaker reaffirmed that it remains on track to meet its revised full-year financial targets. In a statement, BMW CEO Oliver Zipse…

European stock markets rose on Wednesday, following Wall Street’s lead as Republican candidate Donald Trump appeared poised to win the US presidential election. By 03:02 ET (08:02 GMT), Germany’s DAX index was up 0.6%, France’s CAC 40 had gained 0.7%, and the UK’s FTSE 100 rose by 0.8%. **Trump Declares…

Trump has pledged to implement heavy trade tariffs on China, intensifying economic pressure on the country as it struggles with ongoing deflation and a prolonged slump in the property market. This week, attention is also on the National People’s Congress in China, where more insights are expected regarding Beijing’s plans…

Global investors were increasingly betting on a victory for Republican Donald Trump late Tuesday, as the former president took the lead in the U.S. presidential race, with results from key battleground states still pending. U.S. stock futures, the dollar, Treasury yields, and bitcoin all saw gains—signals that analysts and investors…

U.S. stock index futures inched higher on Monday evening, recovering some of the ground lost during recent trading sessions. This came as investors adopted a cautious stance ahead of a busy week, with a tight presidential election and a Federal Reserve meeting on the horizon.  Futures for the S&P 500,…

Shares of Associated British Foods (ABF) (LON:ABF) rose by 4.1% to £2,383 on Tuesday after the company reported results that exceeded expectations.  ABF posted a pre-tax profit of £1.917 billion, slightly surpassing analysts’ estimates of £1.873 billion. Primark, the company’s key retail unit, delivered operating profits that beat forecasts, while…

An uneasy calm settled over currencies and bonds as investors awaited the outcome of the U.S. presidential election, with polls indicating a tight race. Meanwhile, expectations of increased government spending in China helped lift Chinese stocks. The MSCI Asia-Pacific index, excluding Japan, edged up by 0.3%, while Japan’s Nikkei, returning…