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US: S&P 500, Nasdaq hit record highs as jobs data strengthens rate cut bets
THE S&P 500 and the Nasdaq hit new intra-day record highs on Friday (Mar 8) after data showing a rise in the unemployment rate and moderation in wage gains bolstered…
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US: Stocks hit fresh records as Powell signals rate cuts ahead
STOCKS on Wall Street closed higher, with both the S&P 500 and the Nasdaq finishing at new records amid a midweek bounce fueled by tech stocks including Nvidia. Remarks by Federal Reserve chair…
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Despite Oil Riches, Libyans Hit By Plummeting Purchasing Power
Libya may sit on Africa’s biggest oil reserves, but many families are struggling with rapidly rising consumer prices as the festive Muslim holy month of Ramadan nears. Since a currency…
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Bulk Carrier Hit By Missile From Yemen, Crew Says Three Dead
A missile fired by Yemen’s Huthi rebels hit a bulk carrier in the Gulf of Aden on Wednesday, with the crew reporting three people dead and at least four wounded,…
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Apple Hit With 1.8-bn-euro EU Fine For Music Streaming Restrictions
The EU on Monday hit Apple with a 1.8 billion-euro-fine ($1.9 billion) for violating the bloc’s laws by preventing music streaming services from informing users about subscription options outside of…
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Lufthansa warns latest two-day strike will hit 200,000 travellers
DEUTSCHE Lufthansa expects the latest two-day strike by ground crews to disrupt travel for more than 200,000 passengers, putting pressure on the German airline to negotiate a deal. Labour union…
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Healthcare providers hit by frozen payments in ransomware outage
HEALTHCARE providers across the US are struggling to get paid following the week-long ransomware outage at a key tech unit of UnitedHealth Group, with some smaller providers saying they are…
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Foreigners sold Japanese stocks last week as Nikkei hit a record
FOREIGN investors took profit from Japanese stocks last week as the Nikkei 225 Stock Average hit an all-time high, turning net sellers for the first time since December. Overseas investors…
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Google hit with 2.1 billion euro lawsuit by Axel Springer, other media groups
ALPHABET’S Google was hit with a 2.1-billion-euro (S$3.1 billion) lawsuit by 32 media groups including Axel Springer and Schibsted on Wednesday (Feb 28), alleging that they had suffered losses due…
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Worldline takes 1.15 billion-euro hit from merchant services write down
FRENCH payment company Worldline on Wednesday (Feb 28) posted a 6 per cent rise in full-year revenue, but reported a net loss group share after it took a 1.15 billion…
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Aston Martin annual losses narrow as prices hit record levels
ASTON Martin’s annual losses more than halved in 2023, coming in smaller than market expectations, after selling prices reached record levels as the British luxury carmaker delivered its Valkyrie models…
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G20 Finance Ministers Meet On World Economy Hit By Crises, Conflicts
G20 finance ministers will meet Wednesday in Brazil, seeking ways to shore up a global economy whose nascent recovery is threatened by a raft of conflicts and crises, including the…
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US corporate bond sales hit US$153 billion in February record
BLUE-CHIP companies in the United States sold a record US$172 billion of bonds in February after falling yields spurred investors to buy debt and pushed companies to take advantage of…
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Ho Bee Land’s H2 net loss of S$102.7 million extends losing streak on hit from London portfolio
REAL estate developer Ho Bee Land reported a net loss of S$102.7 million for the six months ended Dec 31, 2023, reversing a net profit of S$16.4 million in the…
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Southern Gaza Hit As Israeli Spy Chief Reportedly Heads To New Talks
Israeli air strikes targeted homes in the southern Gaza Strip, witnesses said on Friday, adding to what aid groups describe as an increasingly hopeless humanitarian situation despite efforts towards new…
