SLB helped lead the market after the provider oilfield services delivered bigger profit and revenues for the end of 2024 than analysts expected. It jumped 6.1% after it also raised its dividend by 3.6% and said it’s returning $2.3 billion to its investors by buying back its own stock.
The Bank of Thailand is projected to cut interest rates in the first half of 2025 as the country needs support from both fiscal and monetary policies to spur economic growth, says Kasikorn Asset Management (K-Asset).
The Philippine stock market closed below the 6,300 level Friday despite the regional upswing on concerns over interest rates. The Philippine Stock
Markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the Bank of Japan.
U.S. stocks rose to a record Thursday as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year. The S&P 500 climbed 0.5% to surpass its record set early last month after coming close the day before.
Gold rose to near a record high as the dollar fell after President Donald Trump signaled a less aggressive approach to China.
Singapore’s central bank eased its monetary policy for the first time in nearly five years, saying economic growth is likely to slow this year and inflation will stay contained.
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Asian currencies consolidated against the dollar in the morning session but may strengthen on prospects for Fed rate cuts that would diminish the appeal of U.S. fixed-income assets and demand for the greenback.
The body of a fallen U.S. Border Patrol agent has been moved to a Vermont funeral home three days after he was killed during a traffic stop near the Canadian
The Monetary Authority of Singapore (MAS), which uses the exchange rate as its main policy tool rather than interest rates, will "reduce slightly" the slope of its policy band, according to a statement Friday. There was no change to the width of the band or the level at which it is centred.