Singapore’s Monetary Authority has established a task force to evaluate measures aimed at improving the vibrancy of the city-state’s stock market. The focus will be on addressing market challenges, fostering listings, and facilitating market revitalization. It is crucial to acknowledge that Singapore’s stock market has been plagued by thin trading volumes and more delistings than
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Apple managed to beat analysts’ estimates on both the top and bottom lines in the fiscal third quarter. Earnings per share came in at $1.40, exceeding the expected $1.35. Revenue also surpassed estimates, totaling $85.78 billion. Unfortunately, Intel did not fare as well, with shares plummeting 17% in extended trading. The company announced plans to
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Bill Ackman’s decision to withdraw plans for an initial public offering for Pershing Square USA reflects a shift in investor demand from the fund. Despite attempting to model the offering after Berkshire Hathaway, the initial excitement surrounding the IPO significantly waned, leading to the fund’s eventual withdrawal. Initially aiming to raise $25 billion, Pershing Square
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The Federal Reserve officials recently stated that inflation is getting closer to its target, potentially paving the way for future interest rate cuts. While they did not explicitly mention an impending rate reduction, they acknowledged that progress has been made in improving economic conditions. The statement highlighted that risks related to achieving employment and inflation
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