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SIA Group Q1 Profit Surges
(RTTNews) - SIA Group Ltd. reported that its first-quarter net profit soared 98.4 percent to S$734 million from S$370 million in the prior-year quarter. This was primarily driven by robust demand for air travel through the mid-year school holidays and the start of the summer travel season.
Operating profit grew 35.8 percent to S$755 million from S$556 million in the prior year.
Total group revenue for the quarter increased 14.0 percent year-on-year to S$4.48 billion, as higher passenger flown revenue was partially offset by a decline in cargo flown revenue.
The SIA Group said its capacity remains on track to reach an average of around 90 percent of pre-Covid6 levels by March 2024.
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Swiss Market Ends On Buoyant Note Amid Hopes Of Striking Deal For Lower Tariffs
The Switzerland market closed on a strong note on Tuesday, gaining in strength consistently after opening modestly higher. Investors picked up stocks amid hopes Switzerland will strike a deal with the U.S. to lower tariffs.
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Před 3 h 26 min
European Markets Close On Firm Note
European stocks closed on a positive note on Tuesday as the passage of a short-term funding bill late Monday raised the possibility of the longest government shutdown in U.S. history coming to an end soon.
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Před 3 h 49 min
Bay Street May Open Higher Again
Canadian stocks may open higher on Tuesday, riding on firm commodity prices. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history, is likely to aid sentiment.
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Před 7 h 56 min
UK Unemployment Rate Highest Since 2021
The UK unemployment rate increased to the highest since early 2021 in the third quarter, raising chances of an interest rate cut, official data revealed on Tuesday. The ILO jobless rate rose to 5.0 percent in the third quarter from 4.8 percent in the three months to August, the Office for National Statistics said. The rate was above economists' forecast of 4.9 percent.
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Před 8 h 50 min
FTSE 100 Rises On Rate Cut Hopes; Vodafone Group Moves Up Sharply
U.K.'s FTSE 100 index has moved up sharply on Tuesday, amid hopes of a rate cut by the Bank of England next month after data showed an increase in the nation's unemployment rate in the third quarter. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history is also aiding sentiment.
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Před 9 h 7 min
CAC 40 Up 0.6%; Hermes International, LVMH Among Top Gainers
French stocks are up firmly in positive territory on Tuesday, extending gains from the previous session, following the passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history.
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Před 9 h 34 min
DAX Up Marginally As Mood Remains Positive After Passage Of U.S. Short-term Spending Bill
The German market is up in positive territory on Tuesday, as the undertone remains firm following the U.S. Senate passing a short-term funding bill late Monday to end the longest government shutdown in U.S, history.
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Před 9 h 59 min
German Economic Confidence Weakens In November
German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.
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Před 10 h 32 min
