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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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China Shares Tipped To Open In The Green
The China stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just above the 4,000-point plateau although it figures to move back to the upside on Wednesday.
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1小时3分钟前
Australia Home Loans Jump 6.4% In Q3
The total number of new home loans issued in Australia was up a seasonally adjusted 6.4 percent on quarter in the third quarter of 2025, the Australian Bureau of Statistics said on Wednesday - coming in at 141,470.
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1小时28分钟前
Tech Shares May Weigh On Taiwan Stock Market
The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day losing streak in which it had given up more than 640 points or 2.3 percent. The Taiwan Stock Exchange now sits just above the 27,780-point plateau and it may remain stuck in neutral on Wednesday.
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1小时33分钟前
U.S. Dollar Weakens Amid Risk Appetite
The U.S. dollar fell against its major counterparts in the New York session on Tuesday amid risk appetite following a deal to end the government shutdown.
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1小时54分钟前
Singapore Bourse May Extend Tuesday's Gains
The Singapore stock market bounced higher again on Tuesday, one day after ending the two-day winning streak in which it had climbed more than 75 points or 1.7 percent. The Straits Times Index now sits just above the 4,540-point plateau and it's expected to bounce higher again on Wednesday.
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2小时3分钟前
Japan M2 Money Stock Climbs 1.6% Annually
The M2 money stock in Japan was up 1.6 percent on year in October, the Bank of Japan said on Wednesday - coming in at 1,270.1 trillion yen.
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2小时8分钟前
Win Streak May Continue For Malaysia Stock Market
The Malaysia stock market has moved higher in three straight sessions, collecting more than 15 points or 1 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,635-point plateau and it's expected to see additional support on Wednesday.
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2小时33分钟前
Mild Upside Seen For Japan Stock Market
The Japan stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,840-point plateau and it may tick higher again on Wednesday.
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2小时48分钟前
