Federal Reserve chairman Jerome Powell's testimony to the United States Congress fuelled a rally across Asia-Pacific bourses on July 11, lifting the Singapore bluechip barometer in the process.
Mr Powell told lawmakers that the central bank would not wait until inflation had hit the bank's 2 per cent target before lowering interest rates remarks that unleashed optimism among investors for rate cuts soon.
Diese Geschichte stammt aus der July 12, 2024-Ausgabe von The Straits Times.
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Diese Geschichte stammt aus der July 12, 2024-Ausgabe von The Straits Times.
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YEO EYES NEXT OLYMPICS
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LEONE ON TARGET IN METAL CHASE
Swiss keeps her cool in tense final to get her hands on gold and a piece of the Eiffel Tower
'UNFAIR' PENALTY FUELS CANADA
Docked 6 points over a spying scandal, their next obstacle is a q-final against Germany
SUMMER STORM BLOWING
McIntosh wins 200m fly for 2nd gold, as Ledecky's 13th medal sets women's mark
ALCARAZ TURNS A DEAF EAR TO FANS
World No. 3 trying to tune out the hype after reaching singles final at Roland Garros
Trailblazer Scruggs aims to inspire young, black fencers
After Lauren Scruggs clinched the gold medal for the United States in the women's foil team competition on Aug 1, the fencer threw off her mask and spun around, her eyes and mouth wide open.
The Olympic doom everyone predicted never came to Paris
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OCBC Q2 profit up 14% to $1.94b, beating estimates
Bank still weighing its options on offer bid for insurer Great Eastern, says group CEO
Major foreign insurers view S'pore as launch pad to S-E Asia
Republic's proximity to untapped markets is key plank in their expansion plans
Amazon shares slide 5% after it forecasts sales below estimates
Amazon.com forecast current-quarter sales below estimates and said cautious retail consumers are seeking out cheaper options for purchases, sending its shares down 5 per cent on Aug 1.
