Keppel’s Profits Rebound to S$300mn

Keppel’s Profits Rebound to S$300mn

Keppel Corp reported profits of S$300mn ($222mn) for 1H2021, reversing net losses of -S$537mn ($397mn) during the same period last year that was impacted by S$930mn ($687mn) of impairments in its O&M business. All of its key business units reported a better...

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Pemex Reports Quarterly Profits of $722.5mn

Pemex Reports Quarterly Profits of $722.5mn

Mexico's Petroleos Mexicanos (PEMEX) released its Q2 numbers where it reported a quarterly net profit of $722.5mn, which the company said was driven by higher income from international sales. This came after PEMEX reported a loss of $1.9bn in 2Q2020 and a loss of...

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Boeing Reports Surprise Profit

Boeing Reports Surprise Profit

Boeing reported its first quarterly profit since 3Q2019 on Wednesday driven by higher commercial planes and services volumes as the travel sector staged a recovery from the post pandemic slump. The company reported a profit of $567mn during the quarter against a loss...

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MAS Lifts Dividend Cap on Singapore Banks

MAS Lifts Dividend Cap on Singapore Banks

Singapore’s central bank, the Monetary Authority of Singapore (MAS) lifted its caps on Singapore-based banking and financial companies’ dividend restrictions imposed last year after the pandemic’s impact. Around the same time last year, the MAS had asked local banks...

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