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Sing Investments’ Q2 net profit down 22% due to allowances made for Covid-19

SING Investments & Finance on Monday posted a 22.2 per cent decline in net profit to S$3.9 million for its second quarter ended June 30.

Markets

Facebook delays second-quarter results as Zuckerberg set to appear before Congress

Facebook Inc said on Monday it has delayed the release of its second-quarter results by a day to July 30 to allow Chief Executive Officer Mark Zuckerberg to appear for a rescheduled Congressional hearing.

Markets

RV shipments surge as Americans opt to carry home with them to avoid airports, hotels

Call it the turtle solution to wanderlust in the age of COVID-19.

Markets

US core capital goods orders, shipments accelerate in June

New orders for key U.S.-made capital goods increased more than expected in June and shipments accelerated, but the gains were likely insufficient to avert the deepest plunge in business investment and economic activity since the Great Depression in the second quarter because of the COVID-19 ...

Markets

Walgreens CEO to step down

Walgreens Boots Alliance Inc said on Monday Chief Executive Officer Stefano Pessina has decided to step down and will assume the role of executive chairman in the company.

Markets

Under Armour executives receive Wells notice from SEC

Under Armour Inc disclosed on Monday that its top executives had received a Wells notice from the U.S. Securities and Exchange Commission related to an investigation about the sportswear maker's accounting practices.

Markets

AstraZeneca bets up to US$6 billion on new Daiichi cancer drug

AstraZeneca will pay up to US$6 billion to Japan's Daiichi Sankyo under the drugmakers' second multi-billion dollar oncology collaboration to develop and market a niche type of targeted cancer treatment.

Markets

Gold eyes US$2,000 mark in speedy record-breaking run

Gold's record rally is moving tantalisingly close to the psychologically key US$2,000 level, powered by investors seeking cover from COVID-19's global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China trade tensions.

Markets

Big restaurant chains could see sales rebound this week

McDonald's Corp , Starbucks Corp , Yum Brands Inc and other big restaurant chains could show improving sales, based on early results from rivals such as Chipotle Mexican Grill Inc that improved despite dining rooms shuttered for months.

Markets

BMW to offer fully electric 5-series in emissions push

BMW will offer a fully electric 5-series as part of sweeping product overhaul unveiled on Monday as the German carmaker seeks to lower vehicle emissions during production and on the road.

Markets

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