US stocks rally on surprisingly good services sector data

NEW YORK (AFP) – Wall Street stocks finished solidly higher on Wednesday (Aug 3), bouncing after two down sessions following better-than-expected services industry data and mostly good earnings. A report from the Institute for Supply Management showed surprising strength in the massive US services sector, thanks to a jump in business activity and new orders […]

SIA Engineering posts 11.7% fall in Q1 profit

SINGAPORE (THE BUSINESS TIMES) – Mainboard-listed SIA Engineering reported an 11.7 per cent year-on-year fall in first-quarter net profit to $12.8 million. Excluding the benefit of government wage support, profit for the three months to end-June would have fallen to $4.2 million. In a business update on Monday (July 25), the aircraft maintenance company reported […]