Flat yield curve? Not to worry, Fed policymakers say
As the gap between short- and long-term borrowing costs hovers near its lowest in 10 years, some investors worry the so-called yield curve is flashing red: that a recession, always preceded by such a flattening, could be around the corner.
KUALA LUMPUR (May 24): Genting Bhd's net profit fell 9.8% to RM602.7 million in the first quarter ended March 31, 2018 (1QFY18) from RM668.42 million a year ago, as 1QFY17 had included a gain of RM302.2 million recognised from the completion of the disposal of Genting Singapore PLC's (GENS) 50% stake in its associate Landing Jeju Development Co Ltd, as well as a gain of RM85.8 million on disposal of available-for-sale financial assets.
This resulted in lower earnings per share of 15.74 sen in 1QFY18 compared with 17.95 sen in 1QFY17, according to Genting's Bursa Malaysia filing.
Singapore global shopping platform ezbuy.sg announced today that they have raised a total of US$17.6 million in Pre-Series C funding.
The post S’pore Shopping Platform Ezbuy Raises US$17.6M In Pre-Series C Funding, Eyes International Expansion appeared first on Vulcan Post.