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Cash flow surged and debt fell, but management flagged softer margins ahead.
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Boateng wants the authorities to examine Chinese-owned malls he says hold about 60 per cent of retail, and a pause before bank repayments begin.
UOB’s Lee Sue Ann notes that the Bank of England has resumed tightening, lifting the Bank Rate to 4.00% and signalling a hawkish shift as inflation risks re-emerge.
U.S. Treasury yields were little changed on Friday with the initial rally following the midterm elections fading ahead of October payrolls data later in the day.
Strategic review and Outdoor growth define a mixed third quarter.
Management flagged tougher comparisons ahead after a strong quarter for Cloud and AI adoption.
Merck patent setbacks in the U.S. cloud an otherwise strong quarter for royalties.
