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Top News In முடிவுகள் அடிப்படையிலானது செயல்திறன் மேலாண்மை அமைப்பு Today - Breaking & Trending Today

Singapore Airlines posts $3.2 bln annual loss, to issue convertible bonds

By Reuters Staff
1 Min Read
May 19 (Reuters) - Singapore Airlines Ltd on Wednesday posted its second-consecutive annual loss, widening to a record S$4.27 billion ($3.20 billion) and said it would issue S$6.2 billion of convertible bonds to help weather the coronavirus crisis.
The loss for the 12 months ended March 31 was worse than the average S$3.27 billion forecast from eight analysts, according to Refinitiv data.
It was also far bigger than the S$212 million annual loss the financial prior year, its first ever dip into the red, when only one quarter was affected by the pandemic. Annual revenue fell 76.1% to S$3.82 billion in the financial year ended March 31. ($1 = 1.3323 Singapore dollars) (Reporting by Jamie Freed in Sydney, editing by Louise Heavens) ....

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Taiwan Cement income grows in first quarter due to business in Taiwan and Europe

Taiwan Cement income grows in first quarter due to business in Taiwan and Europe
Written by Global Cement staff
19 May 2021
Taiwan: Taiwan Cement’s revenue rose by 11.3% year-on-year to US$788m in the first quarter of 2021. Its income increased by 11% to US$119m. It attributed this to profit growth in its cement businesses in Taiwan and Europe despite ‘weak’ sales prices in China.
Chairman Nelson Chang said, “To reduce carbon emissions, using alternative fuel and material for cement production, adopting renewable energy, and expanding energy storage usage are crucial and Taiwan Cement aims to play our role in helping society achieving the goal of a low carbon environment.” In 2020 the group processed over 9Mt of alternative fuels in its Greater China business. ....

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Target forecasts rising sales after bumper quarter as more Americans return to stores

Target Corp on Wednesday posted quarterly sales that surged about 23%, raising hopes of booming demand through the year as consumers flock to stores and shop for more than just essentials. ....

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Indian Oil's March-quarter profit beats estimates on inventory gains

Indian Oil Corp has reduced crude processing to average at 84% of overall capacity from 96% in April as a devastating second wave of COVID-19 dented fuel demand, the chairman of the country's biggest refiner said on Wednesday. ....

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Welcome To IANS Live - INTERNATIONAL - Prior dengue infection can double Covid-19 risk: Study

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IANSLive
Sao Paulo, May 19 (IANS) People who have had dengue in the past are twice as likely to develop symptoms of Covid-19 if they are infected by coronavirus, finds a new study.
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Update: 19-May-2021 ....

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