Singapore Exchange posts higher earnings

By Reuters

Aug 09, 2024 12:03 am

SINGAPORE Exchange posted a rise in annual profit on Thursday and raised its dividend, buoyed by higher revenue from its currencies and commodities businesses amid growing transactions in foreign exchange futures.

Higher currency and commodity derivatives volumes helped counter a decline in market turnover in the equity unit, as uncertainty in the global interest rate outlook and a slowing Chinese economy weighed on market sentiment.

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