Money Digest

M&S posts slump in net profit

Marks and Spencer posted a 71-percent slump in annual net profits on Wednesday, hit by vast restructuring costs and sliding clothing sales, the British retail giant said on Wednesday.

AFP, May 25 2017

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Bank injects $5.8b into China’s market

China’s central bank on Wednesday pumped more money into the market to ease liquidity ahead of the Dragon Boat Festival holiday on May 30.

Xinhua, May 25 2017

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Pertamin posts 25pc profit drop

An executive of Indonesia’s state-owned oil and gas firm of Pertamina said on Wednesday that the firm recorded a 25-percent net profit drop to $760 million in the first quarter this year from $1.01 billion recorded in the corresponding period last year.

Xinhua, May 25 2017

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Drugmaker Lupin sees profit slip

Indian drugmaker Lupin Ltd reported its quarterly net profit nearly halved from a year ago, falling far short of analysts’ expectations, as sales at its top market the United States slumped while the company’s costs jumped.

Reuters, May 25 2017

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NZ posts largest trade surplus

More dairy, wood, and wine exports in April led to a goods trade surplus of NZ$578 million ($405.76 million), the largest monthly trade surplus of New Zealand since March 2015, Stats NZ said in a release on Wednesday.

Xinhua, May 25 2017

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Thailand attracts 12m visitors

Thailand has attracted 12 million visitors in the first four months of 2017, an increase of 4.71 percent year-on-year, the Ministry of Tourism and Sports said on Wednesday.

Xinhua, May 25 2017

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