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08:33
The onshore RMB closed at 6.9016 against the US dollar.Onshore RMB closed at 6.9016 against the US dollar at 16:30 (UTC+8) on February 12, up 99 points from the previous trading day.
08:33
Bank of England Deputy Governor Broadbent expects possible interest rate cuts in the futureBank of England Deputy Governor Broadbent stated that if the economy develops as expected, it would be reasonable to cut interest rates "in the next few meetings."
08:31
Grab achieved its first full-year profit of $268 million last year and plans to repurchase $500 million in shares.Glonghui, February 12｜Southeast Asian ride-hailing platform Grab announced that its 2025 revenue will reach $3.37 billions, a year-on-year increase of 20.5%; it achieved annual profitability for the first time with $268 millions in profit, and adjusted EBITDA reached $500 millions, up nearly 60% year-on-year. Looking at the fourth quarter alone, revenue was $906 millions, a year-on-year increase of 18.6%; profit was $171 millions, a year-on-year increase of 5.33 times, setting a new record. Monthly active users reached 50.5 millions, up 15% year-on-year. The company announced it will use $500 millions to repurchase shares.
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