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SingTel reports a 3 per cent fall in first quarter net profit to 916 million Singapore dollars (SGD), impacted by the smaller contribution from Indian associate Bharti airtel and reduced tax holiday benefits in that country.

The Dow Jones industrial average surged more than 429 points, its tenth-highest point gain in history and the biggest since March 2009.
The US stock markets closed on a flat note on Friday, after it witnessed wild swings, trading in a range of 400 points during the day.