Posts by Mark Darwin
Apple’s China smartphone shipments slide 9% in first quarter
The government subsidies for smartphones and some other consumer electronics refund consumers 15 per cent of products with a sticker price under 6,000 Published Fri, Apr 18, 2025 · 12:43 PM [BEIJING] Apple’s shipments of smartphones in China slumped 9 per cent in the first quarter from a year earlier and it was the only…
Read MoreAsia: Markets mixed as traders track tariff talks
[HONG KONG] Asian markets were mixed in holiday-thinned trade on Friday (Apr 18) as investors keep tabs on countries’ tariff talks with the White House, while Donald Trump’s remarks that he was reluctant to hike levies on Beijing even more provided a little support. Governments around the world are lining up to visit the US…
Read MoreAdani to sell Australian terminal to his port firm in stock deal
More than 30 million tonnes of thermal and metallurgical coal are exported annually through the termina Published Fri, Apr 18, 2025 · 10:48 AM [MUMBAI] Billionaire Gautam Adani will transfer ownership of an Australian terminal to his listed company at an enterprise value of about US$2.5 billion as India’s largest port operator seeks to expand…
Read MoreTrump signals tit-for-tat China tariffs may be near end; TikTok deal on ice
[WASHINGTON] US President Donald Trump on Thursday (Apr 17) signalled a potential end to the tit-for-tat tariff hikes between the US and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait. “I don’t want them to go higher because at a certain point you…
Read MoreIntel CEO Lip-Bu Tan streamlines leadership team, names new technology chief: memo
The company has also promoted networking chip chief Sachin Katti to be chief technology officer and artificial intelligence chief, according to the memo Published Fri, Apr 18, 2025 · 08:48 AM [SAN FRANCISCO] Intel’s new CEO, Lip-Bu Tan, is streamlining the semiconductor giant’s leadership team, with important chip groups reporting directly to him, according to…
Read MoreTrump moves to levy Chinese vessels in shipping shakeup
The proposal follows a months-long investigation ordered by Trump administration into whether Chinese shipbuilding threatens US national security Published Fri, Apr 18, 2025 · 07:30 AM [NEW YORK] The Trump administration took steps to impose levies on Chinese vessels docking at US ports, threatening to shake up global shipping routes and escalate the trade war…
Read MoreUS Fed proposes averaging large bank stress test results to reduce volatility
[WASHINGTON] The US Federal Reserve kicked off a sweeping effort to overhaul its annual stress tests of large banks on Thursday (Apr 17), proposing to average results over two years in setting capital requirements. The central bank also proposed giving banks three more months to adjust to the capital requirements set by the exam, as…
Read MoreMaximize Business Savings: How to Get the Best Interest Rates on Deposits
As a business owner, you’re always looking for ways to grow your revenue, but what about optimizing the money you’ve already earned? While cutting costs and increasing sales are crucial, another smart strategy is making your idle cash work for you. One of the best ways to do this is by maximizing interest rates on…
Read MoreUS dollar benefits from selling exhaustion, ECB cuts rates
[NEW YORK] THE US dollar rallied on Thursday (Apr 17) after its recent weakness across peer currencies appeared exhausted for the time being, while the euro weakened slightly after the European Central Bank cut rates for the seventh time in a year. The greenback has largely stabilised this week and held within a tight range…
Read MoreAmEx profit rises on resilient card spending
Provisions for credit losses were US$1.2 billion in the quarter, compared with US$1.3 billion a year earlier Published Thu, Apr 17, 2025 · 09:11 PM [NEW YORK] American Express reported a 6 per cent rise in first-quarter profit on Thursday (Apr 16), as its premium customers shrugged off fears of a slowdown to continue spending.…
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