Posts by Mark Darwin
Maersk eyes 4% market growth in 2025, uncertainty over tariffs and Red Sea
MAERSK on Thursday (Feb 6) said it expects to grow its business to track an expected 4 per cent growth in global container shipping this year, even as profits are set to decline and US President Donald Trump’s tariff threats create uncertainty. Geopolitical developments including Trump’s threats to impose tariffs on the top US trading…
Read MoreSocGen doubles Q4 profit as retail unit rebounds
SOCIETE Generale (SocGen) said on Thursday (Feb 6) it had doubled fourth-quarter profits after a recovery in its retail bank and increased equity market trading, helping the French lender promise shareholder payouts at the top end of expectations. Chief executive Slawomir Krupa has struggled to convince investors of his turnaround plan and lift SocGen’s long-struggling…
Read MoreHSBC upgrades Grab to ‘buy’ on attractive valuations, growth drivers ahead
HSBC upgraded its rating on ride-hailing giant Grab to a “buy” on attractive valuations and “intact” growth drivers, while Maybank maintained its buy rating. On Tuesday (Feb 4), its analysts said that the decision to upgrade Grab from a “hold” rating comes as the price correction in the stock has made its valuation “attractive”. Grab…
Read MoreNomura soars to 16-year high as profit jump cements recovery
NOMURA Holdings’s shares jumped to their highest in 16 years after Japan’s biggest brokerage doubled third-quarter profit and beat market estimates on robust trading and cost cuts. The stock climbed as much as 7.7 per cent to 1,077 yen in Tokyo on Thursday (Feb 6) morning, the highest level since October 2008. Net income doubled…
Read MoreMichael Saylor’s Strategy has another loss before accounting shift kicks in
MICHAEL Saylor’s Strategy, the new name announced earlier today for MicroStrategy, had a fourth consecutive quarterly loss as the company registered a US$1 billion impairment charge against its Bitcoin holdings. The Tysons Corner, Virginia-based enterprise software company turned leveraged Bitcoin proxy had a net loss of US$670.8 million, or US$3.03 a share. Revenue from the…
Read MoreBest Jobs for Empaths: Where Feelings Meet Finance
Ever feel like you soak up the emotions around you like a sponge? You might be an empath. For folks who feel the world deeply, finding a job that doesn’t drain you is key. So, what’s out there for you? Let’s explore some careers that match your vibe. Whether you’re into helping people or expressing…
Read MoreDivorce Goes Digital: New Ways to Split Without Drama
In today’s tech-driven world, even divorce is getting a digital makeover. Gone are the days of lengthy court battles and endless paperwork. Now, online divorce offers a simpler, less stressful way to part ways. With just a few clicks, you can start the process from the comfort of your own home. But how does it…
Read MoreAmazon’s cloud business faces crucial test after rivals Microsoft, Google stumble
THE pressure is on Amazon.com to deliver on lofty expectations for cloud computing in its fourth-quarter results on Thursday (Feb 6), after Microsoft and Google’s lacklustre reports jolted investor faith in Big Tech’s billion-dollar investments in artificial intelligence (AI). Shares of major tech companies surged in the past two years on the belief that massive…
Read MoreStocks to watch: SGX, CLCT, CapitaLand China Trust, Frasers Hospitality Trust
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 6): Singapore Exchange: The local bourse’s net profit for the first half ended December rose 20.7 per cent to S$340 million, from S$281.6 million in the previous corresponding period. The increase in bottom line was partly driven by the…
Read MoreShein vendors fear thin margins will vanish under new US Postal Service rules
THE US Postal Service’s flip-flop on inbound international packages from China and Hong Kong is throwing Chinese retailers that sell on Shein and PDD Holdings’ Temu platform into disarray. Just hours after the mail service announced it was suspending some shipments, it reversed that decision, saying it was working with Customs and Border Protection to…
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