Leadership
Shipping giant CMA CGM reports solid volumes, sees rates peaking
CMA CGM, the world’s third-largest container carrier, reported a second-quarter jump in cargo volumes and signalled freight rates have probably peaked for now despite bottlenecks at Mediterranean ports.The French...
GM’s cruise targets resumption of driverless rides this year
CRUISE, the self-driving vehicle unit majority owned by General Motors (GM), is targeting a return to running fully autonomous rides later this year and possibly charging fares by early...
Hermes sales jump as Birkin bag maker outperforms peers
HERMES sales jumped in the second quarter as the Birkin bag maker weathered the luxury demand slowdown better than peers, thanks to its reliance on the wealthiest clients.Revenue at...
First Sponsor’s H1 net profit climbs 12.4% to S$11.9 million
FIRST Sponsor Group on Thursday evening (Jul 25) reported a net profit of S$11.9 million for the half year ended Jun 30, up 12.4 per cent from S$10.6 million...
iFAST Q2 earnings surge 346% on ePension contribution
DIGITAL bank and wealth management platform iFAST Corporation reported a 346.1 per cent rise in Q2 2024 earnings to S$16 million, from S$3.6 million in Q2 2023.In a bourse...
Apple’s China market share shrinks as Huawei surges, data shows
APPLE’S market share in China shrank by two percentage points in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to...
American Airlines cuts annual profit forecast on pricing pressures
AMERICAN Airlines cut its annual profit forecast on Thursday (Jul 25) as uneven demand trends and overcapacity in certain markets dampened the carrier’s pricing power, sending its shares down...
Singapore stocks track regional declines on Thursday; STI down 0.9%
Across the broader market, losers outnumber gainers 372 to 220, as 1.1 billion securities worth S$1.2 billion change handsSINGAPORE shares ended lower on Thursday (Jul 25), tracking losses in...
