Rates
Samudera Shipping H2 profit down 77% to US$34.6 million on lower freight rates
SAMUDERA Shipping posted a 77 per cent drop in net profit to US$34.6 million for its second half year ended Dec 31, 2023, from US$150.3 million in the previous...
Shipping insurance rates soar on Red Sea missile attacks
ATTACKS by Yemen’s Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade...
South Korea holds rates steady, investors eye timing of pivot
SOUTH Korea‘s central bank left interest rates at a 15-year high on Thursday amid signs that the weaker economy is slowing inflation, with investors zeroing in on Governor Rhee Chang...
Asia: Stocks struggle even as China slashes rates
ASIAN shares were pinned below 1-1/2 month highs on Tuesday as even a larger-than-expected interest rate cut in China failed to excite investors jaded at the lack of bigger...
BHP reports flat first-half profit; warns of inflation, high interest rates impact
BHP Group said on Tuesday its first-half underlying profit was largely unchanged from a year ago, citing strong revenue generation, but warned of higher costs from the lagged effect...
RBA will cut rates deeper than markets expect
MONETARY policy in Australia is gaining more traction than in the US even though the Reserve Bank raised interest rates by less than the Federal Reserve, suggesting the easing...
Swiss Re’s full-year profit soars on higher interest rates
SWISS Re’s net income rose to US$3.2 billion in 2023, driven by higher underwriting margins and interest rates. The profit was in line with estimates and resulted in a...
Indebted small to mid-cap listcos face bigger dilemma in higher rates environment than larger counterparts
SINGAPORE-listed companies with high gearing levels and debt are feeling the strain of a higher-for-longer interest rate environment, but the pain – including margin pressures – could be deeper...
