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Sea freight rates could ride crest of looming US port strike to reverse slide
A strike in the US East and Gulf-Coast ports could hit more than half of US imports and 15 per cent of the global container fleet capacity, HSBC saysOCEAN...
GameStop swings to unexpected profit even as sales slide
GAMESTOP reported a fourth consecutive quarter of falling sales, though the video-game retailer reported an unexpected profit.Revenue fell 31 per cent from a year earlier to US$798 million for...
Goldman Sachs CEO says trading revenue is heading for a 10% slide in Q3
GOLDMAN Sachs’ trading revenue will probably slip 10 per cent in the third quarter because of sluggish conditions last month, CEO David Solomon said on Monday.Given “a more challenging...
Jack Ma-backed Ant sees profit slide 10% after shakeup
Ant Group’s profit dropped 10 per cent in the March quarter, following a structural shakeup and ramped up efforts to grow overseas. The Hangzhou-based fintech company contributed 3.9 billion...
Raffles Medical H1 earnings slide 48.8% to S$30.6 million; chairman says insurance must not become ‘arms war’ between companies
If insurance companies continue trying to outdo each other, the risk pool could become untenable, says the group’s executive chair Loo Choon YongMAINBOARD-LISTED Raffles Medical Group on Monday (Jul...
Raffles Medical H1 earnings slide 48.8% to S$30.6 million as Covid-19 activities, government grants cease
MAINBOARD-LISTED Raffles Medical Group on Monday (Jul 29) reported a net profit of S$30.6 million for the first half ended Jun 30, declining 48.8 per cent from S$59.9 million...
Bitcoin, Ether slide as risk aversion spreads to crypto market
ETHER, the second-largest token, paced a drop in digital assets following a slump in equities that spread unease in global markets.Ether slid about 6 per cent, the most in...
Europe: Stocks slide as French election, rate nerves persist
EUROPEAN stocks fell to two-week lows on Tuesday as the relief rally in French shares following the first round of parliamentary elections faded, while data pointed to elevated services...
