Apple’s Tim Cook Is in Indonesia. The Visit Is All About China.
Apple CEO Tim Cook says ‘the investment ability in Indonesia is endless’ during a visit to the country.
Apple CEO Tim Cook says ‘the investment ability in Indonesia is endless’ during a visit to the country.
The worker felt compelled to publish the memo because 'we all felt ripped off'.
In this article, we discuss what is an annuity for retirement and 15 dividend stocks to buy instead. You can skip our detailed analysis on the subject, and go directly to read What is an Annuity for Retirement? 5 Dividend Stocks to Buy Instead. For many Americans approaching retirement age, one of the most significant […]
The impairment provisions would lead to the telecom giant reporting a net loss for the second-half period and a lower net profit for the full-year ended March 31, 2024, according to Singtel. Shares of Singtel were down 2.5% during Monday midday at S$2.35 per share, underperforming the broader benchmark stock index's 0.2% decline. "Singtel highlighted that this won't impact its dividend which is based on 70% to 90% of the underlying net income while the non-cash impairment charges will be booked as one offs," Maybank Research analyst Hussaini Saifee wrote in a research note on Monday.
BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African subsidiaries. The world's No. 1 miner is weighing up its next move after its initial $39 billion takeover proposal for smaller rival Anglo was rejected last week. BHP has proposed that Anglo sell its shares in units Anglo Platinum (Amplats) and Kumba Iron Ore as an option to exit the South African assets it doesn't want included in the deal.
LONDON (Reuters) -Anglo American's chair will meet its top 30 shareholders to hear views on BHP's $39 billion bid for the miner, he told an annual general meeting on Tuesday, where he was restricted from discussing the spurned offer by takeover regulations. Some questions and comments from shareholders echoed broader concerns about the price and nature of BHP's bid. "To what extent can you survive if you reject the offer?" one shareholder asked.
It is doubtless a positive to see that the St Barbara Limited ( ASX:SBM ) share price has gained some 65% in the last...
(Bloomberg) -- HSBC Holdings Plc’s Chief Executive Officer Noel Quinn is stepping down, an unexpected move that comes as Europe’s largest lender tries to navigate the deterioration of ties between China and the US.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailUS Warns ICC Action on
(Bloomberg) -- Chinese automaker BYD Co.’s first-quarter revenue missed estimates as aggressive price cuts across most of its lineup ate into its financial performance.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesNet income
Asian FX traders will be on heightened Japanese intervention alert again on Tuesday after Tokyo reportedly stepped into the market on Monday, catapulting the yen up from a 34-year low of 160 per dollar and onto a roller-coaster ride of volatility. It was the dollar's breach of 160 yen that appears to have snapped the Ministry of Finance's patience. The yen's rebound was perhaps exaggerated because Japan was closed for a public holiday on Monday - the dollar fell as low as 154.50 yen - so market liquidity will return to more normal levels on Tuesday.
(Bloomberg) -- Reinold Geiger, the billionaire owner of L’Occitane International SA, wants to take the skin-care company private in a move that could end its 14-year run on the Hong Kong stock exchange. Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailUS Warns ICC Action on Israel Woul
(Bloomberg) -- Carlyle Group Inc. is working with JPMorgan Chase & Co. and Morgan Stanley on options for aircraft maintenance services provider StandardAero, according to people familiar with the matter.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailUS Warns ICC Action on Israel Woul
The Indian rupee was little changed on Tuesday, tracking subdued moves in its Asian peers, with traders expecting the local currency to trade with a slight depreciation bias heading into the U.S. Federal Reserve's policy decision. The dollar index was up 0.1% at 105.8, while most Asian currencies were rangebound. The Fed will deliver its policy decision on Wednesday and while it is widely expected to keep rates unchanged, investors will pay attention to remarks from Chair Jerome Powell for cues on policymakers' thinking about the future path of policy rates.
The telecoms entrepreneur behind Daisy Group is closing in on a merger involving a company majority-owned by the Australian financial behemoth Macquarie. Sky News has learnt that Matthew Riley is on the brink of a deal to combine Daisy's Corporate Service Business with Wavenet, which has been backed by Macquarie Capital Principal Finance since 2021. It will involve the Daisy arm being demerged from the group and absorbed into Wavenet.
Amazon (AMZN) will report its first quarter earnings alongside other tech giants like Apple (AAPL) this week. Creative Strategies CEO and Principal Analyst Ben Bajarin joins Market Domination to discuss Amazon's upcoming earnings and why investors should pay attention to how Amazon Web Services performs. On what to expect with AWS, Bajarin states: "Everybody is going to be looking at cloud growth for AWS. Right now, it's super trendy to talk about CapEx, everyone wants to see what the hyperscalers are spending in terms of new infrastructure, buying AI servers, creating 'AI factories,' as Nvidia (NVDA) likes to call them. I think that's what's going to be a big spotlight, what Amazon's growth is doing in terms of AWS. I think it's probably predictable it will be healthy, somewhat double-digit. Where are they going, where are they guiding, and what CapEx are they investing?" For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
(Bloomberg) -- Hong Kong stocks gave up the bulk of their early advance on Monday, suggesting that caution may be returning to the market after the benchmark index marched to the brink of a bull market.Most Read from BloombergTesla Soars on Tentative Approval for Driving System in ChinaYen Sparks Intervention Suspicion After U-Turn From 1990 LowsStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ St
(Bloomberg) -- There is quiet yet mounting speculation in financial markets that China will need to take an extreme and highly controversial measure to support its moribund economy — devalue the yuan in a big-bang move. Most Read from BloombergMusk Leaves China With Tesla Driving Software Hurdles ClearedMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Rebounds Strongly After First Slide Past 160 Since 1990Yen
Chipmaker Onsemi beat Wall Street expectations for quarterly revenue and profit on Monday and reported a stable gross margin due to lowered costs, in the face of weakening electric vehicle sales. "The structural changes we have made to the business over the last three years have enabled us to sustain our gross margin despite challenging market conditions," said CEO Hassane El-Khoury. However, the company forecast second-quarter revenue and profit below analysts' estimates, fanning concerns of a delay in the recovery of automotive chip demand as a softening EV market and excess inventory at customers are expected to hit orders for Onsemi's chips.
It hasn't been the best quarter for Security National Financial Corporation ( NASDAQ:SNFC.A ) shareholders, since the...
Key Insights Ansell's significant individual investors ownership suggests that the key decisions are influenced by...
The company's shares will be delisted from Euronext Paris on May 28 and the SIX Swiss Exchange before the end of 2024, after which it will only trade on the New York Stock Exchange, its primary listing. Significantly low trading volumes, costs and administrative requirements related to the listing of the stock on European exchanges were some of reasons that were considered for the delisting, it said. Caterpillar on Thursday warned of a sales drop in the current quarter as volumes take a hit from dealers tightening equipment inventories, sparking worries that a months-long boom in machinery demand may be coming to an end.