Yahoo Finance 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.
China has built up a $170bn (£135bn) stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan.
The Federal Reserve’s policy committee will confer on Tuesday and Wednesday, with officials likely to confirm a cautious and gradual approach to changing interest rates in 2024. The Fed’s balance sheet plans may get more attention. The Federal Open Market Committee will conclude the two-day meeting on Wednesday.
It looks like Sheng Siong Group Ltd ( SGX:OV8 ) is about to go ex-dividend in the next 3 days. The ex-dividend date...
The fintech saw strong growth from its Hong Kong ePension project while its digital bank division attracted higher deposits. The post iFAST’s Dividend Climbs 30% as its Latest Quarter Net Profit Leaps 387%: 5 Things Investors Need to Know appeared first on The Smart Investor.
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.
Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.Net profit in the January-March period amounted to $2.7 billion, up 564 percent from the first quarter of last year, according to a results filing by Huawei's holding company on an official website and confirmed by a representative of the firm.
Singapore Telecommunications on Monday forecast non-cash impairment provisions of S$3.1 billion ($2.28 billion) for second-half of 2024 which would lead to the telecom giant reporting a net loss for the period. The company also warned that it would report a lower net profit for the full-year ended March 31, 2024. About S$2 billion of the total impairment provision originates from its mobile network operation unit, Optus' goodwill, Singtel, Southeast Asia's largest telecom operator, said in its filing.
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 […]
Here are four Singapore stocks you can keep a lookout for in May. The post 4 Singapore Stocks to Watch for in May appeared first on The Smart Investor.
HONG KONG (Reuters) -Shares of Chinese property developers rallied on Monday on speculation more stimulus measures are likely to be unveiled this week aimed at clearing inventory, boosting sales and lifting home purchase restrictions. Hong Kong's Hang Seng Mainland Properties Index jumped 4.3% in the morning session, while mainland China's CSI 300 Real Estate Index surged 6.9%, both to near four-month highs. Private property developers including Sunac China, and defaulted Shimao Group, KWG Group, Zhenro Properties, Fantasia and Kaisa Group, all gained more than 20%.
With its stock down 11% over the past three months, it is easy to disregard CapitaLand Investment (SGX:9CI). It is...
Major Chinese electric carmaker BYD reported lower-than-expected revenue for the first quarter of 2024 on Monday, as an aggressive domestic price war and Western regulatory pressure weighed on the company's growth.Its profit in the first quarter was 4.57 billion yuan, up 10.62 percent from a year ago, BYD said on Monday.
In this article, we will take a detailed look at the latest stocks Jim Cramer is recommending. If you want to skip our detailed analysis and see the top 5 stocks in this list, click Jim Cramer is Recommending These 5 Stocks Heading Into May 2024. Jim Cramer is concluding April by talking about some specific […]
The Zacks Mining - Gold industry's near-term prospects are bright, as gold prices are expected to gain. One can watch stocks like AEM, GFI, AU and HMY, backed by their growth prospects.
Investors marked time ahead of the Fed's rate decision, with earnings from Amazon on deck to test prospects for a Big Tech-fueled bump.
Chairman Reinold Geiger's investment holding company, L'Occitane Groupe SA, is considering an offer for the Hong-Kong listed firm's shares he does not already own, at HK$33 to HK$34 per share, the report said, citing people familiar with the matter. Earlier in the month, Reuters reported that Geiger was in advanced discussions with investors and lenders and was planning to make an attempt to buy out the company, months after he had shelved a previous attempt, according to two sources. A possible offer could value L'Occitane at about 6.5 billion euros ($6.95 billion), Bloomberg reported, adding that Blackstone Inc's tactical opportunities fund and Goldman Sachs Asset Management may provide around 1.6 billion euros in funding.
The bank has begun the process to find his successor and hopes to make an appointment in the second half of the year.
India's Chennai Petroleum Corp Ltd will build a 180,000 barrels per day (bpd) refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kumar Agrawala said on Monday. India, the world's third biggest oil consumer and producer, is expanding its refining capacity as it is expected to be the largest driver of global oil demand growth between 2023 and 2030, according to the International Energy Agency. Chennai Petroleum initially planned to complete the refinery by the end of 2025.
STORY: China's BYD posted its weakest quarterly profit growth since 2022 on Monday (April 29).Revenue growth also slowed to its lowest level in almost four years.The electric vehicle maker was hit by slowing demand and a price war in the world's largest auto market.First-quarter net profit was up around a tenth at just over $631 million, while revenue grew 4% to $17.25 billion.The quarterly results suggest BYD still pulled ahead of U.S. rival Tesla.Elon Musk's company recently reported its first quarterly revenue fall since 2020.BYD has ramped up efforts to move upmarket while doubling down on discounts.It aims to find cautious consumers amid a sputtering economic recovery.The push to sell to higher-end segments came alongside an intensified price war in China.It has led BYD to slash prices since February on the latest versions of its lineup by 5% to 20%.The auto giant is targeting an annual sales jump of a fifth this year.But, outside of big-hitters like Tesla, BYD is also under pressure from local EV upstarts betting big on an all-electric future.
Big tech companies are all about AI this earnings season. Meta Platforms (META) and Microsoft (MSFT) have spent a lot of money on ramping up their AI offerings, but only one has a stock you may want to consider for your portfolio, according to Visible Alpha Head of TMT Research Melissa Otto. In the latest Good Buy or Goodbye, Otto explains that Microsoft benefits from both a strong demand and a strong outlook for its Azure business. She also likes that it has a lot of potential growth from AI. Otto is less of a fan of Meta. She argues that its higher expense guidance "suggests that the 'year of efficiency' is potentially over." So why is Mircosoft's spending on AI good, while Meta's spending is a concern? Otto says there are two reasons: Meta's expenses have ramped up more than expected and that there is a lack of visibility surrounding those expenses. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.