Kering could pursue 'incremental M&A', says CFO

Bloomberg
China’s AI startups head to Singapore in a bid for global growth
When Wu Cunsong and Chen Binghui founded their artificial intelligence startup two years ago in Hangzhou, China, they quickly ran into obstacles, including dearth of venture capital.
South China Morning Post
Huawei and Wuhan Xinxin to develop high-bandwidth memory chips amid US restrictions
Huawei Technologies has teamed up with Chinese foundry Wuhan Xinxin Semiconductor Manufacturing Co to develop high-bandwidth memory (HBM) chips, according to sources, as these devices have become an indispensable component in the computing infrastructure used for artificial intelligence (AI) projects. This initiative also involves mainland integrated circuit (IC) packaging firms Jiangsu Changjiang Electronics Tech and Tongfu Microelectronics, which are tasked to provide the so-called Chip on Waf
The Edge Singapore
Second round of layoffs at Ninja Van in less than three months; 5% of Singapore staff affected
Ninja Van CEO Chang Wen Lai will deliver a virtual address at 11am on July 2, according to an anonymous source.
Bloomberg
Farm robots help plug worker shortage in Malaysian palm oil
Malaysia's top palm growers hope automation will take over the sector’s most difficult and dirty jobs, plugging chronic worker shortages that have disrupted global supplies.
The Edge Singapore
EY Singapore announces plans to invest $100 mil in talent development programmes over five years
This investment includes an increase in early career compensation, the launch of EY SCALE and enhanced learning opportunities.
Insider Monkey
The Country that Imports the Most Natural Gas in the World
In this article, we will take a look at the Country That Imports the Most Natural Gas in the World. We have also compiled a full free list of the 20 Countries that Import the Most Natural Gas in the World. Natural Gas: A Key Player in the Global Energy Market Natural gas, a fossil […]
GOBankingRates
I’m a Financial Expert: 5 Signs You’re Financially Ready for Retirement in 2024
For many people, retirement may seem like a far-off accomplishment, a glorious place that looms over a distant horizon. However, you might be in a position to close the gap and round the curve into...
Yahoo Finance
Oil to rise to $90 a barrel this year as tensions in Middle East escalate, says analyst
Rising tensions in the Middle East are adding a premium to oil prices as traders weigh the potential of an interruption to Iran's oil supply.
Investing.com
Oil prices steady amid summer demand hopes, supply risks
Investing.com-- Oil prices steadied in Asian trade on Tuesday after running up sharply in recent sessions as traders bet on increased demand during the Independence Day holiday and potential supply risks from geopolitics and weather-related disruptions.
Reuters
Robust demand boosts India factory growth in June, PMI shows
Activity in India's manufacturing sector rebounded last month as output increased on robust demand, leading to the fastest rate of hiring in over 19 years, despite inflationary pressures remaining elevated, a survey showed. The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 58.3 in June, marginally below a preliminary 58.5 estimate, from a three-month low of 57.5 in May. "The Indian manufacturing sector ended the June quarter on stronger footing," said Maitreyi Das, global economist at HSBC.
Reuters
Anglo American shares slide on jitters over Australian coal mine fire
LONDON (Reuters) -Shares in Anglo American slid as much as 4% on Monday, with investors worried over what impact an ongoing underground blaze at a coal mine in Australia could have on the miner's plan to sell its coal portfolio, part of a broader bid to add value. Anglo has been battling a fire ignited at its Grosvenor steelmaking coal mine in Australia's Queensland state on Saturday. "The underground combustion event is ongoing; however, the QMRS (Queensland Mines Rescue Service) mobile extinguisher unit is now fully operational, and smoke has visibly reduced," it said in a statement on Monday.
Investing.com
Bitcoin mining stocks rally in June amid AI frenzy - JPMorgan
Bitcoin mining stocks outperformed the underlying cryptocurrency in June, driven by excitement around AI data centers, the value of power access, and a decline in network hashrate. According to a note from JPMorgan, dated Monday, these factors contributed to a 19% sequential increase in the aggregate market cap of 14 U.S.-listed bitcoin miners, which reached $22 billion. Despite an overall decline, the average Bitcoin price in June hovered around $66,000, up merely 1% from May. However, it exited the month lower at a $61,200 seven-day rolling average, an 11% decrease from the previous month's figure.
Reuters
Red Sea disruptions to continue into Q3, Maersk CEO says
The coming months will be challenging for carriers and businesses, as disruptions to container shipping via the Red Sea continue into the third quarter, Danish shipping company Maersk said on Monday. Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher. "The longer that this lasts, the more our costs will get deeply ingrained," Maersk said in a statement, citing comments made by CEO Vincent Clerc at "a recent online event with customers".
GOBankingRates
6 Money Mistakes Retirees Make That Force Them To Change Their Lifestyles
If you've spent years saving for retirement, you probably have no plans to go through all your savings. But unfortunately, if you're not careful, it can happen. Find Out: Retirement Planning: How...
Simply Wall St.
Top Dividend Stocks To Watch In July 2024
The Indian stock market has shown robust performance, with a significant 44% increase over the past year and a recent rise of 1.1% in just the last week. In this context of strong market growth and promising earnings forecasts, dividend stocks emerge as particularly attractive for their potential to provide investors with steady income alongside capital appreciation.
INSIDER
The 15 biggest chain restaurants in the US, ranked
Olive Garden, Applebee's, and Texas Roadhouse ranked among the top chain restaurants in the US.
South China Morning Post
Business travel firm FCM bets on AI to boost efficiency as Chinese work trips rebound
FCM Travel Greater China, a business-travel management company, plans to invest in its artificial intelligence capabilities and give its staff the skills they need to get the most out of the technology as China's outbound travel market enjoys a resurgence. The drive to adopt and integrate AI into its operations began recently with the opening of the company's new "AI centre of excellence" in the southern Chinese city of Guangzhou. The city was the ideal destination thanks to its large pool of ta
Reuters Videos
Spirit Aero to be broken up in $4.7 bln Boeing deal
STORY: Boeing said Monday it will buy its supplier Spirit Aerosystems for $4.7 billion.The U.S. planemaker moved after a crisis caused by a mid-air blowout on a 737 MAX jet led to questions over quality.Boeing rival Airbus has also agreed to take on the supplier's loss-making Europe-focused activities, in return for hundreds of millions of dollars of compensation.Boeing spun off Spirit in 2005, and has long considered a buyback.The decision to go ahead now comes as the aerospace giant tries to resolve a crisis at one of the industry's key suppliers.January's blowout incident involved a door plug made by Spirit, and contributed to a major slowdown in output at Boeing.The planemaker announced the planned departure of CEO Dave Calhoun in the wake of the crisis.Now the deal is due to close around midway through next year, and is seen as an effort to address its safety problems and shore up its production line.Airbus is also a Spirit customer, and didn't want arch-rival Boeing building parts for its latest jets. It has now confirmed it will take over core activities at four of the supplier's plants to avoid that.Sources said the move was loosely coordinated between the three companies. Airbus said it would receive $559 million in compensation from Spirit, depending on the final outlines of the deal.
GOBankingRates
Mark Cuban’s Best Advice on How To Become Rich
Mark Cuban, entrepreneur, venture capitalist and "Shark Tank" shark, knows a little something about being rich. According to Forbes, Cuban has a net worth of $5.4 billion. He also has advice for...
Reuters
Exclusive-Nvidia set to face French antitrust charges, sources say
BRUSSELS (Reuters) -Nvidia is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of the matter said, making it the first enforcer to act against the computer chip maker. The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year, which sources said targeted Nvidia. The French authority, which publishes some but not all its statements of objections to companies, and Nvidia declined comment.

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Kering could pursue 'incremental M&A', says CFO

Latest stories

China’s AI startups head to Singapore in a bid for global growth

Huawei and Wuhan Xinxin to develop high-bandwidth memory chips amid US restrictions

Second round of layoffs at Ninja Van in less than three months; 5% of Singapore staff affected

Farm robots help plug worker shortage in Malaysian palm oil

EY Singapore announces plans to invest $100 mil in talent development programmes over five years

The Country that Imports the Most Natural Gas in the World

I’m a Financial Expert: 5 Signs You’re Financially Ready for Retirement in 2024

Oil to rise to $90 a barrel this year as tensions in Middle East escalate, says analyst

Oil prices steady amid summer demand hopes, supply risks

Robust demand boosts India factory growth in June, PMI shows

Anglo American shares slide on jitters over Australian coal mine fire

Bitcoin mining stocks rally in June amid AI frenzy - JPMorgan

Red Sea disruptions to continue into Q3, Maersk CEO says

6 Money Mistakes Retirees Make That Force Them To Change Their Lifestyles

Top Dividend Stocks To Watch In July 2024

The 15 biggest chain restaurants in the US, ranked

Business travel firm FCM bets on AI to boost efficiency as Chinese work trips rebound

Spirit Aero to be broken up in $4.7 bln Boeing deal

Mark Cuban’s Best Advice on How To Become Rich

Exclusive-Nvidia set to face French antitrust charges, sources say