April 29 (Reuters) - Singapore Telecommunications said on Monday it expects to report a net loss for second-half of fiscal year 2024, as it flagged exceptional non-cash impairment provisions of S$3.1 billion ($2.28 billion) for the period. ($1 = 1.3616 Singapore dollars) (Reporting by Poonam Behura in Bengaluru; editing by Diane Craft)
FREDERICKSBURG, Virginia (Reuters) -The United States could see a significant response from China following any U.S. tariff actions, U.S. Treasury Secretary Janet Yellen said on Monday ahead of expected new tariffs targeting certain sectors this week. Yellen, speaking to reporters after a broadband event in rural Fredericksburg, Virginia, said she and other U.S. officials had made clear to China they could reconfigure tariffs first imposed under former President Donald Trump to be more strategic, but that any changes would be narrowly targeted. She declined to give any details of expected changes in U.S. tariffs on China, but said the Biden administration would ensure Chinese officials were informed ahead of any U.S. action.
For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt.
Popular Indian spice brand MDH, under scrutiny for alleged contamination in some products, has since 2021 seen an average 14.5% of its U.S. shipments rejected due to the presence of bacteria, a Reuters analysis of U.S. regulatory data found. Authorities in the United States, Australia and India are looking into the matter. Both brands are popular in India and are exported around the world.
Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero's Foodpanda for $950 million in cash. The deal is part of Uber Eats' strategy to expand in Asia, specifically by strengthening its position in Taiwan. On the other hand, it also underscores Delivery Hero's ongoing retreat from that same market: the sale is coming at the same that Delivery Hero has trying to sell off a package of its other operations across Southeast Asia.
HONG KONG (Reuters) -China's Tencent Holdings posted a 6% rise in first-quarter revenue on Tuesday, beating analyst expectations, as business services and advertising sales delivered strong revenue growth. China's biggest internet company and operator of the WeChat messaging platform said revenue reached 159.5 billion yuan ($22.04 billion) for the three months ended March 31. That marks the fifth straight quarter where Tencent has experienced quarterly revenue growth as it comes out of Beijing's regulatory crackdown in 2022.
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Kate Winick was reassured that "companies just want to hire the right people" after being laid off from her director role at Peleton last year while pregnant—she's still job hunting.
Thai Beverage, chaired by billionaire Charoen Sirivadhanabhakdi, posted a drop in first-half profit on Monday, hurt by the food division and lower contributions from associated companies. The Singapore-listed drinks maker has been looking to aggressively expand its food business in the recent past, and established two units to improve investment in the food sector. It also opened new food stores during the six months, helping push sales revenue from the segment but also increased its pre-operating expenses.
BEIJING (Reuters) -U.S. President Joe Biden is set to announce new China tariffs as soon as Tuesday, targeting sectors including electric vehicles, medical supplies and solar equipment, according to people familiar with the matter. The expected move by the Biden administration comes ahead of the November presidential election. Biden, a Democrat seeking re-election, has taken a tough-on-China approach that would maintain existing tariffs on many Chinese goods set by former President Donald Trump, his expected Republican challenger.
The investors in Endeavour Silver Corp. 's ( TSE:EDR ) will be rubbing their hands together with glee today, after the...
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STORY: Apple is getting ready to launch its Vision Pro mixed-reality headset in markets outside the U.S. That’s according to a report by Bloomberg on Monday. It says the tech giant has flown hundreds of staff from its overseas stores to California for training. The workers involved come from Germany, France, Australia, Japan, South Korea, Singapore and China - hinting that these may be the first international markets for the device. Bloomberg says the overseas launch could come after the firm’s Worldwide Developers Conference in June. That could be timely for Apple, which is looking for a sales boost amid waning demand for its iPhones. But, at $3,499, many question whether the Vision Pro can ever be a mass-market device. It was unveiled in June last year, and hit U.S. store shelves in February. The headset allows users to blend reality with immersive video. After an initial surge of sales, analysts say demand for the gadget has since tapered off. There was no comment on the latest reports from Apple. Back in March, Chinese media quoted Chief Executive Tim Cook as saying the Vision Pro could go on sale there this year.
LONDON (Reuters) -Oil prices were little changed on Tuesday as investors waited on data this week, including U.S. inflation indicators and a monthly report from the Organization of the Petroleum Exporting Countries. Brent crude futures fell 18 cents to $83.18 a barrel at 0808 GMT, while U.S. West Texas Intermediate (WTI) crude futures also lost 18 cents to $78.94 a barrel. "Oil prices were slightly higher overnight but remain in a broad holding pattern over the past week, with the lead-up to the upcoming U.S. inflation data keeping some reservations in place," said Yeap Jun Rong, market strategist at IG.
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“Congress has stalled out on doing work that it could do to help families lower costs," Sen. Warren tells TIME. "The President has the tools to fight back.”
U.S. President Joe Biden is set to announce new China tariffs as soon as Tuesday, targeting sectors including electric vehicles, medical supplies and solar equipment, according to people familiar with the matter. The expected move by the Biden administration comes ahead of the November presidential election. Biden, a Democrat seeking re-election, has taken a tough-on-China approach that would maintain existing tariffs on many Chinese goods set by former President Donald Trump, his expected Republican challenger.
As of May 2024, China's stock market has shown signs of recovery, buoyed by strong holiday spending and positive trade data. The Shanghai Composite and CSI 300 indices have both posted gains, reflecting renewed investor optimism in the region's economic prospects. In this context, exploring dividend stocks can be particularly interesting as they may offer investors potential income combined with exposure to the recovering Chinese market.
In this article, we will look at the 30 highest paid jobs and occupations in the US. We have talked about the highest paying industries in the US. If you want to skip our detailed analysis, head straight to the 10 Highest Paid Jobs and Occupations in the US. The landscape of high-paying jobs in […]
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