UK's business supplier Bunzl raises 2024 profit margin forecast

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.
Simply Wall St.
3 SGX Stocks That May Be Trading Below Their Estimated Intrinsic Value By Up To 47.2%
As the Singapore market shows signs of robust activity, with innovative companies like Currensea successfully raising significant funds through crowdfunding, it highlights a growing investor confidence and interest in diverse sectors. In this context, identifying stocks that are potentially trading below their intrinsic value could offer attractive opportunities for investors looking to capitalize on current market conditions.
The Smart Investor
4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio?
These four stocks are hitting their 52-week highs but should they be included in your investment portfolio? The post 4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio? appeared first on The Smart Investor.
The Smart Investor
4 Singapore Stocks to Watch for in July
Here are four stocks with recent corporate developments or catalysts that investors can look out for. The post 4 Singapore Stocks to Watch for in July appeared first on The Smart Investor.
Barrons.com
Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.
The launch of Nvidia's Blackwell chips will test the ability of its suppliers and customers to deal with the infrastructure challenges associated with even more powerful chips.
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
Simply Wall St.
Avoid Metro Holdings On SGX And Explore This One Attractive Dividend Stock Instead
Dividend-paying stocks are often sought after for their potential to provide a steady income stream. However, it's crucial to examine the sustainability of these dividends. Companies like Metro Holdings, with high payout ratios, may indicate that their dividends could be at risk, making them less attractive for long-term investment stability.
Yahoo Finance
Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%
Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.
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.
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.
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...
Reuters
Analysis-Echoes of dotcom bubble haunt AI-driven US stock market
A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago, raising the question of whether prices have again been inflated by optimism over a revolutionary technology. AI fever, coupled with a resilient economy and stronger earnings, has lifted the S&P 500 index to fresh records this year following a run of more than 50% from its October 2022 low. The tech-heavy Nasdaq Composite index has gained over 70% since the end of 2022.
Reuters
Wall St edges lower as Powell signals caution; Tesla jumps after delivery data
Wall Street indexes traded lower on Tuesday after Federal Reserve Chairman Jerome Powell said more evidence was needed before cutting interest rates, while gains in Tesla shares kept losses in check. Tesla leapt 7.9% to its highest since January after the company reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter. Stocks also pared initial losses as Fed Chair Powell told a panel that recent economic data represented "significant progress," though noting the central bank needed to see more before changing policy.
Reuters
Biden revoked 8 licenses for China's Huawei in 2024, document shows
The Biden administration has revoked eight licenses this year that had allowed some companies to ship goods to Chinese telecoms equipment giant Huawei, according to a document seen by Reuters, as it seeks to pressure the resurgent company. The Commerce Department, which oversees U.S. export policy, said in May it had revoked "certain" licenses, as first reported by Reuters, but did not specify the name or number of suppliers that were impacted. Licenses for Qualcomm and Intel were among those revoked, Reuters reported at the time.
Reuters
Powell says Fed needs more evidence of falling inflation before cutting rates
SINTRA, Portugal (Reuters) -The U.S. central bank still needs more data before cutting interest rates to ensure that recent weaker inflation readings give a true picture of what is happening to underlying price pressures, Federal Reserve Chair Jerome Powell said on Tuesday. Data for May showed the Fed's preferred measure of inflation did not increase at all that month, while the 12-month rate of price increases has ebbed to 2.6%, still above the central bank's 2% target but on the way down. "We just want to understand that the levels that we're seeing are a true reading on what is actually happening with underlying inflation," Powell said at a monetary policy conference in Portugal sponsored by the European Central Bank.
Reuters
Morning Bid: US yields bite, China enjoys rare surprise
Asia lagged what was a pretty solid start to the new quarter for global stocks on Monday, and the steep rise in U.S. Treasury yields suggests it will be difficult session again on Tuesday for regional equities and emerging assets more broadly. The 10-year U.S. yield jumped 13 basis points to 4.50% on Monday - the highest yield and biggest one-day rise in a month - as investors repriced the potential inflationary impact from mooted fiscal, tariff, and immigration policies under a Donald Trump presidency. Wall Street, European, and world stocks powered through that headwind, Japanese stocks got a lift from the yen's slide back through 161.00 per dollar, and Chinese stocks drew strength from a positive surprise in domestic manufacturing sector data.
Simply Wall St.
Private equity firms among Sembcorp Industries Ltd's (SGX:U96) largest stockholders and were hit after last week's 4.8% price drop
Key Insights Sembcorp Industries' significant private equity firms ownership suggests that the key decisions are...
Reuters Videos
US to criminally charge Boeing over 737 MAX crashes
STORY: Boeing is set to face criminal charges over fraud following the two fatal crashes of its 737 MAX jets some years ago.Reuters sources said Sunday that the U.S. Department of Justice had decided on the course of action. There was no comment on the report from officials or the company. The deadly crashes took place in 2018 and 2019, killing 346 people. They were later traced to a design flaw in the jets, which has since been fixed. Boeing later agreed a deferred prosecution deal, which shielded it from criminal charges. That was in return for compensating victims’ families, and taking steps to improve compliance. But in January this year, a midair blowout on another MAX jet revived concern over how well the planes are made. Prosecutors subsequently concluded that Boeing had not honored the terms of the deferred prosecution deal - something the company disputes. Now Boeing will reportedly have until the end of the week to plead guilty or face a trial. It is expected to see a new financial penalty, and will have to submit to independent monitoring. Pleading guilty may not be an attractive move for the firm, which is also a big maker of military aircraft and other defense gear. Companies with felony convictions can face restrictions on government contracts, though it’s possible a plea deal could include terms that avoid such an outcome.
Reuters
Polestar posts loss, plans steps to offset tariffs on China-made EVs
STOCKHOLM (Reuters) -Electric vehicle (EV) maker Polestar said it will have to take steps to offset hefty EU and U.S. import tariffs on its Chinese-made electric cars as it posted a first-quarter operating loss on Tuesday. The Swedish company, controlled by China's Geely, makes all its EVs in China, but its new model, the Polestar 3, will be made in the United States from the end of this summer and its Polestar 4 in South Korea from the second half of next year. Until then, it will incur provisional tariffs of 20% for the cars it brings into the European Union under a proposal by the European Commission and more than 100% for the United States.
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...

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UK's business supplier Bunzl raises 2024 profit margin forecast

Latest stories

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

3 SGX Stocks That May Be Trading Below Their Estimated Intrinsic Value By Up To 47.2%

4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio?

4 Singapore Stocks to Watch for in July

Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.

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

Avoid Metro Holdings On SGX And Explore This One Attractive Dividend Stock Instead

Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%

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

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

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

Analysis-Echoes of dotcom bubble haunt AI-driven US stock market

Wall St edges lower as Powell signals caution; Tesla jumps after delivery data

Biden revoked 8 licenses for China's Huawei in 2024, document shows

Powell says Fed needs more evidence of falling inflation before cutting rates

Morning Bid: US yields bite, China enjoys rare surprise

Private equity firms among Sembcorp Industries Ltd's (SGX:U96) largest stockholders and were hit after last week's 4.8% price drop

US to criminally charge Boeing over 737 MAX crashes

Polestar posts loss, plans steps to offset tariffs on China-made EVs

Mark Cuban’s Best Advice on How To Become Rich