Economy

Marketmind: What could possibly go wrong?

Optimism for the third quarter earnings season has provided a timely boost for equity markets, which flirted with correction territory in September.

Chips and ships: Philips cuts outlook as supply chain problems grow

Dutch health technology company Philips (PHG.AS) on Monday cut its outlook for sales and profit growth this year and said the global supply chain problems that added to its growing list of worries in the third quarter would likely intensify.

Malaysia’s AirAsia X proposes paying 0.5% of $8.1 bln debt

AirAsia X Bhd (AAX) (AIRX.KL) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit ($8.1 billion) of liabilities, a document seen by Reuters shows.

New Eco-friendly Electric Vehicles Join Waste King’s Expanding Fleet

Waste King, the UK-based environmentally friendly waste collection and recycling services specialist, has started regenerating its vehicle fleet by investing in its first electrically powered trucks. In addition, it has added two ‘junk removal’ vehicles to its fleet, which is growing following continued increasing demand for its services.

Marketmind: Stagflation blues

Even by the conservative standards of global organisations, the International Monetary Fund is known for its cautious forecasts. So, when the Fund cut 2021 growth forecast on Tuesday and said it was growing more concerned about entrenched inflationary pressures, there is reason for investors to take notice.

Marketmind: What could possibly go wrong?

Optimism for the third quarter earnings season has provided a timely boost for equity markets, which flirted with correction territory in September.

Chips and ships: Philips cuts outlook as supply chain problems grow

Dutch health technology company Philips (PHG.AS) on Monday cut its outlook for sales and profit growth this year and said the global supply chain problems that added to its growing list of worries in the third quarter would likely intensify.

Malaysia’s AirAsia X proposes paying 0.5% of $8.1 bln debt

AirAsia X Bhd (AAX) (AIRX.KL) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit ($8.1 billion) of liabilities, a document seen by Reuters shows.

New Eco-friendly Electric Vehicles Join Waste King’s Expanding Fleet

Waste King, the UK-based environmentally friendly waste collection and recycling services specialist, has started regenerating its vehicle fleet by investing in its first electrically powered trucks. In addition, it has added two ‘junk removal’ vehicles to its fleet, which is growing following continued increasing demand for its services.

Marketmind: Stagflation blues

Even by the conservative standards of global organisations, the International Monetary Fund is known for its cautious forecasts. So, when the Fund cut 2021 growth forecast on Tuesday and said it was growing more concerned about entrenched inflationary pressures, there is reason for investors to take notice.

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