Apple Inc (AAPL.O) on Thursday forecast bigger problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion.
The U.S. solar industry is warning of a big slowdown in project installations this year as global supply chain disruptions and the threat of new U.S. tariffs on panel imports from Southeast Asia hit home.
This month’s dive in China’s currency has revived memories of past routs but market participants say increased foreign holdings of yuan assets mean authorities are much less likely to curb the selling than they were in previous years.
Chipmakers are divided over how aggressively to oppose a legislative proposal that would give the U.S. government sweeping new powers to block billions in U.S. investment into China, according to documents seen by Reuters.
PayPal Holdings Inc (PYPL.O) shares traded higher Wednesday even after the company lowered its full-year profit outlook, signaling that payments volumes could take a hit from surging inflation and the conflict in Ukraine.
Exxon Mobil Corp (XOM.N) said on Wednesday its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations due to sanctions on Russia that have made it increasingly difficult to ship crude to customers.
Singapore’s Sembcorp Marine (Sembmarine) (SCMN.SI) has agreed to a S$8.7 billion ($6.29 billion) merger with Keppel Corp’s (KPLM.SI) larger offshore and marine unit, a year after the Temasek-backed firms began deal talks amid an industry downturn.
With inflation running at its highest levels in four decades, Utah business owner Steve Allred is concerned about the declining purchasing power of the U.S. dollar.
PepsiCo Inc (PEP.O) beat estimates for quarterly revenue on Tuesday and raised its full-year forecast on steady demand for its sodas and snacks even in the face of several rounds of price increases.
HSBC (HSBA.L) has shelved plans for fresh stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical drama and economic weakness dented its prospects.
Apple Inc (AAPL.O) on Thursday forecast bigger problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion.
The U.S. solar industry is warning of a big slowdown in project installations this year as global supply chain disruptions and the threat of new U.S. tariffs on panel imports from Southeast Asia hit home.
This month’s dive in China’s currency has revived memories of past routs but market participants say increased foreign holdings of yuan assets mean authorities are much less likely to curb the selling than they were in previous years.
Chipmakers are divided over how aggressively to oppose a legislative proposal that would give the U.S. government sweeping new powers to block billions in U.S. investment into China, according to documents seen by Reuters.
PayPal Holdings Inc (PYPL.O) shares traded higher Wednesday even after the company lowered its full-year profit outlook, signaling that payments volumes could take a hit from surging inflation and the conflict in Ukraine.
Exxon Mobil Corp (XOM.N) said on Wednesday its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations due to sanctions on Russia that have made it increasingly difficult to ship crude to customers.
Singapore’s Sembcorp Marine (Sembmarine) (SCMN.SI) has agreed to a S$8.7 billion ($6.29 billion) merger with Keppel Corp’s (KPLM.SI) larger offshore and marine unit, a year after the Temasek-backed firms began deal talks amid an industry downturn.
With inflation running at its highest levels in four decades, Utah business owner Steve Allred is concerned about the declining purchasing power of the U.S. dollar.
PepsiCo Inc (PEP.O) beat estimates for quarterly revenue on Tuesday and raised its full-year forecast on steady demand for its sodas and snacks even in the face of several rounds of price increases.
HSBC (HSBA.L) has shelved plans for fresh stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical drama and economic weakness dented its prospects.
© | All rights reserved.
