Danish shipping giant Maersk on Thursday flagged “high uncertainty” in its 2024 earnings outlook as Red Sea disruptions continue to weigh on the industry.
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SoftBank nets $16 billion on Arm earnings pop, exceeding its total losses in WeWork
Chip design firm Arm reported strong earnings on Wednesday, giving Masayoshi Son’s SoftBank a huge paper profit.
China’s central bank encourages local businesses to accept foreign payment cards
His written comments, exclusive to CNBC, come as Beijing has stepped up efforts to encourage visits from foreign tourists and business people.
China appoints ‘Broker Butcher’ Wu Qing as new chairman of securities regulator
China’s Cabinet on Wednesday appointed markets veteran Wu Qing as chairman of the China Securities Regulatory Commission, state media Xinhua said.
Social media chatter helps draw 3 million tourists in 3 days to a frigid city in northern China
Following a flurry of social media chatter, Harbin attracts a record-breaking number of visitors during the three-day New Year holiday.
Crisis-hit Paytm in talks with top India officials after $2.5 billion market cap wipeout
Paytm’s chief executive was told to approach the country’s central bank in a short meeting with India’s finance minister, according to sources.
China producer prices dip in January for a 16th month; consumer prices see biggest drop since 2009
Tepid prices highlight what China’s top leaders labeled as a “tortuous” economic recovery.
DBS slashes CEO’s variable pay by 30% after multiple digital disruptions
DBS Group cut the variable compensation for its senior management to “hold them accountable” for a number of digital disruptions that year.