Posts by Liam Redmond
Maersk’s Q2 profit smashes forecasts amid global trade turbulence, raises 2026 outlook again
Published Thu, Aug 13, 2026 · 03:14 PM [COPENHAGEN] Danish shipping group Maersk on Thursday (Aug 13) smashed profit forecasts and raised its full-year earnings guidance for a second time in 2026 as the Middle East conflict and strong demand pushed freight rates higher. Maersk’s profit before interest, taxes, depreciation and amortisation (Ebitda) for April…
Read MoreChina Aviation Oil H1 net profit falls 17.8% to US$41.1 million on squeezed margins, lower volumes
Earnings have been hit by higher costs in securing jet fuel supply as the Middle East conflict intensifies [SINGAPORE] China Aviation Oil (CAO) on Thursday (Aug 13) posted a 17.8 per cent year-on-year drop in net profit for the first half ended Jun 30 to US$41.1 million, from US$50 million. The decline in earnings was…
Read MoreIce cream makers bet consumers still want treats, just healthier ones
The rise of appetite suppressants and demand for healthier foods pushes manufacturers to cut portion sizes and simplify ingredients lists Published Thu, Aug 13, 2026 · 02:55 PM [LONDON] Ice cream companies may be enjoying a summer sales boost from soaring temperatures, but behind the scenes they are preparing for a future where consumers want…
Read MoreMeta says it shut down 750,000 under-16 accounts in Australia
Observers are watching for signs of whether the new rules are working but many Australian children have found workarounds Published Thu, Aug 13, 2026 · 01:54 PM [HONG KONG] Meta Platforms says it has removed access to more than 750,000 Instagram and Facebook accounts in Australia believed to belong to people under 16 since it…
Read MoreStoneweg Europe Stapled Trust evaluates management internalisation, posts 1.4% rise in H1 DPS to 0.06642 euro
NPI growth in its logistics and light industrial segments among reasons for DPS increase [SINGAPORE] Stoneweg Europe Stapled Trust (Sert) is evaluating a potential internalisation of its managers, it announced on Thursday (Aug 13, alongside its financial results for the first half of the year. Simon Garing, CEO of the trust’s managers, said that the…
Read MoreRide-hailing firm GoTo cut from MSCI indexes in review
This follows a warning in May that the stock would be deleted if it failed relevant liquidity requirements Published Thu, Aug 13, 2026 · 11:11 AM [SINGAPORE] MSCI removed GoTo Group from its indexes after a plunge in the former Indonesian tech darling’s share price left the stock difficult to trade. The index compiler dropped…
Read MoreSouth Korean stocks surge 22% in 10 days amid global rebound in AI trade
Enthusiasm for tech hardware stocks is returning on evidence of continued massive AI spending by global big tech firms Published Thu, Aug 13, 2026 · 10:40 AM SOUTH Korean stocks climbed, putting the benchmark index on track to enter a technical bull market, as a global rebound in the AI trade fuelled a rapid reversal…
Read MoreCDL shares end 4.3% higher on strong H1 earnings, doubling of interim dividend
Its net profit for the first half jumps from S$91.2 million previously to S$301.6 million [SINGAPORE] Shares of property developer City Developments Ltd (CDL) jumped as much as 11.2 per cent or S$0.88 to S$8.74 at the opening bell on Thursday (Aug 13). The group announced pre-trading that its results for the first half of…
Read MoreStarHub expects more virtual telco consolidation; H1 profit jumps on one-off Ensign gain
[SINGAPORE] StarHub expects smaller mobile virtual network operators (MVNOs) to be consolidated by larger telcos, said Nikhil Eapen, CEO of the telecommunications company on Thursday (Aug 13). “There’s a natural progression in which MVNOs will sort of gravitate and then be absorbed and adopted by the large, well-capitalised players,” he noted. “I should expect that…
Read MoreFord to stop importing SUV model from China to US amid Trump’s reshoring push
The US president has pressured automakers to shift more production home, imposing higher tariffs on imported cars and parts Published Thu, Aug 13, 2026 · 09:07 AM FORD Motor will stop importing the one model it ships into the US from China, with the automaker shifting production of the Lincoln sport utility vehicles (SUV) to…
Read MoreSmall Business Grants 2026: Emigrant Bank Names Winners
Finding money to grow a small business is stressful, and it rarely feels fair. So it is worth pausing on some good news. Emigrant Bank has named the recipients of its 2026 Small Business Grants, backing local New York-area businesses and nonprofits. You may not bank with Emigrant, and that is fine. The real story…
Read MoreFintech Startups Attack Idle Cash as Rivo Raises $3.1M
Here is a raise that rewards a simple, stubborn problem. Rivo launched out of beta with a $2.7 million seed round, which brings its total funding to $3.1 million. The company is building what it calls “self-driving money,” and it wants to end the “inertia tax.” That phrase should stick with every founder. The inertia…
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