Shipping giant Maersk shares slide 15% after suspending share buybacks amid Red Sea disruption
Danish shipping giant Maersk on Thursday flagged “high uncertainty” in its 2024 earnings outlook as Red Sea disruptions continue to weigh on the industry.
Siemens profit ahead of forecast despite digital sector orders fall
Siemens reported first-quarter profit slightly ahead of expectations on Thursday despite the German engineering group seeing a slowdown at its flagship factory automation unit.
CNBC Daily Open: Banking troubles again roil markets
Trouble is brewing around another U.S. regional lender that has renewed Wall Street worries.
Societe Generale posts sharp profit drop as net banking income slides
Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income.
SoftBank’s Vision Fund logs $4 billion gain, its biggest in nearly 3 years, as tech valuations recover
SoftBank posted its first quarterly profit after four quarters of losses driven by massive gains at its flagship tech investment arm, the Vision Fund.
‘World is grateful’: India keeps oil prices cheaper by buying from Russia, Indian oil minister says
Global markets are thankful to India for purchasing Russian oil as it keeps crude prices affordable, said India’s oil minister, Hardeep Singh Puri.
China’s VC playbook is undergoing a sea change as U.S. IPO exits get tougher
The Chinese venture capital world that once hoped for giant U.S. IPOs similar to Alibaba’s is changing drastically.
Hainan Airlines is handing out Rokid AR glasses for in-flight entertainment
Hainan Airlines this week started handing out Rokid’s augmented reality glasses on a few routes for in-flight entertainment, the tech startup said Thursday.
Wynn is almost back in Macao and crushing it in Vegas even before Super Bowl, Chinese New Year
Both Macao locations and Las Vegas were strong while Boston Harbor was essentially in line with expectations.
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.
