Author: Journalist
An improving industry backdrop and a new credit card deal has Bernstein enthusiastic about American Airlines . The firm upgraded the airline to outperform from market perform and raised its price target to $24 from $14. The new price target implies shares can rally nearly 40% from Monday’s close. Analyst David Vernon said positive pricing and revenue trends across the industry are reflected in American Airlines’ fourth-quarter earnings guidance. The company in October said it sees an adjusted profit per share between 25 cents and 50 cents. For the year, American Airlines expects to earn as much as $1.60 a…
How to navigate the supply chain challengeOf course, HubSpot’s own ESG performance is also of vital importance to Yogesh and his team. And, as with many companies today, Scope 3 emissions are occupying a lot of the team’s bandwidth.“More than 90% of our emissions come from our supply chain, not our operational activities,” he explains. But what can a company like HubSpot do to address this? Yogesh believes the solution is twofold. On the procurement side, the company has started incorporating sustainability criteria into tendering processes. “If a supplier wants to do business with us and the contract value is significant,…
Illustration: Takoyaki Tech (Getty Images)The cryptocurrency market has grown exponentially, boasting over 10,000 different cryptocurrencies. However, not all of these cryptocurrencies are equal. While some have strong fundamentals and practical use cases, many others lack substance and are driven primarily by speculation.For instance, memecoins—cryptocurrencies often created as jokes or based on internet trends—frequently experience dramatic price surges fueled by social media hype and concentrated groups of investors. While they may generate short-term excitement, these coins are notoriously volatile and can plummet just as quickly as they rise, leaving latecomers at a significant loss.For beginners, the safest strategy is to focus…
India rupee hits record low, bond yields dip as change of guard at RBI spurs rate cut bets; Singapore Institute of Advanced Medicine flagged over uncertainties about staying afloat; China makeup mogul Mao Geping nears billionaire status with Hong Kong IPO.Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.Written and hosted by: Emily Liu ([email protected])Recording engineer: Chai Pei ChiehProduced and edited by: Claressa MonteiroProduced by: BT Podcasts, The Business Times, SPH MediaBT in your inboxStart and end each day with the latest…
(Photo: UNclimatechange) At COP29 in Baku, developed-country parties such as the EU, the US and Japan agreed to help raise “at least” $300bn a year by 2035 for climate action in developing countries. The goal was welcomed by global-north leaders and presented as a “tripling” of the previous target for international climate finance. Yet it faced a strong backlash from many developing countries, with some branding it a “joke” and “betrayal”. Closer analysis of the goal and climate-finance data helps to explain this response. Analysts have shown that the target is achievable with virtually “no additional budgetary effort” from developed countries, beyond already-committed increases. A combination of pre-existing national pledges and multilateral development bank (MDB) plans will…
Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header. Register now Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set statistic alerts) please log in with your personal account. If you are an admin, please authenticate by logging in again. Login * For commercial use only Based on your interests Free Statistics Premium Statistics Free + Premium StatisticsReportsMarket InsightsThe most important statisticsThe most important statisticsThe most important statisticsThe most important statisticsThe most important statisticsThe most…
Multi-cycle movements are where the real utility lies in crypto. Be it a digital store of value like Bitcoin, a decade-old memecoin cult like Dogecoin, or being at the cutting-edge of decentralised finance (DeFi) like Ethereum and XRP, there are ample projects offering long-term investment potential. As the crypto history books have taught us, with each and every bull market comes bigger and better market caps and all-time-highs (ATH). So far in 2024, Bitcoin ($BTC) is the only mainstream project to properly illustrate this, as once stuck at $69,000 in 2021, it has now surpassed the prestigious $100,000. Furthermore, although…
WHILE companies in Asia-Pacific have mostly gotten the basics of climate reporting right, many are still not disclosing advanced metrics required under the reporting standards developed by the International Sustainability Standards Board (ISSB), indicated a report by financial data provider LSEG.This shows that they are not ready for the full-scale implementation of ISSB-aligned climate reporting that is set to come into effect in stages from 2025 in several jurisdictions in the Asia-Pacific, noted the report released on Monday (Dec 9). The authors of the report mapped ISSB reporting requirements against climate-related indicators from LSEG’s own environmental, social and governance (ESG)…
9h05 ▪ 4 min read ▪ by Luc Jose A. The crypto market is hit by a new wave of turmoil. In just 24 hours, nearly 760 million dollars have been liquidated, including 200 million in just one hour. This brutal movement, a symptom of a constantly bubbling market, reflects the vulnerability of leveraged positions in the face of sudden price fluctuations. At the same time, this situation highlights the significant challenges that investors must face, balancing risk management and exacerbated volatility. An Unprecedented Wave of Liquidations In the last 24 hours, the crypto market has been shaken by a…
Ashvin (Ash) Parkash has joined BNY on December 9 as head of global markets trading for Asia Pacific (Apac). The global bank has handed Parkash responsibility for accelerating its global markets trading services to clients across the Apac region, according to the a media release. Parkash (pictured) will continue to be based in Singapore and is joining BNY from Nomura, where he was responsible for electronic distribution across fixed income and FX. With 25 years of industry experience, in addition to Nomura, Parkash has held leadership roles at BNP Paribas, Citibank, and Lehman Brothers. Parkash will report to Jason…