Author: Journalist

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN  —  Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests. Xi made the remarks on Tuesday during a meeting with the heads of several global financial institutions, including the World Bank and International Monetary Fund, a day after Chinese regulators announced an antitrust investigation into American chip maker Nvidia.…

Hope usually springs eternal for the S&P 500 this time of year. But analysts are already sounding specific warnings for next year. ↑ X NOW PLAYING Beating The Market: How To Find Outperforming Stocks Analysts think 10 stocks in the S&P 500, including Palantir Technologies (PLTR), Tesla (TSLA) and Super Micro Computer (SMCI), will sink 10% or more in the next 12 months, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge. That would be quite a disappointment — following such a strong year for the S&P 500. Analysts think the average S&P 500…

Raj Sharma, Director at ITOCHU and Corporate M&A expert based in New York. getty C-suites often make strategic decisions to sell assets that no longer fit a company’s future growth strategy and might be distracting the management team from focusing on its core business. It is critical for the management team to prepare for a sale in order to extract the best value for the assets. Here are the top five things to plan for a successful sale of a non-core business unit of a company. 1. Have An Experienced Management Team In Place When a large corporation is looking…

Small business owners tend to lean Republican and the sharp increase in confidence had been widely anticipated by economistsUS small-business confidence surged to the highest level in nearly 3½ years in November amid post-election euphoria.The National Federation of Independent Business (NFIB) said on Tuesday (Dec 10) its Small Business Optimism Index jumped 8.0 points to 101.7 last month, the highest level since June 2021. Donald Trump won the race for the White House and his Republican Party clinched control of the US Congress in last month’s elections.Small business owners tend to lean Republican, and the sharp increase in confidence had…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An opera performer turned celebrity make-up artist has just become China’s newest billionaire. On the first day of trade for Mao Geping’s namesake cosmetics company, the first Chinese beauty brand to list in Hong Kong, shares rose as much as 87 per cent. That pop highlights a growing trend among Chinese consumers: a shift from European brands to domestic alternatives.Tuesday’s gains give Skincare and cosmetics firm Mao Geping Cosmetics a market value of more than $3bn. The first day surge is notable…

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…