Apple, ticker NasdaqGS:AAPL, recorded a 20% year over year increase in iPhone shipments in China in Q1 2026. The broader Chinese smartphone market reportedly declined over the same period. Apple moved into the second spot by market share in China, behind Huawei. E commerce discounts, government subsidies, and Apple accepting lower margins supported this shipment growth. For you as an investor, thi...
Apple, ticker NasdaqGS:AAPL, recorded a 20% year over year increase in iPhone shipments in China in Q1 2026. The broader Chinese smartphone market reportedly declined over the same period. Apple moved into the second spot by market share in China, behind Huawei. E commerce discounts, government subsidies, and Apple accepting lower margins supported this shipment growth. For you as an investor, this shift in China matters because iPhone remains the core revenue driver for NasdaqGS:AAPL and...
Match of the Day pundits Wayne Rooney and Danny Murphy discuss how "two top players" in Erling Haaland and Gabriel went head-to-head in Manchester City's 2-1 victory against Arsenal.
Match of the Day pundits Wayne Rooney and Danny Murphy discuss how "two top players" in Erling Haaland and Gabriel went head-to-head in Manchester City's 2-1 victory against Arsenal.
Singapore’s growth is poised to moderate as its export-driven model is strained by geopolitical tensions and a fragmenting global trading system, though it could draw support from opportunities in the Middle East, according to Bloomberg Intelligence. Growth in the Asian financial hub is expected to ease to about 2.5% this year before settling into a 2%–3% range over the longer term, BI said in a r...
Singapore’s growth is poised to moderate as its export-driven model is strained by geopolitical tensions and a fragmenting global trading system, though it could draw support from opportunities in the Middle East, according to Bloomberg Intelligence. Growth in the Asian financial hub is expected to ease to about 2.5% this year before settling into a 2%–3% range over the longer term, BI said in a report on Monday. Still, the city is projected to outpace many developed peers as economies grapple with fallout from the Iran war. Singapore will update its economic outlook from its earlier forecast of 2%-4% in May. “Singapore has prospered on the back of burgeoning trade and foreign-investment flows, yet it now faces a less positive environment as protectionism increases and big countries bring some investment home for national-security reasons,” BI said. “Authorities are responding to these risks, and we believe Singapore will continue to grow moderately faster than the developed-world average in coming years.” Officials in the city-state have long warned of rising economic and geopolitical headwinds, a message that helped the ruling party increase its share of the vote in last year’s election. In a budget unveiled roughly a fortnight before the US and Israel attacked Iran, Prime Minister Lawrence Wong said that “standing still is not an option — we cannot wait for conditions to turn more favorable, nor can we fall back on strategies designed for a previous era.” Read More: Singapore’s Wong Unveils Budget for ‘More Dangerous’ World While parts of Asia have faced fuel disruptions as the Iran war has disrupted shipping through the Strait of Hormuz, Singapore has avoided rationing though government offices have reined in the use of air-conditioning . And even with the risks arising from disruptions to supplies of fuel, fertilizers and other commodities, instability in global markets may to an extent benefit Singapore, which can harness careful regulation, a strong currency ...
English player wins at first playoff hole with birdie Fitzpatrick claims second PGA Tour victory of year England’s Matt Fitzpatrick beat the world No 1, Scottie Scheffler, in a playoff to win the RBC Heritage for the second time. Fitzpatrick took a three-shot into the final round at Hilton Head and still held that advantage standing on the 15th tee. But playing partner Scheffler produced birdies a...
English player wins at first playoff hole with birdie Fitzpatrick claims second PGA Tour victory of year England’s Matt Fitzpatrick beat the world No 1, Scottie Scheffler, in a playoff to win the RBC Heritage for the second time. Fitzpatrick took a three-shot into the final round at Hilton Head and still held that advantage standing on the 15th tee. But playing partner Scheffler produced birdies at 15 and 16 and Fitzpatrick’s duffed chip on 18 cost him a bogey, sending him into a playoff that he looked second favourite to win. Continue reading...
(RTTNews) - The South Korea stock market on Friday snapped the three-day winning streak in which it had jumped more than 410 points or 5.3 percent. The KOSPI now sits just above the 6,190-point plateau and it may take further damage on Monday.
(RTTNews) - The South Korea stock market on Friday snapped the three-day winning streak in which it had jumped more than 410 points or 5.3 percent. The KOSPI now sits just above the 6,190-point plateau and it may take further damage on Monday.
Retail analysts say breaking up food and fashion group would make sense in challenging business environment Primark may break free from Kingsmill, Twinings and the sugar business this week when Associated British Foods announces plans on a mooted demerger. The potential split comes at a tricky time for the group controlled by the billionaire Weston family, with its fashion and food arms facing tou...
Retail analysts say breaking up food and fashion group would make sense in challenging business environment Primark may break free from Kingsmill, Twinings and the sugar business this week when Associated British Foods announces plans on a mooted demerger. The potential split comes at a tricky time for the group controlled by the billionaire Weston family, with its fashion and food arms facing tough competition and rising costs. Continue reading...
Philippine banks may have to push harder to convince companies to hedge their foreign exchange exposure as the war in Iran underscores the country’s vulnerability to geopolitical shocks, according to a central banker. The conflict has led to a higher inflation rate, lower-than-target economic growth, a wider current account deficit and a risk to remittances, said Walter Wassmer , a member of the B...
Philippine banks may have to push harder to convince companies to hedge their foreign exchange exposure as the war in Iran underscores the country’s vulnerability to geopolitical shocks, according to a central banker. The conflict has led to a higher inflation rate, lower-than-target economic growth, a wider current account deficit and a risk to remittances, said Walter Wassmer , a member of the Bangko Sentral ng Pilipinas’ policymaking Monetary Board. “The US-Iran war is both a stress test of our macro fundamentals and our financial market plumbing,” Wassmer told FX traders and brokers at a convention over the weekend on Boracay island in the central Philippines. When oil prices spike, when the peso weakens and when global yields are volatile, the Bangko Sentral wants local markets to keep funds flowing, allow interest rate risk to be managed rather than feared, and let the exchange rate adjust without disorder, he said. “In short, we want the shock to be priced and hedged, not panic-driven or amplified.” Rates Swaps Draw C-Suite Attention at Philippines Biggest Firms Philippines’ BSP Approves Tweaks to FX Derivatives Rules Wassmer also told FX market participants that the central bank’s commitment to a “market-determined exchange rate, while ensuring orderly market conditions” remains unchanged, “even under the pressure of the current oil-driven shock.” The Philippine peso hit a record low versus the dollar on March 30 but has since recouped some of its losses. What matters to the central bank is not eliminating volatility, but avoiding disorderly volatility, Wassmer said, noting that the peso has been very stable in past years. “When a shock hits, we want the peso to move for reasons that can be explained by fundamentals and flows and not by fear, misinformation or thin markets,” he said.
Asian defense stocks are attracting renewed investor interest following a global arms buildup sparked by the Iran war, with some investors seeing the sector as a longer-term growth story rather than a short-term geopolitical trade. Three Asian stocks — South Korea’s Hanwha Systems Co. and LIG Defense & Aerospace Co. , along with Japan’s Astroscale Holdings Inc. — rank among the top five defense pe...
Asian defense stocks are attracting renewed investor interest following a global arms buildup sparked by the Iran war, with some investors seeing the sector as a longer-term growth story rather than a short-term geopolitical trade. Three Asian stocks — South Korea’s Hanwha Systems Co. and LIG Defense & Aerospace Co. , along with Japan’s Astroscale Holdings Inc. — rank among the top five defense performers worldwide this year, according to a Bloomberg gauge of aerospace and defense firms. The rally may be just the start of a longer expansion, as Middle East tensions highlight the growing indispensability of defense, according to investors, including BofA Securities and Jupiter Asset Management. Iran war developments remain fluid amid back-and-forth over potential peace ahead of Tuesday’s ceasefire expiry. President Donald Trump said Sunday that the US Navy fired upon and seized an Iranian-flagged cargo ship in the first major encounter in a week-old US blockade of the Strait of Hormuz. European governments are set to boost defense budgets, while Middle Eastern nations will likely prioritize military spending. Asian exporters, meanwhile, are well placed to meet demand thanks to cost advantages, flexible supply chains and faster delivery. “There are some structural themes that have been accelerated by the Middle East war — defense is one,” said Wei Li , global chief investment strategist at BlackRock. “Our investors actually leaned into the weakness during the war when it was selling off, knowing that actually the strategic case has been reinforced and we continue to like it for the long term.” Loosening Purse Defense shares are benefiting from surging export demand , particularly from Eastern Europe and the Middle East, where governments are moving from passive defense to more active deterrence strategies. “There’s still quite a lot of upside because many governments around the world haven’t been spending a very high proportion of their GDP on defense for several deca...