JP Morgan, which has a Neutral rating, says the sequential softening of average revenue per FEU was not unexpected “given the end of the peak shipping season.”
Tan made the comments at the Future of Investing panel at the World Economic Forum’s annual meeting in Davos, Switzerland, according to an e-mailed statement.
Straits Asia Resources (AJ1.SG) is off 1.6% at $2.48, extending decline from $2.80 December high, down 11.4% since then, hurt by investors’ concern over delays to obtaining permit for Northern Leases area of its Sebuku mine.
Net income climbed to $503 million in the three months to June 30, from $466 million a year earlier, helped by an 82% drop in bad-loan costs, the Singapore- based company said in a statement today. That was less than the $546.4 million average of eight estimates from analysts surveyed by Bloomberg.
The retail sales index fell 3.4% in May from a year earlier, after declining a revised 2.3% in April, the Statistics Department said today. The median estimate of seven economists surveyed by Bloomberg News was for a 2.4% drop. Excluding motor vehicles, retail sales rose 7.8%.
News Analysis: Microsoft is on the decline. For the first time, Apple has beaten the software giant as the most valuable company in the industry. For its part, Microsoft is shrugging it off. But it should embrace the news. It’s good for the company. – Microsoft
is no longer the most valuable technology company in the industry. Earlier
this week, Microsoft’s market capitalization fell below Apple’s for the first
time. Currently, Microsoft’s market cap sits at $219 billion. It was at more
than $500 billion before Steve Ballmer took over at Micr…
Tat Hong Holdings, one of the world’s top 10 crawler crane companies, says net profit for the full-year ended March 31, 2010 (FY2010) declined 44% to $38.6 million in FY2010 from $68.9 million in the previous financial year (FY2009), on the back of a 22% decrease in revenue to $495.4 million in FY2010 from $631.8 million in FY2009.
President of the NBS Council Dejan Šoškić says a reasons for the dinar sliding to over 100 for one euro are the ratio between supply and demand. Another, the candidate for the next central bank governor added, is the fact that Serbia has no competitive export-oriented economy and is not attractive enough for direct foreign investments.
The video game industry suffers a steep sales decline in April, with sales of hardware, software and accessories all posting large declines. The Nintendo Wii continued to be the best-selling console. – <p>The video game industry experienced its worst year-over-year decline
in April since July 2009, and the fourth largest year-over-year
percentage decline ever after September 2000, June 2009 and July 2009,
with sales falling 26 percent, to $766.2 million, from the same period
last year. Year-to…
China Sports International, the sports fashion footwear and apparel company based in China, today reported net profit for the first quarter ended 31 March 2010 (1Q10) declined 47.6% to RMB26 million ($5.3 million) from RMB49.7 million in 1Q09.
Mercator Lines (Singapore), the Indian-owned international dry bulk shipping company focused on India and China, today announced a decline of 46% in net profits to US$40.7 million ($56.3 million) for the financial year ended March 31, 2010 (FY2010), compared to US$75.8 million for the corresponding period.
The group’s revenues for the full year FY2010 declined by 22% to US$144.5 million from US$186.1 million in FY2009. This decline is primarily attributed to decline in the spot market rates and renewal of long term charters at rates lower than FY 2009.
Cosco Corp. Singapore dropped as much as 5.1% after the company reported a 4.3% decline in first-quarter profit because of a decline in bulk-shipping rates and lower sales from vessel repairs.
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As of 2007, the bottom 50% of the U.S. population owned only one-half of one percent of all stocks, bonds and mutual funds in the U.S. On the other hand, the top 1% owned owned 50.9%.From the San Francisco Chronicle:Half of America has only 0.5% …
As of 2007, the bottom 50% of the U.S. population owned only one-half of one percent of all stocks, bonds and mutual funds in the U.S. On the other hand, the top 1% owned owned 50.9%.From the San Francisco Chronicle:Half of America has only 0.5% of th…
Ziwo Holdings (I9T.SG) is up 1.6% at 32 cents, retracing part of Friday’s 13.7% fall, which triggered query from Singapore Exchange that day, according to Dow Jones.
M1 (B2F.SG) off 0.9% at $2.12 in light trade; improvement in core 1Q10 operating performance, management’s more upbeat outlook, limiting share price downside amid broad market retreat, STI down 1.4% at 2,965.95, according Dow Jones.
Sentiment in Singapore market guarded amid pullback in Asian bourses, with blue chips to penny shares succumbing to profit-taking, according to Dow Jones. The STI was off 0.5% at 2,962.06 at midday with two decliners for every gainer. Support is tipped at last week’s low of 2,950.
Microsoft saw market share for certain major European markets decline during the period between Feb. 9 and March 10, according to analysis firm StatCounter, while other browsers experienced an uptick in their number of users. This could perhaps be due to the March 1 introduction of a Web browser choice screen that offers European users of Windows the chance to download a browser other than Internet Explorer. Smaller browsers featured on that ballot screen have tried to engage Microsoft to make visual changes that feature their products more prominently.
– Microsoft has seen market share for Internet Explorer decline in certain
European markets following the March release of a quot;Web browser choice
screen quot; designed to give Windows users in the European Union a selection
of browsers other than Internet Explorer, according to Web analysis fir…
Silicon Valley’s decline has been charted over an eight-year period between 2000 and 2008 in which venture capital investment meant big gains for technology workers’ wages in the beginning, but those IT wages have since diminished, according to government economists. The recovery will be slow and gradual, they say.
– Silicon Valley and the Northern California Bay Area have seen a
dramatic change in wages and job opportunities from 2000 through 2008
for high-tech workers, according to a report from the Bureau of Labor Statistics’ San Francisco office. (PDF)
Adjusted for inflation, wages and stock-related pa…
