Maersk’s 2026 earnings drop with gradual opening of Red Sea, cuts jobs
It expects its underlying Ebitda to be between US$4.5 billion and US$7 billion this year, down from US$9.6 billion in 2025 Danish shipping company Maersk plans to cut jobs and…
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Gradual
Yuan’s gradual advance may offer boost to emerging currencies
CHINA’S new-found tolerance for steady yuan appreciation looks set to re-accelerate a rally in emerging-market (EM) currencies, as investors brace themselves for lower US interest rates.…
Hyundai CEO sees gradual rise in car prices easing tariff shock
Hyundai Motor’s top executive expects car prices to remain relatively steady over the coming months despite added costs from the escalating global trade war, as automakers try to maintain…
US Fed minutes show officials prefer future rate cuts to be gradual
US FEDERAL Reserve officials indicated broad support for a careful approach to future interest-rate cuts as the economy remains solid and inflation slowly cools, minutes from their latest…