Profits Warnings

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This shipping company is giving its employees five years of salary as bonus

Hindustan Times 21 Mar 2023

After a profitable financial year, Taiwan shipping giant Evergreen Marine is handing out massive bonuses to its 3100 workers, reported Australian news website news.com.au ... But, the shipping giant's profits could soon be stalled as Bloomberg intelligence analysts warned that companies were looking for cheaper shipping prices.

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Northern bourse puts LDP on warning list

The Saigon Times 21 Mar 2023

HCMC – The Hanoi Stock Exchange (HNX) has put 12.7 million LDP shares of Lam Dong Pharmaceutical JSC on its warning list due to the firm’s losses in 2022 ... However, the firm incurred a loss of VND38.9 billion in 2022 compared to a profit of VND37.9 billion in the previous year.

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Learning Little from the Iraq War

Antiwar 21 Mar 2023

> ... It was then preserved by lies until the lies could no longer be countenanced (or until they proved no longer profitable). Yet the liars were promoted (whether in the military or outside of it) and those who warned of the folly of war 20 years ago or those who tried to reveal the truth about war crimes or profiteering during the war were punished ... .

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Chatbot pioneer Sam Altman warns world of AI dangers: ‘They could be used for offensive cyber-attacks!’

Longview News-Journal 20 Mar 2023

Chatbot pioneer Sam Altman is warning the world needs to be “careful” with artificial intelligence as it could be used for “offensive cyber-attacks” ... Tesla CEO Elon Musk, 51, who was one of the first investors in OpenAI when it was still a non-profit company, has repeatedly warned AI is more dangerous than nuclear weapons.

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Hong Kong stocks slide as markets fear losses in UBS-Credit Suisse deal while Huarong slumps ...

South China Morning Post 20 Mar 2023

Local stocks find no shelter from the UBS-Credit Suisse deal as investors fret about losses from the forced merger. China Huarong issues a profit warning ... .

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China Huarong warns of US$4 billion loss for 2022, as volatile capital markets hammer bad-loan ...

South China Morning Post 20 Mar 2023

The company blamed capital-market volatility for the profit warning, which followed a 100,000 yuan fine from China’s Ministry of Finance for ineffective risk controls and ‘severely distorted’ accounting ... .

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S. Africa’s Exxaro Resources Says Coal Prices Cooling Off

Hellenic Shipping News Worldwide 20 Mar 2023

South Africa’s Exxaro Resources on Thursday posted a 28% jump ...

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The big idea: why we should study the history that never happened

The Guardian 20 Mar 2023

Questions about what happened slide very easily into conjectures. what if it didn’t happen, or happened differently? Historians tend not to take kindly to such speculation. Fiction is fuelled by it ... He warns them repeatedly that “warr and trafique are incompatible”, and it was better to seek profit in “quiett trade” ... ....

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Prince Harry and Meghan Markle to put ‘everything on sale’ if they attend Charles’ Coronation

The News International 20 Mar 2023

Following Prince Harry and Meghan Markle’s Netflix docuseries, the royal family is likely to keep their distance from them, just in case they plan on a new series ... Everyone is terrified,” she said. “Everything is for sale, every indiscretion or a side comment could be magnified for an American audience in order to get them a profit,” she warned ... .

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Swiss banks announce historic takeover

Russia Today 20 Mar 2023

Banking giant UBS has reached a deal to acquire its ailing rival Credit Suisse ... Read more Switzerland considering nationalizing floundering bank – Bloomberg ... Credit Suisse last month reported a 2022 net loss of 7.3 billion francs and warned that it would incur another “substantial” loss in 2023 before returning to profitability in 2024.

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NY Community Bank to buy Signature Bank

The Manila Times 20 Mar 2023

SAN FRANCISCO ... The measure "should ease near-term liquidity pressures," S&P said in a statement, "but it may not solve the substantial business, liquidity, funding, and profitability challenges that we believe the bank is now likely facing.". The agency warned it could further lower the bank's rating if there is no progress in stabilizing deposits.

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Why is the one-time darling of the High Street struggling? John Lewis shoppers say lack ...

The Daily Mail 20 Mar 2023

And in a letter to staff last week, partners were warned of potential job cuts ... READ MORE ... Advertisement ... This could mean abandoning its paternalistic model and becoming a for-profit limited company or demutualising ... Loss. A chart showing John Lewis Partnership pre-tax profits or losses before exceptional items. Dame Sharon warned of cost cuts, saying ... .

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Why Credit Suisse Collapsed And What Could Happen Next To UK Banks

Huffington Post 20 Mar 2023

Credit Suisse was bought out by its rival bank UBS in an eleventh-hour deal on Sunday ... Here’s what you need to know.What just happened with Credit Suisse? ... All details available here ... But, the bank made a loss in 2021 and again in 2022 (its worst performance year since 2008), and had warned it did not expect to be profitable until 2024 ... He added ... .

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Credit Suisse bank: UBS said to be in takeover talks with troubled rival

RNZ 19 Mar 2023

By Kathryn Armstrong ... Regulators are trying to facilitate a deal before markets reopen on Monday ... It reported a loss of 7.3bn Swiss francs (NZ$13bn) in 2022 - its worst year since the financial crisis of 2008 - and has warned it does not expect to be profitable until 2024. UBS, however, made a profit of US$7.6bn (NZ$12.1bn) in 2022 ... - BBC ....

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