Shipping giant Maersk posts profit beat and raises guidance

Shipping giant Maersk posts profit beat and raises guidance

The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California.  Justin Sullivan | Getty Images Danish shipping giant Maersk on Thursday posted stronger-than-expected second-quarter operating profit, citing continued focus on operational improvements despite unprecedented geopolitical volatility. The company, widely considered a barometer of global trade, reported…

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Asia chipmakers wobble after Trump’s ‘100% tariffs’ on semiconductors

Asia chipmakers wobble after Trump’s ‘100% tariffs’ on semiconductors

Asia semiconductor-related stocks traded mixed Thursday after U.S. President Donald Trump announced he would impose a 100% tariff on chip imports, with an exemption for companies that are “building in the United States.” Details on how much domestic manufacturing is required to qualify for the exemption remain unclear. Japanese semiconductor manufacturer Tokyo Electron fell over…

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