Sees
India’s Adani Group sees US$22 billion in value wiped off after US indictments
[ad_1] SHARES of Adani Group companies lost about US$22 billion in market value in early trade on Thursday (Nov 21) after US prosecutors charged the billionaire chairman of the Indian...
Delivery Hero sees 2024 earnings at low end of previous forecast
[ad_1] DELIVERY Hero tempered profit expectations for the year, a sign of strain in the company’s strategic overhaul in the competitive food delivery market.
The German firm reported third-quarter figures roughly...
Bulgari CEO sees China luxury market recovering in next two years
[ad_1] CHINA’S luxury market may recover in the next 24 months as the country’s economy bounces back, Bulgari chief executive officer Jean-Christophe Babin said. The LVMH-owned jeweller has seen a...
UPS sees profit growth for first time in nearly 2 years
[ad_1] United Parcel Service (UPS) returned to sales and profit growth for the first time in nearly two years as the company benefited from higher volumes, more profitable packages, and...
ASML chief sees US pressure building for more China restrictions
[ad_1] ASML Holding chief executive officer Christophe Fouquet expects pressure will grow from the US to further restrict sales of semiconductor technology to China, the biggest market for the Dutch...
Vietnam Premier Sees 2025 Economic Growth at 6.5% to 7%
[ad_1] (Bloomberg) -- Vietnam Prime Minister Pham Minh Chinh projects the nation’s economy will grow 6.5% to 7% in 2025 and says the government will push for expansion of 7%-7.5%,...
Levi CFO sees a Dockers sale happening in six to nine months
[ad_1] LEVI Strauss is getting interest in its Dockers brand from potential buyers, according to chief financial officer Harmit Singh. “Phones are ringing, which is good news,” Singh said, adding...
Fed’s Raphael Bostic sees no need to rush on rate cuts
[ad_1] ATLANTA Federal Reserve Bank of Atlanta president Raphael Bostic on Friday (Oct 18) made the case for patient reductions in the central bank’s policy rate to somewhere between 3...
IEA cuts 2024 oil demand growth view, sees surplus looming
[ad_1] THE International Energy Agency (IEA) on Tuesday (Oct 15) further cut its global oil demand growth forecast for this year citing weakness in China and said the market was...