Slump
Gucci owner Kering posts 46% profit slump before new CEO arrives
[ad_1] [PARIS] French luxury group Kering reported on Tuesday a 46 per cent plunge in net profit during the first half, with sales slumping again at its flagship Gucci brand,...
Deutsche Bank beats profit expectations despite deal slump, strong euro
[ad_1] [FRANKFURT] Deutsche Bank returned to a better-than-expected profit in the second quarter from a loss a year ago as trading earnings helped offset mixed results at its global investment...
Thailand’s tourism slump and household debt weigh on its lenders
[ad_1] [BANGKOK] Thailand’s banks are grappling with weak lending amid high household debt, slowing tourism and sluggish consumer spending that risk dampening their outlook for the rest of the year.
The...
Porsche plans more cost cuts to counter tariffs, China slump
[ad_1] It will start negotiations on additional reductions in the second half of this yearPublished Fri, Jul 18, 2025 · 09:39 PM[Stuttgart] Porsche warned its employees to brace for further...
Tesla short sellers set to pocket about US$1.4 billion in profits after stock slump
[ad_1] Tesla’s shares fell 7.5% at US$291.50, having lost more than 21% so far this yearPublished Mon, Jul 7, 2025 · 10:55 PM[NEW YORK] Traders are set to make about...
Tesla reports lower car sales, extending slump
[ad_1] [NEW YORK] Tesla reported another hefty drop in auto sales on Wednesday, extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk’s political activities.The...
Thailand’s Minor International leans on Europe to weather country’s tourism slump
[ad_1] [BANGKOK] Thailand’s flagging tourism sector, weighed down by a sharp drop in Chinese tourist arrivals, is hurting local hotel operators but the country’s hospitality giant Minor International (Mint) is...
Swiss watch exports slump in May as US tariffs shake market
[ad_1] Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest dataPublished Thu, Jun 19, 2025 · 04:06 PM[ZURICH] Swiss watch exports dropped...
Malaysia’s Petronas to cut more than 5,000 jobs after profits slump
[ad_1] The state-owned oil firm will also freeze promotions and hiring until December 2026Published Thu, Jun 5, 2025 · 05:46 PM — Updated Thu, Jun 5, 2025 · 06:12 PMThe...
Tesla’s China shipments extend slump, bucking broader sales boom
[ad_1] Published Wed, Jun 4, 2025 · 07:43 PM[HONG KONG] Tesla’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as chief...
