Slump
US dollar roars with Bitcoin as Trump trades shine; euro and yuan slump
[ad_1] THE US dollar rose to a four-month peak versus major peers on Tuesday (Nov 12), while Bitcoin extended its record rally as investors continued to pile into trades seen...
Chinese EV makers see EU sales slump as tariff row deepens
[ad_1] CHINESE electric vehicle (EV) makers lost ground in Europe for a third straight month, in the latest sign that the move towards higher import tariffs is hurting sales.Chinese brands...
Sinopec profits slump as oil refining suffers from weak economy
[ad_1] SINOPEC’s third-quarter profits contracted as China’s biggest oil refiner increasingly finds itself under pressure from the nation’s economic woes and embrace of electrified transportation.
China Petroleum & Chemical Corp,...
Whirlpool reaffirms forecast despite pre-election sales slump
[ad_1] WHIRLPOOL, the owner of Maytag, rose in late trading on Wednesday (Oct 23) after reporting better than expected earnings, and reaffirming its full-year sales forecast.The results show that things...
Stellantis workers march in Italy over production slump
[ad_1] Thousands of Stellantis workers went on strike Friday and protested in Rome over temporary layoffs and production stoppages by the maker of Fiat and Jeep in Italy.Unions called the...
Battery maker LG Energy profit declines as global EV sales slump
[ad_1] THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit falling almost 40 per cent.Operating profit for three months...
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