slumps

Nippon Steel slumps after Trump suggests US Steel investment
February 10, 2025
[ad_1] NIPPON Steel slumped the most in four months after a closely watched summit between US President Donald Trump and Japanese Prime Minster Shigeru Ishiba heightened uncertainty over the company’s...
Iron ore slumps on China property concerns, firmer supply
November 15, 2024
[ad_1] IRON ore futures declined to their lowest level in nearly two months on Friday (Nov 15) and fell for the week, weighed down by weakness in China’s property sector,...
Richemont profit slumps on weak China demand for luxury watches
November 8, 2024
[ad_1] RICHEMONT reported a slump in profit in the first half as the Swiss luxury group’s watchmaking division suffered from cooling demand in China. The Cartier owner reported 2.2 billion...
Audi Group profit slumps on China weakness, plant restructuring
November 5, 2024
[ad_1] VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China and a plant restructuring in Brussels dragged on returns. Operating...
SK On to cut workforce as battery demand slumps
September 27, 2024
[ad_1] South Korean battery manufacturer SK On Company plans to cut its domestic workforce as it looks to ride out the current downturn in global demand for battery electric vehicles...