Shiseido faces tough turnaround after costly cosmetics stumbles
The company has embraced a turnaround plan that involves drastic cost-cutting and a refocus on its luxury brands Shiseido, once a formidable challenger to L’Oreal and Estee Lauder…
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Costly
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model UBS on Monday (Jan 12) rejected government proposals to strengthen…
Musk’s X posts higher sales amid costly turnaround
Sales at Elon Musk’s X jumped during the third quarter, but the social network is still dealing with significant costs – including from the firm’s restructuring – as the billionaire works…
China’s Didi Q3 revenue up 8.6% as costly overseas expansion accelerates
The company has accelerated overseas investment this year, notably expanding food delivery to additional cities Didi Global reported an 8.6 per cent rise in third-quarter revenue on…
Mega-IPO’s 70% fall towards delisting is costly blow for Malaysia
When Facebook went public in 2012, the world’s next-largest listing that year was a company from Malaysia best known for producing cooking oil. Morgan Stanley, JPMorgan Chase and Deutsche…
China shuns costly LNG imports even as summer power demand rises
Sweltering temperatures are pushing up appetite for electricity in China, just not yet enough to revive the country’s spot purchases of costly liquefied natural gas (LNG). Traders hoping…
Trump’s Cruel and Costly Budget Bill Just Got Even Worse
But the Senate is supposed to know better. George Washington reputedly said that the Senate, being less responsive to popular passions than the House, was like the saucer into which one…
Volkswagen faces more costly walkouts as union talks enter fourth round
VOLKSWAGEN (VW) workers are poised to walk off their jobs for a second time this month on Monday (Dec 9) as management and labour leaders enter a fourth round of talks over painful cuts at…
Mexico's costly Maya Train draws few passengers in its first six months of partial operation
MEXICO CITY (AP) — The pet rail project of President Andrés Manuel López Obrador could wind up costing as much as $30 billion, is only half finished as he heads into the final two months…