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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 euros…
RESTAURANT Brands missed estimates for quarterly revenue on Tuesday (Nov 5) due to weak demand across key businesses such as Tim Hortons, Burger King and international markets including…
(Bloomberg) -- The diesel market in India is losing momentum as the economy expands at a slower pace and consumption patterns shift in the world’s third-largest oil importer. Most Read…
MARRIOTT International cut its annual profit forecast on Monday (Nov 4) as weak domestic travel in China overshadows strong group and international demand, sending its shares down 3.4 per…
INDIA is overhauling the way it forecasts electricity demand to ensure generation capacity matches what’s needed and the grid remains stable with increasing volumes of clean energy. The…
New York state officials recently euthanized Peanut, a well-known squirrel with a substantial social media following, sparking widespread public outrage. Peanut, who rose to fame for his…
Royal Philips slashed its sales-growth forecast for the year as tepid demand from China weighs on the Dutch medical technology firm’s orders. Philips expects comparable sales to grow as…
INDIA’S Adani Wilmar reported a profit for the second quarter on Thursday (Oct 24), buoyed by higher demand for its edible oils and food segments. The company reported a consolidated net…
An uptick in demand for electronics used in vehicles and mobile phones boosted profit for the company 3M Co raised the lower end of its full-year adjusted profit forecast on Tuesday (Oct…
RATINGS agency Moody’s raised its full-year adjusted profit forecast above Wall Street estimates and posted a nearly 31 per cent rise in third-quarter earnings on Tuesday (Oct 22), on…
HOLIDAY Inn owner InterContinental Hotels Group (IHG) reported a sharp slowdown in room revenue growth in the third quarter as weak demand in China and a subdued US market overshadowed a…
GLOBAL oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, according to the International Energy Agency (IEA). “This year,…
A dense network of global traders allows businesses to source from alternative markets directly from the Republic when needed AS GEOPOLITICAL tensions divide the world, connector countries…
OIL futures fell on Friday (Oct 18), declining more than 7 per cent on the week after data showed China’s economic growth slowed and investors digested a mixed Middle East outlook. Brent…
PROCTER & Gamble missed Wall Street expectations for first-quarter sales on Friday (Oct 18), as consumers in its major markets, the US and China, switched to cheaper household and personal…
Amazon on Wednesday announced plans to invest in nuclear power production to fuel its data centers with clean energy, a key part of the e-commerce giant’s push to expand AI-powered…
3 min read Last Updated : Oct 16 2024 | 12:05 AM IST We have received a show-cause notice (SCN) alleging willful mis-declaration with intent to evade duty, in a matter of classification.…
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 15), undershooting estimates in its first decline in quarterly sales since the pandemic as demand…
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 heading for a…
INVESTORS in French luxury group LVMH are eager for signs that China’s new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their funk, inspiring…
TAIWAN Semiconductor Manufacturing Company (TSMC), the main producer of advanced chips used in artificial intelligence (AI) applications, is expected to report a 40 per cent leap in…
The statement came after Indian stocks exchanges sought clarifications from Star. | Photo: X@StarHealthIns 2 min read Last Updated : Oct 12 2024 | 7:52 PM IST Star Health, India's biggest…
3 min read Last Updated : Oct 10 2024 | 11:19 PM IST In an analyst call on Thursday, Tata Consultancy Services Chief Executive Officer K Krithivasan elaborated that cost optimisation,…
3 min read Last Updated : Oct 07 2024 | 12:19 AM IST Fast-moving consumer goods (FMCG) makers are likely to report a single-digit uptick in volumes amid “stable” demand trends in the…
