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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, as the group awaits a new…
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 banking…
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…
It will start negotiations on additional reductions in the second half of this year [Stuttgart] Porsche warned its employees to brace for further cost reductions as the luxury-car…
Tesla’s shares fell 7.5% at US$291.50, having lost more than 21% so far this year Traders are set to make about US$1.4 billion in paper profits from their short positions in Tesla…
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…
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…
Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest data Swiss watch exports dropped by almost 10 per cent in May led by a slump in…
The state-owned oil firm will also freeze promotions and hiring until December 2026 — The company will reduce headcount by more than 5,000…
Tesla’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as chief executive officer Elon Musk pledges to renew his focus…
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser said, as the world’s biggest oil exporter raised US$5…
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser said, as the world’s biggest oil exporter raised US$5…
Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results. Sales will be about US$45 billion in…
A slump in travel demand due to President Donald Trump’s trade war has left all US airlines reeling, but the pain is most acute at budget carriers. Southwest, Frontier and JetBlue all saw…
Volvo Cars reported on Monday (May 5) an 11 per cent decrease in April sales to 58,881 cars from a year earlier, sending its shares down. Volvo Cars, which is majority-owned by…
The US dollar posted its worst month since 2022 after global investors cut back on US assets, with options markets still flashing warning signals. A gauge of the greenback is down around 4…
PARIS — Is it the inflection point for Swiss watches? Exports in March grew by 1.5 percent in value to 2.1 billion Swiss francs despite a 4.8 percent slump in volume, according to figures…
Tesla‘s electric-vehicle registrations in California dropped 15.1% during the first quarter, industry data showed, signaling an accelerated decline and growing challenges for the Elon…
The company is expected to report an underlying loss of A$79.5 million for the six months ended Dec 31, according to Visible Alpha consensus estimates CASINO operator Star Entertainment…
Home Depot broke a two-year slump in same store sales during the fourth quarter as customer demand improved in a housing market that has been buffeted by soaring mortgage rates and a…
PROFITS for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of US tariffs on two major oil suppliers threatens to make the refining business even worse. Exxon…
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand and higher costs tied to a factory expansion. Profit…
MERCEDES-Benz Group car sales dipped last year as the German luxury-auto maker struggled with weak demand for pricey models in China and electric vehicles in Europe. The 3 per cent decline…
JEFFERIES Financial Group’s profit soared on a rebound in mergers and acquisitions (M&A ) and a surge in equity-trading revenue, signs that the multiyear dealmaking slump is coming to an…
