Lifestyle
KKR profit soars 49% on improving asset sales, beating estimates
KKR & Co posted a second-quarter profit that beat Wall Street estimates as the buyout firm generated more income than expected from selling assets.
Adjusted net income climbed 49 per...
Lufthansa sees earnings slump in third quarter as costs rise
LUFTHANSA warned of a fall in third-quarter earnings on Wednesday (Jul 31) as the German airlines group grapples with higher wage costs and a squeeze on ticket prices.
Airfares around...
Adidas says Q2 sales excluding Yeezy rose in North America
ADIDAS said on Wednesday (Jul 31) its second-quarter revenues in North America, excluding sales of the Yeezy line, rose from last year driven by growth in both wholesale and...
Danone sales beat forecasts amid strong Asia demand
DANONE said customers are back buying more expensive branded goods as cost-of-living pressures ease and some Asian markets recover.
The French yogurt maker said like-for-like sales increased 4 per cent...
Commonwealth Bank tops BHP to become biggest Australian firm
COMMONWEALTH Bank of Australia has shot past the world’s biggest miner BHP Group and is now the country’s most valuable company.The lender’s market capitalisation hit a record high of...
China regional banks exposed to bond reversal as PBOC sales loom
CHINA’S regional lenders are facing growing risks in the nation’s US$4.3 trillion sovereign debt market after an unprecedented bond rally this year prompted a slew of warnings from the...
Pinterest forecasts downbeat revenue as competition grows; shares slump
PINTEREST forecast current-quarter revenue below Wall Street expectations on Tuesday (Jul 30) as the image-sharing platform faces tough competition in a stabilising digital advertising market, sending its shares down...
China’s earnings recovery stumble to test conviction calls
THE current earnings season is shaping up to be another letdown for Chinese stock investors, eroding the case for a turnaround in the slumping market.Profit warnings issued by mainland-listed...
