LG Energy profits tumble 40% on waning battery-powered car sales
SLUGGISH demand for electric vehicles (EVS) haunted South Korean battery maker LG Energy Solution, dragging its profits down by almost ...
Tag: Profits
Porsche flags cost cuts as China weakness, slowing electric-vehicle shift hits profits
Luxury sportscar maker Porsche on Friday (Oct 25) warned it may cut costs after a slower-than-expected transition towards electric vehicles ...
China’s mega banks trim deposit rates as stimulus hits profits
CHINA’S largest state-owned lenders have cut their deposit rates on Friday (Oct 18), their second reduction this year as they ...
Blackstone’s credit arm is now its top business, fuelling profits
BLACKSTONE posted an increase in third-quarter profit as its credit arm was boosted by an influx of investor cash and ...
Asia refiners lament pricey Saudi oil as profits, Iran risk loom
In Singapore, Asia’s oil-pricing hub, margins for complex refineries fell to near parity last week, with yields hovering below seasonal ...
Hong Kong shares snap 6-day winning streak as investors take profits
HONG Kong stocks fell on Thursday (Oct 3) as investors took profits, ending a six-session rally fuelled by a flurry ...
US bank profits jump 11% in second quarter of 2024 as expenses shrink
THE US banking industry recorded profits of US$71.5 billion in the second quarter of 2024, up 11.4 per cent on ...
US bank profits jump but watchdog warns of stress
THE US banking industry recorded higher profits in the second quarter of 2024, but the Federal Deposit Insurance Corporation (FDIC) ...
China’s mega banks deliver on dividend pressure as profits fall
CHINA’S biggest lenders heeded calls from regulators to boost dividends and support markets even as earnings are under pressure from ...
Hong Kong’s bourse reports 3% drop in first-half profits, Q2 activities pick up
HONG Kong’s bourse operator said it’s cautiously optimistic for the year despite a 3 per cent drop in first-half profits ...
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