Challenges
US banks face climate risk data challenges, Fed analysis shows
US BANKS face significant data and modeling challenges in predicting the impact of climate change on their loan books, the Federal Reserve said on Thursday after its first analysis on the...
Nissan upbeat on annual profit despite challenges
JAPAN’S Nissan Motor expects to beat analyst estimates with a 5.5 per cent rise in operating profit this fiscal year on higher global sales, it said on Thursday (May...
TikTok challenges potential US ban in court
TIKTOK and its Chinese parent company ByteDance filed a legal challenge against the United States on Tuesday, taking aim at a law that would force the app to be...
Michelin challenges EU’s hunt for evidence of tyre cartel
MICHELIN is challenging the legality of European Union antitrust raids on its facilities as regulators swept across the tyre industry for evidence of a suspected price-fixing cartel.
The French firm...
Vietnam EV maker VinFast’s challenges escalate risk for parent Vingroup
AS VIETNAM’S biggest conglomerate Vingroup doubles down on its electric vehicle business with ambitious global expansion plans, it faces growing financial risks stemming from loss-making unit VinFast Auto.VinFast’s rapid...
Lululemon falls on cautious outlook, challenges in US market
LULULEMON Athletica offered a sales outlook for the first quarter and full year that fell short of Wall Street’s expectations, driving shares down in extended trading. The company sees...
Nationwide challenges UK’s big banks with US$3.7 billion Virgin Money bid
BRITAIN’S Nationwide Building Society has agreed to buy Virgin Money UK in a potential US$3.7 billion all-cash deal to create the country’s second-largest savings and mortgage provider. The proposed...
Apple’s 10 biggest challenges, from AI to China
APPLE, once the undisputed king of the technology world, is now under attack on many fronts. Chinese demand for its products is cooling. The company’s money-spinning App Store is...
