Cost
Volkswagen says cost cuts not tariffs will protect Europe from Chinese EVs
VOLKSWAGEN (VW) said higher import tariffs for Chinese-made electric vehicles (EVs) in the European Union will offer only a short respite, with lower costs necessary to stay competitive over...
EC World Reit Q1 calculated DPU down 19.8% to S$0.00904 on lower revenue, higher financing cost
EC WORLD Real Estate Investment Trust’s : BWCU 0%(EC World Reit) calculated distribution per unit (DPU) fell 19.8 per cent to 0.904 Singapore cent for the first quarter ended...
Vietnam’s banks face borrowing cost rise as deposits dip
VIETNAM’S banks face higher borrowing costs after deposits in the country’s banking system registered a first monthly decline in more than two years, while inflation is rising.
Banks are responding...
Deutsche Bank raises Postbank pay by 12.5% in new cost headwind
Deutsche Bank has agreed to increase salaries by 12.5 per cent for a large swathe of its German staff, adding to cost pressures for chief executive officer Christian Sewing.Roughly...
Pfizer lifts 2024 profit view on cost cuts, higher Covid vaccine demand
PFIZER lifted its annual profit forecast on Wednesday (May 1), banking on cost cuts and better-than-expected demand for its Covid antiviral treatment and vaccine.The US drugmaker’s shares rose nearly...
GoTo narrows Q1 loss to 420 billion rupiah with TikTok deal, cost cuts
INDONESIA’S GoTo Group slashed losses to 420 billion rupiah (S$35.2 million) for the three months to Mar 31 – a fraction of its year-ago 2.8 trillion rupiah loss. This...
UPS profit beats estimates as cost cuts offset weak delivery demand
UNITED Parcel Service reported first-quarter profit above estimates on Tuesday (Apr 23) as cost cuts partly offset subdued demand for small-package delivery, sending its shares up 3.5 per cent...
Google lays off employees, shifts some roles abroad amid cost cuts
ALPHABET-OWNED Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday (Apr 17), marking the latest cuts at the technology giant as it cracks...
