Philips cuts annual sales outlook on weak demand from China
Royal Philips slashed its sales-growth forecast for the year as tepid demand from China weighs on the Dutch medical technology ...
Tag: Cuts
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 ...
Hasbro profit beats estimates as cost cuts offset weak toy demand
HASBRO’S cost-saving efforts helped the Monopoly owner surpass Wall Street estimates for profit in the third quarter, despite weak consumer ...
Apple sharply cuts back on Vision Pro production: report
APPLE has sharply scaled back its Vision Pro production since early summer and could stop making the existing version of ...
TSMC cuts off client after discovering chips sent to Huawei
TAIWAN Semiconductor Manufacturing Company (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei ...
Hilton cuts 2024 room revenue growth forecast on slowing consumer spending
HILTON Worldwide lowered its annual room revenue growth and net income forecasts as steady demand in Europe and business travel ...
TSMC cuts off client after discovering chips diverted to Huawei
TAIWAN Semiconductor Manufacturing Co (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei ...
Most base metals rise on China lending rate cuts, stimulus hopes
MOST nonferrous metals rose on Monday (Oct 21), buoyed by lending rate cuts in top consumer China and expectations of ...
Euro parity threat is back on Trump tariffs risk, ECB cuts
The risk of the euro sliding to parity with the US dollar is mounting in financial markets after last week’s ...
Fed’s Raphael Bostic sees no need to rush on rate cuts
ATLANTA Federal Reserve Bank of Atlanta president Raphael Bostic on Friday (Oct 18) made the case for patient reductions in ...
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