Merck cuts annual profit forecast
Merck on Tuesday (Jul 30) cut its full-year earnings forecast, mainly due to one-time charges from its acquisition of eye-focused ...
Tag: Cuts
US cuts borrowing estimate, sees smaller year-end cash pile
THE US Treasury reduced its estimate for federal borrowing for the current quarter and projected the government’s cash buffer to ...
Bank of England may kick off slow cycle of interest rate cuts
THE Bank of England (BOE) is likely to warn investors not to expect a string of back-to-back interest rate cuts ...
The Bank of England gets a positive hint about rate cuts from service prices
SOME of the United Kingdom price indicators the Bank of England (BOE) is watching closely for signs of lingering inflation ...
Nissan global production cuts imperil CEO’s recovery plan
FOUR months into a three-year plan meant to reinvigorate Nissan Motor, chief executive officer Makoto Uchida is already struggling.On Thursday ...
American Airlines cuts annual profit forecast on pricing pressures
AMERICAN Airlines cut its annual profit forecast on Thursday (Jul 25) as uneven demand trends and overcapacity in certain markets ...
STMicro cuts full-year outlook for second time, shares tumble
CHIPMAKER STMicroelectronics (STM) cut its full-year revenue and margins guidance for a second time on Thursday (Jul 25) as industrial ...
Australia’s Fortescue to step up energy spending despite job cuts
AUSTRALIA’S Fortescue said on Thursday (Jul 25) it will increase spending on its energy division to advance several new green ...
Berkshire Hathaway cuts stake in China’s BYD to below 5%
WARREN Buffett’s Berkshire Hathaway reduced its stake in BYD to below 5 per cent, in what could be the final ...
S-Reits to hit ‘turning point’ in coming quarter amid expectations of interest rate cuts
However, S-Reits are likely to report lower year-on-year distributions in the upcoming earning season as listcos continue to refinance maturing ...
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