Cuts
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 (Jul 25), Nissan slashed its operating profit outlook to...
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 dampened the carrier’s pricing power, sending its shares down...
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 customer orders did not improve and automotive demand declined.
The...
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 hydrogen projects next year, disappointing analysts who had expected...
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 time Berkshire discloses stock sales in China’s largest producer...
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 low cost of debt, say analystsAFTER two years of...
ECB policymakers back more rate cuts as inflation heads back to goal
TWO European Central Bank policymakers on Friday (Jul 19) backed further interest rate cuts, expressing greater confidence that inflation was heading to the ECB’s goal next year.
The ECB held...
Volvo Cars cuts full-year forecast citing tariffs, Q2 Ebit beats estimates
VOLVO Cars beat second-quarter operating earnings estimates on Thursday (Jul 18) but lowered its full-year retail sales forecast citing the impact of European tariffs on Chinese-made EVs that could...
