demand
China’s new loans post first drop in 13 years on weak demand
NEW loans extended by Chinese banks posted their first decline since 2011 last year, underscoring weak demand for financing in the economy plagued by lingering deflation and a housing...
BMW sales slide after brake fault recall, China demand slump
BMW car sales slipped last year as a costly recall compounded a slump in demand in China that’s hit Germany’s automakers hard.
Sales of the group’s cars, which also include...
Oil settles up 1% as cold weather in US, Europe drives winter fuel demand
OIL prices rose more than 1 per cent on Thursday (Jan 9) as cold weather gripped parts of the United States and Europe, boosting winter fuel demand.Brent crude futures...
LG Energy posts unexpected loss as EV demand slows; shares drop
BATTERY maker LG Energy Solution reported an unexpected loss – sending its shares down – as cooling demand for electric cars hurt sales. The South Korean company reported a...
Thai central bank rebuffs demand for steps to boost inflation
THAILAND’S central bank is comfortable with the outlook for subdued inflation as it focuses the monetary policy to ensure financial stability and economic growth amid rising uncertainties, a senior...
Oil prices ease as weak economic data offsets higher US winter storm heating demand
OIL prices eased in volatile trade on Monday (Jan 6) as some bearish economic news from the United States and Germany offset bullish support from a weaker US dollar...
iPhone maker Hon Hai Q4 sales beat expectations on strong AI demand
Nvidia and Apple assembly partner Hon Hai Precision Industry reported better-than-expected sales growth last quarter as the artificial intelligence (AI) infrastructure buildout continued apace.Hon Hai, also known as Foxconn,...
Tesla annual deliveries fall for first time as incentives fail to drum up demand
TESLA reported its first fall in yearly deliveries on Thursday as lucrative year-end incentives for the Elon Musk-led electric vehicle maker’s aging lineup and the new Cybertruck pickup failed...
This Doesn’t Look Like Suicide’: OpenAI Whistleblower Suchir Balaji’s Parents Suspect Murder, Demand FBI Probe as Elon Musk Backs Their Claims
An emotional video of Indian-origin techie Suchir Balaji's father has ignited a storm on social media. The grieving father revealed he was the last person to speak to his...
