demand
P&G misses quarterly sales estimates on weakening demand in US, China
PROCTER & Gamble missed Wall Street expectations for first-quarter sales on Friday (Oct 18), as consumers in its major markets, the US and China, switched to cheaper household and...
Volvo’s earnings drop as freight, construction demand wanes
VOLVO’S earnings have declined in the third quarter as the truckmaker struggled with slowing demand for heavy-duty rigs across most markets.Adjusted operating profit slipped to 14.1 billion Swedish kronor...
Swiss watch exports plunge as Chinese demand dries up
SWISS watch exports fell sharply in September as shipments to China dropped by half, putting more pressure on the European country’s struggling luxury sector.
Exports of Swiss timepieces and watch...
Amazon, Google tap into nuclear power to fuel data centers and AI push
Amazon on Wednesday announced plans to invest in nuclear power production to fuel its data centers with clean energy, a key part of the e-commerce giant’s push to expand...
LVMH sales fall 3% as China demand for luxury goods worsens
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 15), undershooting estimates in its first decline in quarterly sales since the pandemic...
Eurozone banks see rebound in loan demand as rates fall: ECB survey
DEMAND for bank loans across the 20-nation eurozone rose in the third quarter and a further increase is expected in the final three months of the year, with household...
IEA cuts 2024 oil demand growth view, sees surplus looming
THE International Energy Agency (IEA) on Tuesday (Oct 15) further cut its global oil demand growth forecast for this year citing weakness in China and said the market was...
China September rare earth exports curbed by rising domestic demand, prices
CHINA’S exports of rare earths minerals in September fell 11.5 per cent from August, customs data showed on Monday (Oct 14), as rising domestic demand and prices encouraged exporters...
