demand
Opec again lowers 2024, 2025 global oil demand growth view
OPEC on Tuesday (Sep 10) cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next...
BMW trims 2024 profit margin on technical issues, weak China demand
Technical actions related to its integrated braking systems will result in additional warranty costs in a high three-digit million amount in the third quarter, it saysBMW trimmed its profitability...
TSMC’s August revenue climbs 33% as AI chip demand holds up
TAIWAN Semiconductor Manufacturing Company’s (TSMC) revenue rose 33 per cent in August. Its sales reached NT$250.9 billion (S$10.2 billion), slowing from the previous month’s 45 per cent growth pace.Still,...
China oil products demand peaked in 2023, with decline to accelerate, researcher says
OIL products demand in China, long the driver of global crude consumption, peaked in 2023 and is projected to decrease by 1.1 per cent annually between 2023 and 2025,...
Point-to-point fares, earnings have ‘moderated’ as supply outstrips demand: Amy Khor
DRIVERS’ earnings in Singapore’s point-to-point (P2P) transport sector – including taxis and private hire cars (PHCs) – have fallen, as supply has risen more than demand, Senior Minister of...
Gucci-owner Kering slumps to seven-year low on China demand fears
Chinese consumers are turning to brands with higher levels of desirability or exclusivity, Barclays analysts say FRENCH fashion designer Kering slumped to a seven-year low on worries about demand...
Oil prices hold at 14-month low as demand worries offset big US storage withdrawal
OIL prices held at a 14-month low on Thursday as worries about demand in the US and China and a likely rise in supplies out of Libya offset a...
Foxconn’s August sales climb 33% on AI demand
HON Hai Precision Industry’s revenue rose 33 per cent in August, accelerating from the previous month thanks to demand for servers powering AI applications.
Apple’s main manufacturing partner, also known...
