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Tesla, Rivian drop on report Trump wants to end EV credit
US automaker stocks fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle (EV) adoption.Trump’s transition team has been discussing...
India’s Tata Motors posts surprise Q2 profit drop on weak sales
INDIA’S Tata Motors reported a surprise drop in second-quarter profit and its first revenue decline in 10 quarters on Friday (Nov 8), hurt by weakness in both its luxury...
DHLT posts 5.5% drop in distributable income to S$25.5 million for 9M FY2024
THE manager of Daiwa House Logistics Trust (DHLT) has recorded distributable income of S$25.5 million for the first nine months of FY2024, down 5.5 per cent from S$27 million...
FLCT posts 5.7% drop in H2 DPU to S$0.0332 despite higher revenue
THE manager of Frasers Logistics & Commercial Trust (FLCT) on Wednesday (Nov 6) reported a distribution per unit (DPU) of S$0.0332 for the second half ended September, down 5.7...
Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Saudi oil giant Aramco on Tuesday (Nov 5) reported a 15.4 per cent drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained its...
Huawei Technologies reports 13.7% drop in 9-month profit
CHINESE tech giant Huawei reported a drop in net profit despite a jump in revenue on Thursday (Oct 31) for the first nine months of the year, a statement...
Shell reports drop in Q3 net profit
BRITISH energy major Shell on Thursday (Nov 1) announced a sharp drop in net profit for the third quarter, as it was hit by lower oil prices and weaker...
Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook
OIL futures fell on Friday (Oct 18), declining more than 7 per cent on the week after data showed China’s economic growth slowed and investors digested a mixed Middle...
