Drops
US: Wall Street drops over 1% after hot consumer prices data
WALL Street’s main stock indices tumbled on Wednesday (Apr 10) after a stronger-than-anticipated inflation reading dampened hopes of the Federal Reserve kicking off its monetary easing cycle in June.A...
Boeing 737 output drops on quality checks, more FAA audits: sources
BOEING 737 MAX jetliner production has fallen sharply in recent weeks as US regulators step up factory checks and workers slow the assembly line outside Seattle to complete outstanding...
Yen drops to weakest since 1990
THE yen slid to the weakest level in about 34 years against the US dollar, fanning speculation that Japan will step up its effort to slow the decline.The currency...
PSA International’s FY2023 net profit drops 6.3 per cent to S$1.5 billion on lower revenue
TEMASEK-OWNED port operator PSA International’s 2023 net profit dropped 6.3 per cent from the year before to S$1.5 billion. This came as its revenue for the full year fell...
CK Hutchison warns growth risks building after profit drops
CK HUTCHISON Holdings reported its steepest drop in profit since 2015 and struck a cautious tone for the year ahead as uneven growth and heightened geopolitical risks weigh on...
Adobe drops on weak forecast fuelled by AI competition fears
ADOBE dropped about 10 per cent in extended trading after giving a weak outlook for sales in the current quarter, fuelling concerns that new artificial intelligence (AI) focused startups...
CDL net profit drops 75% to S$317.3 million for 2023, targets S$1 billion in divestments
CITY Developments Ltd’s (CDL) net profit dropped 75 per cent to S$317.3 million in 2023, as higher financing costs ate into profits in the absence of divestment gains. This...
Best World Q4 net profit drops 15.2% to S$40.4 million on China’s sales decline, rising distribution costs
BEST World International posted a 15.2 per cent drop in net profit to S$40.4 million for the three months ended Dec 31, 2023, from S$47.7 million in the corresponding...
