Slowdown
Gucci sales to plunge 20% in first quarter on Asia slowdown, Kering says
KERING warned that sales at Gucci will plunge about 20 per cent in the first quarter due to a steeper-than-expected decline in the Asia-Pacific region, widening the gap between...
Expect lower NIMs, slow loan growth in 2024 amid global growth slowdown: OCBC CEO
SINGAPORE’S second-largest lender OCBC will likely post lower net interest margins (NIMs) and slow loan growth in 2024 amid a global growth slowdown, said OCBC group chief executive Helen...
Sinarmas Land’s H2 net profit down 24.6 per cent; further slowdown expected this year
SINARMAS Land posted on Tuesday (Feb 27) a net profit of S$163 million for the six months ended Dec 31, 2023, a 24.6 per cent drop from the S$216.1...
Sinarmas Land’s H2 net profit down 24.6%; further slowdown expected this year
SINARMAS Land posted on Tuesday (Feb 27) a net profit of S$163 million for the six months ended Dec 31, 2023, a 24.6 per cent drop from the S$216.1...
Mercedes-Benz says plug-in hybrids to ‘stay relevant’ amid EV demand slowdown
MERCEDES-BENZ expects lower returns on sales across its cars and vans division this year, it said on Thursday (Feb 22), flagging “exceptional” uncertainty caused by conflict in the Middle...
Mercedes-Benz to update combustion engine cars amid EV demand slowdown
MERCEDES-BENZ on Thursday (Feb 22) toned down expectations on EV demand and said it will update its combustion engine lineup well into next decade, becoming the latest carmaker to...
Swiss watch exports struggle as luxury slowdown persists
SWISS watch exports rose modestly in January as growth slowed and weak demand for luxury and mid-priced watches dragged on the sector. Monthly exports increased 3.1 per cent to...
Japan carmakers forge ahead with EV investments despite slowdown
JAPAN’S carmakers are keeping their foot on the accelerator when it comes to investing in electric vehicles (EVs). Yes, EV sales growth is slowing, executives have said this earnings...
