Slump
Mercedes-Benz car sales drop as China, EV slump take toll
MERCEDES-Benz Group car sales dipped last year as the German luxury-auto maker struggled with weak demand for pricey models in China and electric vehicles in Europe.
The 3 per...
Jefferies profit triples in sign dealmaking slump is ending
JEFFERIES Financial Group’s profit soared on a rebound in mergers and acquisitions (M&A ) and a surge in equity-trading revenue, signs that the multiyear dealmaking slump is coming to...
Jeju Air shares slump to record low after deadly plane crash
SHARES of South Korean budget carrier Jeju Air hit their lowest on record on Monday (Dec 30), after the country’s deadliest air crash killed 179 people.Jeju Air shares traded...
Toyota’s sales, output plateau as slump persists in Japan, China
TOYOTA Motor’s sales and production plateaued last month, buoyed by a slight rebound abroad after a prolonged slump in Japan.Global sales, including that of subsidiaries Daihatsu Motor and Hino...
Procter & Gamble doubles down on China’s TikTok to reverse sales slump
PROCTER & Gamble (P&G) has been revamping its marketing and line-up of influencers on fast-growing Chinese shopping app Douyin in recent months, helping its Pantene shampoo lead growth in...
Singapore shares slump at Thursday’s open; STI down 0.3%
SINGAPORE stocks were pulled into negative territory on Thursday (Nov 14) after global equities ended mixed overnight.As at 9.02 am, the Straits Times Index (STI) slid 12.62 points or...
US dollar roars with Bitcoin as Trump trades shine; euro and yuan slump
THE US dollar rose to a four-month peak versus major peers on Tuesday (Nov 12), while Bitcoin extended its record rally as investors continued to pile into trades seen...
Chinese EV makers see EU sales slump as tariff row deepens
CHINESE electric vehicle (EV) makers lost ground in Europe for a third straight month, in the latest sign that the move towards higher import tariffs is hurting sales.Chinese brands...
