Slump
Sinopec profits slump as oil refining suffers from weak economy
SINOPEC’s third-quarter profits contracted as China’s biggest oil refiner increasingly finds itself under pressure from the nation’s economic woes and embrace of electrified transportation.
China Petroleum & Chemical Corp,...
Whirlpool reaffirms forecast despite pre-election sales slump
WHIRLPOOL, the owner of Maytag, rose in late trading on Wednesday (Oct 23) after reporting better than expected earnings, and reaffirming its full-year sales forecast.The results show that things...
Starbucks suspends 2025 guidance after another sales slump
STARBUCKS pulled guidance for 2025 after sales plunged for a third consecutive quarter, calling attention to the scope of the problems facing new chief executive officer Brian Niccol.The coffee...
Automakers are mired in first Europe sales slump in two years
CAR sales in Europe fell in September for the first consecutive monthly decline in more than two years as the region’s economy continued to stagnate and consumers trimmed spending.New...
Battery maker LG Energy profit declines as global EV sales slump
THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit falling almost 40 per cent.Operating profit for three months...
Bank Indonesia says it’s ready to intervene after rupiah slump
INDONESIA’S central bank said it’s ready to step in to support the rupiah that’s in its longest losing streak since 2023.Bank Indonesia (BI) is prepared to intervene in the...
Bank Indonesia intervenes in FX markets after rupiah slump
Bank Indonesia is intervening in the spot, domestic non-deliverable forwards and bond markets to maintain the balance of currency supply and demandIndonesia’s central bank is stepping into the market...
Rolls-Royce sees demand for bespoke cars offsetting China slump
ROLLS-ROYCE Motor Cars’ chief executive officer said rising demand for personalised vehicles is helping the British luxury-car maker counter weakening sales in China.The luxury market in the world’s second-largest...
