Slump
Asia: Markets slump as traders take profits, eye commodities’ spike
ASIAN markets suffered a downturn on Tuesday after racking up a series of gains as profit-takers stepped in, while traders were also spooked by a surge in commodity prices....
Under Armour forecasts downbeat annual sales and profit, shares slump
UNDER Armour forecast a surprise drop in annual sales and projected profit below analysts’ estimates on Thursday (May 16), as the apparel maker laid out a plan to simplify...
Warner Bros Discovery posts larger-than-expected loss on studio slump, weak ad market
WARNER Bros Discovery reported a larger-than-expected quarterly loss, as advertising sales slumped at its cable TV unit and the studio segment struggled with the twin effects of last year’s...
Tesla sends top executive back to China as sales slump worsens
TESLA is sending executive Tom Zhu back to China, where he led the carmaker’s entry into the country, The Wall Street Journal reported.Zhu, one of the company’s three named...
Mercedes earnings drop on model changeovers, EV slump
Mercedes-Benz Group’s earnings plummeted 34 per cent in the first quarter, weighed down by model changes and sluggish demand for electric vehicles.Adjusted group earnings before interest and tax dropped...
Nestle sales growth sputters on US slump, vitamin snags
NESTLE sales growth sputtered in the first quarter as the maker of Nespresso coffee was hit by cooler demand in North America and supply constraints at its vitamins unit.
Sales...
BNP Paribas beats estimates as lower costs offset trading slump
BNP Paribas (BNPP) beat first-quarter profit forecasts on Thursday (Apr 25) as lower costs and a robust performance in global banking helped to offset a steep fall in its...
Greenback recovers from PMI slump, yen closes in on 155 per dollar
THE US dollar regained some lost ground on Wednesday (Apr 24) following big falls against the euro and sterling the day before, while the yen remained mired near 34-year...
