Weak

IPhone maker Hon Hai’s October sales growth slows on weak demand
IPhone maker Hon Hai’s October sales growth slows on weak demand
November 5, 2024
It has raised concerns about demand momentum for both AI infrastructure and iPhonesApple’s major manufacturing partner Hon Hai Precision Industry reported its slowest monthly sales growth since February, stoking...
Greenback rebounds against most major units after weak jobs data; traders eye US election
Greenback rebounds against most major units after weak jobs data; traders eye US election
November 3, 2024
THE US dollar rose against the euro and rebounded against most major currencies on Friday (Nov 1) after traders digested data showing US job growth slowed sharply in October...
US: Stocks rise as market eyes Fed decision after weak jobs data
US: Stocks rise as market eyes Fed decision after weak jobs data
November 1, 2024
WALL Street stocks rose on Friday (Nov 1) following strong Amazon earnings and weak US jobs data that was seen as boosting the likelihood of Federal Reserve interest rate...
Hong Kong’s underwater mortgages hit 22-year high on weak market
Hong Kong’s underwater mortgages hit 22-year high on weak market
October 31, 2024
The value of negative-equity loans reached HK$207.5 billion in end-September, up from HK$155 billion in JuneTHE value of mortgages in Hong Kong that have exceeded the worth of the...
DHL cuts earnings outlook on weak B2B volumes
DHL cuts earnings outlook on weak B2B volumes
October 30, 2024
DHL cut its guidance for 2024 earnings before interest and taxes (Ebit) on Wednesday (Oct 30), citing continuously weak business-to-business mail volumes and lower-than-expected margins in its air freight...
Sinopec profits slump as oil refining suffers from weak economy
Sinopec profits slump as oil refining suffers from weak economy
October 28, 2024
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,...
Philips cuts annual sales outlook on weak demand from China
Philips cuts annual sales outlook on weak demand from China
October 28, 2024
Royal Philips slashed its sales-growth forecast for the year as tepid demand from China weighs on the Dutch medical technology firm’s orders.Philips expects comparable sales to grow as much...
Hasbro profit beats estimates as cost cuts offset weak toy demand
Hasbro profit beats estimates as cost cuts offset weak toy demand
October 24, 2024
HASBRO’S cost-saving efforts helped the Monopoly owner surpass Wall Street estimates for profit in the third quarter, despite weak consumer spending on toys driving a steeper-than-expected drop in sales. Toymakers...
Gucci-owner Kering posts 16% fall in Q3 sales on weak China demand
Gucci-owner Kering posts 16% fall in Q3 sales on weak China demand
October 23, 2024
FRENCH luxury goods group Kering warned on Wednesday its full-year operating income would almost halve after reporting a larger-than-expected drop in third quarter sales, as weak demand in China...
Heineken third-quarter beer volumes hit by weak Americas
Heineken third-quarter beer volumes hit by weak Americas
October 23, 2024
HEINEKEN reported worse-than-expected beer volumes due to declines in the Americas and Asia-Pacific as consumers failed to ramp up spending. The Dutch brewer said on Wednesday (Oct 23) that...