woes
Australian lender ANZ launches structural overhaul amid regulatory woes
ANZ Group has unveiled an organisational overhaul, with an aim to streamline operations and enhance data analytics, the Australian lender said on Wednesday (Oct 30) as it sought to...
IBM posts soft revenue growth as consulting woes continue
INTERNATIONAL Business Machines (IBM) reported underwhelming sales as the company grapples with a slowdown in consulting demand.Sales increased 1 per cent to US$15 billion, slightly missing the average estimate...
Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook
OIL futures fell on Friday (Oct 18), declining more than 7 per cent on the week after data showed China’s economic growth slowed and investors digested a mixed Middle...
China woes drag down Pernod Ricard first quarter sales
FRENCH spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first quarter sales, caused...
UK’s JD Sports shrugs off Nike woes with multi-brand approach
Other labels such as Adidas, On and Hoka are helping the company outperform the market, chief executive saysBRITISH sportswear retailer JD Sports Fashion is confident it will meet annual...
Titanic builder Harland & Wolff to appoint administrators as debt woes deepen
It will cut jobs in its non-core and certain central support areas, without specifying the number of roles affectedHarland & Wolff said on Monday (Sep 16) it plans to...
SIAEC in the cross hairs of Malaysian ire highlights aviation MRO sector’s deepening woes
Skilled worker and spare parts shortages causing challenges and friction, including unfounded allegations of staff poachingTHE recent woes at Malaysia’s national carrier have put Singapore-listed SIA Engineering Company (SIAEC)...
Iron ore tumbles back below US$100 as China property woes deepen
THE price of iron ore fell back below US$100 a tonne to snuff out a rebound, as pessimisim over China’s economic prospects weighed on industrial commodities.The steelmaking material rose...
