Business
ANZ flags A$1.1 billion second-half profit hit from restructuring, compliance costs
Australia’s ANZ warned on Friday that its earnings would take a hit of A$1.11 billion (S$937.5 million) after tax in the second half of…
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costs
Business
Meta forecasts bigger capital costs next year, US$16 billion tax charge guts Q3 profit
Meta forecast “notably larger” capital expenses next year, thanks to investments in AI, and recorded a nearly US$16 billion one-time…
Business
UBS Q3 profit beats expectations as investment banking rebounds, legal costs ease
UBS Group profit beat expectations in the third quarter as investment banking revenue and lower-than-forecast legal costs boosted…
Business
Air New Zealand warns of first-half loss as weak bookings and rising costs bite
AIR New Zealand on Wednesday warned it would report a first-half loss after soft local economic conditions dented expectations for a…
Business
S-Reits expected to deliver stable Q3 earnings on easing debt costs
More Singapore-listed real estate investment trusts are expected to deliver year-on-year DPU growth helped by a decline in average…
Business
Citi revenue beats in every division as compensation costs climb
Citigroup beat Wall Street revenue estimates across all five of its major business lines, a haul that’s helping the firm manage rising…
Business
BMW cuts annual guidance on weak China sales, tariff costs
The slack demand for luxury EVs is hitting automakers already dealing with muted growth in Europe and duties in the US BMW lowered its…
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The High Costs of Forever QE | National Review
It amplifies the temptation to overspend in turbulent times. Source link
Business
Bosch to cut 13,000 jobs to bring down costs in tough autos market
Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from…
Business
Fed funds rate seen edging higher within range as costs rise
The effective federal funds rate, which has held near the bottom of the US Federal Reserve’s target range for its benchmark over the past…
Business
PC Partner proposes delisting from Hong Kong to strengthen operations, lower costs
This will leave the company with just its primary listing on the Singapore Exchange Electronic company PC Partner Group has proposed a…
Business
Higher operating costs are a stone in the shoe – even for the rich eyeing family offices
These ultra-high-net-worth investors are turning to banks which offer alternative ways of managing their wealth The compliance costs…
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AI driving efficiency up and costs down at creative agencies: advertising mogul Martin Sorrell
Artificial intelligence (AI) is sweeping across the advertising and marketing industry – and challenging the traditional agency model…
Business
Ikea to drive China furniture costs lower as price war deepens
Ikea pledged to keep prices lower at its China stores, as the world’s largest furniture retailer courts thriftier buyers and seeks to fend…
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Taiwan’s life insurers see big drop in currency hedging costs
The Taiwan dollar’s recent weakness and the resulting return of carry trades are quickly driving down local life insurers’ hedging costs.…
Business
IHH Healthcare Q2 net profit falls 28.9% on higher staff costs
Integrated healthcare provider IHH Healthcare posted a 28.9 per cent drop in net profit to RM443 million (S$134.7 million) for its second…
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Starbucks throttles operations at US coffee plants to curb costs
The Starbucks plants that roast and package the company’s coffee beans in the US are cutting two days of weekly production as part of…
Business
Stablecoin growth is hampered by nagging foreign exchange costs
Even as stablecoins enter a period of peak expectations, veterans in wider fintech circles see limitations to the tokens as an emerging…
Business
Meta to share AI infrastructure costs via US$2 billion asset sale
Meta Platforms is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power…
Business
Merck to cut jobs and costs as demand for Gardasil in China remains weak
Drugmaker Merck on Tuesday (Jul 29) announced job and cost cuts it said will save US$3 billion a year as it posted lower second-quarter…
Business
HKMA to cut costs, freeze hiring as city battles deficit: report
Hong Kong’s de-facto central bank is planning to cut costs next year, according to a local news report, as the city takes steps to reduce…
Business
VW cuts outlook after US tariffs added 1.3 billion euros in costs
Volkswagen lowered its financial outlook for the year, with the escalating cost of President Donald Trump’s tariffs weighing on earnings…
Business
Qian Hu posts 87.7% fall in H1 profit on higher costs
Mainboard-listed integrated fish service provider Qian Hu on Friday (Jul 18) reported a net profit of S$30,729 for its first half ended…
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BHP delays Jansen potash project as costs surge; logs record copper output
BHP Group flagged delays and cost overruns of about 30 per cent for its key Jansen Stage 1 potash project on Friday (Jul 18), even as the…