Business
Pinterest forecasts downbeat revenue as it battles for digital ad dollars; shares plunge
EREST forecast first-quarter revenue below estimates on Thursday, underscoring the image-sharing platform’s ongoing struggle to compete…
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Business
Europe: Stoxx 600 rebounds in broad based gains; Stellantis plunge drags auto stocks
Europe’s benchmark share index rose on Friday (Feb 6) in a largely broad-based rebound from the prior session’s losses, as investors…
Business
SGX-listed gold-linked counters fall on precious metal’s decade-worst plunge
Market watchers expect volatility in the yellow metal to continue in the near term After a sharp correction that saw gold shed as much as…
Business
Gold and silver plunge as wild swings rock metals markets
With gold and silver jumping so much already this year, some technical indicators flashed warning signs Gold suffered its biggest slide in…
Business
Indonesian equities plunge after MSCI flags ownership, free float concerns
Global index provider cites persistent ‘fundamental investability issues’ and concerns over coordinated efforts to distort prices Jakarta…
Business
Danish ISS shares plunge on concerns over its role in deadly Hong Kong apartment fire
ISS shares slumped in Copenhagen amid concerns over the Danish company’s role in the renovation of a Hong Kong apartment fire where a…
Business
Crypto’s retail traders hit hard as Strategy ETFs plunge 80%
Retail investors who piled into Michael Saylor’s grand Bitcoin experiment are paying a heavy price. Strategy, the company once hailed for…
Business
Plunge in Asia’s AI shares sows doubts over world-beating rally
The region’s sharpest decline since April – triggered by a tech-led sell-off on Wall Street – has refocused attention on cracks beneath…
Business
UOB shares plunge as much as 4.6% after Q3 profit tumbles
Shares of UOB plunged as much as about 4.6 per cent on Thursday (Nov 6) after it reported a 72 per cent drop in net profit. The counter…
Business
UOB shares plunge as much as 4.6% after Q3 profit tumble
Shares of UOB plunged as much as about 4.6 per cent on Thursday (Nov 6) after it reported a 72 per cent drop in net profit. The counter…
Business
Tea chain Chagee is sticking to high prices despite sales plunge
The Shanghai-based freshly-brewed tea chain has more than 200 international stores out of its network of 7,000 stores Tea maker Chagee…
Business
Is gold losing its shine? What bullion’s plunge could signal, according to analysts
The precious metal was up 60% this year till recently, outstripping Bitcoin and the Magnificent Seven stocks Questions on whether gold’s…
Business
Gold plunge knocks CNMC Goldmine off pedestal after 400% gain
This follows a recent wave of sell-offs amid profit taking by investors who fear that gold’s recent rally has left it overvalued Shares of…
Business
Nio shares rebound 7% from initial plunge after GIC lawsuit alleges inflated revenue
The recovery comes a day after the counter dived as much as 13.8 per cent amid allegations of inflated revenue Shares of Nio recovered on…
Business
Nio shares rebound 7% after initial plunge on GIC lawsuit alleging inflated revenue
The recovery comes a day after the counter dived as much as 13.8% amid allegations of inflated revenue Shares of Nio recovered on Friday…
Business
Nio closes 2.7% higher after rebounding from plunge following GIC lawsuit
Morningstar says the lawsuit’s allegations are not expected to have material impact on the company’s operations Shares of Nio recovered on…
Business
Billions wiped off Nio’s market value as shares plunge 9.5% on news of GIC lawsuit
The Chinese EV maker and its top execs are being sued for ‘fraudulent recognition’ of at least US$600 million revenue Shares of Nio…
News
Xiaomi shares plunge after fatal EV crash; police suspect drunk driving
The company’s shares may face short-term pressure, but police citing driver error could limit losses Xiaomi shares fell the most since…
Business
Seatrium shares plunge 7.8% after US$475 million Maersk contract termination
Citi analyst Luis Hilado said the contract termination will likely have a negative near-term impact on its shares Shares of Seatrium…
Business
Seatrium shares plunge 7.8% after US$475 million Maersk offshore Wind contract termination
Citi analyst Luis Hilado said the contract termination will likely have a negative near-term impact on its shares Shares of Seatrium…
Business
Seatrium shares plunge up to 7.8% on US$475 million Maersk Offshore Wind contract termination
This development will likely have a negative near-term impact on the stock, says Citi analyst Luis Hilado Shares of Seatrium plunged as…
Business
Aeffe Shares Plunge 43% as Group Seeks Financial Restructuring
MILAN – Aeffe shares plunged 43.34 percent to close at 0.25 euros on the Italian Stock Exchange on Friday. This followed Aeffe’s decision…
Business
Toyota takes all-hybrid plunge with its best-selling US vehicle
Toyota Motor is scrapping the petrol-powered version of its best-selling vehicle in the US as the Japanese carmaker doubles down on its…