Business
Palantir hikes sales forecasts after record stock run-up
Palantir Technologies raised its annual revenue outlook to US$4.4 billion and outpaced analyst estimates for third-quarter sales, citing…
Tag
Sales
Business
US candy makers haunted by Halloween discounts as retailers scare up sales
US retailers are discounting some Hershey candy ahead of Halloween on Friday, the confectioner’s biggest holiday, after it hiked prices…
Business
Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates
The company’s reliance on hardware sales has also left it with greater exposure to US President Donald Trump’s trade war with China. Apple…
Business
Singapore’s gold buying spree fuels 47% sales jump in gold bars, coins as global demand hits record
Local demand for gold bars and coins rises 47%, but jewellery consumption slumps 8% Strong investor appetite in Singapore, which resulted…
Business
Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30)…
Business
Starbucks sales rebound globally, coffee prices bite margins
Global prices for raw arabica beans are up more than 20% this year after soaring 70% in 2024 Starbucks posted on Wednesday (Oct 29) that…
Business
General Motors Fires 1,700 Workers at Its Michigan and Ohio Plants as EV Sales Dip after Dropping Apple CarPlay, Android Auto from Its Cars
General Motors has announced the layoff of nearly 1,700 workers at its manufacturing plants in Michigan and Ohio, citing a slowdown in…
Business
Nvidia shares soar as Trump fuels hopes of China Blackwell sales
The tech company’s shares extended gains to 8.5% in Asian trading on the alternative platform Blue Ocean NVIDIA’S shares extended their…
Business
Mercedes beats margin forecasts as premium sales offset job-cut charges
[BERLIN/FRANKFURT] German carmaker Mercedes-Benz on Wednesday (Oct 29) reported stronger than expected margins at its core autos business…
Business
China blows past record for Europe car sales on hybrid, EV gains
The Asian nation’s latest plug-in hybrids offer long electric-only ranges, rapid charging and generous standard equipment at prices below…
Business
Apple races past US$4 trillion market value as latest models revitalise iPhone sales
Apple topped US$4 trillion in market value for the first time on Tuesday (Oct 28), the third Big Tech company to hit the milestone, as…
Business
Novartis Q3 operating income up 6% on new drug sales
Third-quarter operating income, adjusted for special items, rose to US$5.46 billion Swiss drugmaker Novartis, on a deal-making spree this…
Business
Applied Materials to cut 4% of global staff after sales slow
Applied Materials, the largest US producer of chipmaking equipment, plans to cut 4 per cent of its global workforce as it copes with a…
Fashion
Prada sales rise, boosting hopes of luxury sector recovery
Net sales rose to 4.07 billion euros (S$6.13 billion), a 6.3% increase year-on-year Prada sales rose in the first nine months of year as…
Business
Nexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
The chipmaker is seeking chip packaging partners outside China as the dispute drags on [BEIJING/TAIPEI] Dutch chipmaker Nexperia’s Chinese…
Business
Beauty, Wellbeing Sales Fuel Third-quarter Growth at Unilever
LONDON – Beauty and wellbeing sales are steaming ahead at Unilever, and drove underlying group sales growth up 3.9 percent to 14.7 billion…
Business
Renault Q3 revenue rises on car sales, finance arm
Renault’s third-quarter sales gained 6.8 per cent, helped by demand for new models such as the Dacia Bigster as well as higher revenue at…
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
Tesla earnings miss despite record third-quarter sales surge
Investors have largely bought into Musk’s vision, driving the shares up 8.7% so far this year Tesla’s profit plunged more than expected as…
Unsorted
VinFast third-quarter e-bike sales jump following Hanoi motorbike ban
Vietnam’s VinFast said on Wednesday (Oct 22) it delivered more than 120,000 electric two-wheelers in the third quarter, a 73 per cent…
Business
No new US soy sales to China, nothing being loaded, say US soy groups
There are no new sales of United States’ soybeans to China and nothing is expected to be loaded in coming weeks, according to information…
Business
L’Oreal flags first China growth in two years but misses sales forecast
French beauty conglomerate L’Oreal posted weaker-than-expected third-quarter growth on Tuesday (Oct 21), weighed down by its performance…
Business
Nestle to axe 16,000 jobs as new CEO targets sales growth
Nestle will axe 16,000 jobs as it tries to raise sales volumes, new CEO Philipp Navratil said on Thursday (Oct 16), as the world’s largest…
Business
China plans zinc exports as global rally opens window for sales
Cash prices on the London Metal Exchange have surged above futures, signalling a growing shortage in western markets Chinese zinc…