Business
Porsche sales slump most in 16 years on poor China demand
Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets Porsche’s deliveries fell 10 per cent…
Tag
Slump
Business
Senior loan bankers depart Mizuho, SMBC after Asia volumes slump
SEVERAL senior loan bankers at Mizuho Financial Group and Sumitomo Mitsui Banking Corp. have left their roles in Asia, amid a slump in…
Business
Tesla UK car sales slump 29% in December as competition heats up: data
TESLA’S UK car registrations dropped by more than 29 per cent year-on-year in December, industry data showed on Tuesday, underscoring the…
Business
Demand for China’s lithium batteries will slump in early 2026: car association head
A big drop in demand will hurt battery makers including Contemporary Amperex Technology Ltd and EVE Energy Demand for Chinese lithium…
Business
Malaysia palm oil reserves seen at six-year high as exports slump
Palm oil stockpiles in Malaysia surged to the highest in more than six years as exports dropped in November, according to a survey.…
Business
Hong Kong stablecoin stocks slump after PBOC vows cryptocurrency crackdown
Hong Kong-listed stocks with cryptocurrency-related businesses tumbled on Monday (Dec 1) after China’s central bank vowed to crack down on…
Business
Rupee gains as RBI returns to defend currency after slump
INDIA’S rupee bounced back after the Reserve Bank of India (RBI) resumed efforts to support it, following a sharp drop last Friday when…
Business
Oracle slump sends Ellison sliding down ranks of world’s richest
A frenzied, artificial intelligence (AI)-fuelled rally in Oracle stock briefly made Larry Ellison the world’s richest person in September.…
Business
Vietnam stocks slump after state media report on alleged bond irregularities
Vietnam’s main stock index fell to its lowest closing level in a month on Monday (Oct 20) after state media reported the results of a…
Business
Delta electronics shares slump in Bangkok due to exchange curbs
The stock has more than tripled in price from its April low, boosted by optimism over its role as maker of components for…
Business
Porsche’s China sales slump 21% on muted luxury demand
The manufacturer is shaking up its leadership and cutting jobs as part of a broader effort to get back on track Porsche’s sales in China…
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China’s pork prices slump with weak holiday demand boost
The sector is key to easing deflation risks, and its troubles underscore an uncertain outlook for the world’s second-largest economy.…
Business
Fire sale of sought-after fund raises alarm over Asia private equity slump
For over 20 years, Indonesian private equity (PE) firm Northstar Group was emblematic of South-east Asia’s boom. Backed by TPG Capital, it…
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Swiss Watch Exports Slump Globally in August
PARIS — Swiss watch exports cooled significantly in August. Shipments of wristwatches fell 16.4 percent, reaching 1.57 billion Swiss…
Business
China bond slump fuels speculation PBOC will resume debt buying
The Chinese bond sell-off that drove benchmark yields to the highest level in nine months last week is spurring speculation that the…
Business
GuocoLand falls by nearly 3% after reporting slump in H2 net profit to S$32.4 million
Shares of GuocoLand tumbled by close to 3 per cent on Friday (Aug 29) morning following the announcement of its net profit for the…
Business
China’s cement slump signals end of 21st-century building boom
The industry is also exposed to the government’s supply-side reforms, and further declines are likely as producers are required to shrink…
Business
Tesla almost halves UK monthly lease fee as sales slump: The Times
ISH motorists can now lease a Tesla electric vehicle for just over half of what they would have paid a year ago, The Times reported on…
Business
BMW profits slump on China woes, US tariffs
BMW said on Thursday (Jul 31) its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling…
Business
Gucci owner Kering posts 46% profit slump before new CEO arrives
French luxury group Kering reported on Tuesday a 46 per cent plunge in net profit during the first half, with sales slumping again at its…
Business
Deutsche Bank beats profit expectations despite deal slump, strong euro
Deutsche Bank returned to a better-than-expected profit in the second quarter from a loss a year ago as trading earnings helped offset…
Business
Thailand’s tourism slump and household debt weigh on its lenders
Thailand’s banks are grappling with weak lending amid high household debt, slowing tourism and sluggish consumer spending that risk…
Business
Tesla short sellers set to pocket about US$1.4 billion in profits after stock slump
Tesla’s shares fell 7.5% at US$291.50, having lost more than 21% so far this year Traders are set to make about US$1.4 billion in paper…
Business
Tesla reports lower car sales, extending slump
Tesla reported another hefty drop in auto sales on Wednesday, extending a difficult period amid intensifying electric vehicle competition…