Culture
Gold hovers near two-week low as investors book profits
Gold hovered near a two-week low on Tuesday (Dec 30) that it touched in the previous session, as year-end profit-taking caused all…
Tag
Profits
Culture
Forget Musk’s latest pay package, his last one could wipe out years of Tesla profits
Tesla faces potential US$26 billion profit hit if it loses its appeal over Musk’s pay ruling Tesla’s gaudy US$1 trillion…
Culture
Nomura said to probe if profits inflated at India bond desk
Nomura Holdings is investigating its India fixed-income business, asking senior officials in its rates division to determine whether…
Culture
Australia's big four banks move to bypass mortgage brokers as profits squeezed
They are looking to offset pressure on profit margins from lower interest rates, higher costs and intensifying competition Australia’s…
Culture
China’s largest banks report steady profits, but margins shrink
[BEIJING/SHANGHAI] Four of China’s largest five state-owned banks reported steady profits on Thursday (Oct 30), but their margins came…
Culture
Blackstone profits soar but lower rates bring scrutiny to credit
The US$1.2 trillion firm is a giant non-bank lender in its own right, with credit dominating flows in the third quarter Blackstone sent…
Culture
Wall Street bonuses expected to hit record as bank profits surge
The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap profits from soaring…
Culture
Lloyds bank says profits shrink on bad car loans
Profit after tax dropped 14% to £2.9 billion in the first nine months of the year British lender Lloyds Banking Group on Thursday (Oct 23)…
Culture
Shein’s UK sales surge to £2.1 billion in 2024, boosting profits as IPO looms
Shein’s British business made £2.1 billion (S$3.7 billion) in sales in 2024, a 32.3 per cent increase from the previous year, a filing by…
Culture
ExxonMobil reports 23.4% drop in profits on lower crude prices
ExxonMobil reported a drop in second-quarter profits on Friday (Aug 1) as the hit from lower crude prices more than offset a boost from…
Culture
BOJ warns US tariffs could hit firms' profits, delay capex plans
Profits of Japanese firms are likely to fall this year because of US tariffs, leading them to downgrade capital expenditure plans, the…
Culture
Chinese steel profits recover as Beijing targets overcapacity
The profitability of Chinese steel mills began to recover last month, with the improvement likely to accelerate in the second half of the…
Culture
Britain's Lloyds says profits up 5%, even as economic outlook dims
Statutory profit before tax for the first six months of the year was £3.5 billion Lloyds Banking Group reported its profit for the first…
Culture
Trump tariffs to decimate China profits: analysis
Most of China’s industries cannot survive US President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg…
Culture
US bank profits to climb on stronger trading, investment banking
Major US banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking.…
Culture
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…
Culture
Thai telco core profits expected to jump 38% in 2025, outpacing market: Maybank
The core earnings of Thailand’s telecommunications sector are expected to rise 38 per cent in 2025, outpacing the Stock Exchange of…
Culture
Nike profits sink but company says it is turning a corner
Nike reported sharply lower quarterly profits on Thursday, but signalled it was past the worst stage of a corporate retooling as it…
Culture
AI bets that fuelled Big Tech’s surge now threaten rich profits
Some investors are questioning the amount of cash Big Tech is throwing at artificial intelligence, fuelling concerns for profit margins…
Culture
Malaysia’s Petronas to cut more than 5,000 jobs after profits slump
The state-owned oil firm will also freeze promotions and hiring until December 2026 — Petronas, Malaysia’s state-owned oil and gas…
Business
EV Discounts in China Reach Record High With Profits Limited to 3 Automakers
China’s EV price war is bigger than ever, but for how long? China has recently gained a reputation for offering significant electric…
News
Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months
A year ago, the world’s biggest automaker was on a tear. American consumers were snapping up Toyota Motor’s hybrids, and a weak yen…
News
Exxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout…
News
Amazon Says Operating Profits May Decline Amid Economic Uncertainty
As much as Amazon may have wanted to dodge the spotlight in President Trump’s trade war, there was no avoiding it for America’s largest…