Latest in China's industrial profits plunge at fastest pace since the pandemic
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China's industrial profits plunge at fastest pace since the pandemic
The country's industrial profits declined 27.1% year-on-year in September.Business - CNBC - October 28 -
China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - Financial Times - October 27 -
China's exports grew 12.7% in October, fastest pace in more than 2 years
China has reported its exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two yearsWorld - ABC News - November 7 -
BP reports lowest quarterly profit since pandemic on weak oil prices
Energy group pledges to review share buyback plan in February after latest $1.75bn repurchaseBusiness - Financial Times - October 29 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - October 30 -
Vistry shares plunge as cost overruns hit profits
UK housebuilder blames ‘insufficient management capability’ and ‘poor divisional culture’ for underestimating costsBusiness - Financial Times - November 8 -
Archer Daniels Midland Profit Plunges, Revenue Falls
Archer Daniels Midland said profit plunged in the third quarter, shortly after saying it would restate its 2023 filing with the Securities Exchange Commission, along with the first and second ...Business - The Wall Street Journal - 4 days ago -
China’s banking system is still suffering whiplash from its pandemic-era practices
Misuse of loans and an ongoing real-estate crisis are pushing up default rates and exposing weaknesses in banks’ lending practices.Business - MarketWatch - 16 hours ago -
Lions' Gibbs races 70 yards for TD, Montgomery throws TD to LaPorta
The Detroit running back hit 22.03 mph on the run.Sports - ESPN - October 27 -
Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.Business - CNBC - October 30 -
Ryanair profits plunge amid lower fares and Boeing delays
Problems with delivery of 737 aircraft left airline ‘over-crewed and over-costed’, says CEO Michael O’Leary. Business live – latest updates Ryanair’s profits have dropped by nearly a fifth, as ...World - The Guardian - November 4 -
Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console
Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.Business - CNBC - November 5 -
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Remy Cointreau Warns of Sales Plunge as U.S., China Woes Persist
The maker of Remy Martin and Cointreau ditched its forecast of a gradual organic sales recovery over the course of the year to March 2025 and projected, instead, a decline in the double-digit ...Business - The Wall Street Journal - October 25 -
Estée Lauder shares plunge as China sales slump prompts dividend cut
Beauty group’s stock drops 25% after guidance withdrawn for rest of yearBusiness - Financial Times - October 31 -
30-year bond yield closes with biggest jump since 2022 after Trump wins
U.S. government debt aggressively sold off on Wednesday, pushing the 30-year yield up by the most in two years, as traders factored in the likely trade and deficit policies of a second Trump ...Business - MarketWatch - November 6 -
China woes weigh on profits at Toyota, Honda and BMW
Even the strongest international carmakers are suffering from intense competition in the Chinese marketWorld - Financial Times - November 6 -
DoorDash Posts First Quarterly Profit Since IPO, Launches Partnership With Lyft
DoorDash reported its first quarterly profit since going public in 2020, and launched a partnership with Lyft, as the two companies combine forces against common rival Uber.Business - The Wall Street Journal - October 30 -
Here’s How China’s Chip Industry Plans to Deal With Trump’s Term
Anticipating further combative interactions over trade, the Chinese semiconductor industry is make new friends and boosting hiring.Business - Inc. - November 11 -
China retail sales beat forecasts in October while real estate slump worsens
Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said Friday. That was above the 3.8% forecasted in a Reuters poll, and a pickup from 3.2% growth in September.Business - CNBC - November 15 -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas
Vice-president seeks to energise women voters as White House race against Donald Trump tightensBusiness - Financial Times - October 26 -
Nasdaq hits record high as tech stocks rebound from summer sell-off
Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ betBusiness - Financial Times - October 25 -
PwC profits fall in Asia after scandals in China and Australia
Big Four firm reports slower global growth as regional woes compound consulting industry slowdownBusiness - Financial Times - October 29 -
Foreclosures in China Soar, Threatening to Choke Off Bank Profits
When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.Business - The New York Times - November 4 -
Green Thumb Industries looks past ‘tricky time’ for cannabis stocks as the company notches another profit
Green Thumb’s Ben Kovler says the big drop in canna stocks this week isn’t causing the Chicago-based company to change course.Business - MarketWatch - November 8 -
We're trimming a bank stock on tear since earnings, booking nearly a 100% profit
This sale does not reflect any change in our long-standing positive view on the bank and the job the CEO is doing.Business - CNBC - October 25 -
BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19
BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasolineBusiness - MarketWatch - October 29 -
BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit
British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.Business - CNBC - October 29 -
China's factory activity expands for the first time since April, official survey shows
China's official purchasing managers' index for October came in at 50.1, according to National Bureau of Statistics data released Thursday.Business - CNBC - October 31 -
Head of Myanmar's military government visits close ally China for the first time since taking power
Myanmar's state media says the head of Myanmar’s military government embarked upon an official visit this week to China, the embattled Southeast Asian nation’s most important international allyWorld - ABC News - November 5 -
Hamilton fastest as Verstappen struggles in Vegas
Mercedes driver Lewis Hamilton heads both Friday practice sessions at the Las Vegas Grand Prix.Top stories - BBC News - Yesterday -
Alibaba posts profit beat as China looks to prop up tepid consumer spend
The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.Business - CNBC - November 15 -
Russell crashes heavily in Mexican Grand Prix practice
Mercedes’ George Russell sets the pace in a first practice session at the Mexico City Grand Prix punctuated by a heavy crash for Williams’ Alex Albon.Top stories - BBC News - October 26 -
McDavid fourth fastest in NHL to reach 1K points
Connor McDavid became the fourth-fastest NHL player to reach 1,000 points, scoring early in the second period during the Edmonton Oilers' game against the Nashville Predators on Thursday night.Sports - ESPN - November 15
