Culture
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
Culture
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…
Culture
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…
Culture
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.…
Culture
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…
Culture
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…
Culture
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…
Culture
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…
Culture
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…
Culture
Porsche plans more cost cuts to counter tariffs, China slump
It will start negotiations on additional reductions in the second half of this year [Stuttgart] Porsche warned its employees to brace for…
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
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…
Culture
Swiss watch exports slump in May as US tariffs shake market
Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest data Swiss watch exports dropped by almost…
Business
UK sales of new Tesla cars slump by more than a third amid Musk backlash
Tesla has sold 15,002 cars in the UK so far this year, down by 7.8% in the same period last year.Photograph: Bloomberg/Getty Images Sales…
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…
Culture
Tesla’s China shipments extend slump, bucking broader sales boom
Tesla’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as chief executive…
Culture
Aramco CEO will keep borrowing even as oil slump cuts cashflow
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser…
Culture
Aramco will keep borrowing, CEO says, as oil slump cuts cashflow
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser…
Culture
Nvidia gives solid forecast, even as China slump mars growth
Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed…
Fashion
NXP gives disappointing sales forecast as chip slump persists
NXP and its peers have been struggling with a stubborn glut of chips that help power electric cars and manufacturing operations NXP…
Fashion
Exxon, Chevron succumb to oil-refining slump as tariffs loom
PROFITS for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of US tariffs on two major oil suppliers…
Fashion
Texas Instruments forecast signals chip slump is persisting - The Business Times
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand…
Culture
BMW sales slide after brake fault recall, China demand slump
BMW car sales slipped last year as a costly recall compounded a slump in demand in China that’s hit Germany’s automakers hard. Sales of…
Fashion
Mercedes-Benz car sales drop as China, EV slump take toll
MERCEDES-Benz Group car sales dipped last year as the German luxury-auto maker struggled with weak demand for pricey models in China and…