Business
Uber forecasts profit below estimates as cheaper rides boost trips but hurt margins
Uber Technologies forecast first-quarter profit below market expectations and missed fourth-quarter estimates on Wednesday (Feb 4), as…
Tag
margins
Business
India’s Bharat Petroleum plans Singapore trading hub to cut costs and boost margins
India’s Bharat Petroleum Corp (BPCL) will open a trading office in Singapore next month, as the state-owned refiner seeks to become more…
Business
Maybank cuts Sea target price by 9.3% on softer Shopee margins, despite consensus-beating Q3 earnings
Maybank Research slashed its target price for internet company Sea by 9.3 per cent to US$156 from US$172 with a “hold” rating, citing…
Business
Maybank cuts Sea target price with ‘hold’ call on softer Shopee margins, HSBC maintains ‘buy’ call
Tech company’s prioritisation of growth and building of competitive moats could ‘slow near-term monetisation gains’, says Maybank Research…
Business
BP profit beats expectations, helped by refining margins
It made an underlying replacement cost profit, or adjusted net income, of US$2.21 billion Oil major BP reported a smaller than expected…
Business
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…
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
Major liners’ Ebit margins expected to turn negative in H2 2025
The average earnings margins for the liner businesses of major ocean shipping companies fell to 8.4 per cent in the quarter to June, as…
Business
Major sea carriers’ Ebit margins expected to turn negative in H2 2025
The average earnings margins for the liner businesses of major ocean shipping companies fell to 8.4 per cent in the quarter to June, as…
Business
China banks pressured by rising loan losses, low margins
China’s mega banks are under pressure from rising allowances for loan losses and a continued margin erosion in their mission to support…
Business
Hong Leong Finance H1 net profit down 38.7% to S$32.2 million on compressed net interest margins
Hong Leong Finance posted a 38.7 per cent year-on-year fall in net profit to S$32.2 million for the six months ended Jun 30, 2025. This…
Business
Grab reports Q2 2025 earnings of US$35 million on higher revenue and margins
Superapp Grab reported Q2 2025 earnings of US$35 million, reversing from a loss of US$53 million in the same year-ago period. This was…
News
Senate Republicans want to reopen SALT deal but worry about House margins
Senate Republicans are considering whether to lower the House-proposed $40,000 cap on the federal deduction for state and local taxes,…
Business
China banks cut deposit rates to aid margins, drive spending
MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend…
Business
ANZ’s H1 cash earnings largely flat, margins stay pressured
RALIA’S ANZ Group reported largely flat first-half cash earnings on Thursday (May 8), as persistent competition in the home loan market…
Business
China’s Big Five banks post slimmer margins as economic challenges persist
[SHANGHAI/HONGKONG] China’s Big Five lenders on Tuesday (Apr 29) reported narrower margins on their first-quarter earnings and some a drop…
Business
Singapore jewellers keep shining amid gold’s record rally - even as margins thin
Record-high gold prices may be squeezing margins and prompting caution among shoppers, but they have also burnished the yellow metal’s…
Fashion
Shein vendors fear thin margins will vanish under new US Postal Service rules
THE US Postal Service’s flip-flop on inbound international packages from China and Hong Kong is throwing Chinese retailers that sell on…
Business
New US solar tariffs on South-east Asia to raise prices, cut profit margins
A NEW round of US solar panel import tariffs on South-east Asian producers is expected to raise consumer prices and cut into producer…
Business
Japan’s megabanks see record annual profit after bumper Q2 as rate hikes boost margins
JAPAN’S three megabanks raised their annual profit forecasts to all-time highs on Thursday (Nov 14), fuelled by robust lending demand and…
Business
Frasers Property remains keen on Singapore housing development but is cautious over entry costs and margins
FRASERS Property posted a net profit of S$148.9 million for the second half of its financial year ended Sep 30, reversing losses of S$52.6…
Business
Jeweller Pandora’s shares sink as warns soaring silver could dent margins
PANDORA said on Wednesday (Nov 6) that higher silver and gold prices could hit its 2026 operating profit margin target, sending the Danish…
Business
South Korean refiners’ losses deepen in Q3, margins set to improve in Q4
SOUTH Korean refiners reported on Monday (Nov 4) sharp losses in the third quarter from oil refining, but expect their margins to recover…