Business
AI chip boom lifts Samsung profits by 1,800%
South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for…
Tag
Profits
Business
Carrefour CEO eyes higher profits under core markets refocus
Carrefour aims for one billion euros (S$1.5 billion) in annual cost cuts as part of CEO Alexandre Bompard’s new plan to boost profits and…
Business
How discounting hurts long-term loyalty and profits
Discounting has been part of retail’s toolkit for decades, and it can be effective, especially during high-stakes shopping seasons. But as…
Business
Adidas plans 1-billion-euro share buyback after profits jump
Adidas reported stronger-than-expected fourth-quarter profits and announced a fresh share buyback, as it looks to maintain its momentum…
Business
Swatch Group Profits Slump 89% in 2025 on Decision to Maintain Jobs
PARIS — The cost of maintaining production capacities and jobs without asking for subsidies for reduced hours is clear at the Swatch…
Business
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…
Business
PVH Profits Slip, but Top Q3 Estimates as Reinvention Continues
PVH Corp.’s third-quarter profits slipped, but topped expectations as Stefan Larsson continued on the next leg of his journey, resetting…
Business
Gold edges lower as investors book profits
US rate futures are pricing in an 88% chance of a rate cut in December, according to the CME’s FedWatch tool Gold edged lower in early…
Business
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…
Business
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…
Business
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…
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
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…
Business
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…
Business
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)…
Business
United sees demand ‘strengthening’ as profits edge lower
UNITED Airlines reported a slight dip in profits on Wednesday as operating expenses ticked higher, adding that a strengthening demand…
Business
Gulf development profits as Thailand faces electricity oversupply and regulatory gaps
Electricity prices in Thailand have long been a political and economic flashpoint, with frequent allegations of corruption and favoritism…
Business
Levi’s Q3 Profits Top Estimates as CEO Michelle Gass Grows More Bullish on the Year
Levi Strauss & Co. is riding the denim cycle higher — and continuing to bust out of its traditional role as a men’s jeans brand. Adjusted…
Business
G-III’s Q2 Profits Fall as Tariffs Settle In
G-III Apparel Group is feeling the pinch of higher tariffs — and taking a more cautious stance to the back half of the year because of it.…
Business
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…
Business
Profits over people and microplastics in every meal?
For decades, the plastic crisis has always felt far away, whether through time or across distance. But unfortunately, we’re no longer…
Business
Ralph Lauren Raises Outlook As Q1 Profits Climb 30.7%
Ralph Lauren Corp. charged past first-quarter expectations and raised its outlook for the full fiscal year, even with some trepidation…
Business
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…
Business
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…