Business
Tesla's November China EV Sales Drop 4.3% as BYD Hits New High
Tesla Inc. (TSLA, Financial) announced a 4.3% year-over -year decline in November China-made EV sales to 78,856 units, as reported by…
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Sales
Business
MicroStrategy is halfway through share sales to buy Bitcoin
JUST over a month after announcing plans to raise US$21 billion through stock sales to help fund additional purchases of Bitcoin,…
Business
Societe Generale on sales hiring push in Tokyo amid bond market revival
SOCIETE Generale has hired four senior salesmen in Japan as it seeks to capitalise on the country’s invigorated bond market along with…
Business
Toyota’s sales, output plateau as slump persists in Japan, China
TOYOTA Motor’s sales and production plateaued last month, buoyed by a slight rebound abroad after a prolonged slump in Japan. Global…
Business
Thai Airways plans 44 billion baht share sales to exit debt plan
THAI Airways International expects to raise as much as 44 billion baht (S$1.7 billion) from a share rights offering, the carrier’s final…
Business
VinFast’s loss narrows, revenue jumps on higher EV sales
VINFAST Auto said its third-quarter loss narrowed and revenue jumped as the company delivered more cars. The Vietnamese electric vehicle…
Business
Dell reports sales that miss estimates on setback for PC market
DELL Technologies reported worse-than-expected sales after a budding revival in the personal computer (PC) market stalled out. Fiscal…
Business
Russian hypermarkets struggle as online sales soar
In November 2024, Russia’s retail market continues to undergo a significant transformation, shaped by the rapid growth of e-commerce and…
Business
Zoom gives in-line sales forecast while investors seek more
ZOOM Video Communications gave a sales forecast for the current quarter that failed to impress investors who were expecting a bigger boost…
Business
Macy's delays Q3 report on accounting issue, expects weaker sales
Macy’s on Monday (Nov 25) delayed the publication of its third-quarter results due to an accounting issue tied to delivery expenses and…
Business
Procter & Gamble doubles down on China’s TikTok to reverse sales slump
PROCTER & Gamble (P&G) has been revamping its marketing and line-up of influencers on fast-growing Chinese shopping app Douyin in recent…
Business
CDL and joint ventures post S$611.1 million in Q3 sales, driven by Kassia launch
CITY Developments Limited (CDL) and its joint venture associates recorded S$611.1 million in sales for the third quarter ended Sep 30,…
Business
Gap raises annual sales target betting on steady holiday demand
GAP raised its annual sales forecast on Thursday (Nov 21) and said the holiday season was off to a “strong start”, sending its shares up…
News
Canada's Trudeau to cut sales tax and send checks to millions of Canadians as election looms
HALIFAX, Nova Scotia (AP) — Canadian Prime Minister Justin Trudeau 's government announced plans Thursday to temporarily lift the federal…
Business
Nvidia’s AI chip demand still booming but slowing sales growth worries investors
NVIDIA forecast fourth-quarter revenue slightly above estimates on Wednesday (Nov 20), but still failed to meet lofty expectations of some…
Business
Chinese EV maker Nio’s Q3 net loss widens to 5.1 billion yuan on lower vehicle sales
CHINESE electric vehicle (EV) maker Nio’s net loss widened to 5.1 billion yuan (S$945.5 million) for its third quarter ended Sep 30, 2024,…
Business
Nio’s Q3 net loss widens to 5.1 billion yuan on lower vehicle sales
CHINESE electric vehicle (EV) maker Nio’s net loss widened to 5.1 billion yuan (S$945.5 million) for its third quarter ended Sep 30, 2024,…
Business
China smartphone sales drop 9% y/y over Singles’ Day shopping festival
Apple sales fell year-over-year by double-digit percentages, Huawei’s sales increased by 7%, while Xiaomi’s sales declined by 6%. APPLE…
Business
Xiaomi Q3 revenue soars 30.5% as sales of its first electric car surge
CHINESE electronics maker Xiaomi Corp posted a 30.5 per cent jump in third-quarter revenue as consumers clamoured for its first electric…
Business
Timing of DBS share buyback announcement and its CEO’s share sales was not a good look
One solution is to prohibit share sales by top executives during share buybacks; another is to disclose valuations at which buybacks would…
Business
China retail sales pick up speed, beat forecasts in October
Chinese policymakers are grappling with slumping domestic consumption (STR) China's retail sales last month grew at their fastest clip…
Business
Dip in Singapore consumers’ trust in general insurers and insurance sales staff: report
THE level of trust Singapore consumers have in general insurers and their intermediaries such as brokers and advisers slipped in 2024,…
Business
Global EV sales up 35% in October, Europe ekes out a gain
GLOBAL sales of fully electric and plug-in hybrid vehicles rose 35 per cent in October from the same month last year, with growth across…
Business
Spotify beats subscriber, margin estimates even as ad sales lag
SPOTIFY Technology reported third-quarter growth in subscribers and profit margins, saying lower marketing and personnel costs helped the…