China’s big banks post rise in Q3 profits, squeeze on NIM
CHINA’S largest lenders posted a rise in third-quarter profits on Wednesday (Oct 30), although margins were slimmer for some. The frontrunner ...
Tag: Profits
US dollar profits from Japan political uncertainty, pound awaits UK budget
THE US dollar hit three-month highs against the yen on Tuesday (Oct 29) as the loss of a parliamentary majority ...
Sinopec profits slump as oil refining suffers from weak economy
SINOPEC’s third-quarter profits contracted as China’s biggest oil refiner increasingly finds itself under pressure from the nation’s economic woes and ...
LG Energy profits tumble 40% on waning battery-powered car sales
SLUGGISH demand for electric vehicles (EVS) haunted South Korean battery maker LG Energy Solution, dragging its profits down by almost ...
Porsche flags cost cuts as China weakness, slowing electric-vehicle shift hits profits
Luxury sportscar maker Porsche on Friday (Oct 25) warned it may cut costs after a slower-than-expected transition towards electric vehicles ...
China’s mega banks trim deposit rates as stimulus hits profits
CHINA’S largest state-owned lenders have cut their deposit rates on Friday (Oct 18), their second reduction this year as they ...
Blackstone’s credit arm is now its top business, fuelling profits
BLACKSTONE posted an increase in third-quarter profit as its credit arm was boosted by an influx of investor cash and ...
Asia refiners lament pricey Saudi oil as profits, Iran risk loom
In Singapore, Asia’s oil-pricing hub, margins for complex refineries fell to near parity last week, with yields hovering below seasonal ...
Hong Kong shares snap 6-day winning streak as investors take profits
HONG Kong stocks fell on Thursday (Oct 3) as investors took profits, ending a six-session rally fuelled by a flurry ...
US bank profits jump 11% in second quarter of 2024 as expenses shrink
THE US banking industry recorded profits of US$71.5 billion in the second quarter of 2024, up 11.4 per cent on ...
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