Costs
US banks see high deposit costs, investment banking boost
US LENDERS’ second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their...
Lufthansa slashes costs amid fare war, less business travel
LUFTHANSA plans to slash costs and cut back on future projects as a “new reality” of lower corporate travel and increased competition drives down fares from post-pandemic highs, according...
Nearly 40% of Ontarians considering moving due to housing costs
Article contentWhile Canada grapples with high housing prices countrywide, Ontario residents are most likely to leave their home province due to the prohibitive costs.That’s one of the take-aways from...
Indonesia’s auto sales slump as savings erode and borrowing costs rise
Carmakers pin hope on fresh incentives to boost sales as economic woes take their toll [JAKARTA] Indonesia’s ambitions to become a key player in the electric vehicle (EV) industry...
KitKat maker sees chocolate demand ebbing as cocoa costs creep in
CONSUMERS will probably cut back on chocolate as this year’s historic cocoa rally gradually trickles down to manufacturers and forces them to raise prices, a Nestle executive warned.
Cocoa futures...
Barclays’ UK corporate bank to cut costs by £100 million, expand lending
BARCLAYS will cut about £100 million (S$172 million) of annual costs from its UK corporate banking business by 2026, it said on Tuesday (Jun 18), under broader plans to...
Medical inflation rising, but prudent consumption, fee benchmarks can help check healthcare costs
MEDICAL costs in Singapore have been rising each year, and consumers are likely to feel the pinch as healthcare players and insurers deal with an increasing need for care...
Malaysia’s Petronas Q1 profit falls on high costs, low prices
Malaysia’s state energy firm Petroliam Nasional (Petronas) reported a near 11 per cent decline in first-quarter net profit on Friday (May 31) due to higher operating costs and lower...
