Falls
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China water giant Nongfu Spring’s stock falls on boycott calls
CHINESE beverage giant Nongfu Spring is the latest major brand to come under fire from the mainland’s online army of nationalist citizens, underscoring challenges for domestic firms navigating an increasingly…
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World food price index falls in February for seventh straight month, says UN agency
THE United Nations (UN) food agency’s world price index fell in February for a seventh consecutive month as lower prices for all major cereals more than offset the rising price…
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Victoria’s Secret falls on weak guidance in faltering turnaround
VICTORIA’S Secret & Co reported net sales guidance for the full year that fell short of analysts’ expectations, underscoring the retailer’s struggle to grow as it works to gain relevance…
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DHL Group’s 2024 forecast falls short of market view on tepid global trade
GERMAN logistics giant DHL Group on Wednesday (Mar 6) forecast its 2024 operating profit to come in above pre-pandemic figures, but the outlook fell short of market consensus amid weaker…
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Oil falls 1% on concerns over China’s economic growth plan
OIL prices fell nearly 1 per cent on Tuesday (Mar 5) as scepticism around China achieving its economic growth target and investors’ declining risk appetite countered a weaker US dollar.…
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US Fed’s Favored Inflation Gauge Falls, But Price Pressures Remain
The US central bank’s favored measure of inflation edged lower on an annual basis in January, government data showed Thursday, but a metric stripping out volatile food and energy prices…
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Hong Fok H2 net profit falls 61.5% as Concourse Skyline sale dips
PROPERTY developer Hong Fok posted a net profit of S$81.2 million for the second half of 2023 on Thursday (Feb 29), a 61.5 per cent drop from its earnings of…
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First Resources H2 profit falls 62.5% on palm oil price downturn
FIRST Resources posted a 62.5 per cent drop in net profit to US$73.9 million for its second half year ended December, from US$197.2 million in the previous corresponding period. This…
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AMC theatre chain’s profit falls short of estimates, shares drop
AMC Entertainment Holdings, the world’s largest theatre chain, reported fourth-quarter earnings that fell short of Wall Street estimates, sending the shares lower. AMC posted a profit of US$42.5 million before…
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Golden Agri’s H2 profit falls 96.1% to US$15.3 million; proposes S$0.00613 final dividend
GOLDEN Agri-Resources reported net profit of US$15.3 million for the second half ended Dec 31, 2023, down 96.1 per cent from US$392.4 million in H2 FY2022 mainly due to lower…
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Hot stock: OCBC falls 3.1% after Q4 earnings miss
SHARES of OCBC retreated on Wednesday (Feb 28) morning amid heavy trading after the bank reported a fourth quarter net profit of S$1.62 billion, falling short of the S$1.72 billion…
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Food Empire H2 net profit falls 9.6%, but full-year revenue at new high of US$425.7 million
FOOD and beverage manufacturer Food Empire Holdings posted a 9.6 per cent decline in net profit to US$29.8 million for its second financial half ended Dec 31, 2023, from US$33…
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Geo Energy H2 profit falls almost 40% as finance costs hike by US$5.5 million
INDONESIAN coal producer Geo Energy Resources on Tuesday (Feb 27) reported a drop in net profit of almost 40 per cent to US$34.8 million for the second half of 2023.…
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Japan Inflation Falls To 2% In January
Japanese consumer inflation slowed for the third straight month to 2.0 percent in January, government data showed Tuesday. The reading will likely stoke speculation that the Bank of Japan might…
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Europe: Stoxx 600 falls at start of inflation data-driven week
EUROPE’S benchmark stock index dropped on Monday, led by miners, with investors bracing for crucial inflation reports throughout the week for further clues on the timing of interest rate cuts…
