China‘s real estate crisis is casting a darkening cloud over governance and financial prospects of once highly valued property management companies, triggering a rout in their shares and making investors cautious. Already battered share prices have fallen a further 7% this month as investors have reacted to the latest instances of such companies lending support to cash-strapped developer parents. “The capital market has… Continue reading China real estate property crisis casts shadow over property management units
Tag: Financial Results
Container lines are set to smash year-old profit record by 73%
As economies around the world slow in the third year of the pandemic and with Russia’s war in Ukraine worsening shipping snarls, the rising tide of profits was expected to recede for container carriers The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%,… Continue reading Container lines are set to smash year-old profit record by 73%
China’s Lenovo posts slowest revenue rise in 9 quarters on PC downturn, article with image
The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 10 (Reuters) – China’s Lenovo Group (0992.HK) recorded its smallest revenue growth in nine quarters as the world’s biggest PC maker saw sales of the devices ease after a… Continue reading China’s Lenovo posts slowest revenue rise in 9 quarters on PC downturn, article with image
Toshiba logs surprise quarterly operating loss on higher materials costs, article with image
The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 10 (Reuters) – Toshiba Corp (6502.T) on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip… Continue reading Toshiba logs surprise quarterly operating loss on higher materials costs, article with image
@Honda: Honda reports First Quarter FY23 Results
FY2015 Financial Results Presentation (Amendment)[PDF : 794KB] * Summary of consolidated financial results for the fiscal year ended March 31, 2015, released on April 28, 2015, recognizing the effects of subsequent events. Please refer to the underlined items of the attached documents for details of the amendment. Go to Source
Elon Musk sells massive $6.5 billion chunk of Tesla (TSLA) stake
Tesla has disclosed that CEO Elon Musk sold around $6.5 billion worth of Tesla (TSLA) shares last week. It’s a significant chunk of his Tesla stake, but the reason behind the sale is unknown as of now. A Twitter settlement maybe? Update: Musk has commented on the sale, and we have added those comments to… Continue reading Elon Musk sells massive $6.5 billion chunk of Tesla (TSLA) stake
Dreaded ‘down rounds’ shave billions off startup valuations
Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lacklustre demand for new listings force companies to raise funds at a substantial discount to their sky-high valuations. Easy money from venture capital dealmaking is fast evaporating in an inflation-induced high interest-rate environment as many private investors… Continue reading Dreaded ‘down rounds’ shave billions off startup valuations
South Korea to probe app store operators over suspected in-app payment violations
South Korea‘s telecommunications regulator said on Tuesday it plans to launch an investigation into app store operators such as Apple Inc, Alphabet’s Google and One Store over suspected violations of in-app payment law. Potential fines for infractions could be as high as 2% of the average annual revenue from related business practices, the law says. The… Continue reading South Korea to probe app store operators over suspected in-app payment violations
Cleantechnica: Tesla and Indonesia Agree On Nickel Supply Deal Worth $5 Billion 002169
CNBC Indonesia is reporting that Tesla and the government of Indonesia have come to an agreement for that country to supply nickel worth $5 billion to Tesla over the next 5 years. The deal apparently means that Tesla will not be relying primarily on iron phosphate batteries for its vehicles in the future. Since Google Translate… Continue reading Cleantechnica: Tesla and Indonesia Agree On Nickel Supply Deal Worth $5 Billion 002169
Clean Technica: Elon Musk Shines In The Limelight At Tesla’s 2022 Annual Meeting Of Stockholders002168
After the announced proposal results at Tesla’s 2022 Annual Meeting of Stockholders, CEO Elon Musk took the stage. “Welcome,” he began, but a rousing round of applause forced him to halt his introductory remarks. “I feel welcome,” he smiled, looking around at the adoring masses. Musk’s extemporaneous talk continued to be punctuated by applause from… Continue reading Clean Technica: Elon Musk Shines In The Limelight At Tesla’s 2022 Annual Meeting Of Stockholders002168