Hong Kong’s deficit rose by almost 25 per cent in one month to HK$115.9 billion (US$14.9 billion) by the end of July, according to the results for the 2025-26 financial year released on Friday. The figure, representing results for the first four months of 2025-26, compares with a deficit of HK$93.9 billion at the end…
During the six months ended June 30, 2025, HKF’s revenue amounted to HK$199 million (US$25.5 million), representing a decrease of per cent as compared with the same period last year. This was mainly attributable to the decrease in income from the ferry, shipyard and related operations segment. The consolidated net profit after taxation of the…
For the group, Europe was the only region that posted growth (a 2 per cent increase), while Japan was down 1 per cent, the rest of Asia declined by 11 per cent and the US decreased 3 per cent (marking a deceleration compared with Q4, when US sales were up 3 per cent). By category,…
Glencore has launched a $1bn (£792m) share buyback programme despite recording a 16 per cent drop in adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) in 2024. The firm’s EBITDA fell to $14.4bn, down from $17.1bn in 2023, while adjusted earnings before interest and tax (EBIT) fell by a third. Despite the fall, the…
Why The Trade Desk (TTD) Shares Are Falling Today Shares of advertising software maker The Trade Desk (NASDAQ:TTD) fell 33.7% in the afternoon session after the company reported disappointing fourth quarter 2024 financial results. TTD has been public for 33 quarters, and this is the first quarterly earnings where the company missed on both the…
With China retaliating swiftly, slapping 15% tariffs on select US goods, the battle lines are once again drawn in a high-stakes economic standoff. But amid the turmoil, a new opportunity emerges for India—one that could shift global supply chains and strengthen its foothold in key US markets. India, which directly competes with China in sectors…
For Q4 2024, consolidated revenue was KRW6.45 trillion (US$4.45 billion), versus KRW8 trillion in Q4 2023, falling by 19.4%, while operating profit for the final quarter of last year was recorded as a loss of KRW226 billion, sliding 167% from KRW338 billion in Q4 2023. LG Energy Solution (LG ES) posted KRW25.6 trillion (US$17.7 billion)…