BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, offering some respite to an embattled sector even as persistently soft domestic demand delays a recovery. The world’s second-largest economy has been struggling to mount a strong post-pandemic revival, as business and household appetites for spending and investment…
Three Hong Kong franchised bus companies have applied to increase fares by between 6.5 and 9.5 per cent, despite two of them reporting profits in the last financial year. KMB and New Lantao Bus both applied to raise fares by 6.5 per cent, while Citybus was seeking an increase of nearly 9.5 per cent for…
NEW YORK (AP) — Wall Street is feeling the downside of high expectations on Thursday, as Microsoft and Meta Platforms drag U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 1.6% in midday trading and on track for its worst day in nearly eight weeks, falling further from its record set earlier this month….
HONG KONG — In the four years since they began operating, Hong Kong’s eight virtual banks have yet to become consistently profitable as they struggle with a low volume of transactions. While one says it is recording “monthly net profits,” two others say the break-even point is in sight. Source link