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Tag: cuts
China cuts key interest rate to 4.35%
2015-10-23 15:03:39| BBC News | Business | UK Edition
China cuts its one-year benchmark interest rate by 0.25 percentage points to 4.35%, the central bank announces.
Tiger Airways cuts losses by 93%
2015-10-23 06:32:54| BBC News | Business | UK Edition
Tiger Airways reports a S$12.8m ($9.2m; 6m) net loss for the quarter ending September, a 93% drop from losses a year ago.
Tags: losses
tiger
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airways
Tele2 cuts EBITDA outlook on Dutch expansion plans
2015-10-21 08:37:00| Telecompaper Headlines
(Telecompaper) Tele2 has trimmed its EBITDA outlook for 2015 as it accelerates the launch of its own mobile network in the Netherlands. Tele2 started migrating its own customers to the new network earlier this year and the company said it will now open the services to anyone, as network roll-out progressed faster than expected. This will lead to higher costs in Q4 and lower annual EBITDA of SEK 5.6-5.8 billion, compared to an earlier target fo SEK 5.8-6.0 billion. Tele2 still expects group revenues of SEK 25.5-26.5 billion in 2015 and mid single-digit growth in mobile service revenues. In the third quarter, mobile service revenue was up 5 percent, helping to offset a drop in fixed telephony and broadband revenue. Total sales rose to SEK 6.791 billion from SEK 6.584 billion a year ago. EBITDA already started to feel the impact of the spending in the Netherlands as well as the weaker fixed operations and fell to SEK 1.599 billion from SEK 1.682 billion. The margin dropped to 24 percent from 26 a year ago. Net profit nearly halved to SEK 397 million from SEK 726 million, hurt by an impairment on goodwill in Estonia of SEK 197 million, restructuring costs and a revaluation of the put option in Kazakhstan on currency fluctuations.
Tags: plans
expansion
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outlook
IBM revenue falls more than expected, cuts profit forecast
2015-10-20 21:55:32| Semiconductors - Topix.net
International Business Machines Corp posted a bigger-than-expected drop in revenue for the fifth straight quarter, hurt by a strong U.S. dollar, and cut its full-year profit forecast, sending its shares lower. A man passes by an illuminated IBM logo at the CeBIT computer fair in Hanover February 27, 2011.
Tags: expected
falls
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revenue
Harley-Davidson plans job cuts after earnings drop
2015-10-20 17:28:37| Automakers - Topix.net
Harley-Davidson Inc. plans to cut an unspecified number of jobs and ship fewer motorcycles than it had planned for the year after reporting third-quarter earnings and revenue results that fell short of Wall Street expectations.
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