Mitsubishi Motors switches gears to slower growth

Mitsubishi Motors Corp forecast on Thursday a 19 percent fall in operating profit this year as it reins in aggressive growth amid slowing global car demand and charts a new course after the ouster of former chairman Carlos Ghosn.
9 May 2019, 18:01 PM

Panasonic net profit up

Japanese electronics giant Panasonic reported a boost in yearly net profits on Thursday but offered a pessimistic forecast for the year ahead thanks to slower sales of industrial systems and reform costs.
9 May 2019, 18:01 PM

Japan’s labour shortage eats away at back-breaking work culture

When she worked in sales for a Japanese bank, Chihiro Narazaki was passed over for the best assignments in favour of older colleagues. Her input was discouraged and she often stayed late just to do routine paperwork.
8 May 2019, 18:00 PM

Toyota annual net profit drops by a quarter

Profits at Japanese car giant Toyota hit the skids despite record sales, the company admitted Wednesday, although it said it expected to accelerate out of trouble in the year ahead.
8 May 2019, 18:00 PM

Q1 profits tumble for Germany’s second largest lender

Germany’s second-largest lender Commerzbank said Wednesday it was sticking to full-year forecasts for 2019 even as profits halved in the first quarter, after merger talks with rival Deutsche Bank fell through.
8 May 2019, 18:00 PM

SoftBank Corp to spend $4b to up Yahoo Japan stake, sees profit rising 24pc

Japanese telco SoftBank Corp said on Wednesday it would spend $4 billion to up its stake in Yahoo Japan Corp and turn the internet company into a subsidiary, a move that would help boost its profit by 24 percent this year.
8 May 2019, 18:00 PM

Apple’s upbeat forecast pushes market value back toward $1tn

Apple Inc shares rose nearly 5 percent on Wednesday, pushing the iPhone maker’s market valuation back toward $1 trillion as its quarterly report and upbeat forecast soothed investors worried about falling iPhone sales.
2 May 2019, 18:00 PM

US Fed sees no strong case for hiking or cutting rates

“We think our policy stance is appropriate at the moment; we don’t see a strong case for moving it in either direction,” Fed Chairman Jerome Powell said in a press conference following the end of the central bank’s latest two-day policy meeting.
2 May 2019, 18:00 PM

India’s factory growth hits eight-month low

India’s factory activity expanded at its slowest pace in eight months in April as growth in new orders and output dipped as national elections got under way, a private business survey found.
2 May 2019, 18:00 PM

Gold slips from over one-week high

Gold prices slipped on Monday from a more than one-week high hit in the previous session as strong data from China and the United States buoyed stock markets, denting the appeal of bullion.
29 April 2019, 18:00 PM

US firms trim growth forecasts amid tariffs, worker shortage

As they continue to feel the impact of US trade wars and struggle to find workers, American companies have rolled back their growth estimates for this year, according to a survey released Monday.
29 April 2019, 18:00 PM

US oil-storage industry fines soar on air, water violations

Fines for violations of air, water and waste regulations by US petroleum storage facilities so far this year have exceeded all of last year - even without including two major Houston-area disasters in the last month still under investigation - according to a Reuters analysis of federal data.
29 April 2019, 18:00 PM

Britain urges caution over Huawei role in 5G network

British Foreign Secretary Jeremy Hunt has urged caution over the role of China’s Huawei in the UK, saying the government should think carefully before opening its doors to the technology giant to develop next-generation 5G mobile networks.
29 April 2019, 18:00 PM

World’s largest bank posts 4.1pc Q1 profit rise

Industrial and Commercial Bank of China Ltd (ICBC), the world’s biggest commercial lender by assets, posted a 4.1 percent rise in profit for the three months ended March, its fastest growth for the period since 2014.
29 April 2019, 18:00 PM

EU launches billion-euro loan plan for young farmers

The European Union on Monday launched a plan to give up to one billion euros in cheaper loans to young farmers, who are often turned away by banks.
29 April 2019, 18:00 PM

Euro zone loan growth lets up pace in March

The pace of growth in lending to eurozone households and businesses fell back in March, European Central Bank data showed Monday, in a fresh pointer towards slowing growth across Europe.
29 April 2019, 18:00 PM

Trade talks reach endgame

US negotiators head to China on Tuesday to try to hammer out details to end the two countries’ trade war, including the shape of an enforcement mechanism, the success or failure of which could set the trajectory of ties for years to come.
29 April 2019, 18:00 PM

China’s BRI should be positive for commodities, but evidence is elusive

CHINA’S ambitious Belt and Road Initiative (BRI) is one of those vast programmes that should be positive for global commodities, but finding any concrete proof of increased demand is proving far more elusive.
29 April 2019, 18:00 PM

Microsoft sets sights on cloud business in Bangladesh

MICROSOFT is targeting to get huge business through its cloud solution segment in Bangladesh, especially from the private sector, as the country has been advancing digitally for the last few years.
29 April 2019, 18:00 PM

EU forces Visa and MasterCard to cut fees

The European Union will oblige credit card giants Visa and MasterCard to reduce their fees for payments on transactions involving cards
29 April 2019, 18:00 PM