Toyota upgrades forecast even as Q1 net profit slumps
Toyota upgrades forecast even as Q1 net profit slumps
PARTNER
Stocks steady as markets bet on hefty Bank Of England hike
Strong earnings at Credit Agricole and Lufthansa lifted stocks on Thursday as tension over Nancy Pelosi's visit to Taiwan eased and markets bet the Bank of England will hike interest rates by the largest amount since 1995 to quell inflation.
FX markets haven't seen last of dollar strength yet - analysts
The dollar's strength has yet to peak, according to a majority of currency strategists polled by Reuters who were however divided on when the currency's advance would come to an end.
Elon Musk's Twitter countersuit due by Friday as acrimony grows
Twitter Inc and Elon Musk, who are suing each other over the world's richest person's effort to exit their $44 billion merger, couldn't even agree on how much to tell the public about their dispute.
More news
Airbnb reports soaring revenue as travel rebounds
The home rental platform logged a net income of $379 million in what it touted as the most profitable second quarter in its history.
BP profit triples to $9.3 bn on soaring energy prices
Net profit hit $9.3 billion in the three months to June -- a threefold increase from the same period last year, the company said in a results statement.
Banks must reflect cost of living crisis in pay, says UK watchdog
Britain's financial watchdog said on Tuesday that the cost of living crisis, meeting climate targets and improving diversity should be reflected in how banks determine pay and bonuses.
Austria's RBI sees big profit gains in Russia and Belarus
The Russian and Belarusian operations of Raiffeisen Bank International (RBI) posted the sharpest gains in profit among its subsidiaries in the first half.
After a record first half, Lamborghini prepares for a cold winter
Chief Executive Stephan Winkelmann said he is preparing for a challenging winter if Europe's energy crunch gets worse.
Natural disaster losses hit $72 bn in first half 2022: Swiss Re
Total economic losses caused by natural disasters hit an estimated $72 billion in the first half of 2022.
UK's Domino's Pizza says inflation took bite out of profits
Britain's Domino's Pizza reported a 16% fall in first-half pretax profit on Tuesday.
U.S. crypto firm Nomad hit by $190 million theft
U.S. crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday.
Cancelling planned strike, Boeing workers to vote on revised contract offer
A union representing nearly 2,500 employees at three Boeing Co defense locations in the St.
Uber Eats in focus as inflation-hit consumers rethink ordering in
The food-delivery business that kept Uber Technologies' earnings afloat during the peak of the pandemic is expected to show signs of strain in second-quarter results due on Tuesday as decades-high inflation crimps consumer spending.
Bank of England to get more aggressive with 50 Bps hike on Thursday
The Bank of England is now expected to lift borrowing costs by a bigger 50 basis points to 1.75% on Thursday as it battles soaring inflation, according to a Reuters poll taken over the past week after several economists changed their minds.
Alibaba shares extend losses on US delisting fear
Alibaba led technology stocks lower in Hong Kong on Monday after US authorities put it on a watchlist that could see it delisted in New York if it does not comply with disclosure orders.
HSBC H1 pre-tax profit falls, dismisses calls for split
HSBC bank on Monday said pre-tax profit fell in the first half, and appeared to rebuff calls to spin off its Asian activities on the eve of a key shareholder meeting.
From boom to gloom, Australia's red hot property market hits reverse
A little more than half of the properties being auctioned are selling in most main cities, down from three quarters as recently as March.
Indonesia's inflation jumps to 7-year high, sparks calls for rate hike
Indonesia's inflation accelerated to its highest in seven years, above the central bank's target range, while core inflation remained within target.
HSBC hangs up on Ping An break-up call, lifts payout and profit goal
HSBC pushed back on a proposal by top shareholder Ping An Insurance Group Co of China to split the lender.
China's economic wobbles worsen as factory, property woes mount
China's wobbly economy stumbled further at the start of the second half of the year, with factories unexpectedly switching back to the slow lane.
Australia considers curbing gas exports to avert domestic supply crunch
Australia said on Monday it will decide whether to curb exports of liquefied natural gas (LNG) after a watchdog urged restrictions.
Inflation begins to strain finances of young, low-income Americans
As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to feel financial pressure.
Macau to reopen after Covid sinks gaming revenue to record low
Macau was set to remove most coronavirus restrictions on Tuesday after the casino hub's gaming revenue hit its lowest level on record.
Japan's top airline ANA reports first net profit in 10 quarters
ANA on Monday posted a quarterly net profit for the first time in two and a half years as the sector recovers from the financial pain of the pandemic.
Australia home prices slide, Sydney suffers worst month in 40 years
Australian home prices slid for a third month in July and the pace quickened as Sydney suffered its worst decline in almost 40 years amid rising borrowing costs and a cost-of-living crisis.
Crypto clients beg for their cash back after lender's crash
Celsius and its CEO Alex Mashinsky had billed the platform as a safe place for people to deposit their crypto currencies in exchange for high interest, while the firm lent out and invested those deposits.
Britain's trains disrupted in second widespread rail strike in a week
Around 5,000 train drivers across almost a quarter of Britain's rail network went on strike on Saturday, as part of a campaign for higher pay after the country's inflation rate hit its highest in 40 years.
UK businesses expect zero growth over next 3 months - CBI
British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer demand, a monthly survey showed on Sunday.
UK companies may face 'action' if they downplay climate risk, watchdogs say
Some of Britain's top listed companies could be downplaying risks from climate change on their bottom line and could face "appropriate action."
Asia's richest woman loses half her wealth due to China's property crisis
Yang Huiyan, the richest woman in Asia, has lost more than half of her wealth due to the ongoing property market crisis in China.
Amazon, Apple beat expectations in gloomy earnings season
Meta lost about two million monthly users between quarters, and Netflix shed nearly a million paying customers, which was less than expected.
Barclays latest global bank ensnared in U.S. 'Whatsapp' probes
Regulators require finance companies to keep a record of vast swathes of staff communications to deter and uncover infringements such as insider trading.
Made in Britain: Broken supply lines drive manufacturing back home
In central England, birthplace of the industrial revolution, factories are buzzing anew, hammering out parts for cars, planes and medical machines that used to be made in Asia.
- Promoted in Business
- 1
- 2
- 3
- 4
- 5
-
UW–Platteville Tragedy: What We Know About the Students Found Dead in Wilgus Hall
-
Why Is Annabelle Touring the US? Quick Facts About the Doll and 'Devils on the Run'
-
What Caused the Nottoway Plantation Fire and Why is Annabelle The Doll Being Linked To It?
-
Death Cap Mushroom Lady Trial Twist: Expert Disputes Phone Data Linking Her to Toxic Mushroom Sites
