Business News
Honda raises profit forecast, sticks to Wuhan plant closure schedule
Honda Motor Co raised its forecast for full-year operating profit by 6% on Friday, with a weaker yen increasing the value of its overseas sales.
Year: 2020
Business News
Honda raises full-year operating profit forecast on weaker yen
Honda Motor Co raised its forecast for full-year operating profit by 6% as a weaker yen increased the value of overseas sales.
Business News
Suzuki posts 11% fall in third-quarter profit, hit by slowing India demand
Suzuki Motor Corp reported on Friday an 11% fall in third-quarter operating profit to its lowest in roughly three years as vehicles sales in Japan, Pakistan and Thailand slipped, while demand in India, its biggest market, stayed weak.
Business News
Japanese telco SoftBank posts 15% rise in third-quarter profit, hikes full-year forecast
Japanese telco SoftBank Corp on Friday reported a 15% rise in third-quarter operating profit, beating estimates, underpinned by its mobile business.
Business News
Credit Suisse CEO Tidjane Thiam quits after spying scandal
Credit Suisse said on Friday it had accepted Chief Executive Tidjane Thiam’s resignation following a spying scandal. The Zurich-based bank said he would be replaced by Thomas Gottstein, the head of the bank’s Swiss business.
Business News
Tesla’s surge inspires fans to buy, skeptics to dig in, drives fear of missing out
Pretty much everyone on Wall Street has an opinion about Tesla.
Business News
From black swan to bubble: as virus concerns fade, investors worry about a melt-up
When worries over the coronavirus shook U.S. stocks out of a period of quiet trading last week, investors wondered if the outbreak was the “Black Swan” event that would trigger a sharp decline. Less than a week later, talk has turned instead to a market melt-up.
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From black swan to bubble: as virus concerns fade, investors worry about a melt-up
When worries over the coronavirus shook U.S. stocks out of a period of quiet trading last week, investors wondered if the outbreak was the “Black Swan” event that would trigger a sharp decline. The sharp snapback has revived concerns among some investors that market participants are growing overly confident that easy money policies from central banks will underpin prices, despite serious risks to global growth from the coronavirus. …read more […]
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Business News
Foxconn, Chinese firms refit production lines to make masks amid virus outbreak
A number of Chinese manufacturers including a subsidiary of Apple Inc partner Foxconn have refitted production lines to make masks and medical clothing, as a deadly coronavirus spreads across China.
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Disney CEO pledges to donate to California school PTA fined $250 fee for showing 'Lion King'
Disney CEO Robert Iger has pledged to donate to a California elementary school after its PTA fined $250 for showing the Lion King during a fundraiser. …read more […]
Business News
Fish talks: U.S. official says successful talks crucial for WTO
The United States said on Thursday it was pushing hard for the World Trade Organization to reach agreement on cutting fishing subsidies in coming months and viewed those talks as a test of whether the global body can still achieve multilateral deals.
Business News
Boeing’s fraying 737 MAX suppliers see capacity crunch
Boeing Co suppliers are shedding jobs and capacity to cope with a halt in 737 MAX output, but while that staves off chaos, aerospace executives worry the industry might be unable to ramp factories quickly enough when the plane wins approval to fly again.
Business News
U.S. payroll gains seen picking up, benchmark revisions under spotlight
U.S. job growth likely picked up in January, with unseasonably mild temperatures seen boosting hiring in the weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.
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Asia Stocks Drop After Biggest Jump Since June: Markets Wrap
(Bloomberg) — Asian stocks retreated after their biggest daily jump since June, and U.S. futures slipped after Wall Street notched a fresh record high, as the global rally in risk assets paused Friday.Treasury yields dipped and equity gauges dropped from Tokyo and Seoul to Sydney after news of further coronavirus infections on a cruise ship off Japan offered a reminder that cases remain on the rise. Shares were lower in Shanghai and Hong Kong. Confidence that the epidemic won’t derail the 2020 global expansion has helped put global shares on course for the best week since June. The dollar was …read more […]