Japan’s Honda Motor Co reported a 16% drop in first-quarter operating profit on Friday, as a stronger yen weighed on overseas earnings and U.S. vehicle sales dropped.
Global stocks took a beating on Friday, with investors piling into safe-haven assets but oil prices recouped some losses after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1.
Taiwan’s Foxconn is exploring the sale of its new $8.8 billion display panel factory in China, people familiar with the matter told Reuters, as demand for the product wanes amid an intensifying U.S.-China trade war.
Toyota Motor Corp cut its full-year profit forecast on Friday by nearly 6% on expectations a stronger yen will weigh on its bottom line, overshadowing its best quarterly performance in nearly four years.
Campbell Soup Co on Friday confirmed that it signed a deal to sell its Australian snacks unit Arnott’s and some of its international operations to KKR & Co Inc for $2.2 billion as the U.S. company works on reducing debt.
Toyota Motor Corp posted on Friday an 8.7% rise in first-quarter profit due to a slight increase in global vehicle sales and an improvement in marketing costs
Taiwan’s Foxconn is exploring the sale of its upcoming $8.8 billion display panel factory in China, people familiar with the matter told Reuters, as demand for the product wanes amid an intensifying U.S.-China trade war.
U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets.
U.S. job growth likely slowed in July after outsized gains in the prior month, with wages probably maintaining their moderate pace of increase, which could boost market expectations for another interest rate cut from the Federal Reserve next month.
Threatening more tariffs on Chinese goods was not a correct or constructive way to resolve the U.S.-China trade dispute, senior Chinese diplomat Wang Yi said on Friday after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1.
Global stocks took another beating on Friday with investors piling into safe-haven assets after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1.
Oil prices rose more than $1 on Friday, rebounding from their biggest falls in years after U.S. President Donald Trump imposed more tariffs on Chinese imports, intensifying the trade war between the world’s two biggest economies and crude consumers.
Boeing Co plans further changes to the software architecture of the 737 MAX flight-control system to address a flaw discovered after a test in June, two people briefed on the matter said late on Thursday.
U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply raising the stakes in a bruising trade war with China and jolting global financial markets.
Global stocks took another beating on Friday while investors piled on to safe-haven assets after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month.
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