Business & Finance News
Danish brewer Carlsberg posted fourth-quarter sales above expectations on Wednesday, driven by a strong growth in China, but said it sees 2019 organic growth below last year’s level.
Asian shares were subdued on Wednesday after U.S. President Donald Trump’s State of the Union address failed to give markets fresh trading catalysts, while the Australian dollar nosedived after the central bank opened the door to a possible rate cut.
Canadian pharmaceutical industry lobby groups, in an effort to head off a planned crackdown on prescription drug prices, offered to give up C$8.6 billion ($6.6 billion) in revenue over 10 years, freeze prices or reduce the cost of treating rare diseases, according to interviews and documents seen by Reuters.
Danish brewer Carlsberg on Wednesday posted fourth-quarter sales above expectations and said it expects organic operating profit to grow by mid-single-digit percentage in 2019, well below last year.
Japan’s SoftBank Group Corp reported a 60 percent rise in quarterly operating profit on Wednesday, buoyed by rising valuations of its technology investments.
Toyota Motor Corp’s quarterly operating profit edged up as continued increase in sales in Asia, including China, offset lower sales in North America, its biggest market.
United Airlines said on Wednesday it was adding 1,600 premium seats to nearly 250 international and domestic aircraft, including the introduction of a first-class cabin on 50 Bombardier Inc regional jets.
Asian shares were subdued on Wednesday after U.S. President Donald Trump’s State of the Union speech failed to give markets fresh trading catalysts, while the Australian dollar slumped after the central bank opened the door to a possible rate cut.
Electric carmaker Tesla Inc is lowering the price of its Model 3 by $1,100, citing the end of a costly customer referral program, a company spokeswoman said on Wednesday.
Asian shares started cautiously on Wednesday as investors waited to see if U.S. President Donald Trump drops any hints of progress on tariffs in his State of the Union speech.
Walt Disney Co reported quarterly earnings on Tuesday that handily topped Wall Street estimates thanks to a booming theme park business and growth at its ABC broadcast network as the company invests in a digital media future.
Videogame maker Electronic Arts cut its yearly revenue outlook on Tuesday after its newest “Battlefield” title sold about a million fewer units than expected, amid rising competition in an industry being reshaped by upstarts like “Fortnite” and “PUBG.”
A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords has been granted a temporary reprieve from creditor lawsuits.
Uniper on Tuesday said it would start fresh talks with its biggest shareholder, Finland’s Fortum, about future cooperation, renewing investor hopes that there could be a full takeover of the German energy group.
Snap Inc said the number of people using its Snapchat app would remain at current levels this quarter, easing worries the company would continue to lose users to rival Facebook Inc’s Instagram and sending its shares up more than 20 percent.
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