Business & Finance News
Volkswagen is set to name Ralf Brandstaetter, the procurement chief of its core VW brand, as Chief Operating Officer of the brand, a person familiar with the matter said.
Japanese Economy Minister Toshimitsu Motegi said on Tuesday that the United States and Japan will hold their first bilateral trade talks in Washington on Aug. 9.
Britain’s markets watchdog said it has closed its enforcement investigation into alleged mistreatment by Royal Bank of Scotland of small business customers, and no action will be taken.
BMW said it is investing 1 billion euros ($1.17 billion) in a new car factory in Debrecen, Hungary capable of building electric cars.
Asia-focused lender Standard Chartered Plc said it expects minimal impact on its income from rising U.S.-China trade tensions, as it reported higher pretax profits and lower bad loan losses for the six months ended June.
Volkswagen is set to name Ralf Brandstaetter, the procurement chief of its core VW brand, as its group Chief Operating Officer, a person familiar with the matter said.
The Bank of Japan took measures to make its massive stimulus program more flexible and pledged to keep interest rates low for the time being on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target.
Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market.
Global bond prices gained and the yen fell on Tuesday after the Bank of Japan (BoJ) wrongfooted hawks as it pledged to keep interest rates extremely low for an extended period.
The Federal Reserve is expected to keep interest rates unchanged on Wednesday but solid economic growth combined with rising inflation are likely keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates.
Bond prices gained on Tuesday while the dollar pared early losses on the yen amid guarded reaction to what was seen as only minor tweaks to the Bank of Japan’s (BOJ) ultra easy monetary policy.
U.S. President Donald Trump’s proposed tariffs on another $200 billion of Chinese goods threaten a niche trade in minor metals and rare earths used in everything from stomach remedies and jet engines to consumer electronics.
Japanese automotive components maker Denso Corp said on Tuesday that it expects to take a hit of up to 80 billion yen ($719 million) this year if the United States raises auto tariffs, Japanese media reported.
The Bank of Japan took measures to make its massive stimulus program more flexible and pledged to keep interest rates low for the time being on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target.
The Bank of Japan pledged to keep interest rates “very low” for the time being and took measures to make its massive stimulus program more flexible on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target.[T9N1TD07B]
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