Business & Finance News
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.
Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday due in part to weak sales of its Galaxy S9 smartphones, and warned of tougher competition ahead for the struggling mobile sector.
The United States and Japan are making final arrangements to hold their first bilateral trade talks in Washington on Aug. 9, Japanese public broadcaster NHK reported on Tuesday.
Embraer said on Monday it will defend itself against a lawsuit brought by leftist lawmakers aimed at halting a bid by Boeing Co to take over most of the Brazilian planemaker’s commercial jet unit, the latest legal headache for the proposed tie-up.
Asian share markets weakened on Tuesday, taking cues from the rout in global technology shares while the yen edged higher ahead of the Bank of Japan’s rate review, at which it could flag a shift away from its massive monetary stimulus.
The Bank of Japan will likely trim its inflation forecasts on Tuesday and consider changes to its massive stimulus program to make it more sustainable, reflecting a growing recognition it will take longer than expected to meet its elusive price goal.
Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as the sluggish global smartphone market weighed on earnings, although the chip business continued to perform well.
Embraer said on Monday it will defend itself against a lawsuit seeking to suspend the Brazilian planemaker’s negotiations with Boeing over a proposed takeover of most of Embraer’s commercial jet unit.
Samsung Electronics Co Ltd posted a 5.7 percent rise in second-quarter profit on Tuesday as strong sales of semiconductors helped the South Korean tech giant defy sluggish growth in the smartphone market.
Chipotle Mexican Grill Inc has shut a restaurant in Ohio following reports of customers falling sick after eating there, the burrito chain said on Monday.
Chipotle Mexican Grill Inc has shut a restaurant in Ohio following reports of customers falling sick after eating there, Business Insider reported on Monday.
Uber [UBER.UL] will stop developing self-driving trucks that have been hauling cargo on U.S. highways, the ride-hailing company said on Monday, seeking to focus its autonomous-vehicle technology solely on cars.
CBS Corp’s board left embattled Chief Executive Leslie Moonves in his post on Monday as it discussed sexual harassment claims against him and took steps to select an outside counsel to lead an independent investigation into the matter.
A broad sell-off of technology stocks pushed the three major U.S. stock indexes lower on Monday, with the Nasdaq Composite posting its third consecutive loss of more than 1 percent for the first time in three years just days after hitting a record high.
CBS Corp’s board on Monday took no immediate action over allegations of sexual misconduct by Chief Executive Leslie Moonves but said it was in the process of selecting an outside counsel to lead an independent investigation into the matter.
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