Business & Finance News
LONDON (Reuters) – Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production.
FRANKFURT (Reuters) – Deutsche Bank announced cutbacks to its bond and equities trading on Thursday in a major overhaul of its troubled investment bank, after posting a 79 percent drop in net profit in the first quarter.
LONDON (Reuters) – Royal Dutch Shell on Thursday reported a 42 percent rise in profits in the first quarter of 2018, the highest in over three years, boosted by higher oil prices and beating analysts’ expectations.
TOKYO (Reuters) – Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential of the market.
FRANKFURT (Reuters) – Deutsche Bank on Thursday announced cuts to its bond and equities trading in a major overhaul of its troubled investment bank after posting a 79 percent drop in net profit in the first quarter.
BEIJING/SHANGHAI (Reuters) – China is considering cutting the import duty on passenger cars by about half as part of the country’s plan to further open up the automobile market, Bloomberg News reported on Thursday, citing people familiar with the matter.
SEOUL (Reuters) – Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.
TOKYO (Reuters) – Japanese automakers that rely heavily on exports to sell their models in the United States would be hardest hit by trade restrictions the country is threatening to impose, as rivals with more limited exposure focus on growing, niche markets.
NEW YORK (Reuters) – China’s ZTE Corp held a conference call on Wednesday with major suppliers, during which a company representative suggested the trade dispute with Beijing may have been a factor in last week’s U.S. order banning American firms from selling goods to the smartphone maker, according to a person familiar with the call.
SEOUL (Reuters) – General Motors Co’s president said on Thursday that it was very close to a resolution to fix its ailing South Korean unit, as its South Korean union accepted a wage deal.
SAN FRANCISCO (Reuters) – Qualcomm Inc’s earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones.
SEOUL (Reuters) – Unionized workers at General Motors Co’s South Korean unit voted to approve a tentative wage deal agreed with the automaker, the union said on Thursday.
TOKYO (Reuters) – Asian stocks rose on Thursday as robust corporate earnings helped Wall Street quell concerns about the surge in U.S. bond yields, while the dollar hovered near 3-1/2-month highs against a basket of currencies.
WASHINGTON (Reuters) – Canadian Foreign Minister Chrystia Freeland said on Wednesday that good progress has been made at the NAFTA trade talks on the key issue of auto rules, though the threat of proposed U.S. steel and aluminum tariffs coming into force next week clouded the mood.
TOKYO (Reuters) – Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
