Mainly Cloudy 39°. Wind Chill: 36°. Wind: NW 6 mph.
Loading advertisement…
Trending: Lebanese Cabinet approves a draft law to return funds wiped out with the 2019 collapse of banks
HomeNewsNationalBusiness ( Page 475)

Business

Subscribe to the Business News Feed.
SHARE NOW
by

Holiday Inn owner IHG’s global room revenue slows as cooling demand in US weighs

(Reuters) -Holiday Inn owner InterContinental Hotels Group (IHG) on Thursday reported a slowdown in global revenue per available room in the second quarter as economic uncertainties dragged on travel demand in the U.S., its largest market. U.S. President Donald Trump’s tariffs on trade partners and ...
by

SoftBank Group posts $2.87 billion net profit in Q1

TOKYO (Reuters) -Japanese technology investor SoftBank Group logged a net profit of 421.8 billion yen ($2.87 billion) over the April-June quarter. The result compares with a net loss of 174.3 billion yen for the same period a year earlier and the 127.6 billion yen average ...
by

Toyota reports a 37% drop in profit, cuts its forecast due to Trump’s tariffs

TOKYO (AP) — Toyota’s profit plunged 37% in the April-June quarter, the company said Thursday, cutting its full year earnings forecasts largely because of President Donald Trump’s tariffs. The Japanese automaker said it based its report on the assumption that Trump’s tariffs on exports ...
by

Sony raises its profit forecast after saying it expects less damage from Trump’s tariffs

TOKYO (AP) — Japanese entertainment and electronics company Sony said Thursday that its profit surged 23% in the last quarter from the year before, as damage from U.S. President Donald Trump’s tariffs was less than it had expected. The Tokyo-based manufacturer reported its April-June ...
by

Toyota says it will build new car factory in Japan

TOKYO (Reuters) -Toyota Motor said on Thursday it would build a new vehicle factory in its namesake city in central Japan to start operations in the early 2030s. Production models have yet to be decided, the company said in a statement, along with its financial ...
by

Rheinmetall slightly misses Q2 sales expectations but confirms target

BERLIN (Reuters) -Rheinmetall on Thursday posted slightly worse-than-expected second-quarter sales due in part to a delay in German defence contracts being awarded but confirmed its full-year forecast. The German defence company reported sales of 2.43 billion euros ($2.84 billion) in the three months ...
Loading advertisement…
by

Siemens reports Q3 results in line with forecast on weak dollar; confirms 2025 outlook

By John Revill ZURICH (Reuters) -Siemens reported industrial profit in line with forecasts for its latest quarter on Thursday, although the weakening dollar weighed on the German engineering group’s figures. The company, which makes industrial software and trains, reported industrial profit falling 7% to 2.82 billion ...
by

Allianz posts better-than-expected Q2 profit and confirms target

FRANKFURT (Reuters) -Germany’s Allianz on Thursday posted a better-than-expected 13% rise in second-quarter net profit and confirmed its target for the full year. Allianz said the earnings were helped by strength at its property and casualty segment and by a disposal gain of around 300 ...
by

Toyota cuts annual profit estimate, expects $9.5 billion tariff hit

TOKYO (Reuters) -Toyota Motor cut its full-year operating profit forecast by 16% on Thursday, expecting a nearly $10 billion hit from U.S. tariffs on imported cars and grappling with higher material prices and a stronger yen. The world’s biggest automaker cut its operating profit ...
by

China rare earth exports slid in July after hitting peak in prior month

By Amy Lv and Lewis Jackson BEIJING (Reuters) -Rare earth exports from China slumped 23% in July after hitting a record a month earlier, customs data showed on Thursday, although the preliminary data is too incomplete to draw firm conclusions about Beijing’s commitment to speed ...
by

Trump’s higher tariff rates hit goods from major US trading partners

By David Lawder and Andrea Shalal (Reuters) -President Donald Trump’s higher tariff rates of 10% to 50% on dozens of trading partners kicked in on Thursday, testing his strategy for shrinking U.S. trade deficits without massive disruptions to global supply chains, higher inflation and stiff ...
by

Morning Bid: Split Bank of England set to cut rates

A look at the day ahead in European and global markets from Kevin Buckland There’s little doubt in the market’s mind that the Bank of England will cut interest rates later today by another quarter point, making it five cuts in the past year. But a ...
First Previous471472473474475476477478479Next Last