YOKOHAMA: Nissan Motor Co forecast a 28per cent drop in its annual operating profit, setting it up for the weakest earnings in 11 years and underscoring its struggle to turn the page after the ouster of former Chairman Carlos Ghosn. The lacklustre performance at Japan's No.2 automaker, which has...
British telecoms giant Vodafone announced Tuesday that it recorded a vast annual net loss of 7.6 billion euros ($8.5 billion), hit partly by the sale of its Indian assets.
BEIJING: Beijing's latest retaliation against US tariff hikes - an increase on US$60 billion of US imports from Jun 1 - could leave China running low on ammunition in the trade war. China imports almost four times less than it exports to the United States, and Beijing already levies punitive...
Torturously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilize the global economy in an era of lower interest rates, a top Federal Reserve policymaker said on Tuesday.
Shares in Bayer were down 5.9 percent in early trade on Tuesday after a jury awarded more than US$2 billion to a California couple in the largest U.S. jury verdict against the company over allegations its Roundup weed killer causes cancer.
The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries.
RATINGS agency Moody’s Investors Service said in a report the proposed final Basel III rules are "credit positive for Singapore banks" as they would maintain their "very strong capital ratios".
Volkswagen will invest almost 1 billion euros (US$1.1 billion) in battery cell production at a facility in western Germany and is seeking to simplify the group by spinning off or selling units, the automaker said on Monday.
China and the United States both have the "ability and wisdom" to reach a trade deal that is good for both, the Chinese government's top diplomat said, as U.S. President Donald Trump said he thought recent talks in Beijing would be successful.
Bitcoin surged to more than US$8,000 late on Monday, its highest level since July last year, as the cryptocurrency's rally gained further momentum.
