Toyota Motor expects costs and lost sales from its largest ever safety recall to total $2 billion for the year to March, but raised its outlook after posting its strongest operating profit in six quarters. Toyota's recall of more than 8 million vehicles due to problems with unintended acceleration has punished its share price, hurt its reputation and overshadowed what until just two weeks ago had been expected to be an upbeat story of improving earnings.
|
|
Read more...
|
|
 President Barack Obama vowed to "get much tougher" with China on trade and currency rules to ensure U.S. goods do not face a competitive disadvantage, adding to a range of issues weighing on relations. With U.S.-Chinese ties strained over U.S. arms sales to Taiwan and Obama's planned meeting with Tibet's spiritual leader, the Dalai Lama, the U.S. president said his administration was pushing China and other countries to enforce trade rules and further open their markets.
|
|
Read more...
|
 New Zealand's jobless rate surged unexpectedly to a 10-year high in the fourth quarter as more people looked for work in a shrinking job market, forcing investors to scale back expectations of a rate rise before mid-year. The New Zealand dollar slipped nearly a cent in trading on Thursday to a four-and-a-half month low of $0.6968. Wholesale interest rates and swap yields also fell by as much as 12 basis points as markets discounted the chances of an early rate rise.
|
|
Read more...
|
 Lenovo, the world's No. 4 PC brand, returned to the black in its fiscal third quarter, beating expectations and recording its best result in six quarters, helped by one-off gains and strong Chinese demand. It also marked a turnaround for one of China's best-known brands, which this time last year posted its first loss in three years and saw its chief executive resign and the return of Yang Yuanqing as CEO. Since then, the company has tried to return to its roots as an emerging markets specialist, after it struggled to integrate Western-focused assets it acquired with its purchase of IBM's PC business in 2005.
|
|
Read more...
|
 Australian retail sales slipped in December as consumers recovered from a spending binge the previous month but sales for the whole fourth quarter were up strongly, making a healthy contribution to economic growth. Other government data out on Thursday showed approvals to build new homes rose a massive 53 percent in December, from a year earlier, heralding a boom in home construction. "These are pretty good figures overall," said Brian Redican, a senior economist at Macquarie.
|
|
Read more...
|
|
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
|
Page 1 of 66 |
