Daimler cuts dividend as fourth-quarter Mercedes earnings take tariff hit
Daimler cut its dividend as fourth-quarter operating profit fell 22 percent as trade wars and rising costs for developing electric and self-driving cars hit profits at Mercedes-Benz cars, the company said on Wednesday.
German ministers meeting to discuss how to deal with Huawei in 5G auction: source
German ministers are meeting on Wednesday to discuss how to deal with China’s Huawei Technologies in building Germany’s 5G network, a government source told Reuters.
Daimler fourth quarter tempered by weaker Mercedes earnings as tariffs hit
Daimler’s fourth-quarter operating profit fell 22 percent as trade wars and ballooning costs for developing electric and self-driving cars hit profits at Mercedes-Benz cars, the company said on Wednesday.
German cabinet to hold secret session on Huawei’s role in 5G network: paper
The German cabinet will hold a secret session on Wednesday to discuss safeguard measures regarding the possible participation of China’s Huawei Technologies in building Germany’s 5G network, the daily Handelsblatt said, citing government sources.
Nippon Steel cuts full-year profit forecast by 5.7 percent on lower steel output
Japan’s top steelmaker Nippon Steel & Sumitomo Metal Corp on Wednesday warned its annual profit would be less than previously forecast, citing lower crude steel output for the 12 months ending March 31.
SoftBank Group unveils $5.5 billion stock buyback, third-quarter profit soars 60 percent
Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments.
Bet everything on electric: Inside Volkswagen’s radical strategy shift
If Volkswagen realizes its ambition of becoming the global leader in electric cars, it will be thanks to a radical and risky bet born out of the biggest calamity in its history.
Credit Suisse warns of higher tax rate under new U.S. rules
Credit Suisse expects a higher tax rate for 2018 than previously forecast, it said on Wednesday, citing U.S. tax changes aimed at preventing companies from shifting profits abroad.
Brewer Carlsberg sees lower growth ahead with China as bright spot
Danish brewer Carlsberg posted fourth-quarter sales above expectations on Wednesday, driven by a strong growth in China, but said it sees 2019 organic growth below last year’s level.
Asian shares subdued after Trump address, Aussie tumbles on RBA shift
Asian shares were subdued on Wednesday after U.S. President Donald Trump’s State of the Union address failed to give markets fresh trading catalysts, while the Australian dollar nosedived after the central bank opened the door to a possible rate cut.
