Toyota books best quarterly profit in 2.5 years on higher Asia sales
Toyota Motor Corp on Friday posted a 19 percent profit jump for the first quarter, beating estimates and clocking its best quarterly performance in two-and-a-half years on the back of higher sales and cost reductions in Asia.
Bezos throws cash, engineers at rocket program as space race accelerates
Amazon.com founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm’s heavy rocket set for lift-off in 2020 may slip behind schedule, according to people familiar with the p…
Strong U.S. job growth expected in July, tariffs yet to bite
U.S. companies likely maintained a strong pace of hiring in July, suggesting that the robust economy was helping the labor market to weather trade tensions, which could allow the Federal Reserve to raise interest rates again in September.
Toyota Motor reports 19 percent rise in first-quarter profit, beats estimates
Toyota Motor Corp on Friday posted a 19 percent rise in first-quarter profit, beating estimates, on the back of sales growth in Asia and cost reductions in that region and at home.
Japan mulls sovereign wealth fund for U.S infrastructure investment: Nikkei
Japan is considering creating a sovereign wealth fund to invest in U.S. infrastructure projects and U.S.-Japan joint projects in third countries and will float the idea at two-way trade talks in Washington next week, the Nikkei daily reported on Friday…
Heineken seals $3.1 billion tie-up with China Resources Beer, shares surge
Heineken NV has struck a $3.1 billion partnership with a company that controls China’s largest brewer, China Resources Beer Co Ltd , as the two firms seek to tap a growing thirst for premium brands in the world’s biggest beer market.
Asia stocks capped, dollar at two-week high as trade war dents confidence
Asian stocks inched up on Friday following a tech-led rise on Wall Street, although the latest exchange of trade threats between Beijing and Washington capped gains and drove safe-haven flows to the dollar, which hovered near a two-week high.
Apple CEO calls $1 trillion value a ‘milestone’ but not a focus
Apple Inc Chief Executive Tim Cook said on Thursday that the iPhone maker’s $1 trillion market capitalization was “not the most important measure” of the company’s success but was instead a result of its focus on its products, customers and company va…
Trade fight drags, but Apple’s $1 trillion milestone boosts U.S. indexes
An intensifying trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped major U.S. indexes close in positive territory.
Heineken agrees to sell China operation to CR Beer in $3.1 billion deal
Heineken NV said on Friday it has agreed to sell its China operations and take a 40 percent stake in a firm controlling the country’s biggest beer maker China Resources Beer Co Ltd in a $3.1 billion deal.
