BOJ seeks to make its ammunition last longer as options dwindle
The Bank of Japan pledged to keep its massive stimulus in place but made tweaks to reduce adverse effects of its policies on markets and commercial banks, reflecting the central bank’s view that its inflation target remains stubbornly out of reach.
Procter & Gamble quarterly sales below estimates, shares fall
Procter & Gamble Co’s quarterly sales fell below Wall Street estimates on Tuesday, as the consumer products company had a disappointing performance at its grooming unit that makes Gillette razors and shaving products.
Honda resists U.S. tariff hit for now, first-quarter profit at 12-year high
Honda Motor said the impact of U.S. steel and aluminum import tariffs on its bottom line had so far been limited, as it posted a surprise jump in quarterly profits to their highest in more than a decade on improving North American sales.
Pulp problems: Why shoppers may pay more for tissues, toilet paper
With toilet roll and tissues swept up in an escalating international trade row, it’s not just Procter & Gamble’s Charmin that’s going to get the squeeze.
Pfizer beats profit estimates on higher sales of Prevnar, Xeljanz
U.S. drugmaker Pfizer Inc posted a better-than-expected quarterly profit on Tuesday, driven by higher sales of pneumonia vaccine Prevnar and arthritis drug Xeljanz.
Panasonic expects Tesla battery biz to contribute to profit as early as October
Panasonic Corp on Tuesday said it expects its battery business with U.S. electric vehicle maker Tesla to contribute to profit from the second half of its business year, as production of mass-market Model 3 cars picks up pace.
World shares under tech cloud, no lift from Japan’s dovish policy pledge
Reassurance by the Bank of Japan that it will keep its super-easy monetary policies in place for an extended period pushed the yen and global bond yields lower on Tuesday, though mounting concerns about the tech sector kept world stocks under pressure….
Samsung Electronics profit growth slows as Galaxy S9 misses sales targets
Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market.
UK watchdog takes no action against RBS over small business unit
Britain’s markets watchdog said it will take no enforcement action against Royal Bank of Scotland over alleged mistreatment of its small business customers in the wake of the financial crisis.
Volkswagen names company veteran as VW brand COO
Volkswagen Chief Executive Herbert Diess named company veteran Ralf Brandstaetter as Chief Operating Officer of its core VW brand as part of a broader push to renew the carmaker’s senior management and strategy.
