Samsung Electronics to pass fewer orders to China supplier in child labour response
SEOUL (Reuters) – Samsung Electronics Co Ltd said it will do 30 percent less business with a parts supplier after uncovering employment of child workers at the China-based firm, marking the IT giant’s strongest objection to the illegal practice to date…
Toyota reliance on U.S. deepens as emerging markets falter
TOKYO (Reuters) – Toyota Motor Corp’s reliance on the U.S. market to drive record profits is deepening this year, its latest outlook showed, with strong sales of refurbished SUVs and Camry sedans expected to offset weakness in Thailand and other emergi…
Toyota first quarter profit rise beats estimates, U.S. sales outlook raised
TOKYO (Reuters) – Toyota Motor Corp posted a forecast-beating 4.4 percent rise in April-June operating profit and raised its North America vehicle sales target for the year to next March, boosted by strong sales of SUVs and pickup trucks in the United …
Toyota first quarter profit rise beats estimates, U.S. sales outlook raised
TOKYO (Reuters) – Toyota Motor Corp posted a forecast-beating 4.4 percent rise in April-June operating profit and raised its North America vehicle sales target for the year to next March, boosted by strong sales of SUVs and pickup trucks in the United …
Strong earnings lift Europe shares; euro falls on PMIs
LONDON (Reuters) – European shares eked out gains on Tuesday driven by upbeat earnings from a number of blue-chip companies, while the euro fell to the day’s low after a broadly disappointing set of services activity data.
Daimler says assisting Chinese authorities in investigation
BEIJING/SHANGHAI (Reuters) – Daimler AG’s luxury brand Mercedes-Benz said it is cooperating with China’s anti-monopoly authorities over an investigation into unspecified matters, after local Chinese media reported the German automaker’s Shanghai office…
Macau casino workers demand bigger share of the winnings
HONG KONG (Reuters) – Disgruntled casino workers are becoming a costly thorn in Macau’s side.
Exclusive: Wall Street banks take heart from leveraged loan exams
NEW YORK (Reuters) – Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses.
Argentina launches investigation into holdouts’ investments
BUENOS AIRES (Reuters) – Argentina’s markets watchdog on Monday launched an investigation into what it believes may have been unlawful speculation by holdout creditors whose litigation against the country for repayment of their defaulted bonds pushed i…
LinkedIn, U.S. Labor Dept settle overtime case for $6 million
WASHINGTON (Reuters) – LinkedIn Corp agreed to pay about $6 million in back overtime and damages to 359 current and former employees after a U.S. Department of Labor investigation found the online career networking company violated the country’s wage l…
