TOKYO (Reuters) -Toyota Motor Corp plans to produce a record 11 million cars in fiscal 2022, according to a person familiar with the matter. Hitting that production target would depend on a stable supply of chips, the person said. The Nikkei newspaper earlier reported on the production plan. A Toyota spokesperson said the company was…
By Richa Naidu LONDON (Reuters) – Unilever said on Tuesday that it plans to cut about 1,500 roles across senior and junior management as part of a global restructuring plan aimed at streamlining operations and soothing the concerns of worried investors. The announcement comes days after reports that activist investor Nelson Peltz’s Trian Partners has…
By Dominique Vidalon PARIS (Reuters) -Remy Cointreau is confident that demand for its premium cognac in China, the United States and Europe will underpin profit growth this year after the French spirits group beat third-quarter sales forecasts. The pandemic has boosted Remy Cointreau’s drive towards higher-priced spirits to boost profit margins long term, accelerating a…
A look at the day ahead from Sujata Rao. Bears are on the prowl in markets while a different sort menaces Europe’s eastern flank. It’s probably futile to expect the Russian bear to retreat the way Wall Street bears did late on Monday, when sentiment turned on a dime, allowing the S&P 500 which was…
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Credit Suisse warned on Tuesday that it was likely to make a net loss in the fourth quarter as the scandal-hit lender flagged fresh legal costs and said business in its trading and wealth management divisions had slowed. “Profit for the fourth quarter 2021 will be negatively impacted by…
TOKYO (AP) — Asian shares were mixed in muted trading Wednesday as many investors stayed on the sidelines ahead of a U.S. Federal Reserve meeting that will indicate how aggressive it will be in fighting inflation. Japan’s benchmark Nikkei 225 slipped 0.7% in morning trading to 26,929.94. South Korea’s Kospi edged up 0.2% to 2,726.43….
By Selena Li HONG KONG (Reuters) – Asian shares and U.S. futures fell sharply on Tuesday, with investors nervous about the potential for military conflict in Ukraine and ahead of a key Federal Reserve meeting that could offer hints about the timing and pace of rate hikes. Benchmarks slid, with most extending losses in afternoon…
By Dominique Vidalon PARIS (Reuters) -French spirits group Remy Cointreau beat third-quarter sales forecasts and said it was confident that demand for its premium cognac in China, the United States and Europe would underpin profit growth this year. For the 2021/22 full year, Remy Cointreau kept a forecast of “very strong” organic growth in current…
ZURICH (Reuters) – Swiss watchmaker Swatch Group said it expected double-digit sales growth in local currencies this year after sales and profits recovered in 2021. It returned to a net profit of 774 million Swiss francs ($845 million), from a 53 million loss in 2020, while sales at constant currency rose nearly 30% to 7.31…
By Kevin Buckland TOKYO (Reuters) – The safe-haven yen and U.S. dollar rose on Tuesday while the risk-sensitive New Zealand dollar fell with the euro amid escalating worries about both a potential military conflict in Ukraine and a faster pace of Federal Reserve policy tightening. The Australian dollar rose briefly after strong consumer price numbers…
