Sony sees profit rise despite waning interest in video games
TOKYO (AP) — Sony’s profit edged up 3% in the last quarter, weathering production setbacks from COVID-19 lockdowns in Shanghai…
July 2022
BA-owner IAG Returns To Profit After COVID-19 Slump
By Kate Holton LONDON (Reuters) -British Airways-owner IAG on Friday returned to profit for the first time since the outbreak…
Stocks rally again, close out best month since Nov. 2020
Stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather…
EssilorLuxottica Improves Margin In Challenging Market
By Jagoda Darlak (Reuters) -Luxury eyewear company EssilorLuxottica raised its operating margins substantially in the first half of the year,…
Swiss National Bank Posts Biggest Ever First Half Loss
ZURICH (Reuters) -The Swiss National Bank reported a first half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday,…
New Zealand Consumers, Businesses Gloomy, Economic Risks Grow
By Lucy Craymer WELLINGTON (Reuters) – New Zealand is at growing risk of sliding into a recession in the second…
China backs away from growth goal, sticks to virus controls
BEIJING (AP) — China’s leaders effectively acknowledged the struggling economy won’t hit its official 5.5% growth target this year and…
China’s ‘common Prosperity’ Drive Slashes Pay And Perks For Investment Bankers
By Selena Li HONG KONG – China’s well-heeled financial dealmakers are getting a crash course in austerity with pay cuts…
Analysis: South Korea’s Sudden Property Slump Tests World’s Most Indebted Consumers
By Cynthia Kim SEOUL (Reuters) – South Korea’s property market has abruptly gone from sizzling hot to floundering, piling pressure…
Japan’s Factory Output Zooms As China Eases COVID Curbs
By Daniel Leussink TOKYO (Reuters) – Japan’s factories ramped up output at the fastest pace in more than nine years…