Commerzbank, Helped By Rates, Swings To Bigger-than-expected Q2 Profit
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Germany’s Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit,…
August 2022
BMW Sees Earnings Margin Drop Amid China JV Consolidation
BERLIN (Reuters) – BMW saw a drop in its automotive margin on earnings before interest and taxes to 8.2% from…
Asian shares rise on optimism on economic data, earnings
TOKYO (AP) — Asian shares mostly rose Thursday as investors welcomed encouraging economic data and quarterly earnings reports from big…
Toyota Likely To Post Lower Q1 Profit As Production Woes Cast Shadow
By Satoshi Sugiyama TOKYO (Reuters) – Toyota Motor Corp is expected to report a double-digit drop in first-quarter profit this…
S.Korea’s Home Prices To Fall Up To 2.8% With 100 Bp Rate Hike – Central Bank Report
By Cynthia Kim SEOUL (Reuters) – South Korea’s residential property prices are likely to drop by up to 2.8% in…
BHP To Boost Nickel Exploration Spending Amid EV Boom
KALGOORLIE, Australia (Reuters) – BHP Group will increase its spending on nickel exploration over the next two years to meet…
Singapore Bank OCBC’s Q2 Profit Jumps 28%, Upbeat On Outlook
By Anshuman Daga SINGAPORE (Reuters) -Singapore’s second-largest lender Oversea-Chinese Banking Corp Ltd (OCBC) reported a stronger-than-expected 28% jump in quarterly…
Robinhood cuts 23% of its workforce as fewer users trade
NEW YORK (AP) — Robinhood Markets said Tuesday it’s cutting nearly a quarter of its workforce, as crashing cryptocurrency prices…
America’s Biggest Warehouse Is Running Out Of Room. It’s About To Get Worse
By Lisa Baertlein SAN BERNARDINO, Calif. (Reuters) – America’s largest warehouse market is full as major U.S. retailers warn of…
Fraud Charges In Hacking Case Against Uber Ex-security Chief Are Dismissed
By Jonathan Stempel (Reuters) – A U.S. judge on Tuesday granted a request by prosecutors to dismiss fraud counts against…