TOKYO (Reuters) – Mitsubishi Motors Corp will take a one-time hit of 10.5 billion yen ($78.31 million) related to slowing sales at its China unit, it said on Tuesday, as mounting competition in the world’s largest auto market hits foreign automakers. Mitsubishi made no changes to its full-year results forecast as the impact from the…
BEIJING (Reuters) – China has finished building a national and unified system for real estate registration, the official Xinhua news agency reported on Tuesday, in a landmark move that will boost transparency in ownership. In 2014, China issued rules requiring real estate owners to register their holdings with authorities but faced heavy resistance from local…
By Ludwig Burger FRANKFURT (Reuters) -Novartis on Tuesday raised its full-year earnings outlook following cost cuts, a breast cancer drug trial success and progress in boosting output of a radiotherapy drug against prostate cancer. The Swiss drugmaker said in a statement that excluding Sandoz, a generic drug division to be spun off in the second…
By Andy Bruce LONDON (Reuters) -Britain’s government borrowed less than predicted in the financial year that ended in March, according to data on Tuesday which showed finance minister Jeremy Hunt may be able to adopt a less austere stance ahead of the next general election. The Office for National Statistics (ONS) reported borrowing of 139.2…
SEOUL (Reuters) – Samsung SDI Co Ltd said on Tuesday it will invest $3 billion or more to build a joint venture electric vehicle (EV) plant with General Motors Co in the United States. Targeted to start in 2026, the plan aims to have an annual production capacity of 30 gigawatt hours (GWh), Samsung SDI…
By John Revill ZURICH (Reuters) -ABB Ltd raised its full-year guidance for sales and profit on Tuesday, dispelling some of the recent gloom which has gathered around the industrial sector. The Swiss maker of factory robots and chargers for electric vehicles said it had seen a strong start to the year as it reported first-quarter…
By Jesús Aguado MADRID (Reuters) – Spain’s Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit as a strong performance in Europe offset weaker trade in Brazil and the United States. Its net profit rose to 2.57 billion euros helped by higher lending income and despite a hit of 224 million…
By Jesús Aguado MADRID (Reuters) – Spain’s Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit as a strong performance in Europe offset weaker trade in Brazil and the United States. Its net profit rose to 2.57 billion euros helped by higher lending income and despite a hit of 224 million…
By Jonathan Stempel NEW YORK (Reuters) -A former JPMorgan Chase & Co executive who befriended Jeffrey Epstein urged a U.S. judge to throw out the bank’s lawsuit against him, accusing JPMorgan of deflecting blame for its own failures in working with the late sex offender. In a Monday night filing in Manhattan federal court, Jes…
(Reuters) – North Dakota Governor Doug Burgum on Monday signed into law a bill that would ban most abortions, creating an exception for rape and incest victims but only during the first six weeks of pregnancy. The law, which makes it a felony for a doctor to perform an abortion, provides other exceptions including to…
