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Toshiba logs surprise quarterly operating loss on higher materials costs
TOKYO (Reuters) - Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and a sharp rise in costs for raw materials. ...
Syndicated Content Aug 10, 2022
Apple supplier Foxconn’s Q2 profit up 12% on cloud demand
TAIPEI (Reuters) -Apple Inc supplier Foxconn reported on Wednesday a 12% jump in second-quarter net profit, beating market estimates, helped by strong demand for its cloud computing products. The Taiw...
Syndicated Content Aug 10, 2022
Wind turbine maker Vestas Q2 hit by higher costs
COPENHAGEN (Reuters) -Wind turbine maker Vestas on Wednesday reported a bigger-than-expected second-quarter operating loss hit by higher costs. Heightened competition, supply disruptions due to the pa...
Syndicated Content Aug 10, 2022
Supermarket retailer Ahold shelves plan to spin off Bol.com
AMSTERDAM (Reuters) - Supermarket major Ahold Delhaize said on Wednesday it was postponing plans for an initial public offering (IPO) of its non-food retailer, Bol.com, because of unfavourable market ...
Syndicated Content Aug 10, 2022
Honda posts 9% fall in Q1 profit, beats estimate
TOKYO (Reuters) - Japan's Honda Motor Co on Wednesday posted a better-than-expected 9% drop in first-quarter operating profit, squeezed by COVID-19 restrictions in China that curtailed production and ...
Syndicated Content Aug 10, 2022
Norway’s core inflation rises more than expected
OSLO (Reuters) - Norway's core inflation jumped in July to its highest level in more than two decades, exceeding forecasts as the costs of food soared 7.6%, Statistics Norway data showed on Wednesday....
Syndicated Content Aug 10, 2022
TUI says flight disruption costs weigh on Q3 results
(Reuters) -Holiday group TUI posted a third-quarter operating loss on Wednesday due to additional costs related to the air traffic disruptions across Europe, but said summer bookings were close to pre...
Syndicated Content Aug 10, 2022
Dollar trades solidly in calm before CPI storm
By Tom Westbrook SINGAPORE (Reuters) - The dollar traded firmly on Wednesday in anticipation of U.S. inflation data, which even if it comes in softer-than-expected is still likely to be so red hot tha...
Syndicated Content Aug 10, 2022
Thai banks urged to freeze rates even if cbank hikes policy rate-Finance Minister
BANGKOK (Reuters) - Thailand's commercial banks should not rush to raise their interest rates even though the central bank will tighten monetary policy, the finance minister said on Wednesday. The Ban...
Syndicated Content Aug 10, 2022
Marketmind: Suspended in time
A look at the day ahead in markets from Anshuman Daga Are markets displaying signs of nervousness? Probably. Most asset classes show no big moves before Wednesday's release of U.S. CPI data. After las...
Syndicated Content Aug 10, 2022
Peoria, IL, USA
52 °F Rain
