Q2 profit 562.7 billion yen vs. 772.2 billion yen forecast Cuts FY production target to 9.2 million units from 9.7 million Unclear when the chip shortage will end – executive Results ‘very unimpressive’ considering positive factors -analyst Shares end down 1.9%, Nikkei benchmark up 0.3% TOKYO, Nov 1 (Reuters) – Toyota Motor Corp (7203.T) on …
Toyota cuts output target amid chip crunch as profit tumbles 25% Read More »
Oct 27 (Reuters) – Apple Inc (AAPL.O) on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech sector battered by spending cutbacks due to inflation. The forecast for the holiday quarter was more grim. While not providing specific numbers, Apple said revenue growth would fall …
Caterpillar, McDonald’s gain on earnings beats US economic growth rebounds in Q3 Meta plunges on weak forecast Amazon slumps after the bell following a weak report Dow up 0.61%, Nasdaq down 1.63%, S&P down 0.61% NEW YORK, Oct 27 (Reuters) – The S&P 500 and the Nasdaq posted losses on Thursday, as investors contended with …
S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture Read More »
Shell to boost dividend by 15% Announces plans to buy further $4 billion in shares Profit hit by weak LNG trading and refining LONDON, Oct 27 (Reuters) – Shell (SHEL.L) on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said …
Shell reports drop in profit to $9.45 billion, hikes dividend Read More »
ZURICH, Oct 27 (Reuters) – Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking towards its rich clients, as the bank attempts to put years of scandals behind dog The Swiss lender outlined on Thursday what its chairman Axel Lehmann …
Credit Suisse seeks billions from investors in make-or-break overhaul Read More »
Investment cut comparable to 2008-09 financial crisis Q3 profit plunges 60%, misses estimates Inflation, gloomy economic outlook weigh on demand SEOUL, Oct 26 (Reuters) – South Korea’s SK Hynix Inc (000660.KS) warned on Wednesday of an “unprecedented deterioration” in memory chip demand, deepening fears of global recession, and said it would slash investment after quarterly …
In ‘unprecedented’ global chip slump, SK Hynix to halve investment as recession looms Read More »
Oct 14 (Reuters) – Profits slid at Wall Street’s biggest banks in the third quarter as they braced for a weaker economy while investment banking was hit hard, but investors saw a silver lining with some banks beating estimates. JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N), Citigroup Inc (CN) and Wells Fargo & Co’s …
Wall Street banks’ profits slide as economic clouds loom, some beat forecasts Read More »
Oct 13 (Reuters) – BlackRock Inc (BLK.N) posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout, but its assets under management fell below expectations. The threat of a recession, surging interest rates and the …
BlackRock assets fall below $8, profit beats on strong ETF demand Read More »
To buy back up to $3 billion in debt Seen as a bid to reassure nervous investors Move comes weeks ahead of planned overhaul Shares up as much as 3% in early trade ZURICH, Oct 7 (Reuters) – Credit Suisse ( CSGN.S ) will buy back up to 3 billion Swiss francs ($3 billion) of …
Credit Suisse pays down debt to calm investor fears Read More »
Credit Suisse caught in market turbulence ahead of revamp Shares fell as much as 10% in early trading on Monday Bank’s euro-denominated bonds reach record lows Swiss bank says its capital, liquidity are strong ZURICH, Oct 3 (Reuters) – Credit Suisse (CSGN.S) shares slid by as much as 10% on Monday, reflecting market concerns ahead …
Credit Suisse shares slip despite moves to soothe investor concerns Read More »
