Volvo Cars posts rise in fourth-quarter profit, helped by cost cuts and sales growth
Sweden’s Volvo Car Group, owned by China’s Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset...
Equinor fourth-quarter profit beats forecast amid oilfield startup
Norway’s Equinor reported a smaller-than-expected drop in fourth-quarter core operating profits on Thursday as the startup of a major new oilfield partly mitigated the impact...
Toyota lifts annual profit forecast, looking at alternate sources for China-made parts
Toyota Motor Corp raised its annual operating profit forecast by 4.2% on favorable currency rates and better-than-expected vehicle sales, but added that the impact of...
Huawei launches legal action against Verizon alleging unauthorized patent use
China’s Huawei Technologies Co Ltd has launched legal action against Verizon Communications Inc , alleging the U.S. carrier used 12 of its patents without authorization....
Mitsubishi postpones first SpaceJet delivery for at least another year
Japan’s Mitsubishi Aircraft Corp said on Thursday it will delay the first delivery of its SpaceJet regional jet for at least another year until after...
Toyota lifts annual profit forecast on currency moves, three-quarter profit eases
Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen, while it also expects to...
Toyota boosts full-year profit forecast on currency moves, third-quarter profit eases
Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen....
China to halve tariffs on some U.S. imports
China said on Thursday it will halve additional tariffs levied against 1,717 products imported from the United States last year, following the signing of a...
Asian shares gain after solid U.S. data, China edges up
Asian stocks edged up on Thursday, cheered by record closes in Wall Street benchmarks after encouraging economic data, although investors kept a wary eye on...
Oil rises, extending gains amid optimism over China coronavirus
Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China...