Stock markets - world
World’s biggest pension fund loses $64 bn on stock rout
01 Dec 2015
The fund’s decision last year to invest about 50 per cent in equities, as part of Prime Minister Shinzo Abe’s economic reforms, to generate higher returns for the country’s rapidly growing pension bill, recoiled on it
Volkswagen to cut 2016 capex by $1.1 bn to fix emission flaws
21 Nov 2015
Volkswagen, which braces for a multi-billion-euro hit from its emissions cheating scandal, is set to provide detailed plans to fix vehicles that do not comply with US emissions standards
BASF puts $540 mn steel coatings business for sale
06 Nov 2015
The German chemical company has hired HSBC in helping with the sale process and has opened its steel coatings business books to five industrial players who have shown interest
Toyota half-year profit rises nearly 12%
06 Nov 2015
Despite a decline in global vehicle sales, Japanese auto giant Toyota Motor Corp reported encouraging results for the first half-year ended September, posting a 11.6-per cent jump in net income and 8.9-per cent in revenue compared to the same period last fiscal year
Facebook notches another quarter of record revenues
05 Nov 2015
Stepping up its mobile-adevertising efforts has paid off for Facebook, though most of its revenue continues to come from the US and Canada rather than Asia-Pacific
Trader convicted in first US spoofing case
04 Nov 2015
Euronext to provide sentiment analysis
03 Nov 2015
Sprint to cut fiscal 2016 expenses by $2.5 bn
02 Nov 2015
HSBC pre-tax profit up 32% at $6.1 bn
02 Nov 2015
Samsung announces $10-bn buyback
29 Oct 2015
Samsung will tap into its $50-billion cash pile to buy back shares and invest in its components business
Volkswagen posts first loss in 15 years after diesel scandal
29 Oct 2015
Scandal-hit German auto giant Volkswagen AG reported yesterday its first quarterly loss in 15 years after keeping a €6.7-billion provision for liabilities related to the emission cheating in its diesel engines
Apple’s quarterly net profit vaults 31% to $11.1 bn
28 Oct 2015
Apple’s iPhone sales rose 22 per cent year-on-year to $51.5 billion helped in large measure by booming China sales
Alphabet’s Q3 net vaults over 45% to $3.98 bn
23 Oct 2015
Alphabet, the holding company of the restructured Google, reported 13 per cent increase in revenues at $18.68 bn and said it will announce financial results for each division beginning next quarter
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