Toyota Motor projected a drop in fiscal-year profit and announced a share buyback after posting a rise in fourth-quarter net profit thanks partly to a weaker yen.
Fresenius lifted its full-year guidance after profits in the first quarter beat expectations, boosted by an improved performance at its core businesses.
BMW’s key automotive unit reported slightly lower-than-forecast profits in the first quarter as manufacturing costs rose, but the group maintained its full-year guidance.
Reuters exclusively reported that UBS is shutting down some of its China private funds business and will lay off one-third of the staff as the Swiss bank cuts operating costs in the country. The post UBS shuts some China private funds, will lay off staff appeared...
Reuters exclusively reported that Indian ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion. The post India’s Ola Cabs plans $500 mln IPO, to appoint banks soon appeared first on...
