The weak yen and robust sales of gas-electric hybrid vehicles increased Toyota’s net profit by 1.7 percent to ¥1.33 trillion year on year, equivalent to about $8.89 billion, during its fiscal first quarter, the company said.
Author: admin
Post
BRITISH SHOPPERS ARE NOT SHOPPING
During the four weeks ending 27 July, foot traffic in U.K.’s retail storefronts was 3.3 percent less than a year earlier and 2.3 percent less than in June, the British Retail Consortium (BRC) reported.
Post
BANK OF ENGLAND CUTS RATE A QUARTER POINT
On 1 August, the Bank of England’s (BoE’s) rate-setting committee shaved a quarter point from its policy rate by a 5-to-4 vote. The cut takes the rate from 5.25 percent, a 16-year high where it has remained since last August, to 5 percent now.
Post
EUROZONE INFLATION TICKS UP IN JULY
Last month, inflation in the 20-country Eurozone edged up to 2.6 percent after falling to 2.5 percent in June.
Post
CHINA’S WEAK ECONOMY TANKS COMMODITIES MARKET
Persistent weak demand in China and an abundance of supplies have driven many investors and speculators out of the commodities market, dumping about $41 billion in long positions on the way out.
Post
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors…
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
Post
PROSPECT OF RATE CUT PUSHES FED INTO POLITICS
The U.S. Federal Reserve always insists it scrupulously shuns any involvement in partisan politics.
Post
FEDS TO CUT INTEREST RATE NEXT MONTH
The U.S. Federal Reserve’s rate-setting Open Market Committee left the central bank’s interest rates untouched at last month’s meeting but signaled the likelihood of a rate reduction in September.
Post
CONSUMERS HAVE HIT THEIR LIMIT WITH HIGH FOOD PRICES
With consumers turning away from national brands and eating at home instead of out, food companies are scrambling to win back their customers while also trying to protect their margins and what have been comfortable profits over the past three years.