TOKYO: Toyota’s net profit almost doubled to a record $5.64 billion for the three months to June. The world’s biggest automaker said it was on track to produce over 10 million vehicles worldwide this year. Toyota has ramped up its bid to tap emerging markets while key US demand has also been on the upswing, helping the […]
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Despite 15 months of quarter-to-quarter growth in U.S. real gross domestic product (GDP), the unemployment rate remains stubbornly high and well above other economic recoveries of the same maturity. While the official U3 employment measure has begun to show slight improvements, the broader U6 and U7 measures show much less improvement and remain essentially flat. […]
President Barack Obama says his corporate tax reform proposal is an effort to “break through the political logjam in Washington” that’s blocking investment in job-creating ideas. Kent Hoover Washington Bureau Chief Email | Twitter | Google President Barack Obama on Tuesday outlined “a grand bargain for middle-class jobs … a deal that simplifies the tax code for […]
RECORDER REPORT Array ( ) ) –> Japan’s Nikkei average slumped below 13,700 for the first time in almost a month on Monday on the back of a strong yen and lacklustre earnings, while caution ahead of key […]
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PARIS: French carmaker Renault said on Friday it had increased first-half profitability at its core manufacturing division despite falling sales, riding out Europe’s sustained market slump with new models and a firm hand on costs.While the bottom line was weakened by lost business in sanctions-hit Iran, incurring a 512 million-euro ($678 million) charge, operating profit […]
Carlos Lopes, the executive secretary of the United Nations Economic Commission for Africa (ECA), often talks about Toblerone, the famous chocolate bar manufactured in Switzerland by Kraft Foods, an $18 billion company. Cocoa for Toblerone bars is imported, probably from Africa, where 70% of the world’s cocoa is harvested. Mr. Lopes once pointed this out […]
PARIS — French car maker Renault said on Friday it had increased first-half profitability at its core manufacturing division despite falling sales, riding out Europe’s sustained market slump with new models and a firm hand on costs. While the bottom line was weakened by lost business in sanctions-hit Iran, incurring a €512m charge, operating profit […]
