Business

Analysis-Japan bets on Washington, BOJ for extra punch in yen battle

Friday, May 8 by SRN News

By Leika Kihara and Makiko Yamazaki TOKYO, May 8 (Reuters) - Japan is wagering that a hawkish shift at the Bank of Japan and an endorsement from U.S. Treasury Secretary Scott Bessent can give yen-buying intervention extra bite and help slow the embattled currency's slide. It... Read More.

Commerzbank plans 3,000 job cuts, raises targets as it fends off UniCredit takeover

Friday, May 8 by SRN News

By Tom Sims and Alexander Hübner FRANKFURT, May 8 (Reuters) - Commerzbank plans to cut 3,000 jobs to help it reach more ambitious profit targets as part of a strategy to fend off a takeover by Italy's UniCredit, the German bank said on Friday. For months,... Read More.

Mercedes-Benz to recall about 144,000 US vehicles over display issues, NHTSA says

Friday, May 8 by SRN News

May 8 (Reuters) - Mercedes-Benz is recalling 144,049 vehicles in the U.S. over instrument panel display issues, the U.S. National Highway Traffic Safety Administration said on Friday. The recall includes certain 2024-2026 AMG GT, C-Class, E-Class, SL, CLE, and GLC vehicles. The infotainment control unit, which... Read More.

Trump’s tariffs hit Toyota profit, though its global sales grew

Friday, May 8 by SRN News

TOKYO (AP) - Toyota's profit fell 19% in the last fiscal year from a year earlier, as President Donald Trump's tariffs bit into earnings at Japan's top automaker. Toyota Motor Corp. reported a 3.85 trillion yen ($25 billion) profit for the fiscal year ended in... Read More.

Zara denies infringing Jo Malone trademark in Estee Lauder case

Friday, May 8 by SRN News

By Helen Reid LONDON, May 8 (Reuters) - Fashion retailer Zara has denied infringing Estee Lauder's Jo Malone trademark, saying in UK High Court filings that it uses the perfumer's name on fragrances it sells in collaboration with her in line with principles the cosmetics... Read More.

Sony, TSMC plan new Japan joint venture for next-generation image sensors

Friday, May 8 by SRN News

By Wen-Yee Lee TAIPEI, May 8 (Reuters) - Taiwan Semiconductor Manufacturing Co and Sony Semiconductor Solutions said on Friday they plan to form a new joint venture in Japan to develop and manufacture next-generation image sensors. The venture will combine Sony's sensor design expertise with TSMC's... Read More.

US container imports fell 5.5% in April on trade and geopolitical risks, Descartes says

Friday, May 8 by SRN News

May 8 (Reuters) - U.S. container imports dropped 5.5% in April as importers contend with trade policy uncertainty and geopolitical risks, supply chain technology provider Descartes Systems Group said on Friday. Containerized import volumes have been hit by U.S. President Donald Trump's shifting trade policies... Read More.

Japanese video-game maker Nintendo raises Switch price, forecasts lower profits

Friday, May 8 by SRN News

TOKYO (AP) - Nintendo's annual profit surged 52% in the last fiscal year, lifted by solid sales of its Switch 2 machines and software. The Japanese video-game company behind the Super Mario and Pokemon franchises announced it was raising prices, citing challenging business conditions. It... Read More.

RBC lifts S&P 500 year-end target to 7,900 on AI optimism

Friday, May 8 by SRN News

May 8 (Reuters) - RBC Capital Markets raised its year-end target for the S&P 500 to 7,900 from 7,750 on Friday, citing resilient earnings growth and continued strength in artificial intelligence‑linked sectors. The Canadian brokerage's new target implies a 7.7% upside from the benchmark index's... Read More.

Toyota sees 20% drop in annual profit as Iran war weighs

Friday, May 8 by SRN News

TOKYO, May 8 (Reuters) - Toyota forecast a 20% decline in profit for the current financial year on Friday, as cost and supply uncertainties stemming from the Middle East conflict weigh on earnings even as robust demand for its hybrid models powers sales growth.... Read More.

Current Weather

Analysis-Japan bets on Washington, BOJ for extra punch in yen battle

Commerzbank plans 3,000 job cuts, raises targets as it fends off UniCredit takeover

Mercedes-Benz to recall about 144,000 US vehicles over display issues, NHTSA says

Trump’s tariffs hit Toyota profit, though its global sales grew

Zara denies infringing Jo Malone trademark in Estee Lauder case

Sony, TSMC plan new Japan joint venture for next-generation image sensors

US container imports fell 5.5% in April on trade and geopolitical risks, Descartes says

Japanese video-game maker Nintendo raises Switch price, forecasts lower profits

RBC lifts S&P 500 year-end target to 7,900 on AI optimism

Toyota sees 20% drop in annual profit as Iran war weighs

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