DuPont quarterly profit jumps 63% on strong electronics demand

Industrial materials maker DuPont de Nemours reported a 63% surge in second-quarter profit on Tuesday, bolstered by strong demand for electronics and construction materials.

newspaper

02-08-2022

Toyota unit falsified emissions data as far back as 2003, probe finds

TOKYO (Reuters) -A major affiliate of Japan's Toyota Motor Corp falsified emissions data on some engines as far back as 2003, more than a decade earlier than previously indicated, a company-sponsored probe showed on Tuesday.

newspaper

02-08-2022

Committee probing Toyota unit Hino blames company culture in false data scandal

TOKYO (Reuters) -Japan's Hino Motors Ltd falsified emissions data on some engines as far back as 2003, a committee tasked by the automaker said on Tuesday, blaming a culture where engineers were not able to challenge senior staff.

newspaper

02-08-2022

Dollar hits lowest since mid-June vs yen as investors reassess U.S. rate hike outlook

The U.S. dollar hit its lowest level since mid-June against the Japanese yen on Monday as investors weighed the likelihood that the Federal Reserve will not raise interest rates as aggressively as some had expected.

newspaper

01-08-2022

Austria's gas dependence on Russia down to below 50%, government says

Austria has made progress in weaning itself off Russian naturaland boosting gas storage, the government said on Monday.

newspaper

01-08-2022

Dollar falls against yen as investors reassess U.S. rate hike outlook

The U.S. dollar was at its lowest level since mid-June against the Japanese yen on Monday as investors weighed the likelihood that the Federal Reserve will not raise interest rates as aggressively as some had expected.

newspaper

01-08-2022

Factbox: Recession fears creep into corporate America as growth slows

Several U.S. companies are expecting an economic downturn by the end of 2023, prompting their top executives to make recession a key topic of discussion during quarterly earnings calls.

newspaper

01-08-2022

Dollar sinks below 132 yen as traders boost recession bets

The U.S. dollar declined to its lowest level in more than six weeks against the Japanese yen on Monday as investors ramped up bets that aggressive Federal Reserve monetary policy would tip the economy into a recession.

newspaper

01-08-2022

U.S. considers crackdown on memory chip makers in China

The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China's semiconductor sector advances and protect U.S. companies.

newspaper

01-08-2022