China needs to level the playing field between private and state owned firms, the Asian Development Bank’s chief economist said on Thursday, adding that the world’s second-largest economy risks “wasting a tonne of money” with a state-led growth model.
Indian mortgage lender PNB Housing Finance Ltd on Thursday reported an almost 65% jump in its fourth-quarter profit, led by increased demand for housing loans.
Ford Motor Co is recalling 422,000 sport utility vehicles in the U.S. because the video output may fail, preventing the rear view camera image from displaying.
Singapore’s Whampoa Group, an investment firm with stakes in global tech firms, will set up the headquarters of its new digital bank in Bahrain, the Gulf state’s Economic Development Board (EDB) said on Thursday.
Bath & Body Works Inc beat first-quarter profit expectations on Thursday, as higher product prices outweighed cost pressures and a slowdown in demand, sending its shares up over 9% in premarket trading.
China’s Alibaba Group Holding Ltd , posted a 2% rise in quarterly revenue that missed expectations and said its board has approved a spinoff of its cloud-computing business.
India’s LT Foods , which sells Daawat basmati rice, reported a 79% surge in quarterly profit on Thursday, helped by strong demand for its packaged rice and robust export prices.
Walmart Inc raised its annual sales and profit targets on Thursday as the retail behemoth drew from price-conscious shoppers trading down to cheaper meat products and store brands, easing worries of consumer spending softening due to inflation.
Canada Goose Holdings Inc , forecast annual sales above Wall Street estimates on Thursday, betting on a sharp rebound in key luxury market China to help ride out a demand slowdown in the United States, sending its U.S.-listed shares up 13% premarket.
