The Bank of Japan maintained ultra-low interest rates on Friday but took steps to make its yield curve control policy more flexible, underscoring growing concerns over the rising side- effects of prolonged monetary easing.
Agricultural and construction machine maker CNH Industrial , said on Friday its operating profit grew in the second quarter, on favourable market conditions and growing sales.
Chinese property developers Dalian Wanda Group and Vanke have reached a settlement over a dispute related to a mega-project in the northern part of the country, a Wanda company official said on Friday.
Japanese automaker Toyota Motor said on Friday it sold 5.1% more vehicles in the first half of 2023 compared with the same period a year earlier, helped by an easing of semiconductor supply constraints and especially stronger demand in Japan.
German airline Lufthansa is on course for a record year, even as it has fewer flights than originally planned this year, CEO Carsten Spohr told Focus news magazine on Friday.
Property and casualty insurer Liberty Mutual will stop offering its business owner’s policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation and higher catastrophe losses are pounding insurers’ profits.
A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by insurance of $43 billion in the first half of 2023, Munich Re said in a report released on Thursday.
Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base metals business for $3.4 billion, aiming to boost its copper and nickel output.
Sweden’s Securitas reported on Friday a bigger than expected rise in second-quarter core profit as earnings margins rose and said its high-margin technology and solutions business grew by 12%, sending the company’s shares higher.
