Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:28518
Posts / Week:91.8
Archived Since:June 8, 2011

Blog Post Archive

Toyota see profit drop on yen, president promises change

Toyko - Japanese automaker Toyota's profit fell 6.6 percent in the fiscal fourth quarter as an unfavorable exchange rate offset better sales, but its president said Wednesday that the company was merely investing in the future. Toyota Motor Corp. Show More Summary

Rising yields boost dollar, euro after French vote

London - Currency markets swung back to bets on improving growth and tighter monetary policy on Tuesday, lifting the dollar and euro against traditional safe havens for capital including the yen and the Swiss franc. Emmanuel Macron's...Show More Summary

Pandora gets $150 million

Los Angeles - Pandora Media is struggling with widening losses and a tepid outlook for its online music business, is shaking up its board and stepping up efforts to find a possible buyer. The Oakland, California based company said in a statement Monday it received a $150 million infusion from KKR & Co, he private equity firm. Show More Summary

British exporters see few gains from sterling windfall

Sheffield - With 85 percent of its customers outside Britain, Sheffield-based Gripple should be cheering the plunge in sterling since last year's vote to leave he European Union, which means every overseas sale brings in more pounds than before. Show More Summary

Pie in the sky as Qantas boss gets just dessert

Sydney - Qantas Airways CEO Alan Joyce proved he was no cream puff on Tuesday, keeping his cool after a man smeared a cream pie in his face during a business breakfast in Australia's west. Joyce, the head of Australia's flag carrier,...Show More Summary

German exports bolster economy as industrial output drops

Frankfurt - German exports rose for a third month in March in a sign Europe’s largest economy is benefiting from a pickup in global trade as industrial production dropped less than economists predicted. Exports rose 0.4 percent from February, the Federal Statistics Office said on Tuesday. Show More Summary

Trump urged to keep US in climate accord

Bonn – Many nations on Monday urged US President Donald Trump to remain in the global agreement to combat climate change, even if he reduces US pledges to cut greenhouse gas emissions. Trump’s main advisers are due to meet on Tuesday to review his threat to quit the 2015 Paris Agreement to limit global warming. Show More Summary

Liberty Global drops

London - Liberty Global, billionaire John Malone’s cable carrier, slumped after lowering its growth target for Europe this year amid a weaker-than-expected start in the UK. Liberty now forecasts operating cash flow growth of 5 percent...Show More Summary

Apple wants to transform DC's historic Carnegie Library

Washington - Steve Jobs minted Apple as a top American retailer by designing crisp, modern stores with features reminiscent of the company's products. Glass boxes and aluminium panels abounded. But as Apple moves to turn its stores into...Show More Summary

Amazon sweeps US market

Amazon is dominating the nascent market for voice-controlled speakers, research firm eMarketer said on Monday. The e-commerce giant's Amazon Echo and Echo Dot devices will claim a 70.6 percent share of the US market this year, the study found. Show More Summary

UK house prices post first quarterly decline since 2012

London - UK house prices recorded their first quarterly decline in more than four years, adding to signs that the property market is cooling. In the three months to April, prices fell 0.2 percent compared with the previous three months, lender Halifax said in a report on Monday. Show More Summary

China's April trade growth slows

Beijing, May 8 (Reuters) - China's import growth slowed faster than expected in April, as inbound shipments of commodities such as iron ore and copper weakened, while export growth more than halved, in line with a general cooling in demand for electronic gadgets. Show More Summary

PICS: The world as seen by Warren Buffett

Washington - Billionaire investor Warren Buffett and Berkshire Hathaway vice-chairperson Charlie Munger were answering five hours of questions from shareholders, journalists and analysts at Berkshire’s 52nd annual meeting in Omaha, Nebraska. Show More Summary

'Lula knew everything'

Brazillia – Brazil's former President Luiz Inacio Lula da Silva had “complete knowledge” of the massive political kickback scheme that centred on contracts at state-run oil firm Petrobras, a former top executive testified on Friday.Show More Summary

Barclays, traders to pay fines

London – Two former Barclays traders have agreed to settle Securities and Exchange Commission (SEC) claims that they misrepresented prices of bonds they sold to customers, earning excessive mark-ups in the process. Yoon Seok Lee, 33,...Show More Summary

Trump's plan to cut corporate tax would be profit tailwind

Washington - US President Donald Trump’s plan to cut the corporate tax rate to 15 percent would be a tailwind for profitability at Warren Buffett’s Berkshire Hathaway, but won’t fundamentally change how its business units operate, Buffett said. Show More Summary

Adidas spins marketing gold with 70-year-old

Frankfurt - Adidas aims to increase its sales by 40 million pairs of sneakers annually, to more than a half-billion by 2020, largely by appealing to fashion-conscious teens and urban hipsters. At the heart of that effort: a decades-old...Show More Summary

Remote betting lifts money laundering risk

Homg Kong - In a VIP room reserved for high-spending gamblers at City of Dreams Manila casino in the Philippine capital, many of the players are nowhere o be seen. They’re not even in the country. Instead, they’re placing bets by telephone, a practice banned in other gaming centres such as Singapore, Australia and Macau, but legal in the Philippines. Show More Summary

China's new jet takes to the skies

Washington - China took a step towards the aviation big league Friday with the long delayed, but finally successful, maiden flight of its first modern passenger jet. China hopes its airline industry can someday challenge the Western duopoly of Boeing and Airbus, especially for its own large and fast-growing domestic market. Show More Summary

VW bets on SUVs, electric cars in overhaul of namesake brand

Frankfurt - Volkswagen namesake brand is pivoting from damage control to competing harder against Toyota Motor Corp. and Tesla Inc., with a plan to increase its SUV lineup nearly tenfold and push sales of affordable electric cars. As...Show More Summary

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