SINGAPORE— Singapore lowered its growth forecast for 2015 because of weakness in manufacturing and said gains will continue to be modest next year even as the global economy improves. Singapore, a city-state at the tip of peninsula Malaysia, is the wealthiest economy in Southeast Asia but has shifted to lower growth rates in the past decade as other countries...» Read More
June 16- Oshkosh Corp, a specialty truckmaker, said bad weather hurt sales at its access equipment business for the current quarter and cut its full-year profit. The company cut its adjusted earnings per share forecast for the full year to $3.75- $4.00 from $4.00- $4.25. Up to Monday's close of $50.33 on the New York Stock Exchange, Oshkosh's stock had risen 3.4...
June 16- Specialty truckmaker Oshkosh Corp cut its profit forecast for the full year, saying sales and profit were hurt by bad weather in the third quarter and delay in launching a product. The company said it expects third-quarter profit to be about the same as the adjusted profit for the same period a year earlier. Oshkosh cut its adjusted earnings per share...
PARIS, June 11- Zodiac Aerospace expanded a profit warning triggered by the cost of tackling aircraft seat manufacturing delays that have disrupted some jetliner production but insisted it would meet its goal of resolving the problems by the end of August. Paris- based Zodiac has been wrestling for months with missed deadlines for seat production, hampering...
SINGAPORE, June 11- Credit rating agency Standard& Poor's has cut its outlook on Singapore- listed commodities trader Noble Group Ltd to' negative' from' stable', saying it expects higher earnings volatility. The move marks the latest problem for the embattled commodity trader, which has seen its shares dive as much as 48 percent since mid-February after...
SAO PAULO, June 8- Anfavea, the Brazilian automakers association, slashed its estimates for 2015 domestic vehicle output and sales on Monday, as rising interest rates and crumbling consumer confidence batter the local operations of global carmakers. Production is likely to drop 17.6 percent from last year and sales are likely to fall 20.6 percent, the group...
Growth is also being buoyed by ultra-supportive central bank policy in the big developed economies and in many places outside the United States by a stronger dollar, which makes the exports of other currency zones relatively cheaper. The Paris- based Organisation for Economic Co-operation and Development, a think tank funded by its membership of primarily...
Renault has reported a sharp rise in 2014, in terms of its profits. Carlos Ghosn, CEO of Renault, talks about 2015's predictions and its market in Russia and Brazil.
Matti Lievonen, CEO of Neste Oil, says the company is pleased with its fourth-quarter results, which demonstrate its objective to stay strong and "robust."
Honda cut its annual profit forecast as it set aside more cash to cover an expanded recall of cars to replace potentially faulty air bags.
Nintendo issued a profit warning, even as it sells fewer consoles, the sharp weakening of the yen means overseas sales will inflate its net income.
United Technologies cut its full-year outlook because of the negative impact of a stronger dollar as the U.S. conglomerate reported higher earnings.
Tiffany cut its full-year profit outlook, hurt by a stronger U.S. dollar and some weakness in the Americas and Japan.
SanDisk said it expects revenue to be lower than it had forecast, citing weaker-than-expected sales of retail products and NAND storage chips.
Thailand's central bank said the country's economy will barely grow this year and cut its 2015 forecast, mainly on expectations exports will remain lackluster.
Yum Brands lowered its profit forecast for 2014, hurt by slower-than-expected sales recovery in China, following a food safety scare in July.
Tesco has issued another profit warning, but CEO Dave Lewis says he is "quietly optimistic". Bruno Monteyne, an analyst at Bernstein, discusses.
Tesco's woeful year continued on Tuesday after the U.K. supermarket issued another profit warning saying that it did not expect full year profit to exceed £1.4 billion ($2.2 billion).
Express results topped the average estimate of analysts surveyed by Zacks Investment Research by a penny per share.
Abercrombie & Fitch cut its full-year profit forecast as higher discounts and efforts to refresh its merchandise failed to attract young customers.
British online fashion retailer ASOS posted a 14 percent fall in annual profit after the strength of sterling hit sales growth.