Chinese stock futures slump after stimulus announcement
Hang Seng futures tumbled 3.1%, after the Hang Seng HK:HSI finished 0.7% lower ahead of the announcement. China has approved a bill raising the ceiling on local government debt by 6 trillion yuan, or ...
Cartier Owner Richemont's Sales Fall as Luxury's China Woes Linger — Update
Cartier owner Richemont said weaker consumer spending in China hurt sales, particularly at its watch brands, as a luxury downturn that is hurting most players in the industry rumbles on.
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China to raise local government debt ceiling by $840 billion
China has approved a bill raising the ceiling on local government debt by 6 trillion yuan, or $840 billion, Xinhua News reported from a press conference. China was expected to make a stimulus ...
Serco Group Loses Bid for Australian Immigration Contract
Serco Group said it was unsuccessful in its re-bid to provide immigration services to Australia's Department of Home Affairs, and its current contract is due to end on Dec. 10.
Naver's Core Search and E-Commerce Businesses Look Solid and Others Are Improving Profitability
Naver has historically generated strong cash flow. Its free cash flow to equity/sales ratio, or FCFE/sales, averaged 20% over the past seven years, which indicates strong operational and financial ...
Cartier Owner Richemont's Sales Fall as China Woes Drag on
Cartier owner Richemont said a decline in consumer spending in China hurt sales as a luxury downturn that is hurting most of the players in the industry rumbles on.
Raising Our Fair Value for Wide-Moat-Rated Motorola
Motorola’s higher-growth, higher-margin, software-related businesses are becoming a larger portion of overall revenue. This will expand firmwide margins and opens a long runway of potential ...
Sony Group Quarterly Profit Jumps on Strength in Game, Image-Sensor Businesses
Sony Group reported a rise in second-quarter net profit, supported by higher earnings from its game and image-sensor businesses.
Japan Finance Minister Issues Fresh Warning Against Rapid Yen Weakening — Update
The Japanese central bank raised its policy interest rate to 0.25% at the end of July after the yen weakened to around 162 against the dollar earlier that month. BOJ Gov. Kazuo Ueda said at the time ...
TSMC Posts Record Monthly Revenue, Powered by AI Boom
The chip maker last month reassured investors that the AI boom is real, after it reported a record quarterly profit in the third quarter. Chief Executive C.C. Wei said at the October earnings call ...
JR Central's Earnings Are Recovering Strongly, but Returns to Be Diluted by Chuo Shinkansen
JR Central's financial health is sound. Credit metrics deteriorated sharply during the pandemic but are improving as earnings recover and because of a very conservative dividend payout ratio. Net debt ...