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Business

HSBC to buy back shares amid profit slump

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

Business

Samsung Q2 profit better than expected

Samsung has reported better than expected quarterly profit but warned earnings from phones will weaken in the rest of the year.

Samsung has reported better than expected quarterly profit but warned earnings from phones will weaken in the rest of the year.

Business

Volkswagen profits pulled down again by emissions rigging scandal

Volkswagen has suffered a 12 percent drop in quarterly profit at its main passenger car division as it tries to overcome the toxic emissions rigging scandal.

Volkswagen has suffered a 12 percent drop in quarterly profit at its main passenger car division as it tries to overcome the toxic emissions rigging scandal.

Business

No Pokemon profit boost for Nintendo - yet

Despite the popularity of Pokemon GO Nintendo has announced an operating loss for the period from April to June.

Despite the popularity of Pokemon GO Nintendo has announced an operating loss for the period from April to June.

Business

Rosneft's quarterly net profit falls 75 percent

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Business

Peugeot unveils new plan to maintain profit

French carmaker, Peugeot Citroen, has unveiled its plans to return to consistent sales growth. In what chief executive Carlos Tavares described as a

French carmaker, Peugeot Citroen, has unveiled its plans to return to consistent sales growth. In what chief executive Carlos Tavares described as a

Business

Cheaper fuel helps Air France-KLM return to profit for 2015

Air France-KLM's shares took off on Thursday after the Franco-Dutch airline said it had returned to profit last year helped by lower fuel bills and increased numbers of passengers.

Air France-KLM's shares took off on Thursday after the Franco-Dutch airline said it had returned to profit last year helped by lower fuel bills and increased numbers of passengers.

Business

Renault 2015 profit up despite big hit from Russia car sales slump

Strong sales of new models pushed French carmaker Renault's profit up by nearly 50 percent in 2015, but it slashed the value of its stake in Russia's AvtoVAZ as sales there slumped.

Strong sales of new models pushed French carmaker Renault's profit up by nearly 50 percent in 2015, but it slashed the value of its stake in Russia's AvtoVAZ as sales there slumped.

Business

Toyota in optimistic mood over China and US

Toyota has raised its net profit forecast for the current business year thanks to increased production efficiencies in its Chinese operations and improved sales in North America.

Toyota has raised its net profit forecast for the current business year thanks to increased production efficiencies in its Chinese operations and improved sales in North America.