Financial Performance

Alibaba's Ma steps down as industry faces uncertainty

Sep 10, 2019

Alibaba founder Jack Ma steps down as its chairman as Chinese e-commerce faces rapid change, uncertainty in tariff war

China's auto sales sink in July, extending yearlong decline

Aug 13, 2019

China's auto sales sink 3.9% in July from a year earlier, extending a year-long contraction in the industry's biggest global market

Toyota sees quarterly profit, sales rise, lowers forecast

Aug 2, 2019

Toyota has reported a nearly 4% increase in fiscal first quarter profit on improved sales, but the Japanese automaker slightly lowered its full year forecasts because of unfavorable currency exchange rates

Asian shares fall ahead of US-China trade talks

Jul 26, 2019

Asian shares are lower as investors continue to watch the brewing trade conflict between China and the U.S., and any signs of what's in store from central banks

Nissan to slash 12,500 jobs to cut costs, achieve turnaround

Jul 25, 2019

Nissan says it is slashing 12,500 jobs or about 9% of its global workforce in an effort to cut costs and achieve a turnaround amid tumbling profits

China's June auto sales fall, extending year-old decline

Jul 10, 2019

China's auto sales fell 7.8% in June from a year earlier, extending a year-old contraction that is squeezing automakers that need to spend on developing electric cars

Samsung predicts 56% drop in 2Q profit on weak chip market

Jul 5, 2019

Samsung Electronics Co. says its operating profit for the last quarter likely fell more than 56% from a year earlier amid a weak market for memory chips

S&P upgrades Indonesia credit after Widodo election win

May 31, 2019

Ratings agency Standard & Poor's has upgraded Indonesia's sovereign credit rating following the election of Joko Widodo to a second term as president

Chinese companies brace for tariff hike as trade talks begin

May 10, 2019

Chinese companies brace for tariff hike as trade talks begin

SoftBank profits rise, partly on gains from Saudi-tied fund

May 9, 2019

SoftBank reported a 36% increase in profit for the fiscal year, partly on gains from its Saudi-tied Vision Fund