The hike in petrol, diesel prices will fuel a slowdown in the auto industry in the short-term, feel car majors like Maruti, Hyundai and Honda. And, it may spell good news for consumers in terms of lower prices and greater discounts from car makers, who will try to offset the negative impact on the industry, [...]
(Adds details from report, quote)
NEW YORK, April 10 (Reuters) - U.S. retail sales excluding
cars rose in March following a record drop in February, but
much of the rebound was fueled by record-high gasoline prices,
according to a private report released on Thursday.
Consumer spending minus auto sales climbed 0.6 percent last
month [...]
JOHANNESBURG, March 3 (Reuters) - South African services
group Bidvest (BVTJ.J: Quote, Profile, Research) said on Monday half-year headline
earnings per share rose 10.1 percent to 2.5 billion rand ($323
million), helped by its international units despite volatile
markets.
Headline earnings per share, the key profit measure for
South African companies which excludes non-trading, capital [...]
(For a table of earnings forecasts double click [ID:nT66351])
*What: Top Japanese automakers‘ third-quarter earnings
*When: From Jan 30
*Overseas sales grow, forex impact mixed as yen gains against
dollar and falls against other currencies
By Chang-Ran Kim, Asia auto correspondent
TOKYO, Jan 29 (Reuters) - Top Japanese automakers are due [...]
IndyMac Posts Record Loss, Calls Reserves Adequate (Update5)
By David Mildenberg and Jody Shenn
Feb. 12 (Bloomberg) — IndyMac Bancorp Inc., the second-
biggest independent U.S. mortgage company, posted a record
fourth-quarter loss. The shares rose after it said reserves are
adequate even if [...]
European Stocks Fall, Led by UBS, Aviva, Legrand, SocGen, IKB
By Adria Cimino
Feb. 11 (Bloomberg) — European stocks fell after the Group of
Seven said financial-market turmoil will hurt the economy and
auditors found a “material weakness;; in how American International
Group Inc. values [...]
European Stocks Fall, Led by UBS, Aviva, Legrand, SocGen, IKB
By Adria Cimino
Feb. 11 (Bloomberg) — European stocks fell after the Group of
Seven said financial-market turmoil will hurt the economy and
auditors found a “material weakness;; in how American
International Group Inc. values [...]
It’s the first time Google’s profit Google’s quarterly profit has climbed by less than 25 percent since the Mountain View-based company went public nearly 3 1/2 years ago.If not for stock awards given to its employees, Google said it would have made $4.43 per share — a penny below the average estimate among analysts polled [...]
