The Sony profit forecast for the year to March, 2018, has rebounded from precious disappointing results. The Japanese electronics company has announced its expectation to achieve record annual profits. The popularity of the Playstation 4 gaming console was particularly emphasized as a major reason for this. Sony has f [...]
A Kobe Steel scandal over the falsification of safety data has hit the company hard. The Kobe Steel profit forecast has been scrapped. The Japanese steel company withdrew its profit forecast for the year because the costs of its data falsification activities are not yet fully known. Its interim dividend is also to be c [...]
UK car production was down 4% in September, the probable cause being given as Brexit uncertainty. This was in spite of a general growth in Britain’s manufacturing industry. The Markit/CIPS purchasing managers’ index (PMI) for July, August and September were 55.3, 56.9 and 55.9 respectively. While September’s figu [...]
Is the US economy about to slow down? According to French investment bank Natixis it is starting from next year. According to Natixis chief economist, Patrick Artus, there will shortly be a significant slowing down of the US economy. What is the evidence for this, and how will this slowdown take shape?
The Hong Kong stock exchange closes today after 31 years of trading. The closure is the price paid for the rapid rise in internet and electronic trading. Hong Kong is highly unlikely to be the last stock exchange to become redundant. As increasing amounts of trading are carried out online, the old stock exchange floo [...]