Musk discussed ways to oust British PM Starmer before next election, FT reports
(Reuters) -Billionaire Elon Musk has held private discussions with allies about removing British Prime Minister Keir Starmer from his position before the next general election, the Financial Times reported on Thursday. Musk, the world’s richest person and a close ally…
Philippine cbank has room to further ease policy, governor says
MANILA (Reuters) – The Philippine central bank has room to ease monetary policy, its governor said on Thursday, following this week’s data showing annual inflation stayed within its 2% to 4% target range in 2024. “There’s still some room to…
Japan stocks lower at close of trade; Nikkei 225 down 0.87%
Investing.com – Japan stocks were lower after the close on Thursday, as losses in the Insurance, Financial Services and Mining sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.87%. The best performers of the session…
Japan’s Seven & i Holdings reports 24% y/y drop in third-quarter profit
TOKYO (Reuters) – Japan’s Seven & i Holdings, operator of the 7-Eleven convenience store chain, reported on Thursday a drop of 24% in quarterly operating profit, missing analysts’ estimates. Profit fell to 128 billion yen ($809.41 million) in the period…
Uniqlo operator Fast Retailing says Q1 profit rose 7.4%
TOKYO (Reuters) – The Japanese operator of the global Uniqlo clothing chain said on Thursday that first-quarter operating profit rose 7.4%, a solid start to its plan to achieve record profits for a fourth-straight year. Fast Retailing said operating profit…
Trump’s tariff threat spurs auto suppliers to rethink production plans
By Abhirup Roy LAS VEGAS (Reuters) – Global auto suppliers are working out how much of their production can be moved to the United States, or closer to it, as a defense against tariffs promised by President-elect Donald Trump, according…