South Korea Offers Aid to Flood-Stricken North Korea
South Korea on Thursday offered to send humanitarian aid to North Korea after the isolated North reported extensive damage from floods in towns along its western border with China.
Reports asian news
Wayfair CEO likens home goods slowdown to 2008 financial crisis: 'Customers remain cautious'
Online home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods category to the 2008 financial crisis.
Southeast Asia to outpace China's GDP growth and foreign investment: report
SINGAPORE -- Southeast Asia is likely to outpace China's economic growth and inflow of foreign direct investments over the next ten years, a new study led by a Singapore-based think tank showed, as the region benefits from growing demographics and a global supply chain shift.
Moderna stock falls more than 10% as it slashes guidance on low EU sales, tough U.S. vaccine market
Moderna on Thursday reported second-quarter revenue that beat expectations but slashed its full-year sales guidance, citing lower expected sales in Europe, a "competitive environment" for respiratory vaccines in the U.S. and the potential for deferred international revenue into 2025.
Barclays profit dips in the second quarter, beats estimates
LONDON — Barclays on Thursday reported second-quarter net profit attributable to shareholders of £1.2 billion ($1.54 billion), slightly lower than a year ago, as the lender's net interest income in its core U.K. units fell.
South Korea offers humanitarian aid to flood-hit North Korea
South Korea’s unification ministry, which handles inter-Korean affairs, said the South was willing to swiftly provide supplies to address the “humanitarian difficulties” facing North Korean residents following the recent storms. The ministry in a statement urged North Korea’s Red Cross to promptly respond to its calls for discussions to determine the types and amounts of South Korean supplies and how to deliver them.
Yen jumps on BOJ chief's hawkish stance
TOKYO -- The yen strengthened to a four-month high against the dollar on Wednesday after Bank of Japan Gov. Kazuo Ueda told reporters that he was open to future interest rate hikes.
Toyota posts record Q1 net profit of $8.9bn, up 1.7% on weak yen
TOKYO -- Toyota Motor on Thursday reported a record-high net profit of 1.3 trillion yen ($8.9 billion) for the April-June quarter, up 1.7% from the year-earlier period. The weak yen boosted the iconic automaker's profit despite sales in Japan having turned sluggish due to three models being sidelined following safety test irregularities in June.