Honda’s profit more than doubles to $2.7 billion despite pandemic damage

Feb 09, 2021 23:48 pm UTC| Economy

Hondas fiscal third-quarter profit more than doubled to $2.7 billion from the reported $1.1 billion profit a year earlier, with auto sales increasing in Japan and the US despite the pandemic and other difficulties...

S. Korea's 2020 tax revenue drops by 7.9 trillion won

Feb 09, 2021 23:45 pm UTC| Economy

South Korea collected 285.5 trillion won in taxes in 2020, dropping 7.9 trillion won from the 293.5 trillion won collected the previous year as corporate tax earnings declined amid the pandemic. Last year, the...

Negative Rates Series

Negative interest rates may not boost UK economy – here's what the Bank of England should try first

Feb 09, 2021 11:44 am UTC| Economy

The Bank of England has given banks and building societies in the UK six months to prepare for the possible introduction of negative interest rates for the first time in its 327-year history. Savers may be starting to...

Robinhood sued by parents over the death of their trader son

Feb 09, 2021 10:23 am UTC| Business Economy

Robinhood Markets Inc. is an American financial services company that is known to offer commission-free trades of stocks and exchange-traded funds. It has been on the news recently due to the controversies relating to...

LG Electronics dropped prices by half amid the impending announcement for the closure of its smartphone business

Feb 09, 2021 06:54 am UTC| Business Economy

It was previously reported that LG Electronics is planning to close down its mobile phone business. This means that the company will stop manufacturing and selling smartphones, and the low sales in recent years were cited...

Wales hoping to keep Hitachi's nuclear project going

Feb 08, 2021 23:07 pm UTC| Economy Business

The Welsh government has approached Japans Hitachi Ltd. about keeping alive the Horizon nuclear power project in Anglesey that the latter is scrapping. It plans to assume a caretaker role until a developer can be...

S. Korea's exports to soar 12% in Q1: Exim Bank

Feb 08, 2021 16:39 pm UTC| Economy Business

The Export-Import Bank of Korea (Eximbank) expects a 12 percent on-year increase in South Koreas first-quarter exports due to strong demand for its chips and automobiles. For the first quarter, Eximbank estimates...