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Insurer AXA announces new share buyback as H1 net profits edge higher

PARIS (Reuters) -French insurer AXA announced a new share buyback programme as it posted a 3% rise in first-half net profit, thanks to higher revenues from areas such as health.

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Toyota likely to post lower Q1 profit as production woes cast shadow

By Satoshi Sugiyama TOKYO (Reuters) – Toyota Motor (NYSE:TM) Corp is expected to report a double-digit drop in first-quarter profit this week, as a chip shortage and supply-chain woes forced the world’s.

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TSMC shares fell as much as 2.98% ahead of possible Pelosi visit to Taiwan

TAIPEI (Reuters) – Shares of Taiwan chipmaker TSMC fell as much as 2.98% on Tuesday, as investors closely watch a possible trip to Taiwan by U.S. House of Representatives Speaker.

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U.S. considers crackdown on memory chip makers in China

By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) – The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies.

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Business Commodities News

Gold Prices Jump on Safe Haven Demand, Copper Sinks 1%

By Ambar Warrick  Investing.com– Gold prices rose on Tuesday as signs of weakening economic activity across the globe drove demand for the safe haven, while copper prices extended losses into a.

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HSBC rejects demerger of Asian business, citing huge risks

LONDON/SINGAPORE (Reuters) – HSBC said on Monday a demerger or spinoff of its Asian business risks huge one-off execution costs, higher taxes and ongoing running costs for the bank, in.

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Heineken posts strong first-half, drops 2023 margin target

By Philip Blenkinsop BRUSSELS (Reuters) -Heineken NV on Monday posted higher-than-expected first-half earnings, as consumers bought more beer despite inflationary pressures, but the world’s second-largest brewer shelved its margin target.

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Toyota-Panasonic battery JV to buy lithium from ioneer’s Nevada mine

By Ernest Scheyder (Reuters) – A joint battery venture of Toyota Motor (NYSE:TM) Corp and Panasonic (OTC:PCRFY) Corp will buy lithium from ioneer Ltd’s Rhyolite Ridge mining project and use the metal.

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Indonesia blocks Yahoo, Paypal, gaming websites over licence breaches

JAKARTA (Reuters) -Indonesia has blocked search engine website Yahoo, payments firm PayPal (NASDAQ:PYPL) and several gaming websites due to failure to comply with licensing rules, an official said on Saturday,.

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Business Economy News

As import costs leap, Hungary to allow corporate tax payments in euros or dollars

By Anita Komuves BUDAPEST (Reuters) -Hungary will allow companies to pay their taxes in euros or dollars, the government announced on Saturday, a move which analysts said could boost the.

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