Toyota cuts full-year profit forecast, warns over Brexit

Tokyo: Japanese car giant Toyota slashed its full-year net profit forecast Wednesday after saying its nine-month figure had tumbled nearly 30 per cent as it was hit by investment losses. The firm’s senior managing officer Masayoshi Shirayanagi also told reporters there was no way to avoid a negative impact in the event of a no-deal […]

Higher fee income helps profits rise at Bahrain’s Investcorp

DUBAI: Bahrain-listed Investcorp posted a rise in first-half profit on Tuesday helped by higher fee income and said it had boosted its capital and liquidity position in the wake of challenging global markets. The private equity and alternative investment firm, best known outside the Middle East for listing luxury goods brands Gucci and Tiffany & […]