Honda lifts forecasts despite ninth-month profit drop

TOKYO. Japan’s Honda Motor said Friday it was revising up forecasts for its full-year net profit despite logging a fall of 34.5 per cent for the nine months to December. The country’s third-largest automaker revised up its full year net profit to 695 billion yen ($6.3 billion) from the previous forecast of 675 billion yen, […]

Eurozone inflation falls, though core rate inches higher

BRUSSELS, FRANKFURT. Eurozone inflation dipped as expected last month, falling further from the European Central Bank’s target and providing yet another reason for the bank to slow down in removing stimulus. Inflation in the 19 countries sharing the euro slowed to 1.4 per cent from 1.6 per cent a month earlier, Eurostat said on Friday, […]

Facebook posts record profit as it gains more users

San Francisco: Facebook said Wednesday quarterly profit climbed to an all-time record $6.9 billion as it boosted its global user base despite scandals that have dented the leading social network’s image. Revenue soared 30 per cent from a year ago to $16.9 billion (Dh62 billion) while the number of people using it monthly rose nine […]