Category: Business

Walmart’s struggling Japan unit finally delivers with online grocery growth

Walmart Inc (WMT.N) might finally have found the sweet spot in Japan’s food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought into two decades ago continue their search for profit. The barely year-old tie-up between the U.S. supermarket chain’s Seiyu and local e-commerce firm […]

Trump economist says ‘uncertainty’ from trade disputes hit business investment

A slowdown in U.S. growth last year was at least partly the fault of President Donald Trump’s global trade battles and the resulting hit to business investment, the administration’s top economist said on Thursday in an outlook for the coming years. “Once we got renegotiation of trade agreements, we saw uncertainty in the market, and […]

Forever 21 snapped up by mall owners, Authentic Brands

Forever 21 has a new lease on life after Simon Property Group Inc (SPG.N), Brookfield Property Partners LP (BPY.O) and Authentic Brands Group agreed to acquire the bankrupt teen fashion retailer. Brand management company Authentic Brands said on Wednesday it and mall owner Simon Property would own 37.5% each of the retailer, while Brookfield Property […]

Manufacturers entangled in logistical nightmare as virus-hit China limps back to work

Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung. The Chinese manufacturing engine that powers much of the world economy is struggling to restart after an extended Lunar New Year break, hindered by travel and quarantine restrictions imposed to curb the coronavirus epidemic and still in place in many parts of […]

Lofty stocks, hefty debt sow seeds of worry for some at Fed

Rock-bottom corporate bond yields, high levels of business debt and one of the fastest expansions of stock market valuations on record are worrying some Federal Reserve officials who fret such financial imbalances could aggravate any negative shocks to the U.S. economy. While agreeing that overall financial vulnerabilities were modest, minutes of the Fed’s latest policy […]

S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopes

The S&P 500 and Nasdaq rose to record closing highs on Wednesday as optimism that China would take more measures to prop up its economy eased concerns about the economic impact of the coronavirus epidemic. Stocks held gains following the release of minutes from the U.S. Federal Reserve’s last policy meeting, which showed policymakers were […]

Fresenius Medical says fourth-quarter operating profit up 3%

Germany’s Fresenius Medical Care (FMEG.DE) on Wednesday said quarterly adjusted operating income edged 3% higher as growth in dialysis services and products was partly offset by a negative adjustment for accounts receivable in a legal dispute in North America. Fourth-quarter earnings before interest and tax, adjusted for special items, advanced to 655 million euros ($707 […]