Retailers Lowe’s Companies Inc. (LOW) and TJX Companies (TJX) reported Wednesday profits for their fourth quarter that increased from last year, driven primarily by strong sales growth. However, profit at Office Depot Inc. (ODP) edged up despite a slight decline in sales. TJX also plans to increase dividend by 13 […]

Sohu.com Limited (SOHU), a Chinese online media, video, and game business group, on Tuesday posted a decline in net income for the fourth quarter, particularly reflecting a fall in brand advertising and online game revenues. For the quarter ended on December 31, 2021, the internet company reported net income and […]

A report released by the Conference Board on Friday unexpectedly showed a pullback by its reading on leading U.S. economic indicators. The Conference Board said its leading economic index fell by 0.3 percent in January after climbing by a downwardly revised 0.7 percent in December. The dip came as a […]

Reckitt Benckiser Group PLC (RBGPF.PK,RB.L) reported full year adjusted operating profit, including IFCN China, of 2.88 billion pounds compared to 3.30 billion pounds, prior year. Adjusted operating margin, including IFCN China, was 21.7% compared to 23.6%. Total adjusted earnings per share was 288.5 pence compared to 327.0 pence. The company […]

China’s consumer price inflation as well as factory gate inflation moderated further in January, giving space for the central bank to ease its policy to support economic recovery. Consumer price inflation slowed to 0.9 percent in January from 1.5 percent in December, the National Bureau of Statistics said Wednesday. The […]

Shares of Heineken NV were gaining around 3 percent in the morning trading in Amsterdam after the Dutch brewer reported a profit in its fiscal 2021, compared to last year’s loss, driven by strong revenue and volume growth, despite weak results in APAC region. Further, the company announced higher dividend, […]

Shares of Opiant Pharmaceuticals Inc. (OPNT) have lost nearly 25% of their value so far this year and trade around $25. Opiant Pharma is a commercial-stage specialty pharmaceutical company developing medicines to treat addictions and drug overdose. The lead product is NARCAN nasal spray, which is approved for opioid overdose […]

Suppliers’ failure to remit taxes could result in credits being blocked Amendments to the GST law mooted in the Finance Bill could stretch businesses’ cash flows and lay the onus on taxpayers to accurately report input tax while filing returns, as the Bill seeks to scrap the provisional input tax […]

Tech stocks on the Nasdaq are rising, led by big gains from shares of Google parent Alphabet Inc. (GOOG) after the company posted strong earnings and announced a 20-for-1 stock split. The Dow Jones wavered and S&P 500 gained.  The indexes rose yesterday in another choppy day of trading, as markets reacted to […]

The threat of economic sanctions against Russia is no deterrent. Vladimir Putin has a backdoor into China that will remain wide open whatever the West tries to do. Putin will be the guest of honour this week at Beijing’s Winter Olympics, basking in his four-star rank as a “most trustworthy […]