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LONDON: BMW raised its profit forecast for 2021 on Tuesday after strong quarterly results, but said the global semiconductor chip shortage and rising raw materials prices would hurt its performance in the second half of the year.
SHANGHAI: China intensified its weeks-long campaign to cool a raw-materials boom, pledging severe punishment for violations ranging from excessive speculation to spreading fake news.
BEIJING: China's factories slowed their output growth in April and retail sales significantly missed expectations as officials warned of new problems affecting the recovery in the world's second-largest economy.
KUALA LUMPUR: Packaging firm Daibochi said its operating profit in the second quarter ended Jan 31 was impacted by rising raw material prices and freight cost.
KUALA LUMPUR: Stocks to watch on Tuesday include Mestron Holdings Bhd, Supermax Corp Bhd, Iris Corp Bhd, Homeritz Corp Bhd and KTG Bhd, according to JF Apex Research.
BEIJING: Profits at China's industrial firms rose for a fifth straight month in September, but at a slower pace as factory-gate deflation and rising raw materials costs undercut a recovery in the manufacturing sector.
BRUSSELS: ArcelorMittal, the world's largest steelmaker, cut its demand forecast for its key markets on Thursday and said it was facing the twin challenges of lower steel prices and reduced consumption in Europe.
NEW YORK: Technology stocks pushed the S&P 500 and Nasdaq higher on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars. Apple Inc extended its post-earnings rally, gaining 2.9 percent and pushing its market value across the trillion-dollar threshold.
TOKYO: Japanese business sentiment worsened for the first time in two years in the three months to March, a closely watched central bank survey showed, as rising raw materials and labour costs weigh on an otherwise steady economic recovery.