Visa sees muted revenue growth in 2020, shares fall 3%

Visa Inc on Thursday fell short of analysts' estimate for first-quarter revenue and said revenue this year would be crimped by incentives it provide to banking clients, sending its shares down nearly 3%.

from Reuters: Money News https://ift.tt/318ZRiU
via IFTTT

Japan jobless rate steady in December at 2.2%

Japan's jobless rate and the availability of jobs held steady in December, government data showed on Friday.

from Reuters: Money News https://ift.tt/36JepH4
via IFTTT

Tokyo Jan. core CPI rises 0.7 percent year-on-year

Core consumer prices in Tokyo rose 0.7 percent in January from a year earlier, government data showed on Friday.

from Reuters: Money News https://ift.tt/36FE6IN
via IFTTT

SK Hynix fourth-quarter profit misses forecasts, hit by prolonged chip downturn

South Korea's SK Hynix , a chip supplier to Apple Inc and Huawei, said on Friday its fourth-quarter operating profit slumped 95%, missing analysts' estimates, as chip prices were hit by oversupply and weaker demand.

from Reuters: Money News https://ift.tt/2OdRY6N
via IFTTT

Triton offers to buy Renk for 97.80 euros a share

German car and truck maker Volkswagen on Thursday said it had sold its transmissions making unit Renk to Triton for 97.80 euros a share, in a deal which gives Volkswagen proceeds of 530 million euros (447 million pounds).

from Reuters: Money News https://ift.tt/2Ub54p9
via IFTTT

Samsung Electronics says fourth-quarter profit slumped 34%, flags gradual chip recovery

Samsung Electronics Co said on Thursday its fourth-quarter operating profit slid by a third as the South Korean conglomerate soaked up a downturn in the memory chip market, but forecast a gradual recovery in chip prices this year.

from Reuters: Money News https://ift.tt/2RCes37
via IFTTT

British car production falls at quickest pace since recession

British car output dropped last year at the fastest rate since the 2008-9 recession, hit by slumping exports and diesel demand, as an industry body called for an ambitious post-Brexit trade deal to protect the sector.

from Reuters: Money News https://ift.tt/38R57dO
via IFTTT