Company Results & Outlooks
MELBOURNE - BHP Billiton reported its worst underlying profit in a decade on Tuesday, gutted by plunging iron ore, copper, coal and oil prices, and said it would cut spending more deeply to shore up dividends.
SYDNEY - Qantas Airways posted one of the fastest turnarounds in Australian corporate history with a return to full-year profit and said it will buy eight fuel-efficient Boeing Co 787-9 Dreamliner jets, enabling it to fly the longest routes possible.
JOHANNESBURG - Miner and commodities trader Glencore posted a 29 percent fall in first-half earnings on Wednesday on sliding metal and oil prices and said capital spending next year was expected to be lower than this year.
- Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its annual forecast on Tuesday, citing higher costs from adding worker hours as well as weaker margins in its U.S. pharmacy business.
MUMBAI - Reliance Communications Ltd , India's fourth-biggest mobile phone carrier, announced a 34 percent rise in quarterly profit on Friday, but missed analyst expectations as regulatory changes hit its core voice business.
NEW DELHI - Jet Airways Ltd said on Friday it made a profit in the June quarter compared to a loss in the year-ago period, helped by a drop in fuel expenses and a one-time gain on sale and leaseback of engines.
MUMBAI - Aluminium and copper producer Hindalco Industries Ltd posted a 67 percent fall in quarterly profit, hurt by lower metal prices and realisations.
ZURICH/LONDON - Nestle, the world's biggest packaged food company, posted better than expected first-half sales growth and stuck to its 2015 forecast, despite a recall of Maggi noodles in India, helped by higher prices in some key product areas.
NEW DELHI - India's top energy explorer Oil and Natural Gas Corp could spend up to $7 billion to develop its block off the country's east coast and expects to begin gas production there in 2018, its chairman said on Thursday.
MUMBAI - DLF Ltd, India's biggest listed property developer, reported on Thursday a 5 percent fall in quarterly profit amid a market slump due to weak economic growth.
REUTERS - There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on Sept. 29 thanks to inflation striking a record low, according to a Reuters poll, marking a shift in expectations from earlier.