Company Results & Outlooks
HONG KONG/LONDON - HSBC Holdings beat expectations with a 10 percent rise in first-half profit thanks to a strong performance in Hong Kong and has agreed a $5.2 billion sale of its business in Brazil.
BRUSSELS - Heineken NV , the world's third largest brewer, reported higher first-half results than markets expected as it increased profit in all regions except Africa and maintained its full-year forecast of growth, albeit slower than in 2014.
NEW DELHI/MUMBAI - Industrial giant Larsen & Toubro Ltd criticised on Friday the "unhurried pace" of government reforms for weakening investment in its home market, as it reported a 37 percent slide in first-quarter profit.
MUMBAI - ICICI Bank Ltd said on Friday it saw the rate of new troubled loans slowing as the nation's biggest private sector lender by assets reported a better-than-expected quarterly profit.
REUTERS - Second-quarter profit at oil producer Chevron Corp tumbled 90 percent, missing analysts' expectations, amid weakness in oil prices.
BRUSSELS - ArcelorMittal, the world's largest steelmaker, said it would do better in the second half of the year than the first and kept its 2015 profit targets, despite cutting its global forecast for steel demand.
TOKYO - Honda Motor Co said on Friday its quarterly net profit jumped 20 percent, beating estimates, as strong sales in the United States and a weak yen helped it absorb the impact of higher quality-related costs.
PARIS - Airbus Group surprised investors with a strong second-quarter rise in earnings, pushing its shares up as much as five percent as lucrative jetliner deliveries outshone more bad news for the A400M military transporter.
PARIS - BNP Paribas aims to grab market share from rivals pulling back from investment banking even as its moves ahead with its own cutbacks, the French bank said on Friday.
MUMBAI - India's central bank policy review is expected to yield little in the way of action on Tuesday, but its statement will be pored over for clues as to whether there is a chance of another interest rate cut this year.