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July, 31, 2016

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Business > Company Focus
Japanese automaker Nissan Motor Co. is reporting a 136.4 billion yen (US$30.7 million) profit for the fiscal quarter through June, down nearly 11 percent from the same period a year ago, after a mileage testing scandal at its supplier hit its minicar sales in Japan.
 
Shares in Taiwan closed higher Wednesday as foreign institutional investors continued to buy ahead of Thursday when Morgan Stanley Capital International (MSCI) Taiwan Index is scheduled to calculate its monthly returns, dealers said.
 
Limited-edition Nescafe canned coffee hits shelves
Taiwanese drink an average of 100 cups of coffee every year. The overall market value for coffee exceeds NT$60 billion per year, prompting coffee providers competing against one another to win people's hearts and taste buds.
 
Tim Armstrong re-emerges as key figure after Yahoo-Verizon deal
With the Yahoo-Verizon deal Monday, AOL chief Tim Armstrong has re-emerged as a figure who may be key in the effort to shape a new internet strategy.
 
Hyundai hit by slow emerging market sales
Currency swings and slumping sales in emerging markets took a further toll on South Korea's Hyundai Motor, which reported Tuesday a drop in net profit for the 10th consecutive quarter.
 
DBS is world's best digital bank: Euromoney
The Development Bank of Singapore (DBS) has been named the world's best digital bank in 2016 by the Euromoney magazine, beating out strong contenders such as BBVA of Spain, Citi of the U.S. and ING of the Netherlands, according to a press release recently issued by the DBS.
 
The world's top brewer Anheuser-Busch InBev raised its offer for rival SABMiller on Tuesday after a major slump by the British pound due to the Brexit vote threw the blockbuster deal into doubt.
 
Amazon announced Monday plans to test delivery drone technology in Britain, as the U.S. online commerce giant tries to advance the idea safely.
 
Germany's number two bank, Commerzbank, said late Monday its capital position weakened in the second quarter while its profits over the period slumped almost a third.
 
BP's second-quarter earnings fell 45 percent as lower oil prices hit the British energy company.
 
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