TOKYO, July 18 Reuters Nearly a quarter of Japanese companies have adopted artificial intelligence AI in their businesses, while more than 40 have no plan to make use of the cuttingedge technology, a Reuters survey showed on Thursday. The survey, conducted for Reuters by Nikkei Research, pitched a range of questions to 506 companies over […]

BENGALURU, July 18 Reuters Shares of Asian Paints fell as much as 4.5 in early trade on Thursday, a day after India39;s no.1 paint maker reported its steepest quarterly profit slide in three years, hurt by weak demand and price cuts. Out of 34 analysts covering Asian Paints, at least six downgraded its shares after the […]

FRANKFURT, July 18 Reuters Swiss drugmaker Novartis raised its 2024 earnings guidance for the second time on Thursday, driven by a gain in prescriptions of drugs including heart failure treatment Entresto and Kesimpta for multiple sclerosis. It said in a statement that fullyear adjusted operating income is expected to grow by a mid to high teens […]

TAIPEI, July 18 Reuters Taiwanese chipmaker TSMC posted a 36 rise in secondquarter net profit on Thursday that beat market expectations as it rides a surge in demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd TSMC , the world39;s largest contract chipmaker and a major Apple and Nvidia supplier, saw AprilJune net profit […]

STOCKHOLM, July 18 Reuters Swedish truck maker AB Volvo reported on Thursday a bigger rise than expected in secondquarter operating profit and said demand continued to normalise compared with the high levels of 2023. Operating profit was 20.3 billion crowns 1.92 billion against a yearearlier 14.6 billion and a mean forecast in an LSEG poll of […]

July 17 Reuters Construction of U.S. solarmanufacturing plants by Chinese companies is surging, putting China in position to dominate the nascent industry, as other American factories struggle to compete despite federal subsidies. Chinese companies will have at least 20 gigawatts39; worth of annual solar panel production capacity on U.S. soil within the next year, enough […]

LONDON, July 17 Reuters Athletic wear giant Adidas and fashion house Thom Browne resumed their legal battle on Wednesday, with London39;s High Court hearing the latest round of a global dispute focused on their competing striped trademarks. New York designer Thom Browne, who regularly uses a fourbar stripe pattern, sued Adidas in London in 2021 to […]

Insider Elhedery is a continuity choice CFO replacement to be named in due course Outgoing Quinn oversaw raft of asset sales HSBC London, Hong Kong shares trade flat after announcement LONDON, July 17 Reuters HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, opting for […]

July 17 Reuters Shoppers spent about 7.2 billion online across retailers during the first day of Amazon39;s Prime Day in the United States, according to a report from Adobe Analytics on Wednesday. Major retailers including Walmart and Target have launched deals and shopping events through July to attract customers by offering deep discounts to compete with the […]