The Los Angeles Post
U.S. World Business Lifestyle
Today: March 24, 2025
Today: March 24, 2025
Sameer Manekar

Sameer Manekar

Staff Writer

Latest From Sameer Manekar

Australia|Business|Economy|Finance|Stock Markets

Australia's Coles profit meets Street view, dividend highest in over 5 years

Australian grocer Coles Group reported a first-half profit in line with market expectations and declared its highest dividend in at least five years on Thursday, helped by

Australia's Coles profit meets Street view, dividend highest in over 5 years
Australia|Business|Finance|Stock Markets|Technology

Embattled founder Richard White takes on WiseTech chairman role, shares rise

Australian logistics software maker WiseTech Global appointed former CEO Richard White as its executive chairman on Wednesday, even as the firm's

Australia|Business|Economy|Finance|Stock Markets

Woodside sees $1.2 billion US LNG play paying off as Trump policies drive deals

Woodside Energy, Australia's top gas producer, is well positioned to capitalise on demand for U.S. liquefied natural gas driven by President

Woodside sees $1.2 billion US LNG play paying off as Trump policies drive deals
Australia|Business|Economy|Food

Guzman y Gomez shares plunge as U.S. sales slow, underlying profit misses

Mexican fast-food chain Guzman y Gomez on Friday reported first-half underlying earnings that missed estimates as declining sales at its U.S. outlets

Guzman y Gomez shares plunge as U.S. sales slow, underlying profit misses
Australia|Business|Economy|Finance|Stock Markets

Australia's Wesfarmers sees tariff inflation risk as profit beats forecast

Australia's biggest non-food retailer Wesfarmers said it may raise prices as a soft local dollar drives up supply costs and warned on Thursday that tariffs

Australia's Wesfarmers sees tariff inflation risk as profit beats forecast
Australia|Business|Economy|Finance

Borrowing strain hits Q1 profit at Australia's NAB, shares dive

National Australia Bank, the country's biggest business lender, said on Wednesday that first-quarter profit slipped as competition for customers ate

Borrowing strain hits Q1 profit at Australia's NAB, shares dive
Australia|Business|Economy|Finance|Stock Markets

Valuation risks loom large over Australia's top bank CBA's first-half earnings

Commonwealth Bank of Australia's strong asset quality is expected to help the lender deliver marginal cash earnings growth in the first half, though analysts believe its

Valuation risks loom large over Australia's top bank CBA's first-half earnings
Uncategorized

BYD unit buys US firm Jabil's mobile parts business in China for $2.2 billion

Chinese automaker BYD said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil Inc to buy its mobile electronics manufacturing business in China for 15.8 billion yuan ($2.2 billion). The deal will expand BYD Electronic’s (BE) customer base, product portfolio and its smartphone components business as it looks to capture Jabil’s potential growth in the sector. Singapore-based Jabil Circuit, which manufactures printed circuit boards, established a unit this month that absorbed its product-manufacturing businesses in Chengdu and Wuxi, which will now be sold to the Chinese group. Shares of

BYD unit buys US firm Jabil's mobile parts business in China for $2.2 billion
Australia|Business|Economy|Finance

Australia banks face profit squeeze on rising costs, mortgage competition

Australia's biggest banks are likely to report weaker first-half profit as high operating costs and competition to sell mortgages and deposits squeeze margins, setting up

Australia banks face profit squeeze on rising costs, mortgage competition
Asia|Business|Economy|US

Bears firm up bets on Asian currencies as US rate cuts remain elusive : Reuters poll

Analysts have solidified their bearish positions on most Asian currencies as higher-for-longer U.S. interest rates and a resilient dollar are likely to continue to hurt

Bears firm up bets on Asian currencies as US rate cuts remain elusive : Reuters poll
Election|Finance|Stock Markets|Technology|US

Bitcoin hits 2-month low on election uncertainty, Mt Gox flows

Bitcoin slid to a two-month low on Thursday, extending a month-long fall, as uncertainty over U.S. presidential elections and reports of bitcoin supply from a defunct

Bitcoin hits 2-month low on election uncertainty, Mt Gox flows
Asia|Business|Finance

DBS CEO says bank hunting for bolt-on deals, not game-changing ones

DBS Group is looking for bolt-on acquisitions that would support its geographic and business strategy but has ruled out making a major buy to save

DBS CEO says bank hunting for bolt-on deals, not game-changing ones
Asia|Business|Economy|Finance|News

Asia investors wager on region's rebound, China recovery

Asia's rich and their bankers said they are backing an eventual recovery in China and betting exposure to a region that even in a slowdown is

Asia investors wager on region's rebound, China recovery
Economy|Finance|Stock Markets|US

Dollar drops, yen surges as consumer prices fall in June

The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, while a sharp gain in the Japanese yen sparked speculation of a

Dollar drops, yen surges as consumer prices fall in June
Asia|Economy|Finance

Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies: Reuters poll

Analysts have turned bullish on most major Asian currencies for the first time in more than a year, bolstered by rising bets of interest rate cuts by the Federal Reserve

Business|Finance|News|Stock Markets

BHP doubles down on copper growth after better-than-expected profit

BHP Group will focus on growing its copper business through existing and incoming projects after its failed attempt to buy Anglo American, it

BHP doubles down on copper growth after better-than-expected profit
Asia|Economy|Finance|US

Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows

Analysts remained bullish on most Asian currencies despite marginally dialling back some bets, a Reuters poll showed on Thursday, as a defensive U.S. dollar driven by a

Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows
Business|Finance|Technology|US

EV chipmaker Wolfspeed set to receive $750 million US chips grant

Wolfspeed is set to receive $750 million in government grants for its new North Carolina silicon carbide wafer manufacturing plant facility

EV chipmaker Wolfspeed set to receive $750 million US chips grant
Business|Finance

Australia clears Chemist Warehouse-Sigma Healthcare $5.8 billion deal

The Australian competition regulator, on Thursday, cleared privately owned pharmacy chain Chemist Warehouse's reverse takeover of Sigma Healthcare,

Australia clears Chemist Warehouse-Sigma Healthcare $5.8 billion deal
Asia|Finance|Stock Markets

Bears pounce on Asian currencies on Trump tariff concerns: Reuters poll

Investors sharply ramped up their short bets on Asian currencies and turned bearish on the Singapore dollar for the first time since early July on rising

Bears pounce on Asian currencies on Trump tariff concerns: Reuters poll

Follow