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The Latest Breaking News from Asia Pacific

Goodyear Q1 Earnings Beat Estimates Aided By Cooper Tire, Pricing Actions

Goodyear Tire & Rubber Co (NASDAQ:GT) reported first-quarter FY22 net sales growth of 39.8% year-on-year to $4.91 billion, beating the consensus of $4.65 billion. Cooper Tire merger, improvements in price/mix, higher volume, and increased sales from other tire-related businesses drove the growth. Sales in the Americas rose 63% Y/Y, Europe, Middle East &…

Benzinga

Why Kellogg Shares Are Trading Higher Today

Kellogg Company (NYSE:K) reported first-quarter FY22 sales growth of 2.4% year-on-year to $3.67 billion, beating the consensus of $3.59 billion. Adjusted EPS of $1.10 beat the analyst consensus of $0.93. Kellogg North America's sales decreased 1%, Europe climbed 2%, Latin America's sales gained 8%, Asia Pacific, Middle East, and Africa's sales jumped 12%.…

Benzinga

Fearing inflation, Asia finally says bye to low interest rates

The region is moving to address inflationary warning signs after avoiding skyrocketing prices seen in the US.

Al Jazeera

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Google To Invest $9.5B Across US Offices, Data Centers

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google looks to invest $9.5 billion across its U.S. offices and data centers in 2022. In 2021, Google looked to invest $7 billion in the initiative. Google will open a new office in Atlanta in 2022 and expand its data center in Storey County, Nevada. The investment aims to create at…

Benzinga

Nearly Half of Crypto Owners First Bought Digital Assets in 2021

Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from US cryptocurrency exchange Gemini. The survey of nearly 30,000 people across 20 countries, which was conducted between November 2021…

Asharq Al-Awsat

Axon Reveals First Body-Worn Camera Deployment In The Maldives

Axon Enterprise Inc (NASDAQ:AXON) stated that the Maldives Police Service (MPS) equipped 200 officers with Axon Body 3 body-worn cameras and Axon's digital evidence management solution, Axon Evidence. Axon Body 3 is the next-generation body-worn camera designed to improve officer and community safety. "We are excited to partner with the Maldives Police Service…

Benzinga

Hurco Companies Clocks 24% Sales Growth In Q1

Hurco Companies, Inc (NASDAQ:HURC) reported first-quarter FY22 sales and service fees growth of 24% year-over-year to $66.89 million. EPS improved to $0.53 from $0.10 in 1Q21. Orders for the quarter increased 24% Y/Y to $70.86 million. Sales by geographic region: Americas $24.01 million (+3% Y/Y), Europe $34.12 million (+41% Y/Y), and Asia…

Benzinga

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Nowhere to hide but China bonds?

Hayden Briscoe Head of Fixed Income, Global Emerging Markets and Asia Pacific at UBS Asset Management (UBS-AM) remains optimistic on China bonds even though regulations-induced market volatility has impacted investments in China. China onshore bonds1 were one of the few fixed income sub-asset classes which rallied in 2021, and equally…

Bangkok Post

Stellantis Registers 14% Pro Forma Revenue Growth In FY21

Stellantis NV (NYSE:STLA) reported FY21 Pro Forma sales growth of 14% year-on-year, to €152 billion, versus €133.9 billion the previous year. On a Pro Forma basis, North America revenue rose 15% Y/Y to €69.7 billion, South America increased 71% to €10.7 billion, Europe 5% to €59 billion, Middle East & Africa rose 9%…

Benzinga

Tupperware Brands Registers 12% Sales Decline In Q4

Tupperware Brands Corp (NYSE:TUP) reported a fourth-quarter FY21 sales decline of 12% year-on-year, to $394.9 million, beating the consensus of $384.97 million. Sales in North America fell 12% Y/Y to $108.3 million, South America decreased 16% to $62.4 million, Europe declined 11% to $106.5 million, and Asia Pacific sales dropped 11% to $117.7…

Benzinga

Asia Pacific set to become world’s largest data centre region over next decade

Asia Pacific’s data centre market continues to grow at a relentless pace and is set to become the world’s largest data centre region over the next decade. According to Cushman & Wakefield’s latest 2022 Data Centre Global Market Comparison report, Singapore, Hong Kong and Sydney are ranked among the top…

Bangkok Post

Kellogg Stock Gains On Q4 Earnings Beat

Kellogg Co (NYSE:K) reported a fourth-quarter FY21 sales decline of 1.3% year-on-year, to $3.42 billion, beating the analyst consensus of $3.39 billion. Q4 sales were negatively affected by lapping an extra week in the year-earlier period. Adjusted EPS of $0.83 beat the analyst consensus of $0.79. Kellogg North America's sales decreased 3%, Europe…

Benzinga

Asia Pacific trade booms despite COVID curbs: ADB

Asian Development Bank President Masatsugu Asakawa says harsh pandemic restrictions are now ‘more difficult to justify’.

Al Jazeera

AstraZeneca Thailand certified as Top Employer 2022 in Thailand and Asia Pacific

AstraZeneca (Thailand) Ltd. has been recognised as a 2022 Top Employer in Thailand and Asia Pacific by the Top Employers Institute. Being certified as a Top Employer showcases the organisation’s dedication to a better world of work. It exhibits through excellent staff-oriented policies, a life-long learning culture, and an inclusive…

Bangkok Post

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Al Jazeera

As Omicron pushes the West to reopen, Asia hunkers down

The variant is sharpening an East-West divide on the balance between public health, the economy and basic freedoms.

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