BANGKOK - Thailand's second-largest budget carrier, Nok Airlines , said on Monday it expected its net loss in the third quarter will be lower than the second and aims to make profit in the fourth quarter due to rising passenger numbers.
LONDON - Tesco will slash its dividend and investment spending to give its new boss more firepower to rebuild Britain's biggest retailer, after a second profit warning in two months showed the scale of the task he faces. | Video
NEW YORK - Bill Gross's Pimco Total Return Fund, the world's largest bond fund, rose about 1.1 percent in August to beat 76 percent of its peers, preliminary Morningstar data showed on Friday.
PARIS - French luxury goods maker Hermes said on Friday that foreign exchange rates hit profitability and would lead to a drop in its operating margin this year.
SYDNEY - Woolworths Ltd , Australia's largest supermarket chain by market share, on Friday posted an 8.5 percent rise in annual net profit but said trading conditions were challenging as consumers were reluctant to spend in uncertain economic times.
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