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Honda records 20 pct profit rise on yen, despite recalls
2015-07-31 09:40:03| Automakers - Topix.net
Japanese automaker Honda is seeing a 20 percent jump in fiscal first quarter profit on the back of a cheap yen that offset the damage from a massive air bag recall. Honda Motor Co.
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Signed contracts to buy US homes tumbled 1.8 pct. in June, as limited supplies weigh on market
2015-07-29 18:52:55| Real Estate - Topix.net
The number of signed contracts to buy homes fell in June, as limited supplies of homes on the market are holding back possible sales growth. The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index declined 1.8 per cent to 110.3 last month.
Nissan's quarterly profit rises 36 pct on cheap yen, US and Europe sales, sticks to forecasts
2015-07-29 14:05:01| Automakers - Topix.net
Nissan's April-June profit jumped 36 per cent as the Japanese automaker benefited from a cheap yen and better sales in the U.S. and Europe. Nissan Motor Co., which makes the March subcompact, Leaf electric car and Infiniti luxury models, reported Wednesday a fiscal first quarter profit of 152.8 billion yen .
Nippon Steel to cut July-Sept crude steel output 6 pct
2015-07-29 12:49:39| Steel - Topix.net
Nippon Steel & Sumitomo Metal Corp, Japan's top steelmaker, plans to cut crude steel output in the July-September quarter by 690,000 tonnes or 6 percent from a year earlier as it struggles to bring down inventories. The drop to 10.9 million tonnes is in line with the 6.1 percent fall forecast by the industry ministry in Japan's total crude steel output for the period, which would take it to the lowest level for the quarter in six years.
US home prices rose 4.9 pct. in May, lifted by strong sales
2015-07-28 15:50:22| Real Estate - Topix.net
The Standard & Poor's/Case-Shiller 20-city home price index increased 4.9 percent in May from 12 months earlier, down slightly from a 5 percent pace in April, according to S&P Dow Jones Indices. Home sales have jumped in recent months as an improving economy boosts hiring and enables more people to afford a purchase.
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