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(MENAFN - AFP) Sales of popular home appliances and televisions offset slumping smartphone sales at South Korea's LG Electronics, which reported a sharp increase in second-quarter net profits on Thursday.

Net income for April to June amounted to 268.5 billion won ($238.5 million), up 18.6 percent from a year earlier and 36 percent from the previous quarter, the Seoul-based ...

 
(MENAFN - AFP) The dollar sank Thursday after the Federal Reserve indicated it would take a slow, measured approach to any interest rate hikes, while Tokyo led most Asian markets lower on worries over the size of the Bank of Japan's expected stimulus.

After a closely watched meeting the Fed held borrowing costs but noted the world's top economy had improved and expressed ...

 
(MENAFN - AFP) Spain's oil giant Repsol said Thursday that its net profit fell 30 percent in the second quarter, with asset sales failing to compensate for restructuring costs.

The 205 million euros ($228 million) in net earnings was way below the 341 million euros expected by analysts surveyed by Factset.

Net profit for the first half of the year came in at 639 million ...

 
(MENAFN - AFP) Japan's SoftBank said Thursday net profit jumped 19 percent in its fiscal first quarter owing to gains from selling some of its stake in Chinese e-commerce giant Alibaba, offsetting losses at US mobile unit Sprint.

The company, which also pointed to upbeat results in its domestic business, reported a 254.16 billion yen ($2.4 billion) net profit in April-June.

The ...

 
(MENAFN - AFP) German sporting goods brand Adidas lifted its profit forecast for the third time in six months on Thursday after better-than-expected preliminary results in the second quarter.

The firm said it had earned a net profit of 291 million euros ($322.7 million) in the three months to June -- 99 percent more than the same period in 2015.

Increased profits came ...

 
(MENAFN - AFP) Scandal-struck car manufacturer Volkswagen said Thursday that its profits fell in the second quarter by 57 percent to 1.15 billion euros ($1.3 billion).

Second-quarter profits were weighed down by almost 2.5 billion euros of special items, mostly related to 2015's diesel emissions cheating scandal.

"Further enormous feats of strength will be needed to ...

 
(MENAFN - AFP) French oil major Total said Thursday a recovery in crude prices, cost cutting, and increased output helped it limit a fall in its profits for the second quarter.

Net earnings fell by 30 percent to $2.1 billion (1.9 billion euros) in April through June compared to the same period last year. Sales slumped by 17 percent to $37.2 billion.

Adjusted net income, ...

 
(MENAFN - AFP) Renault on Thursday posted a 7.5 percent increase in net profit in the first half, a result the French automaker said was a record in terms of profitability.

Net profit came in at 1.5 billion euros ($1.66 billion) on sales of 25.2 billion euros, up 13.5 percent, as strong sales of new car models kicked in.

"Success of our new models, our regional diversification ...

 
(MENAFN - AFP) French supermarket group Carrefour said Thursday its half-year net profit tumbled due to one-off items and as low fuel prices and currency rates ate away at sales.

It said net profits for the period were 129 million euros ($143 million), down 40.8 percent and just below analysts' forecasts.

Excluding exceptional items linked to restructuring costs, profits ...

 
(MENAFN - AFP) French bank BNP Paribas managed to avoid a slide in profits in the second quarter, due in large part to a gain from selling its stake in the Visa card operator.

The bank said Thursday that in April through June its net profit edged up to 2.6 billion euros ($2.9 billion), much higher than the average of 2.2 billion expected by analysts surveyed by FactSet.

However ...

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