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BMW profit down for first time in a decade

Bmw profit slumps on weaker markets, $1.6bn provision copy

Bloomberg BMW AG’s automotive division swung to a loss for the first time in a decade as car prices slumped and a legal provision over alleged collusion ballooned to 1.4 billion euros ($1.6 billion). Excluding the set-aside, earnings at the carmaker’s main unit fell by 42 percent to 1.1 billion euros in the first quarter. Price competition in some markets ...

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DSM raises 2019 outlook on growth into nutrition market

Dsm raises 2019 outlook on growth into nutrition markets copy

Bloomberg Royal DSM NV bucked a downward trend in the chemical industry by raising 2019 guidance as the Dutch company beat profit forecasts following growth in nutrition and healthcare markets. The maker of vitamins and dietary supplements sees earnings increasing by close to 10 percent this year, dropping the lower end of its previous guidance range. Adjusted earnings before interest, ...

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Mexico border delays weigh on US investment, factories

Container cargo ship in the ocean with birds flying

Bloomberg More cargo from Mexico to the US is being held up at the border, accompanied by increasing evidence that such delays are dimming prospects for American companies. Slower trade between the countries since federal border officers were recently redirected to deal with a surge in migrants has been socking businesses with additional shipping costs. The effects will likely cause ...

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