Japanese automaker Toyota Motor reported a second consecutive decline in quarterly profit, with a 28% drop in operating profit compared to the previous year, despite a rise in net income. The company’s consolidated vehicle sales also decreased, but it maintained its full-year dividend forecast and saw a slight increase in share value. Toyota’s focus on hybrids over fully electric vehicles has impacted its performance, although plans to build a new EV factory in China signal a shift in strategy.
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RBA interest rates: ‘Cautious’ board worried June inflation will be higher than forecast
The Reserve Bank of Australia (RBA) decided to maintain the cash rate at 3.85% due to concerns that June quarter inflation might exceed forecasts, despite recent signs of slowing inflation. Additionally, the unemployment rate rose to 4.3%, prompting discussions about potential interest rate cuts, while consumer and business confidence in Australia remained relatively stable amid easing global trade tensions. Want More Context? 🔎
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