PARIS (Reuters) - Jet engine and equipment maker Safran reaffirmed financial targets as it posted higher first-half profit on Wednesday, led by growth in the demand for spares and maintenance for existing aircraft and an end to losses in aircraft interiors. The French aerospace company said recurring operating income rose 41% in the first half to 1.974 billion euros ($2.14...

NEW YORK (Reuters) - The Biden administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor manufacturing equipment from some foreign countries to Chinese chipmakers, two sources familiar with the rule said. But shipments from allies that export key chipmaking equipment - including Japan, the Netherlands and South Korea - will...

TOKYO (Reuters) - Demand for hybrids is likely to deliver another quarter of double-digit growth for Japan's Toyota Motor ( TM ) when it reports earnings on Thursday, although it is expected to show signs of slowing after a run of record profits. Analysts will be paying close attention to how much momentum the world's top-selling automaker has lost from...

BERLIN (Reuters) - German flag carrier Lufthansa expects lower earnings in the third quarter as yields slump and unit costs increase, the company said on Wednesday. Airfares around Europe and Asia have started to plateau or fall, signalling that a prolonged post-COVID travel boom is waning and delivering a setback for airlines struggling with higher costs and limited aircraft availability....