(Reuters) -Diageo ( DEO ) withdrew its medium-term organic sales growth target on Tuesday as the world's top spirits maker took steps to try and mitigate the impact of U.S. tariffs. The maker of Johnnie Walker whisky and Guinness beer had previously forecast medium-term organic net sales growth of 5% to 7%. It said it had scrapped the forecast because...

TOKYO, Feb 4 (Reuters) - Japan's largest lender Mitsubishi UFJ Financial Group ( MUFG ) reported on Wednesday a 32% surge in quarterly net profit, powered by sales of cross-shareholdings and a bump in margins due to higher interest rates in Japan. Three rate hikes since March 2024 have widened domestic loan spreads, while the return of inflation has encouraged...

TOKYO, Feb 4 (Reuters) - Japan's Panasonic Holdings ( PCRFF ) raised the full-year earnings forecast for its energy unit, which supplies batteries to Tesla, on stronger sales of energy storage systems and improved profitability at its U.S. battery plant. Panasonic ( PCRFF ) raised the battery segment's full-year outlook by 14% to 124 billion yen ($798.35 million) after it...

BEIJING(Reuters) - China announced sweeping export controls on Tuesday targeting five metals used across defence, clean energy and other industries, minutes after an additional 10% tariff on Chinese goods imposed by U.S. President Donald Trump came into effect. The decision to restrict tungsten, indium among other metals is the latest attempt by China to weaponise its dominance in the mining...