Retail in Asia

In Shops

UPS tops profit estimates, raises guidance

United Parcel Service is confident it can overcome a slow economic recovery in the US and Europe and is once again raising its outlook for the year.

The world’s largest shipping company said on Thursday its earnings in the April to June period jumped to USD845 million compared with 445 million a year ago. Revenue rose 13 percent to USD12.2 billion.

(Source: CNBC)