Stellantis CEO says Tesla margins hurt as EV maker faces reality check
MILAN (Reuters) – Stellantis head Carlos Tavares said on Wednesday that the profitability of Tesla was declining as the rival…
July 2023
Nissan roughly doubles first-quarter profit, lifts outlook
TOKYO (Reuters) – Japan’s Nissan Motor roughly doubled its first-quarter profit on Wednesday, boosted by higher production and sales in…
Stellantis tops forecasts, looks to cost cuts to keep margins strong
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Revenue and operating profit grew at Stellantis in the first half to…
Hyundai Motor lifts full-year outlook as Q2 profit up 15%
By Heekyong Yang and Ju-min Park SEOUL (Reuters) -South Korea’s Hyundai Motor Co raised its annual sales and profit margin…
Liftmaker Otis beats analyst estimates for quarterly profit, revenue
(Reuters) – Liftmaker Otis Worldwide posted second-quarter revenue and profit above analysts’ estimates on Wednesday, fueled by sustained demand for…
European banks flag bad loan risks as global economy falters
By Iain Withers, Valentina Za and Jesús Aguado LONDON/MILAN/MADRID (Reuters) – Europe’s major banks, including Deutsche Bank and Lloyds Banking…
Marketmind: Markets brace for Fed decision, earnings flood
A look at the day ahead in European and global markets from Brigid Riley All eyes are on the Federal…
Riyadh detains relatives of US citizen after a Pennsylvania lawsuit, rights groups say
By Aziz El Yaakoubi RIYADH (Reuters) – Saudi Arabian authorities have detained five relatives of a U.S. citizen, three rights…
UPS deal burnishes US Teamsters leader’s image as one ‘tough SOB’
By Lisa Baertlein LOS ANGELES (Reuters) – The head of the Teamsters union stared down UPS with a potential multibillion-dollar…
Loblaw beats quarterly estimates on resilient demand for essentials
(Reuters) -Canadian retailer Loblaw on Wednesday beat Wall Street expectations for second-quarter revenue and profit, helped by sustained demand for…