Rolls-Royce leaps as airline and defence demand lifts profits
By Paul Sandle and Sarah Young LONDON (Reuters) – Aero-engineer Rolls-Royce hiked its full-year operating profit forecast by around 45%…
Evergrande EV unit reports about $10 billion loss for 2021, 2022
(Reuters) -China Evergrande New Energy Vehicle Group reported a combined net loss of 71.12 billion yuan ($9.95 billion) for 2021…
Coca-Cola raises annual forecasts as demand unaffected by price hikes
By Ananya Mariam Rajesh (Reuters) -Coca-Cola Co raised its annual revenue and profit forecasts after beating quarterly results on the…
Samsung unveils new foldable phones to challenge Apple’s premium dominance
By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled its latest foldable smartphones on Wednesday, keeping prices around the same…
US charges British billionaire Joe Lewis with insider trading
By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) -The British billionaire Joe Lewis has been criminally charged in New…
Union Pacific appoints former executive Jim Vena as CEO
Union Pacific Corp on Wednesday named former chief operating officer Jim Vena as its top boss, months after CEO Lance…
Binance withdraws application for crypto license in Germany
(Reuters) -Binance has withdrawn its application for a crypto license in Germany, suggesting the world’s biggest cryptocurrency exchange is rethinking…
Limited support for central bank digital currencies in global investment industry survey
By Marc Jones LONDON (Reuters) – The most comprehensive survey of the global investment industry on central bank digital currencies…
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…
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…