Stellantis CEO says Tesla margins hurt as EV maker faces reality check
MILAN Stellantis head Carlos Tavares said on Wednesday that the profitability of Tesla was declining as the rival
2023-07-26 20:27
Boeing boosts monthly 737 production to 38; defense unit struggles
(Reuters) -Boeing said on Wednesday it was ramping up production of its bestselling 737 MAX narrowbody jet to 38 per
2023-07-26 19:54
Santander Brasil weighs on group results as Q2 net profit falls 45%
SAO PAULO (Reuters) -Brazilian lender Santander Brasil on Wednesday reported higher second-quarter net profit on a sequential basis but saw
2023-07-26 18:59
Hilton raises full-year profit forecast on strong travel demand
Hilton Worldwide Holdings Inc raised full-year adjusted profit forecast on Wednesday, as the U.S. hotel operator expects pent-up
2023-07-26 18:22
US machinery makers eye bumper earnings for now, but inventory glut looms
By Bianca Flowers CHICAGO U.S. equipment makers are likely to face excess inventory early next year as demand
2023-07-26 18:20
With 50 senior hires, Deutsche Bank sees advisory business at turning point
FRANKFURT Deutsche Bank on Wednesday said that it had hired 50 senior bankers in the origination and advisory
2023-07-26 18:17
Rio Tinto posts lowest H1 profit in 3 years on weak iron ore prices, cuts dividend
(Reuters) -Rio Tinto slashed its interim dividend on Wednesday as the miner reported its lowest first-half underlying earnings in three
2023-07-26 14:50
Stellantis operating profit rises 11% in H1 topping forecasts
MILAN Carmaker Stellantis said on Wednesday its operating profit rose 11% in the first half of this year,
2023-07-26 14:22
Porsche confirms forecast on 10.7% higher operating profit in H1
BERLIN (Reuters) -Porsche AG on Wednesday reported a rise in operating profit of 10.7% to 3.85 billion euros ($4.25 billion)
2023-07-26 14:22
Aston Martin posts smaller quarterly loss, keeps 2023 forecast
British luxury carmaker Aston Martin kept its 2023 forecast unchanged on Wednesday after reporting a smaller pretax loss
2023-07-26 14:20
Puma reports higher Q2 sales
German sportswear maker Puma on Wednesday said its second-quarter sales grew by 11%, slightly ahead of market expectations,
2023-07-26 14:20
Deutsche Bank Q2 profit falls 27% on investment banking slump
FRANKFURT (Reuters) -Deutsche Bank posted on Wednesday a 27% fall in second-quarter profit as investment banking revenues slumped, but the
2023-07-26 13:57