Stellantis Profit Beats as CEO Says More Costs Cuts to Come
Stellantis NV posted better-than-expected earnings in the first half of the year as supply-chain and logistics snarls eased
2023-07-26 15:20
Hyundai Motor's Q2 net profit jumps 15%, slightly misses expectations
SEOUL (Reuters) -South Korea's Hyundai Motor Co reported on Wednesday a 15% rise in second-quarter profit helped by solid sales
2023-07-26 13:17
IMF Chief Economist Suggests BOJ Move Away From Yield Control
The International Monetary Fund said Japan’s inflation risks are on the upside, and it recommends the Bank of
2023-07-26 11:29
Top Battery-Maker CATL’s Profit Soars 63% Amid EV Sales Boom
Chinese battery maker Contemporary Amperex Technology Co. Ltd.’s quarterly profit soared, powered by rising electric-vehicle sales globally and
2023-07-26 10:28
British billionaire Joe Lewis indicted on insider trading charges
British billionaire and owner of the Tottenham Hotspur football club Joe Lewis was indicted on insider trading charges by the United States Attorney's Office for the Southern District of New York, the office announced Tuesday.
2023-07-26 09:54
Australia’s Cooler Inflation Bolsters Case for RBA to Stand Pat
Australia’s inflation rate slowed more than expected in the three months through June, reflecting global trends and bolstering
2023-07-26 09:48
Chip Heavyweight Hynix’s Revenue Beats as AI Lifts Memory Demand
SK Hynix Inc. reported better-than-expected revenue, declaring the memory chip market is recovering because of surging interest in
2023-07-26 08:28
Tottenham owner Joe Lewis indicted in the US for ‘brazen insider trading scheme’
Tottenham owner Joe Lewis has been indicted in New York for “orchestrating a brazen insider trading scheme”, a US attorney said. Damian Williams, the US attorney for the Southern District of New York, said in a video released by his office: “Today I’m announcing that my office, the Southern District of New York, has indicted Joe Lewis, the British billionaire, for orchestrating a brazen insider trading scheme. “We allege that for years Joe Lewis abused his access to corporate boardrooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots and his friends. “Those folks then traded on that inside information and made millions of dollars in the stock market, because thanks to Lewis those bets were a sure thing.” Mr Williams described Lewis’s behaviour as “classic corporate corruption”. He said: “Now, none of this was necessary. Joe Lewis is a wealthy man. But as we allege, he used inside information as a way to compensate his employees or to shower gifts on his friends and lovers. “That’s classic corporate corruption. It’s cheating, and it’s against the law. Laws that apply to everyone, no matter who you are. “That’s why Joe Lewis has been indicted and will face justice here in the Southern District of New York.” Lewis, 86, is the founder and primary investor of Bahamas-based investment firm Tavistock Group. He bought a controlling stake in the Premier League club from Lord Sugar in 2001 for £22million.
2023-07-26 07:45
GM to add battery module assembly to some North American EV plants
By Paul Lienert General Motors will begin assembling electric vehicle battery packs near its BrightDrop commercial van plant
2023-07-26 03:59
Bank of England policymakers weigh up 14th rate hike to tame inflation
LONDON The Bank of England is expected to raise interest rates for the 14th consecutive meeting next week
2023-07-25 23:57
Chevy Bolt EV Returns From Near-Death as GM Prepares New Model
When General Motors Co. said recently that it would cease production of the Chevrolet Bolt this year, it
2023-07-25 23:28
Spotify Shares Tumble After Revenue, Outlook Come Up Light
Spotify Technology SA fell as much as 13% in New York trading after the audio streaming giant reported
2023-07-25 23:17