Air Canada beats quarterly profit estimates, flags strong demand
(Reuters) – Air Canada reported a better than expected quarterly profit on Friday compared with a year-ago loss and sees…
Brazil’s helicopter market seen picking up in H2 after early 2023 slowdown
(Reuters) – Major helicopter manufacturers operating in Brazil expect a demand recovery in the second half of 2023 after a…
Shares of Ford and GM strained as UAW strike becomes more likely
Although there are not a lot of details surrounding the ongoing UAW negotiations, Citi believes the recent ups and downs…
‘Motivated by a greater sense of urgency,’ Deutsche Bank raises estimates on Nio ahead of 2Q release
Deutsche Bank reiterated a Buy rating on Nio Inc (NYSE:NIO) and raised their 12-month price target on the stock to…
US opens investigation into fatal Tesla crash in Virginia
(Reuters) – U.S. auto safety regulators said Thursday they are opening a special crash investigation into a fatal accident in…
European stocks fall on U.S. inflation uncertainty, China worries
(Reuters) -European stock indexes fell on Friday and Wall Street futures were flat, after data the previous session showed U.S.…
Gold set for worst week in seven on dollar, yields strength
(Reuters) – Gold prices on Friday were on track for their worst week in seven, hurt by an overall stronger…
Tesla selects Volex as licensed partner to build NACS
Volex, a specialist in critical power and data transmission, has been selected as an official licensed partner by Tesla (NASDAQ:TSLA)…
Olam Group expects agricultural unit’s Singapore-Saudi dual IPO by 2024 first half
(Reuters) – Singapore’s Olam Group said on Friday it is targeting the IPO of its agricultural unit by the first…
BYD calls on China automakers to unite, ‘demolish the old’ in global push
(Reuters) – A patriotic call by China’s bestselling automaker to band the industry together and “demolish the old legends” of…