Oil steadies as Middle East war worries counter demand fears
(Reuters) – Oil benchmark Brent held above $88 on Wednesday as concerns about war escalating in the Middle East offset…
Honda, GM scrap plan to co-develop cheaper EVs
(Reuters) – Honda Motor and General Motors (NYSE:GM) are scrapping a plan to jointly develop affordable electric vehicles (EVs), the…
AirAsia parent plans to raise more than $1 billion in debt, equity – FT
(Reuters) – Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and…
Porsche confirms outlook but warns luxury not immune to economic woes
(Reuters) – Porsche AG reported nine-month results in line with its annual forecast on Wednesday but warned the luxury sector…
Uber Australia and BYD team up to boost EV adoption
Uber Australia (NYSE:UBER) has initiated a strategic partnership with Chinese automaker Build Your Dreams (SHE:002594) and EVDirect, BYD (SZ:002594)’s official…
Australian court finds Carnival misled about cruise’s COVID risks in landmark ruling
(Reuters) – Carnival Corp’s Australian unit has been ordered to pay the medical expenses of a woman who contracted COVID-19,…
Kokusai Electric shares jump 28% in Tokyo debut
(Reuters) – Kokusai Electric shares jumped 28% in their Tokyo market debut on Wednesday after private equity firm KKR sold…
Dulux owner Akzo sees core earnings towards low end of forecasts
(Reuters) – Dutch paints and coatings maker Akzo Nobel (OTC:AKZOY) has set out a plan to save costs and improve…
Evergrande did not file court documents by requested time -source
(Reuters) – China Evergrande (HK:3333) Group did not submit defence documents to a Hong Kong court before a deadline that…
Battery maker LG Energy Solution warns of slowing EV demand, shares tumble
(Reuters) – South Korean battery firm LG Energy Solution (LGES) warned on Wednesday of slowing revenue growth in 2024 due…