Shell, TotalEnergies profits slump as oil, gas prices cool after bumper 2022
(Reuters) – Shell (LON:SHEL) and TotalEnergies (EPA:TTEF) reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and…
AI lesson for Microsoft and Google: Spend money to make money
(Reuters) – Artificial intelligence is expected to pay off big for tech giants including Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) someday.…
XPeng and Volkswagen enter $700M strategic EV partnership and share agreement
Chinese electric vehicle maker, XPeng (NYSE:XPEV) announced alongside Volkswagen (ETR:VOWG_p) that the two automakers have entered into a strategic technical…
Santander Brasil weighs on group results as Q2 net profit falls 45%
(Reuters) -Brazilian lender Santander Brasil on Wednesday reported a 45% drop in second quarter net profit, dragging on the performance…
Evergrande electric vehicle 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…
Boeing boosts monthly 737 production to 38, posts upbeat earnings
(Reuters) -Boeing said on Wednesday it was ramping up production of its bestselling 737 MAX narrow-body jet to 38 per…
Coca-Cola raises revenue, profit forecasts on resilient demand, higher prices
(Reuters) -Coca-Cola Co raised its annual revenue and profit forecasts on Wednesday, betting on higher pricing and resilient demand for…
India stocks higher at close of trade; Nifty 50 up 0.50%
India stocks were higher after the close on Wednesday, as gains in the Capital Goods, Real Estate and Fast Moving…
US machinery makers eye bumper earnings for now, but inventory glut looms
(Reuters) – U.S. equipment makers are likely to face excess inventory early next year as demand from farmers and construction…
Puma sales beat estimates but U.S. market drags
(Reuters) – German sportswear brand Puma’s second-quarter sales grew by 11%, the company reported on Wednesday, slightly ahead of market…