Australia stocks lower at close of trade; S&P/ASX 200 down 0.92%
Australia stocks were lower after the close on Tuesday, as losses in the A-REITs, Telecoms Services and Energy sectors led shares lower. At the close…
Alan Joyce to step aside after 15 years as Qantas CEO
(Reuters) – Australia’s flagship carrier, Qantas Airways Ltd, said on Tuesday that long-serving CEO Alan Joyce would step aside in…
BP profit rises to $5 billion as share buyback slows
(Reuters) – BP made a $5 billion profit in the first quarter of 2023, up from the previous three months…
US government may delay decision on electric vehicles biofuel program
(Reuters) – The U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable…
Logitech upgraded as Morgan Stanley’s sell thesis has run its course
Logitech (NASDAQ:LOGI) was lifted to Equal-Weight from Underweight, with the price target raised to $56 from $40 by Morgan Stanley…
Lordstown’s funding in crisis as investor Foxconn alleges agreement breach
(Reuters) -Major shareholder Foxconn is alleging that Lordstown Motors had breached their $170 million investment deal, the EV maker said…
Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand
(Reuters) -Norwegian Cruise Line Holdings Ltd raised its annual profit forecast and sailed past first-quarter estimates on Monday, betting on…
Ford’s Kentucky Truck Plant road-tests a new quality strategy
(Reuters) – Shutting down the assembly lines that build Super Duty pickup trucks at Ford Motor (NYSE:F) Co’s Kentucky Truck…
1211: China’s EV Giant BYD Charges Ahead with 400% Profit Increase
The world’s top selling EV maker is speeding through price wars, leaving Tesla in the dust. Elon who? Tesla rival…
Morgan Stanley upgrades General Motors, sees attractive risk reward
Morgan Stanley analysts upgraded General Motors (NYSE:GM) shares to Overweight from Equal Weight with the price target also raised ($38…