October 25, 2018

Tesla third-quarter profit quiets critics, shares surge

Tesla Inc shares jumped 10 percent on Thursday as Wall Street analysts said the company had turned a corner with profitable third quarter results and might […]
October 25, 2018

PPG Industries backs CEO after shareholder Trian calls for his ouster

Paints and coatings maker PPG Industries said its board unanimously backed Michael McGarry as Chairman and CEO, in response to Nelson Peltz-owned Trian Fund Management’s call […]
October 25, 2018

AB InBev told Indian authorities about cartel, triggering anti-trust probe

An Indian anti-trust probe into beer price-fixing allegations was initiated after the world’s largest brewer Anheuser-Busch InBev told the authorities last year it had detected an […]
October 25, 2018

Oil prices recover after stock markets plunge

Oil prices stabilized on Thursday, bouncing back from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street’s biggest daily […]
October 25, 2018

Wall Street looks to break six-day slump, Europe halts rot

European and U.S. futures markets attempted a rebound on Thursday after Wall Street’s worst day since 2011 and heavy losses in Asia gave global stocks another […]
October 25, 2018

Hyundai Motor posts big profit miss on U.S. recalls; shares dive

Hyundai Motor Co’s third-quarter net profit plunged by a shocking two-thirds, hit by a $440 million one-off charge related to U.S. recalls and sending its shares […]
October 25, 2018

Europe attempts comeback after world stocks routed again

Europe attempted a rebound on Thursday, after Wall Street’s worst day since 2011 and heavy losses in Asia put global stocks on course for their worst […]
October 25, 2018

Jaguar launches Slovak plant, sees output hitting 100,000 by 2020

British carmaker Jaguar Land Rover (JLR) expects to hit annual production of 100,000 cars at its plant in Slovakia by 2020, the chief executive of the […]
October 25, 2018

One trillion yuan: China state carmaker FAW gains huge credit line

China’s state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth more than 1 trillion yuan ($144 billion), an […]
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