October 25, 2018

Daimler hit by Germany slump, CEO forecasts high fourth quarter demand

Daimler Chief Executive Dieter Zetsche on Thursday said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown […]
October 25, 2018

Daimler says is reviewing production footprint amid global tariffs

Daimler Chief Financial Officer Bodo Uebber on Thursday said the company is reviewing ways to counter tariffs between China and the United States that have caused […]
October 25, 2018

Bill Ackman’s Pershing Square buys Hilton stake

Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings, the fund said on Thursday. Powered […]
October 25, 2018

Cathay Pacific shares slide to nine-year low as data leak rattles investors

Shares of Cathay Pacific Airways Ltd slid nearly 7 percent to a nine-year low on Thursday after it said data of about 9.4 million passengers of […]
October 25, 2018

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

Hyundai Motor posted a 68 percent plunge in quarterly net profit, missing an analyst consensus by a large margin as U.S. recall costs weighed. Powered by […]
October 25, 2018

Chinese state-owned automaker FAW Group gets $144 billion credit line

China’s state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth over 1 trillion yuan ($144 billion), but did […]
October 25, 2018

Tesla shares jump as Musk delivers quarterly profit, cash

Tesla Inc reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter on Wednesday, delivering on Chief Executive Elon Musk’s promise to […]
October 25, 2018

Stocks crumble as global growth, U.S. earnings fears spook markets

Asian shares dived on Thursday as hundreds of billions of dollars hemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline […]
October 25, 2018

Cathay Pacific shares hit nine-year low after data leak affects 9.4 million passengers

Shares of Cathay Pacific Airways Ltd dropped more than 6 percent on Thursday to a nine-year low after it said data of about 9.4 million passengers […]
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