Hyundai posts 7.8% profit growth in 2024 despite sales dip
Investing.com — Hyundai Motor Company (OTC:HYMLF) reported a net profit of KRW 13.23 trillion in 2024, representing a 7.8% increase compared to the previous year This growth in net profit came despite a 1.8% drop in global vehicle sales, which totaled
Commerzbank says UniCredit’s approach is hostile and unilateral
By Ludwig Burger and Valentina Za FRANKFURT (Reuters) -Commerzbank on Wednesday defined UniCredit’s approach for a potential tie-up as “hostile”, and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CEO
Japan’s Nidec posts higher third-quarter operating profit
TOKYO (Reuters) -Japanese electric motor maker Nidec posted a 5% rise in third-quarter operating profit on Thursday as the company said it benefited from strong demand for data centre power generators and battery energy storage systems. Operating profit for the three
China maintains stance on tariffs, says they benefit no one
Investing.com — China’s viewpoint on tariffs remains unchanged, according to He Yadong, a spokesperson from the Ministry of Commerce. During a briefing, he stated that tariffs would not be beneficial to anyone, including the United States. The commerce ministry has
Exclusive-Putin growing concerned by Russia’s economy, as Trump mulls more sanctions
By Darya Korsunskaya, Guy Faulconbridge and Gleb Stolyarov MOSCOW (Reuters) – President Vladimir Putin has grown increasingly concerned about distortions in Russia’s wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict, five sources with knowledge of