Asia FX bears retreat after less aggressive start to Trump’s tariff plans- Reuters poll
By Adwitiya Srivastava and Himanshi Akhand (Reuters) – Investors scaled back bearish bets on most Asian currencies after U.S. President Donald Trump’s inaugural policies suggested he would negotiate rather than immediately impose hefty tariffs on trading partners, a Reuters poll showed
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
Hyundai Motor Q4 profit falls 17% as discounts weigh
SEOUL (Reuters) -South Korea’s Hyundai Motor (OTC:HYMTF) reported on Thursday a 17% fall in fourth-quarter operating profit, declining more than analysts estimated, as it spent more on promotions in a slowing car market. Hyundai, which together with affiliate Kia is the