Eurasia

Chinese EV Brand Zeekr Eyes European Manufacturing To Avoid EU Tariffs: Report
Segmental Struggles at Wipro: IT Services Revenue Decline Weighs on Stock
FDA Approves Tobacco-Flavored Vuse Alto E-Cigarettes: Details
Segmental Struggles at Wipro: IT Services Revenue Decline Weighs on Stock
FDA Approves Tobacco-Flavored Vuse Alto E-Cigarettes: Details
Infosys Reports Strong Q1 Earnings, Records Highest Free Cash Flow Ever
Honda Motor Prices Secondary Shares At Discount In $3.16B Sale

Eurasia Recent News

Australia's Ngarluma Country Shines Bright: Solar Project Aims to Slash Rio Tinto's CO2 Footprint
Rio Tinto and Ngarluma Aboriginal Corporation will jointly develop an 80MW solar farm in Western Australia to reduce emissions and create economic opportunities.
Airbus Launches 'LEAD!' Initiative, Reportedly Aims To Strengthen Aircraft Manufacturing Ahead Of Boeing's Recovery
Airbus launches "LEAD!" initiative with cost-cutting and hiring freeze to enhance aircraft manufacturing amid industry challenges and Boeing's recovery outlook.
Ericsson Gains Premarket After Q2 Print, What's Going On?
Ericsson reported Q2 fiscal 2024 results with sales of 59.8 billion Swedish Krona, beating analyst estimates. Adjusted gross margin improved, but EPS missed expectations.
Intel Invests In Israeli AI Construction Startup Buildots - What's On The Cards?
Buildots, an Israeli AI construction software firm, announced a $15 million investment led by Intel Inc's Intel Capital, with participation from OG Tech Partners and previous investors.
BHP To Temporarily Shut Down Western Australia Nickel Operations: Details
BHP Group (NYSE: BHP) will suspend Nickel West operations and West Musgrave project in Western Australia from Oct 2024 due to oversupply in global nickel market. The review to restart will be in Feb 2027.
EV Maker VinFast Eyes $250M Funding For New Assembly Plant In Indonesia: Report
VinFast Auto, a Vietnamese EV maker, reportedly seeks a $250 million bank loan to build a new assembly plant in Subang, Indonesia. The company, backed by Vietnam's richest individual, Pham Nhat Vuong, aims to expand its regional footprint and compete in the global EV market.
Why Toyota Motor Shares Are Gaining Today
Toyota Motor joins IONNA to bolster its BEV charging network across North America, enhancing accessibility for Toyota and Lexus customers.
Manchester United Faces Tough Q3: Sales Plunge 19.6%, Matchday Revenue Crashes 40.7%
Manchester United reported a 19.6% drop in Q3 FY24 sales, surpassing the consensus estimate of $162.92 million. Broadcasting revenue fell 26%, while commercial revenue edged up 0.3%.
What's Going On With NIO Stock Today?
NIO introduced the inaugural model of its sub-brand Onvo (Ledao in China), the L60, on May 15 without revealing the details regarding the battery. However, specifics regarding the model's battery pack have emerged in a regulatory filing.
Why GoPro Shares Are Gaining Today
GoPro's partnership with SB C&S in Japan expands market reach and enhances retail presence, driving GPRO shares higher on Tuesday.
What's Going On With Addiction And Mental Illnesses-Focused Indivior Stock On Tuesday?
Indivior lowers its profit forecast for 2024, discontinues sales of its schizophrenia drug Perseris, and announces job cuts, causing shares to plummet nearly 38%. The company updates its financial guidance and settles litigation for $85 million.
KKR to Trim Stake in Soaring Kokusai Electric, Cashing in on Chip Boom: Report
KKR reportedly plans to reduce its stake in Kokusai Electric, taking advantage of its strong performance. KKR previously attempted to sell Kokusai to a US chip competitor.
Honda Restructures in Thailand: Ayutthaya Factory Reportedly Shifts Focus Amid EV Competition
Honda reportedly plans to stop vehicle production in Thailand by 2025, consolidate at another plant due to competition and demand for EVs.
Stellantis Rides The Hybrid Wave: 30 Models To Electrify Europe By Year-End
Stellantis is rapidly expanding its hybrid vehicle lineup in Europe, aiming to offer 30 models this year and six more by 2026. With advanced eDCT technology, Stellantis hybrids enhance driving efficiency and cut CO2 emissions, contributing to its goal of becoming carbon net zero by 2038.
BP Stumbles: Weak Oil Trading, Refining Margins Drag Down Q2 Outlook
BP disclosed weak oil trading results for Q2, with favorable impacts in Upstream production and operations but adverse impacts in gas and low-carbon energy.
Samsung Workers Walk Out, Demand Pay Raise and Leave: Report
Samsung employees strike for better pay and benefits; company says production unaffected. Union demands for higher pay and more leave.
What's Going On With HDFC Bank Shares Today?
HDFC Bank shares tumble sharply amid concerns over flat deposit growth, potential loan portfolio sale, and regulatory scrutiny.
Tesla's Top Rival BYD Clinches $1B EV Manufacturing Plant Agreement With Turkey
Chinese EV maker BYD is set to sign a $1 billion deal with Turkey for a manufacturing plant in Manisa province. President Recep Tayyip Erdogan will announce the agreement on Monday. The new facility aims to enhance BYD's access to the EU market.
Porsche's Brake Issue Alert - Reportedly Recalls 17,278 Taycan EVs in China
Porsche reportedly recalls 17,278 Taycan EVs in China over brake issues, second major recall in a year, risking safety concerns.
BYD Faces Scrutiny In Thailand Over Pricing Issues: Report
BYD reportedly faces scrutiny in Thailand over pricing issues. In another development, Denza, the premium brand of BYD, has reportedly unveiled interior details of the Z9GT, a new model that is expected to go on sale at the end of the year.
Why Is Karaoke Products Maker Singing Machine's Stock Gaining Today?
Singing Machine completes acquisition of SemiCab, integrating AI logistics tech and expanding with Indian subsidiary purchase.
Activist Investor Takes Stake In Sports Medicine Player Smith & Nephew, Shares Surge
Smith & Nephew shares rise as Cevian Capital acquires a 5% stake, aiming to improve operational performance. The medical tech firm faces challenges with declining market cap and mixed revenue growth.
China's Geely Targets South Korea For Premium EV Debut By 2026: Report
Geely Automobile reportedly plans to introduce its first premium electric vehicle (EV) in South Korea by 2026, targeting a market led by Hyundai and Kia Corp. Geely's Zeekr will open showrooms in Seoul and Gyeonggi province next year, with deliveries starting in early 2026.