Daimler third-quarter operating profit down 8% on weaker car and truck sales
Daimler on Thursday announced cost cuts as it reduced its revenue outlook for Mercedes-Benz trucks unit and reported an 8% drop in third-quarter operating profit....
Challenged by electric cars, Brembo aims to put the brakes on noise
Brembo’s distinctive colored brakes stop many of the world’s fastest cars but when it comes to the electric vehicles of the future it faces a...
Oil slips on profit-taking, weak demand outlook
Oil prices dipped on Thursday after sharp gains in the previous session following a surprise draw in U.S. crude inventories, with concerns over a weak...
Ghosn’s lawyers seek dismissal of charges, accuse prosecutors of misconduct
Carlos Ghosn’s lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor Co Ltd chairman, saying prosecutors colluded with...
Asian shares edge up as earnings, geopolitics sway sentiment
Asian shares pulled ahead on Thursday as corporate earnings and a ceasefire in northern Syria helped prop up sentiment, though the backdrop of trade and...
Ghosn’s lawyers accuse Japan officials, Nissan executives of collusion
Lawyers for former Nissan Motor Co chairman Carlos Ghosn submitted filings to the Tokyo District Court on Thursday seeking the dismissal of all charges against...
Oil pares U.S. stock-draw gains on weak demand outlook
Oil prices dipped on Thursday on lingering concerns about a weak demand outlook, after surging more than 2% in the previous session on the back...
Asian shares edge up; investors anxious over earnings, Brexit
Asian shares pulled ahead on Thursday with corporate earnings buffeting trading as investors remained anxious about the business impact of the Sino-U.S. trade war while...
U.S.-China trade reprieve makes no dent on recession chances: Reuters poll
The recent truce in the U.S.-China trade war is not an economic turning point and has done nothing to reduce a significant risk that the...
Microsoft forecasts cloud sales above expectations
Microsoft Corp on Wednesday forecast sales for its cloud computing services that topped analysts’ estimates, even as quarterly growth slows for its Azure business....