Equities in Taiwan hit a three-week high on Tuesday and shares in Malaysia, South Korea, and the Philippines also gained after an earnings-driven rally helped the S&P 500 notch up a fresh record high for a second straight session.
(RTTNews) - Ericsson (ERIC) said that it appointed Lars Sandstrom as its new Chief Financial Officer, Senior Vice President, and Head of Group Function Finance. He will replace Carl Mellander, whose departure Ericsson announced in April 2023. Sandstrom will join Ericsson on April
Ericsson on Tuesday reported a fall in fourth quarter operating profit but beat expectations as the telecom equipment supplier increased its margin in a market where demand for 5G equipment is growing slowly.
In a crowded field of competition, Rivian Automotive (NASDAQ: RIVN) has risen to become one of the more prominent names in the electric vehicle (EV) industry. The company's suite of SUVs and trucks fills a gap badly missing in the EV market and holds the potential to become the l
Consumer goods companies are likely to post stronger fourth-quarter sales growth in Europe than in the United States, monthly data indicates, boosted by persistently higher prices in countries like Britain, France and Germany even as Americans paid less.
Riyadh has spent billions to try to turn itself into a hub for electric vehicles and overcome obstacles including a lack of infrastructure, talent and raw materials, as it seeks to catch up in the global race to reap the profits of the new industry.
Legacy automakers playing catch-up with EV leaders like Tesla are leaning on their Formula E electric racing teams for innovations to build better mass-production EVs with greater range and efficiency, or a lower price tag.
Japanese shares surged to fresh 34-year highs as the Bank of Japan stood pat on ultra-loose monetary policy, while Chinese stocks struggled as speculation of a huge rescue package from Beijing underwhelmed investors worried about the shaky economy.
Gold prices rose on Tuesday, as the U.S. dollar edged lower while investors awaited interest rate decisions from a number of central banks and a slew of economic data in the United States this week.
Oil prices were little changed on Tuesday as traders weighed
a host of conflicting supply and demand worries, with rising
tensions in the Middle East and cold weather woes disrupting
production in the United States.
China will expand planting of genetically modified (GM) soybeans and corn, a government official said, as the world’s largest grains importer seeks to boost yields and improve food security.
(RTTNews) - West Fraser Timber Co. Ltd. (WFG, WFG.TO) will permanently close its sawmill in Fraser Lake, British Columbia, following an orderly wind-down. The decision is the result of the company's inability to access economically viable fibre in the region, the company said in
The yen fell broadly on Tuesday after the Bank of Japan (BOJ) maintained its ultra-loose monetary policy in a closely watched policy decision, matching market expectations.
Share of India's ICICI Bank were up around 3% on Tuesday after the country's second-biggest private lender reported a better-than-expected third-quarter profit, helped by robust loan growth.
Japan's Nikkei share average rose to a 34-year peak on Tuesday, buoyed by Wall Street's climb overnight to a fresh record high and the Bank of Japan's (BOJ) decision to keep ultra-easy policy settings intact.
(RTTNews) - Vroom Inc. (VRM), an e-commerce platform for buying and selling used vehicles, said that it will discontinue its ecommerce operations and wind down its used vehicle dealership business in order to preserve liquidity and enable the company to maximize stakeholder value
Shares of Indian broadcaster Zee Entertainment Enterprises plunged 10% in pre-open trade on Tuesday, a day after Japan's Sony Group scrapped a $10 billion merger with the company, raising concerns about its survival in an increasingly competitive industry.
(RTTNews) - Southwest Airlines Co. (LUV) said that its Pilots, represented by the Southwest Airlines Pilots Association, approved a new collective bargaining agreement.