Eurasia

HDFC Bank Limited (NYSE:HDB) shares are trading lower on Friday. The bank’s shares recorded their sharpest monthly decline following report of flat sequential deposit performance for the quarter ended June, Bloomberg reported. The bank experienced a decrease in both advances and deposits...

Chinese electric vehicle maker BYD Company (OTC:BYDDY) is reportedly set to sign an agreement with Turkey to build a $1 billion manufacturing plant in the country’s west. The new plant will enhance BYD’s access to the European Union market, with which Turkey has a customs union...

Porsche (OTC:DRPRY) reportedly issued another recall for a series of high-end Taycan electric vehicles (EVs) in China due to problems related to brakes, marking the second such action in the last year. According to an announcement on China’s State Administration for Market Regulation (SAMR)...

Thailand’s consumer protection agency has reportedly received approximately 70 complaints following its investigation into the aggressive discounting practices of BYD Co., Ltd. (OTC:BYDDY) and its dealers, which has led some customers to believe they paid more than necessary for their Chinese...

On Friday, The Singing Machine Company, Inc. (NASDAQ:MICS) completed the acquisition of SemiCab, an artificial intelligence technology company in the global logistics space. The transaction was structured as an asset purchase/sale. At closing, Singing Machine will issue to SemiCab 641,806 shares of...

Shares of Smith & Nephew Plc (NYSE:SNN) are trading higher on Friday. Smith+Nephew offers a medical technology portfolio across orthopedics, sports medicine, ENT, and advanced wound management. In an SEC filing, Smith & Nephew reported that an activist investor, Cevian Capital, had taken a...

Geely Automobile Holdings Ltd (OTC:GELYY) is reportedly set to unveil its first premium electric vehicle (EV) to South Korea by 2026, marking an effort by Chinese carmakers to penetrate a market still dominated by Hyundai Motor Co. (OTC:HYMTF) and Kia Corp. Geely’s luxury EV brand, Zeekr...

On Wednesday, Ericsson (NASDAQ:ERIC) disclosed it would record a non-cash impairment charge of 11.4 billion Swedish krona ($1.1 billion) in the second quarter of 2024, which is in line with IFRS accounting standards. The company expects the charges due to lower expected market growth rates in...

Shell plc (NYSE:SHEL) shares are trading higher premarket today. The British energy company updated its operational outlook for the second quarter of FY24. The company expects to incur non-cash post tax impairments of $1.5 – $2 billion in the quarter, including $0.6 billion – $0.8...

Stellantis NV (NYSE:STLA) and CEA, a renowned research institution, have announced a five-year collaboration to design next-generation battery cells for electric vehicles (EVs). This joint research program aims to develop advanced battery cells with higher performance, longer lifespan, and lower...

Shares of semiconductor parts supplier ASML Holding N.V. (NASDAQ:ASML) are trading higher today. The company has been reportedly given the go-ahead for its expansion plans at its headquarters in Veldhoven, Netherlands, following a ruling by the country’s Council of State. The court dismissed...

Shell plc (NYSE:SHEL) temporarily suspended on-site construction at its 820,000 tonnes per year biofuels facility in Shell Energy and Chemicals Park Rotterdam, Netherlands. This decision aims to optimize project delivery and enhance future competitiveness in response to prevailing market conditions...

Four major Japanese property and casualty insurers are reportedly preparing to sell approximately 500 billion yen ($3.1 billion) worth of shares in Honda Motor Co. Ltd. (NYSE:HMC), signaling an accelerated trend of unwinding cross-shareholding practices. Tokio Marine Holdings, Sompo Holdings, and...

Anglo American (OTC:AAUKF) disclosed that its operations at its Grosvenor steelmaking coal mine in Queensland, Australia, were halted. The move came after an underground coal gas ignition incident occurred on June 29. The company says they implemented all emergency protocols and safely evacuated...

Airbus SE (OTC:EADSY) has signed a binding term sheet with Spirit AeroSystems Holdings Inc (NYSE:SPR) for a potential acquisition of key production activities, including A350 fuselage sections in Kinston, North Carolina, and St. Nazaire, France, as well as A220 components in Belfast, Northern...