Focus on Economy
Brazil inflation picks up in mid-October with higher electricity costs
Inflation in Brazil rose due to higher electricity costs, driving up consumer prices in Latin America's largest economy.
Valero Energy quarterly profit plunges on weak refining margins
Valero Energy's profit slumped 86 per cent on lower refining margins, but beat expectations with $1.14/share vs. analysts' 98 cents estimate.
Anglo American copper, diamond output down in Q3, 2024 guidance unchanged
Anglo American reported a Q3 drop in copper and diamond production but maintained 2024 guidance amid restructuring efforts.
European leaders meet to re-energise offshore wind power
North Sea nations meet in Denmark to boost offshore wind power, aiming for 20,000 turbines by 2050 amid China’s dominance.
Hyundai Motor’s Q3 operating profit falls 7% from a year earlier
Hyundai warns of slowing demand, posts seven per cent drop in Q3 profit, but maintains 2024 earnings target; shares fall five per cent...
Renault beats Q3 forecasts as new launches lift sales
Renault posted a surprise Q3 revenue rise, driven by demand for new hybrids, despite declining sales volumes amid a tough market.
Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown
Dassault Systemes cuts 2024 revenue growth forecast again, citing automotive slowdown, amid competitive pressure from rivals.
US lawmakers pressure automaker Stellantis on investment commitments
The union and the Jeep-maker have been in a bitter battle after Stellantis said it would delay a planned investment to reopen an...
Tesla expects slight growth in 2024 vehicle deliveries, shares jump
Tesla's Q3 profit margin beat estimates at 19.8%, driven by demand incentives, despite revenue missing expectations.
US automakers urged to innovate despite tariffs on Chinese rivals
U.S. auto leaders warn against complacency as Chinese rivals outpace in EV tech, despite short-term tariff relief.
