Category: Business

Continental (CONG.DE) reported better-than-expected sales of 9.4 billion euros ($9.63 billion) in the second quarter on Wednesday with an adjusted earnings margin of 4.4%, slightly above analysts’ expectations of 4.2%. The car parts supplier, which in May cut its earnings forecast to 4.7%-5.7% from 5.5-6.5%, confirmed the lower outlook in preliminary results ahead of its […]

The Czech government agreed on Wednesday to open talks with the United States on supplies of the F-35 Lightning II fighter jets made by Lockheed Martin Corp to replace leased Gripen fighters from Sweden’s Saab AB, Prime Minister Petr Fiala said. The NATO member country will also lead talks to buy fighting vehicles from a […]

Porsche may have to go public at a steep discount if it insists on going ahead as economic obstacles mount, two people involved in the landmark multi-billion-euro listing said. The prospect of a larger than customary discount would be a setback to the controlling families pushing the initial public offering to fund a costly makeover […]

Qatari telecommunications firm Ooredoo (ORDS.QA) is in talks to sell its Myanmar unit in what would mark the exit of the country’s last foreign telecoms operator, two people familiar with the matter told Reuters. The people said Doha-based Ooredoo has informed Myanmar’s Posts and Telecommunications Department (PTD), the country’s regulator, of its intention to sell […]

China Evergrande New Energy Vehicle Group Ltd (0708.HK) said on Wednesday it had received non-binding pre-orders for more than 37,000 units of its first model Hengchi 5. Pre-orders for the Hengchi 5 have far exceeded the company’s expectations, president Liu Yongzhuo said at an online event. The electric vehicle (EV) unit of Evergrande started to […]

Oilfield services provider Baker Hughes on Wednesday reported a bigger second-quarter loss, hit by a $365 million charge from its Russian operations and supply chain inflation, while adjusted profits also missed analysts’ forecasts. The company’s shares fell about 6% to $26.50 in premarket trading. They are up 17% since the beginning of the year. Oil […]

Alphabet Inc’s (GOOGL.O) Google was among the last remaining tech platforms yet to comply with Indonesia’s new licensing rules late on Wednesday, hours from a deadline to sign up and avoid having its services blocked in the country. Registration is required under rules released in late 2020 that would give authorities broad powers to compel […]