SEOUL, July 20 Reuters Hyundai Motor Co and a union representing its South Korea workforce have sealed a wage deal that will boost annual pay by about 9 just days after the automaker committed to building its first new Korean car plant in nearly 30 years. The union, one of the biggest in South Korea with […]

Government to raise credit line to 8 bln euros document Bailout talks could produce a deal this week sources Uniper shares up 12 FRANKFURT, July 20 Reuters The German government plans to take a 30 stake in Uniper and will allow the utility to pass on some energy costs to customers as part of a bailout […]

BERLIN, July 20 Reuters Car parts supplier Continental reported a drop in sales in the second quarter to 9.4 billion euros 9.62 billion from 9.9 billion last year, with a margin of 4.4, in line with the company39;s earlier warnings of a subdued start to the year. In preliminary results released by Continental on Wednesday, the […]

July 19 Reuters Chinese authorities are preparing to impose a fine of more than 1 billion on ridehailing firm Didi Global , people familiar with the matter said on Tuesday, a move that could bring an end to a probe into the firm39;s cybersecurity practices. The people said the fine would be more than 8 […]

STOCKHOLM, July 20 Reuters Nordic telecom operator Telia reported on Wednesday quarterly core earnings that exceeded market expectations, helped by growth in its mobile business and a tight lid on costs. The company, which offers mobile connections, broadband and television services in Scandinavian countries and the Baltics, also repeated its 2022 forecast despite inflation boosting costs […]

SHANGHAI, July 19 Reuters Manolo Blahnik, the shoe brand made famous by its celebrity fans and regular appearances in TV drama Sex and the City, said on Tuesday it has won a legal battle in China to use its own name, paving the way for the brand39;s expansion across the country. The company, named after […]

July 19 Reuters Tesla Inc39;s secondquarter results on Wednesday are expected to show the strains of China39;s COVID19 lockdown and protracted startups of new factories. Investors want to know if the end of the year will be much better. Tesla has started layoffs, following through on a plan by Chief Executive Elon Musk, who said he […]

July 19 Reuters Swiss drugmaker Novartis said earnings at its generic drugs arm Sandoz would likely be flat this year rather than declining, adding that a strategic review over the unit39;s future was progressing as planned. In a statement on Tuesday, Novartis confirmed its group guidance for 2022 core operating income to grow in a midsingle […]

STOCKHOLM, July 19 Reuters Sweden39;s AB Volvo on Tuesday posted a biggerthanexpected rise in profit helped by strong demand for its trucks, but warned of continued supply chain issues. A global shortage of components such as semiconductors and a lack of freight capacity have pressured truck makers after markets began to recover from the pandemicinduced demand […]

ZURICH, July 18 Reuters GAM Holding expects to post a loss for the first half of 2022, the Swiss asset manager said on Monday, citing turbulent global markets and investor caution which reduced its assets under management. The company expects to report an underlying loss before tax of about 15 million Swiss francs 15.4 million compared […]