More stories

  • Biden Hails Latest Inflation Data as Powell Warns of ‘Some Pain’ By Bloomberg
    in

    Traton sells some assets in Russia, incurs 550 million euro loss By Reuters

    © Reuters. FILE PHOTO: A flag of Volkswagen’s truck unit Traton SE is pictured at Frankfurt Stock Exchange during Traton’s initial public offering (IPO) in Frankfurt, Germany, June 28, 2019. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Volkswagen (ETR:)’s truck division Traton on Tuesday said some of its divisions were disposing assets in Russia, a move that […] More

  • GameStop partners with crypto marketplace FTX, posts smaller-than-expected loss By Reuters
    in

    GameStop partners with crypto marketplace FTX, posts smaller-than-expected loss By Reuters

    © Reuters. A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2022. REUTERS/Brendan McDermid By Eva Mathews (Reuters) -GameStop Corp on Wednesday reported a smaller-than-expected quarterly loss and a partnership with FTX US to increase its presence […] More

  • China Evergrande bondholders push own plan for debt restructuring
    in

    Returned to profit in July, expects loss for the year By Reuters

    © Reuters. The logo of VTB bank is seen behind plants at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim Shemetov/File Photo VLADIVOSTOK, Russia (Reuters) – The head of Russia’s No. 2 lender VTB said on Tuesday the bank returned to profit in July after record-making losses in […] More

  • Polestar HY Operating Loss Widens Despite Revenue Surge
    in

    Polestar HY Operating Loss Widens Despite Revenue Surge By Investing.com

    © Reuters By Scott Kanowsky  Investing.com — Shares in Polestar Automotive Holding (NASDAQ:) fell by more than 4% in pre-market U.S. trading on Thursday after the premium Swedish electric vehicle maker reported a bigger first-half loss despite sales nearly doubling. The firm, a spin-off of Volvo Car Group (ST:), saw its operating loss increase by $520.5M during […] More