After China's COVID lockdown drove down iron ore prices, Australia's three largest iron ore producers, BHP Group, Rio Tinto, and Fortescue, are expected to report a sharp decline in earnings, which will result in a reduction in their payouts to shareholders.   According to projections from...

Guillaume Faury, the CEO of Airbus, was unhappy with the company's aircraft deliveries in January and informed top managers that this year's total shouldn't fall short of the target set for last year, according to sources cited by Reuters. The figures dropped by roughly five times in January...

According to a CNBC report quoting industry insiders, the UK's semiconductor industry is pleading with the government for financial assistance and if it doesn't act soon, it could lose its microchip companies to the U.S. and other nations.   The government of Prime Minister Rishi Sunak...

The first-half earnings from a proposed casino duty hike in New South Wales could be impaired by up to A$1.6 billion ($1.11 billion), according to a warning from Australia's Star Entertainment Group on Monday. This news sent the company's shares tumbling 22% to a record low.   The warning...

The DBS Group, the largest bank by assets in Southeast Asia, reported a higher-than-anticipated 68% increase in quarterly profit as rising interest rates increased its net interest margins. The group also maintained its full-year forecast of mid-single-digit loan growth.   Due to rising...

BMW has achieved its 2022 goals with pre-tax profits that were much greater than the prior year. Focus Money magazine published this information referring to the chief financial officer of the firm. "We didn't need to change the forecast. If not, we wouldn't have been so at ease," Nicolas Peter,...

According to a five-year investment plan presented by management to the supervisory board on Friday, Volkswagen will accelerate its transition to electric vehicles and rethink its software strategy.   Without going into further detail, the statement said that executives talked about how to...

According to a report published by  the news agency Reuters, 90-95 employees were laid off last week by SoftBank Group Corp's chip technology business Arm Ltd's China joint venture in an effort of the company to deal with a problem of a bleak business outlook for 2023....

According to two sources, India's market regulator is looking into Adani Group's ties to some of the investors in the conglomerate's failed $2.5 billion share sale, as New Delhi grows concerned about allegations made by a U.S. short-seller against one of the country's top industrial groups.  ...