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Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year.
SEOUL -- Hyundai Motor said on Thursday that its operating profit increased 0.7% in the second quarter to 4.3 trillion won ($3.1 billion) from the same period last year as strong hybrid sales offset falling demand for electric vehicles.
SINGAPORE -- Regional ride-hailing giant Grab has withdrawn its plan to acquire Singaporean taxi operator Trans-cab, the city-state's competition watchdog announced Thursday, after authorities raised concerns that the merger would reduce competition in the local market.
MANILA, Philippines (AP) — A Philippine oil tanker sank in Manila Bay early Thursday after encountering huge waves, and the coast guard was working to determine whether the vessel was leaking oil — in what could be a major spill — after it rescued 16 of 17 crew members in a nighttime operation, officials said.
The ministry has already informed local officials of the plan to set up the facilities on Minamitori Island, Japan’s easternmost island, around 1,900km (1,200 miles) southeast of Tokyo, and start its operation in the 2026 financial year or later, the official said.
Auto giant Stellantis on Thursday reported a steep drop in first-half net profit, citing reduced volumes, temporary production gaps and lower market share in North America.
Five of China's major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week's surprise lowering of lending benchmarks to bolster stuttering economic growth.
From a nondescript seventh-floor office at 135 Bonham Strand near Hong Kong’s financial district, at least four companies are operating with a shadowy mission: facilitating the illicit trade of Western technology to Russia.