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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.
Typhoon Gaemi was churning toward mainland China on Thursday afternoon as rescue personnel searched for nine sailors who went missing when a cargo ship sank in bad weather near Taiwan.
Tesla shares plummeted the most since 2020 after the electric vehicle maker reported weaker-than-expected quarterly earnings and another drop in automotive revenue.
SEOUL -- SK Hynix reported an operating profit for the second quarter, compared to a loss in the same period a year ago, as the chipmaker benefited from strong demand for artificial intelligence memory chips.
A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm's quality control mechanism, the company said on Wednesday.