Category: Business

Stellantis (STLA.MI) will produce Fiat Scudo light commercial vehicles in Russia and export them to other markets, the global carmaker said. Stellantis owns a 70% stake in a car plant in the Russian city of Kaluga where it plans to produce the vehicle. Mitsubishi (8058.T) owns the remaining 30% stake. Fiat Scudo production in Russia […]

Germany’s BASF (BASFn.DE) said on Wednesday it has been chosen as the exclusive partner to develop high-performing lithium-ion batteries for electric vehicles with Cellforce Group, a joint venture between Porsche (VOWG_p.DE) and Customcells. As part of the collaboration, BASF will provide materials for high-performance battery cells for fast charging and high energy density. Cellforce Group […]

British public borrowing last month was almost a fifth lower than a year earlier, when the economy was feeling the full force of the coronavirus pandemic, but rising inflation put upward pressure on debt costs. Public sector net borrowing, excluding public sector banks, fell to 22.8 billion pounds ($31.0 billion) in June, still the second-highest […]

A look at the day ahead from Karin Strohecker Markets are still trying to find their feet after Monday’s bruising selloff and now the focus is shifting to Thursday’s ECB meeting in a week that’s seen little data but lots of action. Global and U.S. stocks have managed to recoup a fair chunk of the […]

Japan’s factory output likely rebounded in June from the prior month’s drop, while retail sales growth was expected to slow as new coronavirus infections dampened consumer confidence. The mixed data forecast comes as Tokyo prepares to host the 2020 Olympic Games opening ceremony on Friday amid widespread doubt among the public about the ability of […]

Netflix Inc (NFLX.O) said it would make a deeper dive into video games as the movie and TV streaming service projected weak subscriber growth amid growing competition and the lifting of pandemic restrictions that had kept people at home. The company’s shares hovered about even at $531.10 in after-hours trading on Tuesday. Netflix is weathering […]

Australian retail sales slumped in June as coronavirus lockdowns and mobility restrictions in much of the country hit demand, casting a shadow over the outlook for growth in the third quarter as COVID-19 cases continue to rise. Retail turnover in June fell 1.8% from a month earlier, the biggest drop this year, preliminary figures from […]