China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc and BYD.
KKR & Co Inc said on Monday its after-tax distributable earnings fell 26% year-on-year in the first quarter due to a sharp drop in asset sales from its private equity portfolio and lower transaction fees.
Volkswagen will announce later on Monday the removal of the current leadership at its software unit Cariad, to be taken over by Bentley production chief Peter Bosch, two sources close to the company said on Monday.
Tyson Foods Inc on Monday posted a surprise second-quarter loss and cut its full-year revenue forecast on falling beef and pork prices, sending the U.S. meat packer’s shares tumbling 9% before the bell.
Itau Unibanco Holding SA , Brazil’s biggest private bank, reported first-quarter recurring net profit of 8.435 billion reais ($1.7 billion) on Monday, a 14.6% year-on-year rise despite higher provisions for bad loans.
Shares of U.S. regional banks gained sharply in premarket trading on Monday, as investors tiptoe back into the sector after the failure of First Republic Bank last week triggered another round of widespread sell-off.
Shares of crypto currency- and blockchain-related companies fell in premarket trading on Monday after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees.
Standard Chartered Chief Executive Bill Winters said on Monday he sees a big recession in the United States as unlikely, although a period of negative growth was possible.
President Joe Biden and top Republicans and Democrats from Congress are set to sit down this week to try to resolve a three-month standoff over the $31.4 trillion U.S. debt ceiling and avoid a crippling default before the end of May.
Argentina, known better for its Malbec than its mining, has its sights set on becoming a top ten copper producer by 2030, with an investor friendly stance luring global players like Glencore and Lundin Mining to its mountainous north.
