Morgan Stanley’s profit rose in the first quarter, lifted by a resurgence in investment banking led by equity underwriting where revenue more than doubled.
Shipping giant CMA CGM’s air cargo branch will take delivery of two Boeing 777 Freighters later this year as it opens a new trans-Pacific route and has ordered a fifth one for next year, it said on Tuesday.
PNC Financial Services reported a 21% fall in first-quarter profit on Tuesday, hurt by lower interest income as the lender paid more to hold customer deposits in a high interest rate environment.
UnitedHealth Group expects to take a hit of as much as $1.6 billion this year from disruptions caused by the February cyberattack at its Change Healthcare unit.
Japan’s Nissan Motor will begin to produce solid-state batteries for electric vehicles at scale by early 2029 and use huge casting machines as it seeks to raise efficiency and drive down costs on future models, the automaker said on Tuesday.
The European Union is set to fine Oreo maker Mondelez International for blocking cross-border sales, the Financial Times reported on Tuesday, citing people familiar with the matter.
The danger of a global recession has largely been averted but growth will be meagre, German government sources said, referring to International Monetary Fund forecasts that will be published later on Tuesday.
Bank of New York Mellon beat Wall Street expectations on Tuesday with a 5% increase in profits, as rising asset values boosted investment services fees, more than offsetting lower interest income for the world’s largest custodian bank.
China’s economy grew faster than expected in the first quarter, data showed on Tuesday, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the property sector and mounting local government debt.
