Mercedes-Benz shares fall nearly 6% as profit falls; CFO bemoans ‘brutal’ EV pricing
The German carmaker said it had faced intense price competition, particularly in electric vehicles.
Standard Chartered shares slide 12% as China losses hit earnings
Standard Chartered CFO Andy Halford said the bank was going to stick with China despite the country’s economic woes.
Jeep, Dodge maker Stellantis to invest $1.6 billion in Chinese EV startup Leapmotor
Stellantis is looking to boost its presence in China where it is a small player, while Leapmotor has ambitions to expand aggressively into Europe.
U.S. and China commercial property markets face headwinds but UOB is optimistic on Southeast Asia
Lee Wai Fai said the world is heading into a more “uncertain environment” and the impact of higher-for-longer interest rates is starting to filter through.
Refusing to fly cost him his job. Here’s why this ‘slow traveler’ says it was a price worth paying
Gianluca Grimalda, a self-styled “slow traveler,” said he would make the same decision again in a heartbeat.
BNP Paribas posts in-line Q3 profits as trading declines
BNP Paribas posted in-line quarterly results on Thursday, as a jump in corporate financing services offset the continued retreat in trading revenue.
Mercedes-Benz third-quarter earnings take a hit on subdued sales, supply chain snags
Mercedes-Benz said it expects the adjusted return on sales of its cars division for the full year to hit the lower end of its 12-14% forecast.
CNBC Daily Open: Meta outperformance
Artificial intelligence is helping Meta top its rivals in targeting customers on its various online platforms, improving ad effectiveness.
With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
Using data provided by research firm Statista, CNBC analyzed the top nations overall when it comes to financial technology.
Meet the ‘queen of caviar’ who supplies Britain’s royal family with the world’s most expensive food
Laura King has run a caviar business for nearly 20 years and imports hundreds of kilos of the sturgeons’ eggs to the U.K. every two to three weeks.
