Stellantis reported a preliminary €2.3 billion (US$2.7 billion or RM11.4 billion) first-half loss as it faces the dual challenge of revamping its product ranges in Europe and the United States while also dealing with the impact of President Donald Trump's tariffs on imports of vehicles and auto parts.
Treasuries extended gains, tracking a jump in European government bonds, as the looming deadline on US tariffs fanned demand for haven assets.
Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street's closing record high ahead of a slate of corporate earnings while investors took stock of tariff negotiations between the US and its trading partners.
Tropical Storm Wipha has crossed Vietnam’s northern coast near the port city of Haiphong, bringing strong winds and heavy rain that could lead to flash flooding.
ONCE a pandemic darling, rubber glove makers are now facing growing uncertainties with a confluence of negatives amid a persistent oversupply that doesn't seem to be going away.
The recent decline in natural rubber prices, typically seen as a positive signal for the tyre industry due to reduced input costs, has not brought the expected improvement in profitability.