business
BBVA’s Profit Suffers from Currency Hit Despite Strong Loan Growth
Net profit was down 3.7% even as gross income rose on growth in net interest income, and higher commissions and fees. Source link
Volkswagen Backs Guidance But Cautions on Chip Supply
The German automaker said Thursday that chip shortages haven’t yet had an impact on output at its German factories, but noted the situation is dynamic. Source link
Stellantis Maintains Guidance Despite Warning of One-Off Costs
The automaker cautioned that it expects to incur charges in the second half as it continues making changes to its strategic and product plan. Source link
YouTube TV Flexes Muscles Again in Showdown With Disney
The Google-owned pay-TV service has amassed considerable clout with its growing base of about 10 million subscribers. Its negotiations with Disney could test how much power it really holds. Source link
TotalEnergies Posts Jump in Profit
Net profit for the quarter rose to $3.68 billion, lifted by higher production and stronger refining profit. Source link
Carlsberg Beer Volumes Fall on Tough Consumer Sentiment
The brewer reported a 3% drop in organic volumes but maintained its full-year guidance. Source link
Shell Maintains $3.5 Billion Buyback as Earnings Rise
Adjusted earnings rose to $5.43 billion, boosted by improved trading performance and higher margins. Source link
Deutsche Lufthansa Sees Demand Stabilizing as Costs Eat Into Net Profit
Lufthansa said fourth quarter bookings to date pointed to more stable demand for all traffic regions including its North Atlantic and European routes. Source link
Hyundai Earnings Fall on U.S. Tariffs; Relief in Sight
Hyundai Motor posted weaker earnings in the third quarter, dented by U.S. tariffs, but some relief is on the horizon. Source link
Samsung Posts Solid Net Profit as Chip Business Rebounds Strongly
The world’s largest maker of memory chips and smartphones said its semiconductor earnings rebounded after four straight quarters of declines, signaling a comeback for the division. Source link