Tag: Business
With US vehicle prices averaging near $50K, General Motors sees 2nd-quarter profits rise 15%
DETROIT -- U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that...
UPS boosts volume in US for first time since 2022, but profit and revenue slide
UPS boosted its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short...
China's Baosteel to buy out Nippon Steel's 50% stake in auto steel venture
BANGKOK -- China’s Baosteel said Tuesday that it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242...
India's Modi focuses on jobs creation in first budget after winning polls
NEW DELHI -- Indian Prime Minister Narendra Modi’s newly formed government presented an annual budget to Parliament that raises spending to generate more...
Stock market today: Asian shares are mixed after Wall Street breaks losing streak
BANGKOK -- Shares were mixed Tuesday in Asia after U.S. stocks closed broadly higher, as Big Tech stocks took back some of their...
South Korean tech giant Kakao's founder arrested in stock price manipulation case
SEOUL, South Korea -- South Korean prosecutors said Tuesday they have arrested the founder of technology giant Kakao Corp. for alleged stock price...