Wednesday, 22 July 2020

German prosecutors search offices in Fiat, Iveco emissions probe

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German prosecutors search offices in Fiat, Iveco emissions probe

German prosecutors said on Wednesday they were searching offices at Fiat Chrysler and CNH Industrial as part of an international fraud investigation over emissions.

Nasdaq quarterly profit beats on record trading volumes

Transatlantic exchange operator Nasdaq Inc on Wednesday reported a better-than-expected quarterly profit as more people took to trading from home while under lockdown, with pandemic-driven market volatility also boosting volumes to record levels.

Biogen raises full-year profit view, quarter boosted by Tecfidera demand

Drugmaker Biogen Inc beat analysts' estimates for quarterly profit on Wednesday on better-than-expected sales of its multiple sclerosis treatment Tecfidera, and boosted its 2020 profit outlook.

Oil prices slip as U.S. inventories and virus fears grow

Oil prices fell on Wednesday as industry data showed a bigger than expected inventory build in the United States, where a surge in coronavirus cases could further dent fuel demand in the world's biggest oil consumer.

Futures retreat as Sino-U.S. relations sour

U.S. stock index futures fell on Wednesday as investors shunned risky assets after Washington ordered a shutdown of the Chinese consulate in Houston, escalating tensions between the world's two largest economies.

Twitter, reeling from hack, faces Wall Street pique on ad revenue

Twitter Inc , bruised by a hack last week that compromised the accounts of high-profile users, may have to account for a different embarrassment when it reports earnings to investors on Thursday: paltry ad revenue.

Exclusive: Novavax executives could get big payday even if vaccine fails

One of the leading U.S. firms developing a coronavirus vaccine, Novavax Inc , has awarded executives stock options that could pay out tens of millions of dollars even if its efforts fail.

Tesla hiring servicing staff in 'unsupportive' Singapore

Tesla Inc has advertised for servicing staff in Singapore, a country previously criticised by Chief Executive Elon Musk as unsupportive of electric vehicles.

How Tesla defined a new era for the global auto industry

Tesla Inc's rapid rise to become the world's most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how.

Green energy ratchets up power during coronavirus pandemic

Renewable power has taken up a record share of global electricity production since the onset of the coronavirus pandemic, according to a Reuters review of data, suggesting a transition away from polluting fossil fuels could be accelerated in the coming years.

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