Wednesday, December 2, 2020

Tata Motors improves in second half of the year as it prepares for hard Brexit

  India’s Tata Motors Ltd TAMO.NS forecast a stronger second half on Tuesday as sales of its Jaguar Land Rover (JLR) vehicles improved in key markets even as it continued to grapple with the COVID-19 pandemic and uncertainties over a hard Brexit. The global health crisis has hammered sales for automakers worldwide and compounded problems for the […]

Rolls-Royce rescue plan steams ahead as shareholders back £2 billion rights issue

Shareholders in Britain’s Rolls-Royce RR.L approved the aero-engine maker’s 2 billion pound ($2.61 billion) rights issue on Tuesday that will bolster the company’s finances after the pandemic stopped planes flying. The approval of the capital raise boosts the group’s total liquidity by 5 billion pounds by unlocking extra debt options, including 2 billion pounds from a bond […]

Tesla reports record quarterly deliveries, but Model 3 arent htting targets

Tesla Inc TSLA.O on Friday said it delivered 139,300 vehicles in the third quarter, a quarterly record for the electric carmaker, but shares fell 4.8% in pre-market trading. The company slightly beat consensus estimates by Refinitiv for deliveries of 134,720 vehicles, but fell short of some of Wall Street’s most bullish forecasts, with analysts issuing a wide […]

$1 billion New Global Fund Aims To Aid Antibiotic Companies in Troubled Market

A new $1 billion fund backed by 20 drugmakers including Merck & Co Inc (MRK.N) and Pfizer Inc (PFE.N) is aiming to bolster struggling antibiotic companies and sustain a pipeline for new treatments, an industry group said on Thursday.(Reuters) Antibiotic makers have struggled with anemic investment and bankruptcies, even after the approval of new drugs, […]