International Companies
Stellantis plunges on R427-billion bill for EV pullback
This after company scales back on its electric-vehicle ambitions
By Reuters
Toyota boss Sato to step down, to be replaced by finance head Kenta Kon
Toyota CEO Koji Sato will step down after only three years at the helm of the world’s largest automaker, the company said on Friday, to be replaced by CFO Kenta Kon.
By Reuters
International business briefs: Moody’s cuts Indonesia’s outlook to negative
In other business briefs, Saab’s fourth-quarter earnings exceed forecasts while Maersk’s and BT’s are as expected, Barrick names Mark Hill as CEO, and more
BNP profit beats forecast despite weak investment banking results
BNP Paribas announces further cost cuts after strong fourth-quarter profit
By Reuters
Sony raises outlook after record quarterly profit
Full-year outlook is driven by image sensor and music division gains, and a weak yen
By Reuters
Alphabet wants to eat OpenAI’s lunch
Google parent turns investors’ heads with strong AI growth
By Reuters
Ozempic sales in China fall for first time as rivals crowd market
Growing competition dents Ozempic growth in Novo’s second-largest market
By Andrew Silver and Reuters
ArcelorMittal tops core profit view, EU steel measures to boost profitability
The world’s second-largest steelmaker reports fourth-quarter core profit above market forecasts
By Reuters
Washington Post begins widespread jobs cuts
The newspaper, owned by Jeff Bezos, says it is taking ‘difficult but decisive actions’ as losses mount
International business briefs: Shell CEO Wael Sawan in line for £4.5m incentive award
Tariffs weigh on Stanley Black & Decker while eurozone economy stalls on slow demand
By Agency Staff
Anthropic’s new legal AI model triggers dumping of software stocks
Company’s latest product is a fresh reminder of technology's potential to disrupt
By Reuters
IT services firm forecasts stronger 2026 as AI demand accelerates
Cognizant shares gain after strong forecast and quarterly earnings beat
By Reuters
Eli Lilly beats estimates and forecasts strong 2026 as obesity drug demand surges
Lilly shares jump after strong results and above-estimate profit and revenue forecast
By Reuters
Walmart hits $1-trillion in market value
Milestone comes two weeks after Walmart replaced AstraZeneca in the tech-focused Nasdaq-100 Index
JPMorgan set to launch index for frontier market local currency bonds, sources say
Dollar slump fuels demand for more diversified higher-yielding debt
By Reuters
