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Daimler, the German company, which manufactures cars, reported the departure of Dieter Zetsche from the post of chief executive after the annual shareholders meeting scheduled for May 22, 2019. The Supervisory Board took such a decision because of the difficulties associated with the transformation of the automotive industry. The new CEO will be Ola Källenius, 49, responsible for research and development. Zetsche's candidature will be presented to shareholders for approval as chairman of the Daimler Supervisory Board in 2021. These reports led to the fact that Daimler shares fell 1.4%.
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
The second quarter had seen South Korea slipping into recession. This came to be the country’s sharpest economic downturn in more than two decades as the novel coronavirus crisis weighed on exports and social distancing measures halted ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
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