Browsing Tag

#Frankfurt

Mercedes Profit Plunges on Weaker Sales

AFP/APP Frankfurt: German luxury carmaker Mercedes-Benz on Friday reported a sharp drop in second-quarter net profit on weaker sales of electric vehicles and cooling demand in key market China. Net profit fell by 15.9 percent compared…

Wall Street Stocks End at Fresh Records

AFP/APP New York: Wall Street stocks rallied to fresh records Monday behind enthusiasm over artificial intelligence, while European markets bounced despite political uncertainty in France. Both the tech-rich Nasdaq and the broad-based…

Stocks Fall After US Fed Rate Cut Plans

AFP/APP London: Stock markets mostly retreated on Thursday as traders reacted to political uncertainty in Europe and the US Federal Reserve's plan to only cut interest rates once this year. European stocks closed firmly in the red,…