General Motors Co’s July to September vehicle sales in China fell 17.5%, as the United States (US) automaker was hurt by a slowing economy amid the Sino-US trade war and by heightened competition in its key mid-priced SUV segment.
The company, which had earlier flagged an “extremely difficult” start to the year, reported a pretax loss of $28.27 million.
While United States (US) sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations show.
Trade union, Solidarity, says it is considering bringing an application to place South African Airways (SAA) under business rescue.
HP Inc said on Thursday Chief Executive Officer (CEO), Dion Weisler, is stepping down after nearly four years in the role and forecast fourth quarter profit below Wall Street estimates, sending its shares down 6% in late trade.