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Volvo Cars sales up 31% in May

Sweden-based Volvo Cars on Monday posted a 31% rise in sales in May compared with a year earlier, selling 60,398 cars.

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UPDATE 2-Generali confirms targets as government bonds challenge Life business

Italy's Generali confirmed all its 2024 business plan targets on Thursday after first quarter profits rose on a strong non-life performance which more than offsetting weakness in the insurer's life business.

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ANALYSIS-Ford offers investors big bets but finds few takers

Ford Motor Co CEO Jim Farley has yet to convince investors the automaker’s next generation of electric vehicles can hit 2026 profit targets, but he is already worrying about the third generation of Ford EVs that will launch late in this decade.

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Factbox-Permian set for M&A frenzy as cash-rich producers seek reserve boost

Dealmaking is picking up in the Permian basin, the largest U.S. oil patch, as drillers look to quickly rebuild their depleting assets.

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Exxon says Guyana insurance dispute could cut revenue $350 million/month

Exxon Mobil Corp on Friday said an ongoing dispute with the government of Guyana over oil-spill insurance could halt production at its first offshore platform, cutting revenue by about $350 million per month.

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UPDATE 1-Colombia's Grupo Aval trims 2023 ROAE forecast after profit slump

Colombia's Grupo Aval expects return on average equity (ROAE) to be in the 10-10.5% range in 2023, an executive for the financial conglomerate said Thursday, down from the 11%-12% range it previously guided.

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UPDATE 1-Greece's Eurobank posts lower Q1 profit, strong interest income

Eurobank, Greece's largest lender by market value, on Wednesday reported lower net earnings in the first quarter of the year as a result of lower one-off items and strong net interest revenues.

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Brazil's Raizen profit soars to $503.7 mln

Brazilian energy company Raizen Energia SA said on Friday its adjusted net income jumped more than 10 times in the fourth quarter of the 2022/23 crop-year compared to the previous year.

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