Year: 2024

Mercedes-Benz warned that 2024 underlying earnings would be slightly below last year’s levels on stable revenue expectations, adding the auto market faced an uncertain economic backdrop and possible “unexpected developments” from geopolitics and trade policy.

Glencore’s full-year adjusted earnings came in at $17.1 billion after coal prices retreated from the record highs that followed Russia’s invasion of Ukraine.

BAE Systems said it expected sales to rise 10-12% this year as governments ramp up spending on military equipment, faced with escalating geopolitical tensions.

Rio Tinto reported a 19% decline in annual net profit and cut its payout to shareholders following a drop in aluminum and copper prices.

Australian chemicals company Orica has agreed to buy U.S. sodium cyanide producer Cyanco from an affiliate of Cerberus Capital Management for $640 million.

The bank said first-quarter revenue grew by 1% when compared with the average of the prior two quarters.