Renault Falls as Car Industry Malaise Eclipses Record Margin

-- Renault SA dropped the most in more than two years after partner Nissan Motor Co. and European peer Stellantis NV reported disappointing results, eclipsing record returns for the French carmaker in the first half of 2024.Renault shares tumbled as much as 9.9% and traded 8.4% lower as of 10:30 a.m. in Paris, slumping to a four-month low. Nissan, where Renault holds a stake, dropped 7.0% while Stellantis dropped 7.9%.Carmakers are contending with weakening demand, especially for electric cars.

The operating margin came in at 8.1%, beating the 7.9% projected by analysts. The French manufacturer confirmed its full-year guidance for operating profitability and free cash flow. Renault reported first-half group revenue of €27 billion , broadly in line with analyst estimates. Net income was €1.4 billion, but included a €440 million capital loss from selling Nissan shares.Female MMA champion takes out nightclub pest in one punch

BANGKOK — The United Nations' cultural agency recommended Thursday that Laos invite a monitoring mission to the historic city of Luang Prabang, a World Heritage Site where a nearby dam project on the Mekong River has raised concerns it could lose the coveted status.FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code 1.

Dublin, July 25, 2024 -- The "Green Mining: Global Market" report has been added to ResearchAndMarkets.com's offering.The scope of green mining encompasses various aspects of mining operations that prioritize environmental sustainability and minimize the impact on ecosystems. The global green mining market covers segments by mining type , technology and region

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