Tata Motors Posts Q1 Loss of $600mn

Tata Motors Posts Q1 Loss of $600mn

India's largest automobile manufacturer, Tata Motors Limited (TML), the owner of Jaguar Land Rover (JLR), announced its consolidated 1Q2022 earnings results ending June yesterday with a negative Profit Before Tax (PBT) of INR 25.8bn ($347.3mn). The loss came even as...

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Tesla’s Quarterly Profits Hit Record $1.1bn

Tesla’s Quarterly Profits Hit Record $1.1bn

Tesla reported net income of $1.14bn, compared to $104mn in the same period last year. Net profits surpassed $1bn for the first time. Revenues came in at $10.2bn, of which 3.5%, or $354mn came from sale of regulatory credits, the lowest number of credits than in any...

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LMIRT and Ascott Report Results

LMIRT and Ascott Report Results

Lippo Malls Indonesia Retail Trust (LMIRT) reported its Distribution per Unit (DPU) at S$0.09, lowered by 18% YoY in their Q2 release. Overall, distributable income stood at S$4.74mn ($3.5mn) vs. negative $11.3mn ($8.3) sum last year. Gross revenues jumped 81% to...

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The Week That Was

The Week That Was

US primary market issuances dropped to $20.9bn vs. $32.4bn in the week prior. IG issuances fell to $15.2bn vs. $24.7bn in the prior week and HY issuances were also lower to $5.4bn vs. $7.3bn in the prior week. The IG space was led by VMware’s $3bn dual-trancher,...

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Sri Lanka to Repay July Dollar Bond

Sri Lanka to Repay July Dollar Bond

The Sri Lankan government is committed to repaying its debt according to Ajith Nivard Cabraal, the state minister for money and capital markets. The minister told Bloomberg in a phone interview that the sovereign will be transferring funds for the maturing $1bn 6.25%...

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