Porsche AG’s surging income failed to impress investors as concerns over headwinds in the final months of the year weighed on luxury-car maker’s shares. Operating profit jumped 41% to €5.05 billion in the first nine months from the same period last year, partly due to exchange-rate effects, the luxury-car maker said. But the company didn’t raise its full-year guidance, suggesting ...

Trading in the global foreign-exchange market jumped to an all-time high amid heightened volatility, according to the Bank for International Settlements (BIS). Average daily transactions in April increased to $7.5 trillion, up 14% from the same month in 2019, the BIS said in its triennial survey. That compares with a growth rate of 30% in 2019 and a contraction of ...

Maruti Suzuki India Ltd., India’s biggest carmaker, reported a higher-than-expected quarterly profit, aided by a weaker Japanese yen and easing of some supply chain constraints that boosted production recovery. Net income was 20.6 billion rupees ($250 million) for the three months ending September 30, the unit of Japan’s Suzuki Motor Corp. said in a statement to exchanges, compared with a ...