Bloomberg Hyundai Motor Co increased its operating profit for the first time in six quarters, helped by strong demand for new sport utility vehicles (SUV) and decreasing incentive spending in the US. First-quarter operating profit climbed to 824.9 billion won ($718 million), compared with the average analyst estimate of 777.3 billion won. After defeating activist Elliott Management Corp in a ...

Bloomberg President Donald Trump is seriously considering waiving the requirement that only US flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to people familiar with the deliberations. The issue was debated during an Oval Office meeting, following requests from Puerto Rico and pressure from oil industry leaders to ease the ...

Bloomberg The UK government is borrowing less than at any time since turn of the millennium, fuelling pressure on Chancellor Philip Hammond to end austerity. The budget deficit in the fiscal year through March fell to 24.7 billion pounds ($32 billion), or 1.2 percent of gross domestic product, the Office for National Statistics said on Wednesday. That’s the least since ...