NEW YORK, Aug 15 (Reuters) - Stellantis ( STLA ) has been sued by shareholders in the United States who said the European-American automaker defrauded them by concealing rising inventories and other weakness, before posting disappointing earnings that caused its stock price to fall. The complaint filed on Thursday in Manhattan federal court said Stellantis ( STLA ) artificially inflated...

NEW YORK (Reuters) -Stellantis has been sued by shareholders in the United States who said the European-American automaker defrauded them by concealing rising inventories and other weakness, before posting disappointing earnings that caused its stock price to fall. The complaint filed on Thursday in Manhattan federal court said Stellantis artificially inflated its stock price for much of 2024 by making...

(Reuters) -National Australia Bank posted an 8% drop in its third-quarter cash earnings on Friday, pressured by lower revenue and higher operating expenses, and flagged a further decline in its asset quality. Sustained high costs of living have eroded households' disposable incomes and ability to meet loan payments, resulting in rising arrears for banks. The economic environment, including persistent inflationary...

HONG KONG/SHANGHAI Aug 16 (Reuters) - Travel companies are betting that Chinese tourism could return to its pre-pandemic boom days if they tweak tours to avoid steep hikes, add nurses and healthcare professionals to their staff and offer discounts for the seniors they're targeting. As China's population rapidly ages, and many in the middle-class face job uncertainty and a slowing...