Bloomberg Business

Stellantis Rises on Surprise Buyback, Strong Earnings

Stellantis NV gained after the carmaker unveiled a share buyback of as much as €1.5 billion ($1.6 billion), following Mercedes-Benz AG and BMW AG in returning cash to shareholders after high prices and pent-up demand boosted results.

Australia, Philippines Eyes Sea Patrols Amid China Tensions

Australia and the Philippines are considering joint patrols in the South China Sea, their defense ministers said Wednesday, as the Southeast Asian nation reported continuing presence of suspected Chinese vessels in contested waters.

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