Adidas sees $1.1 billion coronavirus hit to China sales, Puma warns on profit
German sportswear makers Adidas and Puma warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there...
UAE joins Saudi in opening oil taps as row with Russia slams crude prices
The United Arab Emirates followed Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two OPEC...
Oil falls as Saudi, UAE plan for higher output capacity
Oil prices fell on Wednesday after Saudi Arabia and the United Arab Emirates announced plans to boost production capacity and OPEC and the U.S. Energy...
Exclusive: U.S. SEC steps up scrutiny of private debt ‘financial games’
The top U.S. securities regulator has increased its scrutiny of private funds that make higher-risk loans over the last two years, according to a Reuters...
Telefonica, TIM plan joint bid for Oi’s mobile business in Brazil
Shares in Telefonica Brasil SA and TIM Participações SA rose in the morning trading as both companies said they are planning a joint offer to...
Boeing plans full drawdown of $13.8 billion loan: Bloomberg News
Boeing Co is planning a full drawdown of a $13.8 billion loan as early as Friday, as the U.S. based plane-maker struggles with worldwide travel...
Chile braces for fresh protests on 30th anniversary of return to democracy
Chilean President Sebastian Pinera celebrated 30 years since Chile’s return to democracy on Wednesday, even as scattered incidents of violence broke out across the capital...
Belgium has first coronavirus death, briefly holds liner
Belgian authorities held a cruise ship with more than 3,000 people on board in the port of Zeebrugge on Wednesday morning over suspected cases of...
Sixteen more years? Russian parliament backs move to keep Putin in power
Constitutional changes allowing Vladimir Putin to run for president again in 2024 sailed through both houses of Russia’s parliament on Wednesday, raising the prospect he...
Britain, Italy announce war chests to soften impact of coronavirus
Britain announced a $39-billion war chest to soften the economic impact of the coronavirus after the Bank of England cut interest rates on Wednesday and...