HSBC appoints insider Quinn as CEO amid growth headwinds
HSBC Holdings PLC has appointed Noel Quinn as chief executive officer, handing the insider and interim boss the reins of Europe’s biggest bank and ending...
Detroit automakers, UAW agree to curb production to contain coronavirus
The Detroit Three automakers and United Auto Workers agreed on Tuesday to curtail production at U.S. factories and limit the number of workers on the...
U.S. airlines, saying it will take a ‘long time’ to recover, try to quickly reduce workforce
U.S. airlines are seeking to quickly reduce their workforces through early retirement packages or unpaid leave of up to 12 months with medical benefits in...
Exxon pays more to borrow amid market turmoil
Exxon Mobil Corp paid a big premium to raise $8.5 billion in new debt on Tuesday, as a rout in energy prices and stock market...
Latam carriers see ‘bankruptcy pandemic’ risk, Chile opposes bailout
Latin American airlines need prompt government aid or many of them could go out of business as the global coronavirus outbreak forces widespread flight cancellations,...
SoftBank lays ground to abandon $3 billion WeWork tender offer: sources
SoftBank Group Corp is considering pulling out of a $3 billion bid to buy additional shares in WeWork, because it feels the office-space sharing firm...
U.S. stock futures dip as coronavirus spread overshadows stimulus
U.S. stock futures stepped back in choppy early Asian trade on Wednesday as concerns about the widening coronavirus epidemic weighed against hopes policy support would...
California county says Tesla factory cannot operate normally in coronavirus shutdown
Tesla Inc cannot operate its main U.S. vehicle factory normally as the San Francisco Bay Area has begun a three-week lockdown to rein in the...
Fujifilm Holdings shares untraded on glut of orders after China says drug works against coronavirus – Kyodo
Shares in Japanese company Fujifilm Holdings Corp were untraded due to a glut of buy orders after Kyodo news agency reported on Wednesday that China...
Governments offer airlines aid as coronavirus drives deeper flight cuts
Australia on Wednesday joined a growing list of countries offering financial aid to its ailing aviation sector as global airlines announced deeper capacity cuts due...