Airlines rush to boost demand as coronavirus shreds playbook for crisis management
The rapid spread of coronavirus cases worldwide is complicating a standard strategy used by airlines when disease, disaster or conflict hit travel destinations: lower fares...
How an ill-timed bet on a U.S. oil refinery cost ICBCS millions
A team of ICBC Standard bankers celebrated in London last June after closing its first major U.S. refinery deal and gaining a foothold in the...
Oil clambers higher as OPEC, allies move closer to deeper output cuts
Oil prices jumped 1.5% on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at...
Asian shares struggle for traction as Fed cut fails to boost confidence
Asian shares struggled to find footing on Wednesday and bonds held stunning gains, as an emergency rate cut from the U.S. Federal Reserve seemed to...
Resiliency test: How well can Chinese firms cope financially from a virus hit?
As companies in China gradually restart business following the extended Lunar New Year break, investors are fretting over the financial impact of the coronavirus outbreak...
Oil rises as OPEC+ moves closer toward deeper output cut
Oil prices rose more than 1% on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed...
HK’s Bank of East Asia to review assets with Elliott Management
Hong Kong-based Bank of East Asia said on Wednesday it would carry out a comprehensive review of its portfolio of businesses and assets with the...
Asian shares poised to slide as surprise Fed cut fails to halt rout
Asian shares were poised to drop on Wednesday and bonds soared, after an emergency rate cut from the U.S. Federal Reserve was unable to quell...
Wall Street prepares as coronavirus gets closer to home
Wall Street stepped up preparations to deal with the impact of the coronavirus on Tuesday, testing backup plans and asking employees to work from home,...
Nordstrom sales miss, sees 2020 earnings below estimates
Nordstrom Inc forecast a 2020 profit largely below market expectations on Tuesday, after the upscale apparel retailer missed estimates for fourth-quarter revenue, sending its shares...