AB InBev sees 10% hit to first-quarter profit from coronavirus
The world’s largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales during the Chinese...
Banks have some way to go in disclosing climate risk: Lagarde
Climate change poses a risk to the financial sector and central banks need to pay closer attention as banks have some way to go in...
Blackstone’s Schwarzman says cannot buy Bloomberg while owning Refinitiv
Blackstone Group Inc Chief Executive Stephen Schwarzman said the world’s biggest private equity firm cannot buy Bloomberg should it come up for sale as long...
Virus-hit stocks shed $3 trillion; safe havens thrive
Stocks resumed their plunge, wiping out more than $3 trillion in value this week alone, and U.S. Treasuries yields hit record lows on Thursday as...
Aston Martin shares slide as losses deepen and finance chief leaves
Aston Martin shares slumped to a record low on Thursday after the British luxury carmaker said its losses ballooned last year and its chief financial...
Zalando to tap designer labels, vintage to boost sales
Online fashion retailer Zalando plans to offer more premium and luxury ranges and move into the vintage clothing market as it predicted slower sales growth...
Nokia shares outperform on M&A hopes
Shares in Finnish telecom network equipment maker Nokia Oyj outperformed a falling market on Thursday, following a Bloomberg report it was weighing options for potential...
Thai tycoons in fray as Tesco sets bid deadline for $9 billion Asia business: sources
British retailer Tesco has asked bidders to submit binding offers for its Asian business by Friday, in a deal that will see Thai billionaires fight...
WPP shares slide again after fourth-quarter slowdown
WPP , the world’s biggest advertising company, reported a sharp slowdown in its final quarter of the year on Thursday and said it did not...
IKEA reduces climate footprint for the first time
Carbon emissions throughout the full value chain of IKEA furniture fell for the first time last year, brand owner Inter IKEA said on Thursday citing...