Rolls-Royce reports $1.1 billion operating loss on Trent 1000
British aerospace engineer Rolls-Royce reported a 2019 operating loss of 852 million pounds ($1.11 billion), after the cost of tackling durability problems on its Trent...
EasyJet warns of softer Italian demand in wake of coronavirus
British budget airline easyJet warned on Friday it had seen a significant softening of demand and load factors into and out of its northern Italian...
Hyundai Motor halts work at factory after worker tests positive for coronavirus
Hyundai Motor shut down a factory in South Korea on Friday after a worker tested positive for the new coronavirus, disrupting production of popular models...
Uniqlo reopens more China stores, most partner factories restart
Fast Retailing , which operates casual clothing chain Uniqlo, said on Friday it had reopened more than 100 stores in China in the past week,...
UBS cuts Ermotti’s pay after French court blow, overhauls bonus scheme
UBS Chief Executive Sergio Ermotti cashed in less money in 2019 as the bank made pay concessions related to a French tax case and missed...
Lion Air puts $500 million IPO on hold as global equity markets tumble: sources
Indonesia’s Lion Air has deferred plans for an initial public offering (IPO) due to a sharp fall in global stock markets, people close to the...
World stocks set for worst weekly slump since 2008 as pandemic fears intensify
World share markets were headed for their worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the...
UBS tamps back CEO pay after French court blow, earnings miss
UBS Chief Executive Sergio Ermotti cashed in less money in 2019 as the bank made pay concessions related to a French tax case and missed...
Exclusive: Aluminum smelter resurrected on Trump tariffs may close as losses mount
A bankrupt aluminum smelter that re-opened in 2018, after U.S. President Donald Trump imposed tariffs on imported metals, is losing money at such a rapid...
Malaysia’s AirAsia X defers A330neo deliveries as coronavirus crimps demand
Malaysian long-haul budget airline AirAsia X Bhd said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its...