Shares step back as hopes of early end to coronavirus fade
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil...
Chinese economy clobbered by coronavirus but set to recover soon: Reuters poll
The coronavirus-hit Chinese economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists...
Five things to look out for in HSBC’s new strategy
HSBC on Tuesday reports 2019 results and will set out its new strategy, where interim Chief Executive Noel Quinn will audition for the permanent role...
Royal Caribbean cancels 18 cruises, warns coronavirus hit to yearly profit
Royal Caribbean Cruises Ltd on Thursday said it had canceled 18 cruises in Southeast Asia and joined larger rival Carnival Corp in warning that its...
Wall Street slips as coronavirus fears mount
Wall Street lost ground on Thursday, backing away from record highs as investors digested new coronavirus developments and mixed corporate earnings....
Judge OKs Philly refiner’s bankruptcy plan, sale to property developer: documents
The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending...
Emerson says will not pursue a break-up following internal review
Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year into whether to separate its...
Judge grants Amazon motion for pause in Microsoft’s Pentagon contract work
A U.S. judge on Thursday granted Amazon.com Inc’s request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an...
Mattel beats profit estimates as cost cuts take hold
Mattel Inc on Thursday beat estimates for quarterly profit as it benefited from a robust cost-cutting program, even as holiday season sales of its flagship...
Walmart’s Mexico unit posts 4.5% drop in net profit
Walmart de Mexico, Mexico’s largest retailer, on Thursday reported fourth quarter net profit of 11.2 billion pesos ($594.7 million), a 4.5% drop over the same...