Kering frustrated with slow progress in cosmetics development
Gucci-owner Kering’s chairman Francois-Henri Pinault said on Wednesday the company was frustrated with the slow pace of progress in cosmetics development with license holder Coty...
Oil rises 2% as fall in new China coronavirus cases eases fuel demand concerns
Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel...
Airbus Helicopters signs order from Royal Thai Air Force
Airbus said on Wednesday its Airbus Helicopters unit had signed an order for six H135 military training helicopters from the Royal Thai Air Force....
Souring energy loans wipe out ABN Amro’s profit growth
Souring energy loans eroded ABN Amro’s fourth quarter profit growth, it said on Wednesday, prompting the Dutch bank to launch another review of its trade...
Coronavirus brings jet refinancing boost: Avolon CEO
Major aircraft lessor Avolon and its peers stand to benefit from the coronavirus outbreak as airlines shore up cash by refinancing their planes, the Dublin-based...
Exclusive: Thyssenkrupp-Kone merger would trigger litigation war – Schindler
Swiss elevator maker Schindler would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s lift division with rival...
Gucci owner Kering halts spending in China on virus fears
Gucci-owner Kering has closed half of its stores in China and shelved new openings and advertising campaigns there as the coronavirus epidemic throws luxury brands...
Investors charge back into stocks on signs coronavirus spread is slowing
A drop in the number of new coronavirus cases and the Federal Reserve chairman’s optimistic view of the economy lifted world stocks for a third...
U.S. stores, online sales boost Ahold’s quarterly profit
Food retailer Ahold Delhaize met forecasts with a 3% rise in fourth-quarter core earnings on Wednesday helped by its Food Lion and Hannaford U.S. grocery...
Heineken sees more profit growth in final year for long-serving CEO
Heineken , the world’s second largest brewer, forecast lower barley and aluminum costs would help to boost profits this year, when its long-serving chief executive...