Hong Kong protests hurt Holiday Inn-owner IHG, sees pain from virus outbreak
Holiday Inn-owner InterContinental Hotels Group reported on Tuesday a slight dip in annual room revenue, hurt by a fall in bookings in Hong Kong due...
China to grant tariff exemptions on 696 U.S. goods to support purchases
China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks...
HSBC to shed assets worth $100 billion and slash 35,000 jobs over three years
HSBC Holdings said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its U.S. and European...
Boy Scouts of America files for bankruptcy amid challenges over lawsuits alleging abuse
The Boy Scouts of America, one of the largest youth organizations in the United States, has filed for Chapter 11 bankruptcy protection as it faces...
Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround
Nissan’s new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan’s second biggest automaker which is grappling...
Recession risk forces BOJ to row back on inflation goal
The widening economic fallout from the coronavirus outbreak and soft consumption are forcing the Bank of Japan to message more strongly that it is no...
Samsung poised to benefit from China virus woes afflicting Apple, other rivals
Samsung Electronics stands to be a major beneficiary of the China production problems announced by rival Apple Inc on Monday, reaping the rewards of a...
Nissan’s new CEO says willing to be fired if no turnaround
Nissan’s new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan’s second biggest automaker which is grappling...
HSBC sets new cost cutting, profit targets after 2019 profit falls 33%
HSBC Holdings PLC on Tuesday unveiled plans to cut costs and simplify its structure to boost earnings, after its 2019 profit dropped 33% hit by...
Oil prices fall as market weighs coronavirus demand impact
Oil prices fell on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in China and its...