Nasdaq opens at record high on private jobs data, virus treatment talks
Nasdaq hit a record high at the open on Wednesday following a strong monthly domestic private jobs data and on reports of treatments to fight...
GM forecasts flat 2020 profit after a rough 2019; shares gain
General Motors Co on Wednesday forecast flat profits for 2020 and reported a better-than-expected fourth quarter result as it kicked off a new effort to...
Qatar Airways swoops for RwandAir stake and eyes bigger LATAM holding
Qatar Airways is in talks to buy a 49% stake in Africa’s RwandAir and is interested in doubling its holding in LATAM Airlines Group to...
U.S. trade deficit falls in 2019 for the first time in six years
The U.S. trade deficit dropped for the first time in six years in 2019 as the White House’s trade war with China curbed the import...
Ford shares fall 8% after disappointing 2020 profit outlook
Shares of Ford Motor Co fell nearly 8% on Wednesday, a day after the automaker forecast a lower profit for 2020, surprising analysts who also...
Adidas closes ‘considerable’ number of stores in China due to coronavirus
German sportswear company Adidas on Wednesday said it was temporarily shutting a “considerable” number of its stores in China due to the coronavirus outbreak which...
Siemens hit by industrial slowdown and energy problems
German engineering company Siemens , hit by a global slowdown in power and gas and among industrial customers, said on Wednesday it missed forecasts for...
Airline industry healthy enough to absorb significant downturn in China’s economy: IAG CEO
The airline industry is “without question” healthy enough to absorb a significant downturn in China’s economy, said Willie Walsh, chief executive of International Airlines Group,...
Futures jump on reports of coronavirus treatment breakthroughs
U.S. stock index futures surged on Wednesday on reports of medical breakthroughs in the fight against the fast-spreading coronavirus and expectations of more stimulus from...
Exclusive: HSBC to axe senior managers in strategy shift – sources
HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part...