Stimulus hope, virus containment steps fuel renewed equity surge
Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping investors look past a mounting...
British Airways owner IAG sees marginal impact of coronavirus on global travel
The new coronavirus epidemic will have a only a marginal impact on global travel demand and the airline industry is healthy enough to absorb any...
Exclusive: HSBC to cull senior managers, review footprint in strategy shift – sources
HSBC is set to unveil a fresh round of job cuts targeting senior international managers and shrink its presence in some smaller markets, as part...
Trump touts stock market’s record run, but who benefits?
Donald Trump loves to trumpet the hot U.S. stock market as a key achievement of his presidency, and he was in full self-congratulatory mode on...
Vodafone to remove Huawei from core of European network
Vodafone will remove Huawei technology from the core of its European networks following Britain’s decision to restrict the Chinese company’s role in 5G and new...
Oil jumps 3% on reports of effective coronavirus drug
Oil prices jumped by more than 3% on Wednesday after reports that scientists have found an effective drug against China’s fast-spreading coronavirus, which has hit...
Qatar Airways CEO says interested in increasing stake in LATAM to 20%
Qatar Airways is interested in increasing its stake in Chile’s LATAM Airlines to 20%, its chief executive said on Wednesday....
Cathay Pacific asks employees to take unpaid leave as virus hits demand
Hong Kong’s Cathay Pacific Airways asked its 27,000 employees to take three weeks of unpaid leave, saying preserving cash was key for the carrier and...
Imperial Brands’ profit growth evaporates after U.S. vaping crackdown
Tobacco group Imperial Brands said it would not see any profit growth this year after tighter regulation in the United States, the world’s biggest vaping...
British engineer Babcock’s Archie Bethel to retire as CEO
Babcock International said on Wednesday Archie Bethel would be retiring as the British engineering firm’s chief executive officer after being in the role for more...