SoftBank Group quarterly profit wiped out by Vision Fund losses
Japan’s SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99%, well short of analyst estimates, pulled down by a second consecutive quarter...
Clariant’s leadership reshuffle continues as CFO jumps ship to Maersk
Clariant Chief Financial Officer Patrick Jany is exiting for a post at Maersk , the world’s biggest shipping company, marking the latest management change at...
SoftBank Group third-quarter op profit falls 99%; misses analyst estimates
Japan’s SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99%, well short of analyst estimates, pulled down by losses at the $100...
ABN Amro’s fourth-quarter net profit misses on low interest and rising impairments
Dutch bank ABN Amro on Wednesday reported a stable net income of 316 million euros ($344.8 million) for the fourth quarter, missing analysts’ expectations as...
‘Everyone is guessing’ about coronavirus economic impacts, say experts
The coronavirus that spread from a seafood market in Wuhan, China to infect tens of thousands has shuttered businesses, grounded flights and killed over 1,000...
Stocks inch up as drop in new coronavirus cases boosts confidence
Global share markets nudged higher on Wednesday amid hopes the worst of the coronavirus in China may have passed, although prevailing uncertainty about the outbreak...
Boeing sees airline profits hit, stagnant air cargo market due to virus
The global air cargo industry is unlikely to grow this year because of the challenges in the China market due to the coronavirus, a senior...
U.S. judge drops some charges against Theranos’s Holmes, leaves wire fraud
A federal judge late on Tuesday dismissed some charges against Theranos Inc founder Elizabeth Holmes, but let stand wire fraud charges accusing her and an...
China’s GDP goal on track despite virus impact: government economist
China will be able to achieve its long-term goal of doubling gross domestic product and incomes this year despite the impact from a conoravirus outbreak,...
Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns
Oil prices climbed on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand...