TUI says 737 MAX grounding continues to drag on profit
European holiday company TUI said it was expecting the grounding of the Boeing 737 MAX aircraft to cost it an additional 220 million euros to...
Delivery Hero expects Europe to remain break-even in 2020
Delivery Hero expects its Europe business to remain break-even during 2020 after hitting this mark, as forecast, in the fourth-quarter of 2019, the German food...
Fed Chair Powell likely to give Congress largely positive economic update
Federal Reserve Chair Jerome Powell is likely to sound fairly upbeat about the outlook for U.S. economic growth when he testifies this week in the...
Virus fears, China diplomacy loom over Singapore Airshow
Singapore kicked off Asia’s largest aerospace event under heightened scrutiny on Tuesday as thousands of visitors shunned the Singapore Airshow over coronavirus fears, while all...
China firms cut staff on virus outbreak as Xi vows no large-scale layoffs
A Chinese media company said it will lay off 500 employees due to the coronavirus outbreak, the latest among a string of firms to do...
Oil rebounds amid broad market recovery; investors still wary
Oil prices rose more than 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that...
Asian shares rally, slow pace of China factory reopenings a worry
Asian share markets followed Wall Street higher on Tuesday as China’s factories struggled to re-open after an extended break, though analysts warned investors might be...
Australia investigator in Citi cartel case learned of concerns from rival agency
An Australian investigator who helped bring criminal cartel charges against Citigroup Inc and Deutsche Bank AG said he first heard concerns about a stock issue...
Geely to deepen ties with Volvo, plans to list under one umbrella
Geely Automobile and its sister company Volvo Cars are planning to merge and list in Hong Kong and possibly Stockholm, giving Volvo access to public...
Airbus unveils ‘blended wing body’ plane design after secret flight tests
Airbus on Tuesday unveiled a curvaceous aircraft design that blends wing and body, designed to slash carbon emissions by some 20%....