Global stocks gain after China cuts U.S. import tariffs, virus fears wane
Global stocks extended their recovery on Thursday, cheered by record closes in Wall Street benchmarks following encouraging economic data, and after China announced a cut...
Sanofi eyes more growth this year as it narrows focus
Sanofi on Thursday said it was expecting earnings per share to grow around 5 percent at constant exchange rates in 2020, weeks after pledging to...
Nokia posts surprise quarterly profit rise on cost cuts
Finnish telecom network equipment maker Nokia reported on Thursday a surprise rise in October-December underlying profit, driven by cost cuts, and said most of its...
China to halve tariffs on some U.S. imports as virus risks escalate
China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 trade deal...
Volvo Cars posts rise in fourth-quarter profit, helped by cost cuts and sales growth
Sweden’s Volvo Car Group, owned by China’s Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset...
Equinor fourth-quarter profit beats forecast amid oilfield startup
Norway’s Equinor reported a smaller-than-expected drop in fourth-quarter core operating profits on Thursday as the startup of a major new oilfield partly mitigated the impact...
Toyota lifts annual profit forecast, looking at alternate sources for China-made parts
Toyota Motor Corp raised its annual operating profit forecast by 4.2% on favorable currency rates and better-than-expected vehicle sales, but added that the impact of...
Huawei launches legal action against Verizon alleging unauthorized patent use
China’s Huawei Technologies Co Ltd has launched legal action against Verizon Communications Inc , alleging the U.S. carrier used 12 of its patents without authorization....
Mitsubishi postpones first SpaceJet delivery for at least another year
Japan’s Mitsubishi Aircraft Corp said on Thursday it will delay the first delivery of its SpaceJet regional jet for at least another year until after...
Toyota lifts annual profit forecast on currency moves, three-quarter profit eases
Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen, while it also expects to...