Siemens Healthineers first-quarter profit falls on higher diagnostic gear costs
Siemens Healthineers’ operating income slipped 11% in the first quarter, despite higher revenue, as the German company sold less profitable imaging machines and incurred ramp-up...
Tele2 fourth-quarter tops forecast, launches new restructuring program
Swedish telecoms operator Tele2 reported quarterly core earnings above market forecasts on Monday and proposed a higher ordinary dividend and a special dividend to be...
Panasonic third-quarter profit rises 3%, beating estimates
Panasonic Corp on Monday reported a 3% rise in third-quarter operating profit, beating analyst estimates, thanks to restructuring efforts and an improvement at the joint...
Asian shares sink as virus fears maul China’s markets
Asian shares were dragged to near two-month lows on Monday by Chinese markets, which plunged on their first trading day after a long break on...
Ryanair to take longer to reach 200 million passenger target due to 737 MAX woes
Ryanair will take longer than expected to reach its long-term target of flying 200 million passengers per year due to delays in the delivery of...
Utilities stocks trump other havens as virus fears spread
U.S. utilities stocks have outperformed other traditional havens in recent days, as worries over the spreading coronavirus epidemic sparked a rush to safety....
Convicted former WorldCom CEO Ebbers dead at 78
Bernard Ebbers, the former WorldCom Inc chief executive convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a...
Australia’s Westpac hit with second U.S. class-action
Investor rights law firm Bernstein Liebhard has filed a class-action suit against Australia’s No. 2 lender, Westpac Banking Corp , accusing it of failing to...
Virus worries wipe $420 billion off China’s stock market
Investors erased $420 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its...
China central bank’s reverse repo rate cut to alleviate economy shock: adviser
China’s cut to its reverse repo rate should alleviate the shock to the real economy from a virus outbreak and is a good move to...