Siemens hit by industrial slowdown and energy problems
German engineering company Siemens , hit by a global slowdown in power and gas and among industrial customers, said on Wednesday it missed forecasts for...
Airline industry healthy enough to absorb significant downturn in China’s economy: IAG CEO
The airline industry is “without question” healthy enough to absorb a significant downturn in China’s economy, said Willie Walsh, chief executive of International Airlines Group,...
Futures jump on reports of coronavirus treatment breakthroughs
U.S. stock index futures surged on Wednesday on reports of medical breakthroughs in the fight against the fast-spreading coronavirus and expectations of more stimulus from...
Exclusive: HSBC to axe senior managers in strategy shift – sources
HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part...
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...
Airbus halts output at Tianjin assembly plant due to coronavirus
Airbus has prolonged a planned closure of its final assembly plant in Tianjin, China, as a result of the coronavirus emergency, the planemaker said on...
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...