Oil jumps 3% on reports of effective coronavirus drug
Oil prices jumped by more than 3% on Wednesday after reports that scientists have found an effective drug against China’s fast-spreading coronavirus, which has hit...
Qatar Airways CEO says interested in increasing stake in LATAM to 20%
Qatar Airways is interested in increasing its stake in Chile’s LATAM Airlines to 20%, its chief executive said on Wednesday....
Cathay Pacific asks employees to take unpaid leave as virus hits demand
Hong Kong’s Cathay Pacific Airways asked its 27,000 employees to take three weeks of unpaid leave, saying preserving cash was key for the carrier and...
Imperial Brands’ profit growth evaporates after U.S. vaping crackdown
Tobacco group Imperial Brands said it would not see any profit growth this year after tighter regulation in the United States, the world’s biggest vaping...
British engineer Babcock’s Archie Bethel to retire as CEO
Babcock International said on Wednesday Archie Bethel would be retiring as the British engineering firm’s chief executive officer after being in the role for more...
Vodafone posts 0.8% third-quarter growth, driven by South Africa
Vodafone reported organic service revenue growth of 0.8% in the third quarter on Wednesday, an uptick from the second, helped by continued recovery in South...
Danske Bank beats fourth-quarter net profit expectations
Danske Bank beat fourth quarter net profit expectations on Wednesday and said it expects to earn a net profit of 8-10 billion Danish crowns in...
Siemens posts weaker-than-expected first-quarter industrial profit
Germany’s Siemens on Wednesday reported weaker-than-expected industrial profit during its first quarter as a downturn in the manufacturing sector hit its flagship digital industries business...
Cold Turkey: investor exodus tests Erdogan’s economic experiment
A run on the lira proved a pivotal moment for Turkey’s financial markets in 2018, prompting action from Ankara that has tilted the economy inward...
Australia court fines AMP $3.5 million over incorrect insurance advice
Australia’s Federal Court has ordered wealth manager AMP Ltd to pay a penalty of A$5.2 million ($3.5 million) for failing to prevent incorrect insurance advice...