Cathay Pacific to cut global capacity by 30% amid coronavirus epidemic
Hong Kong’s Cathay Pacific Airways Ltd plans to cut 30% of its global capacity over the short-term, including 90% of capacity to mainland China as...
Oil prices rebound on hopes for OPEC+ supply cuts
Oil prices clawed back ground on Tuesday amid hopes for new output curbs from OPEC and its allies to offset any potential drop in demand...
Glencore’s 2019 cobalt up, copper down; share price rises
Glencore said its 2019 copper output fell 6% and battery mineral cobalt rose 10% as it boosted production at its Katanga mine in the Democratic...
BP boosts dividend as profit tops forecast and CEO bows out
BP raised its dividend and said it had completed a $1.5 billion share buyback program in a sign of confidence in its growing oil and...
Hyundai to halt South Korea output as virus disrupts China parts supply
Hyundai Motor said it will suspend production in South Korea due to the coronavirus outbreak disrupting parts supply, becoming the first major automaker to do...
MUFG reports first quarterly loss in decade on writedown at Indonesian unit
Mitsubishi UFJ Financial Group Inc (MUFG) , Japan’s largest lender by assets, reported a net loss in the third quarter, for the first time in...
Exclusive: As virus fallout widens, China readies more measures to stabilize economy – sources
Chinese policymakers are readying measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth,...
Global stocks, commodities firmer as virus fever abates
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves over the spreading outbreak,...
Jeweler Pandora says China business at a ‘standstill’
Pandora’s business in China has ground to a halt, the jewelry maker and retailer said on Tuesday, as a new flu-like virus forced the company...
Siemens Gamesa has acted fast to prevent new project delays: CEO
Siemens Gamesa Chief Executive Marcus Tacke said on Tuesday the wind turbine maker had acted quickly to make sure the impact of project delays that...