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...
Asia stocks rise, oil rebounds but China virus toll mounts
Asian stocks steadied on Wednesday as Chinese shares moved higher on hopes of additional stimulus to cushion the economic blow from a coronavirus outbreak, but...
Intel bets on smart buildings in Israel to attract tech talent
Intel Corp is investing heavily in “smart buildings” in Israel that will be full of perks to keep employees happy, helping the U.S. chipmaker compete...
GM rolls back ‘radical’ plan to offer only three-cylinder engines in some China cars: sources
General Motors is backtracking on an aggressive promotion of three-cylinder engines in China that saw some Buick and Chevrolet models offered only in that option...