Goldman downgrades Exxon to ‘sell’, slashes returns outlook
Goldman Sachs downgraded ExxonMobil to “sell” following disappointing fourth-quarter results, as the Wall Street bank forecasted the oil and gas company will meet only half...
Ryanair posts third quarter profit but warns 737 MAX woes could delay growth target
Ryanair cheered investors with a return to profit in the third quarter but warned its target of flying 200 million passengers per year may be...
Panasonic posts first quarterly profit in U.S. battery business with Tesla
Panasonic Corp reported the first quarterly profit in its U.S. battery business with Tesla Inc on Monday, after several years of production troubles and delays...
France’s Renault extends Wuhan plant closure to Feb. 13
French carmaker Renault will extend a shutdown at its factory in China’s Wuhan until Feb. 13, in line with the Chinese government’s guidance over the...
Imperial Brands hires Inchcape’s Bomhard as new CEO to revive e-cigarette sales
Cigarette maker Imperial Brands Plc named Stefan Bomhard, CEO of car dealer Inchcape , as its new chief executive on Monday to steer the company...
Global shares hit seven-week lows as virus fears savage China’s markets
World shares sank to their lowest in seven weeks on Monday, dragged down by a plunge in Asian stocks on their first trading day after...
Shares of food delivery giant Just Eat-Takeaway start trading
Shares in Just Eat-Takeaway, the company forged by Dutch online service Takeaway’s $7.8 billion acquisition of British food deliverer Just Eat, commence trading on the...
Virus fears wipe $393 billion off China’s stock market despite government support moves
Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its...
Sri Lanka to probe graft accusations over Airbus deal
Sri Lanka has ordered a probe into accusations of bribery by European planemaker Airbus to pave the way for the sale of aircraft to state-run...
Julius Baer to cut 300 jobs after 2019 profit drop
Julius Baer will cut 300 jobs this year, its chief executive said on Monday, as the Swiss wealth manager looks to boost profitability after a...