BlackRock, partners eye initial $500 million for climate fund
A BlackRock-backed group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging...
Sainsbury’s CEO Coupe to be replaced by retail director Roberts
Mike Coupe will step down as CEO of Sainsbury’s at the end of May after six years at the helm, with Britain’s second largest supermarket...
ValueAct CEO Jeff Ubben to step down: Financial Times
ValueAct Capital Partners LP’s founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund’s president, Mason...
Asian stocks bounce as investors welcome China virus response
Asian stock markets recovered ground on Wednesday as China’s response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially...
‘Death Cross,’ growth abroad threaten U.S. dollar
Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the currency that has squeezed corporate profits and angered President Donald Trump....
Hyundai Motor returns to profit in fourth-quarter as SUV sales boost margins
South Korea’s Hyundai Motor Co swung to a fourth-quarter profit from a loss a year earlier, helped by brisk sales of sport-utility vehicles such as...
Airlines scour the world for scarce 737 MAX simulators
Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing Co recommended...
China stocks tumble on virus outbreak, but regional markets steady
Asian stock markets bounced on Wednesday as China’s response to a virus outbreak tempered fears of a global pandemic, although Shanghai shares slipped amid worries...
Netflix forecasts tough start to 2020; Disney+ going global
Netflix Inc has entered a new year that will be far tougher than the one it left behind....
Oil falls again as ample global supply seen offsetting Libyan outage
Oil prices edged lower on Wednesday, extending the previous session’s drops, as investors continue to shrug aside the impact of almost all of Libya’s crude...