Ericsson third-quarter core profit tops forecast, lifts 2020 sales target
Telecoms equipment maker Ericsson reported quarterly core earnings far ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger market...
Qatar Airways may convert orders for Boeing 777-8 jet to 777-9: CEO
Qatar Airways may convert its 10 orders for the Boeing Co ultra-long-range 777-8 widebody jet to the larger 777-9, depending on the performance of the...
As ‘Cannabis 2.0’ kicks off in Canada, industry strangled by limited retail outlets
A year after Canada legalized use of recreational marijuana cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin...
Oil prices fall on signs of large U.S. stock build
Oil prices eased on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, although losses were limited by comments by...
Barneys enters deal to sell assets to Authentic Brands, B. Riley for $271 million cash
U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank...
South Korean court upholds 45-day ban on Asiana’s San Francisco flights
South Korea’s Supreme Court on Thursday upheld a government decision to suspend Asiana Airlines’ Incheon-San Francisco route for 45 days, adding to the debt-ridden carrier’s...
Asian shares pause after five-day rally, Brexit in focus
Asian stocks barely moved on Thursday as soft U.S. retail sales data raised fears about the health of the world’s largest economy, sucking the steam...
South Korea’s top court upholds suspension of Asiana Airlines’ San Francisco route for 45 days
South Korea’s Supreme Court on Thursday upheld a government decision to suspend Asiana Airlines’ Incheon- San Francisco route for 45 days....
Citigroup names Peter Babej as Asia Pacific chief executive: memo
Citigroup Inc has named Peter Babej, the U.S. bank’s global head of financial institutions group, as its new Asia Pacific chief executive officer, according to...
Global shares lose steam on weak U.S. retail sales, Brexit in focus
Global stocks barely moved on Thursday as soft U.S. retail sales data raised concerns about the health of the world’s largest economy and risk of...