Capri cuts sales forecast as Michael Kors demand slows
Capri Holdings Ltd missed quarterly revenue estimates and cut its full-year sales forecast on Wednesday, as the high-end fashion house struggled with slowing demand for...
Ryanair to shut Faro base in Portugal in 2020: union
Ryanair has decided to close its base at Faro International Airport in southern Portugal from next year with the loss of at least 120 jobs,...
FedEx to end ground-delivery deal with Amazon: Bloomberg
U.S. package delivery company FedEx Corp will terminate its contract at the end of this month for small-package ground deliveries with Amazon.com Inc , Bloomberg...
Futures turn lower as investors flock to bonds, gold
U.S. stocks futures turned lower on Wednesday after investors flocked to safe-haven gold and U.S. government bonds amid worries over the escalation in U.S.-China trade...
Great Wall says BMW venture faces regulatory uncertainties
China’s Great Wall Motor on Wednesday said that its joint venture with BMW faced regulatory uncertainties as both companies pledged to proceed with plans for...
PSA shares spike on report Dongfeng exploring options for stake
Shares in PSA Group briefly rose as much as 6.6% on Wednesday and trading volumes spiked after a Bloomberg report said Dongfeng Motor Corp is...
Cautious calm reigns after Washington softens trade war rhetoric
A cautious calm returned to stock markets on Wednesday as softer rhetoric from Washington on the U.S.-China trade war soothed investors, though demand for safe-haven...
Great Wall says JV with BMW is proceeding as planned
China’s top sport utility vehicle maker Great Wall Motor said in a stock exchange filing on Wednesday that its joint venture with BMW was proceeding...
Wendy’s quarterly revenue falls short of estimates
Burger chain Wendy’s Co reported quarterly revenue on Wednesday that fell short of analysts’ estimates, hit by tough competition in a crowded U.S. fast-food market....
Cautious calm returns as White House softens trade war rhetoric
A cautious calm returned to stock markets on Wednesday as softer rhetoric from Washington on the U.S.-China trade war soothed investors, though demand for safe-haven...