Recession fears hit Wall Street after grim China, German data
Wall Street was set to open lower on Wednesday, as poor economic data from China and Germany put the focus back on the impact of...
Stocks wilt as bond markets flash recession warnings
Stock markets slumped on Wednesday as Germany’s economy went into reverse, fuelling fears of global recession and slamming the brakes on a rally for equities...
WeWork lifts veil on finances with IPO filing
WeWork owner The We Company on Wednesday filed with regulators for an initial public offering and published detailed financial statements for the first time....
Lion Air ‘urgently requires’ more 737 MAX jets to support growth: co-founder
Indonesia’s Lion Air “urgently requires” more Boeing Co 737 MAX jets to support its growth strategy once regulators approve the grounded model’s return to service,...
Oil prices fall on disappointing economic data from Europe and China
Oil prices fell on Wednesday on disappointing economic data from China and Europe and a rise in U.S. crude inventories, partly erasing the previous session’s...
Air Canada sees A220 jet delivering boost for key U.S. transit traffic
Air Canada said on Wednesday it will launch a direct Seattle-Montreal service next spring with its new A220-300 jets, as the carrier eyes new routes...
India’s Coffee Day to sell Bengaluru tech park to Blackstone, cut debt
Coffee Day Enterprises Ltd said on Wednesday it planned to sell a tech park it owned in the southern Indian city of Bengaluru to Blackstone...
Global stocks take fright as recession warnings grow
European stocks fell on Wednesday as Germany’s economy went into reverse, reviving fears of global recession and tempering a rally for equities after Washington delayed...
Anbang’s Japan properties up for sale, Blackstone seen bidding: sources
China’s troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two...
StanChart eyes $100 billion private bank assets in growth push, to hire bankers
Standard Chartered is targeting growing its private banking assets by 50% to about $100 billion in three to five years and hire dozens of bankers...