Outlook for European corporate profits worsens further
Expectations for second- and third-quarter corporate profits are deteriorating further in Europe, despite a gradual easing across the continent of lockdowns aimed at curbing the...
Coronavirus crushes Australia’s dividends with banks leading the decline
Australia has made the deepest dividend cuts globally this year, with more than $6 billion deferred or cancelled as companies conserve cash to ride out...
Johnson & Johnson to stop selling talc baby powder in U.S. and Canada
Johnson & Johnson on Tuesday announced it would stop selling its talc Baby Powder in the United States and Canada, saying demand had dropped in...
Did hedge funds score on masks and sanitizer? Not so much
What would seem like a sure win for elite investors – early bets on companies racing to make face masks, hand sanitizer and other coronavirus-related...
Luckin scandal ripple effect prompts chairman-backed firm to seek cash: sources
A company linked to China’s scandal-hit Luckin Coffee Inc is seeking fresh capital, sources said, highlighting the ripple effect of Luckin’s fabricated transactions as the...
HSBC sees double-digit wealth asset growth in Asia by 2023
HSBC Holdings PLC expects to achieve double-digit asset growth in its newly combined wealth business in Asia Pacific in the next three years, as it...
Asian stocks adrift as vaccine rally falters
Asian stocks struggled to extend the week’s rally on Wednesday and gold and bonds firmed as a sceptical press report dented some hopes for a...
Senate Democrats call for Trump administration to unveil details of TSMC plant deal
Democratic lawmakers on Tuesday urged the Trump administration to answer “serious questions” about Taiwan Semiconductor Manufacturing Co Ltd’s plans to build a U.S.-based $12 billion...
Fujifilm shares fall after report Avigan not showing clear efficacy in some coronavirus trials
Shares of Fujifilm Holdings Corp fell on Wednesday after Kyodo news agency reported that so far there has been no clear evidence of efficacy for...
Fujifilm shares tumble after report Avigan not showing apparent efficacy in coronavirus treatment
Shares of Fujifilm Holdings Corp tumbled more than 4% in early trade on Wednesday after a report its anti-flu drug Avigan was not showing apparent...