Business News
KFC to sell plant-based fried chicken made by Cargill in China
Yum China’s KFC fast food chain will begin selling plant-based fried chicken for the first time in China over a limited time period, it said on Monday.
Year: 2020
Business News
Four staffing units of Norwegian Air file for bankruptcy
Four Swedish and Danish subsidiaries of Norwegian Air have filed for bankruptcy due to the ongoing coronavirus crisis which has grounded most of the company’s fleet, the budget carrier said on Monday.
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Four staffing units of Norwegian Air file for bankruptcy
Four Swedish and Danish subsidiaries of Norwegian Air have filed for bankruptcy due to the ongoing coronavirus crisis which has grounded most of the company’s fleet, the budget carrier said on Monday. “We have done everything we can to avoid making this last-resort decision and we have asked for access to government support in both Sweden and Denmark,” Chief Executive Jacob Schram said in a statement. “We are working around the clock to get through this crisis and to return as a stronger Norwegian with the goal of bringing as many colleagues back in the air as …read more […]
Business News
Halliburton sees bleak North America activity, joins rivals in spending cuts
Halliburton Co on Monday joined its bigger rival Schlumberger in taking impairment hits in the first quarter and issued a bleak outlook for North America as oilfield providers grapple with an unprecedented decline in oil prices.
Business News
Exclusive: India’s stiffer foreign investment rules aimed at China to include Hong Kong – sources
India’s new rules to more closely scrutinise foreign investments from companies based in neighbouring countries will also apply to Hong Kong, two senior government sources told Reuters on Monday.
Business News
Brazil set to start QE cautiously but may need to bring out ‘bazooka’
Brazil appears set to embark cautiously on unconventional monetary policy using small interventions to tackle dysfunction in bond markets, as it does with foreign exchange, but the severity of the crisis may ultimately force it to emulate the dramatic steps taken in the United States and Europe.
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Halliburton sees bleak North America activity, joins rivals in spending cuts
Oil prices have collapsed more than 60% since January to levels well below the costs necessary for many shale drillers to break-even, leading to drilling halts and drastic spending cuts by producers that has hurt demand for services offered by Halliburton and rivals Schlumberger and Baker Hughes . “We expect activity in North America land to sharply decline during the second quarter and remain depressed through year-end, impacting all basins,” Halliburton’s Chief Executive Officer Jeff Miller said in a statement. …read more […]
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Business News
Bridgestone to suspend 11 Japanese plants during late April-early May
Japanese tyremaker Bridgestone Corp said on Monday it will suspend operations at its 11 domestic plants, including 8 tyre factories, from late April to early May to cope with dwindling demand due to the coronavirus pandemic.
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Canada Shooting Rampage Kills at Least 16
In the deadliest shooting spree in Canada’s modern history, a 51-year-old man opened fire across a 30-mile stretch in the province of Nova Scotia on Sunday. Photo: Tim Krochak/The Canadian Press via AP …read more […]
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Arrowhead Pharmaceuticals' (NASDAQ:ARWR) Incredible 2370% Share Price Run Shows What Is Possible With Stocks
It hasn’t been the best quarter for Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) shareholders, since the share price… …read more […]
Business News
Coronavirus pushes Latin America’s budding startups into survival mode
The chief executive of Colombian food technology startup Muy had expected to spend the past few weeks gearing up to raise a dollop of fresh funds from venture capital firms for an ambitious expansion plan.
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The strength of the post-coronavirus economy hinges on one word: Morning Brief
Top news and what to watch in the markets on Monday, April 20, 2020. …read more […]
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Business News
China’s top brokerage hires Vanguard ex-Asia boss for global drive
China’s Citic Securities Co. , has hired Charles Lin, the former Asia head of Vanguard Group, to be vice chairman of Hong Kong unit CLSA, as the biggest Chinese securities company seeks to build up an international presence.