World stocks resumed rising towards record highs on Tuesday and the dollar reached a four-month high as China’s top medical advisor said the coronavirus epidemic may plateau in the next few weeks.
Airbus SE is confident of selling more than 1,000 A321XLR aircraft, a longer-range version of the single-aisle A321neo jetliner, over the next 10 years, a senior executive at the manufacturer said on Tuesday.
The U.S. Federal Aviation Administration is narrowing the issues needed before it can conduct a certification test flight on the grounded Boeing 737 MAX, but will not commit to a timetable for lifting a flight ban, its top official said.
(Bloomberg) — Ray Dalio says the impact of the coronavirus outbreak on markets has been exaggerated and is likely to be short lived.Investor concerns over the pandemic “probably had a bit of an exaggerated effect on the pricing of assets because of the temporary nature of that, so I would expect more of a rebound,” Dalio, the billionaire founder of Bridgewater Associates, said at a conference in Abu Dhabi on Tuesday. “It most likely will be something that in another year or two will be well beyond what everyone will be talking about.”As manager of the world’s biggest hedge fund, …read more […]
European travel company TUI said an exceptional number of holiday bookings would help offset the impact of the Boeing 737 MAX grounding on its annual profit, enabling it to lift the bottom end of annual earnings guidance.
Inter IKEA Group, owner of the IKEA furniture brand, appointed on Tuesday Jon Abrahamsson Ring as new Chief Executive from Sept. 1.
Lloyd’s of London said on Tuesday that former Virgin Money boss Jayne-Anne Gadhia would be part of a committee to “drive long-term culture change” in the world’s oldest insurance market.
GKSD Investment Holding confirmed on Tuesday that it could make an offer to buy NMC Health , a day after the London-listed healthcare group revealed approaches from two private equity groups.
German wholesaler Metro on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division’s stores, according to a staff letter by Metro CEO Olaf Koch that was seen by Reuters.
Mercedes-Benz has re-started production of luxury passenger cars in Beijing this week, Ola Kaellenius, Chief Executive of parent company Daimler , said on Tuesday.
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Daimler AG slashed its dividend to the lowest since the financial crisis and promised deeper cost cuts as Chief Executive Officer Ola Kallenius frees up cash to pay for an accelerated electrification effort in the coming year.Kallenius, whose restructuring push has failed to gain traction in his first nine months on the job, is cutting the dividend by two thirds to 0.90 euros ($0.98) a share. Daimler will also reduce personnel costs by more than 1.4 billion euros by the end of …read more […]
Shares in French tire maker Michelin fell on Tuesday after the company forecast a slightly lower operating income for 2020 and flagged uncertainty to its business from the coronavirus crisis in China.
Investors who take an interest in Banco Santander, S.A. (BME:SAN) should definitely note that insider Ramiro Mato… …read more […]
Airbus SE is confident of selling more than 1,000 A321XLRs aircraft, a longer-range version of the single-aisle A321neo jetliner, over the next 10 years, a senior executive at the manufacturer said on Tuesday.
Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold.
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