German luxury carmaker Daimler issued the latest in a procession of profit warnings on Wednesday, hit by costs related to the industry’s diesel emissions scandal, heavy investment in electric vehicles and production problems.
Japan’s most prominent activist investor on Wednesday demanded Toshiba Machine Co hold an extraordinary shareholders meeting to discuss its plans to introduce defense measures against a hostile takeover.
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U.S. President Donald Trump said on Wednesday a tax cut for the middle class would be announced over the next 90 days.
Aircraft lessor Air Lease Corp , which has ordered 150 of Boeing’s grounded 737 MAX, remains confident in the jet’s long-term value, Chief Financial Officer Greg Willis said on Wednesday after Boeing announced a new delay to its return.
British carmaker Jaguar Land Rover (JLR) will cut over 10% of the workforce at its northern English Halewood factory due to slower than expected growth of two models, the Unite Union said on Wednesday.
Japan’s most prominent activist investor on Wednesday demanded Toshiba Machine Co hold an extraordinary shareholders meeting to discuss its plans to introduce defence measures against a hostile takeover.
World stock markets looked to be getting back to full strength on Wednesday, as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.
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Airbus’ shares rose to record highs on Wednesday, after its U.S. arch rival Boeing warned of new issues with the Boeing 737 MAX plane.
Bank of America Corp will recruit about 50 bankers for its investment team in Asia this year, as it pushes to bulk up its dealmaking business and shore up revenues from the unit globally, three people with direct knowledge of the matter said.
Hong Kong’s Cathay Pacific Airways Ltd will allow all crew members and frontline employees to wear surgical masks due to concerns over a new coronavirus, and said passengers to and from Wuhan, China, could change or cancel flights for free through Feb. 15.
The yuan dipped and the Australian dollar hit a six-week low on Wednesday as investors feared the outbreak of a new coronavirus in China could create more headaches for the Chinese economy, which is already slowing because of the U.S.-China trade war.
Simon Roberts has been appointed to replace Mike Coupe as the boss of Britain’s second-largest supermarket group Sainsbury’s .
Hyundai Motor Co turned in its best quarterly operating profit in almost three years and said it was on track for higher profit margins in 2020, powered by more sales of sport-utility vehicles (SUVs) such as the Palisade and Kona.
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