Business News
ABN Amro profit hurt by low interest rates, rising impairments
Dutch bank ABN Amro reported on Wednesday fourth-quarter net income that missed analysts’ estimates, hurt by lower interest income and higher impairments.
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Business News
Nissan seeks $91 million in damages from Ghosn over financial misconduct charges
Nissan Motor Co on Wednesday said it had filed a civil lawsuit in Japan against former Chairman Carlos Ghosn seeking 10 billion yen ($91.02 million) in damages over his alleged financial misconduct.
Business News
Sainsbury’s Bank chairman Roger Davis to step down
The banking division of British supermarket group Sainsbury’s has started the search for a new chairman after Roger Davis notified the board he plans to step down, the firm said on Wednesday.
Business News
ABN Amro’s fourth-quarter net profit misses on low interest, rising impairments
Dutch bank ABN Amro on Wednesday reported a fourth-quarter net income that missed estimates, hurt by lower interest income and as impairments rose.
Business News
Gucci owner Kering flags China virus uncertainties after strong fourth-quarter
Kering on Wednesday said the coronavirus health scare in China could heighten uncertainties for the luxury goods market, as the Gucci owner posted higher-than-expected sales for the fourth quarter of 2019.
Business News
SoftBank Group quarterly profit wiped out by Vision Fund losses
Japan’s SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99%, well short of analyst estimates, pulled down by a second consecutive quarter of losses at the $100 billion Vision Fund.
Business News
Heineken expects 2020 operating profit to rise by mid single-digit percentage
Heineken , the world’s second-largest beer maker, said on Wednesday it expects operating profit this year to grow by a mid-single digit percentage after 2019 earnings came in line with expectations.
Business News
SoftBank Group third-quarter operating profit falls 99%, pulled down by Vision Fund
Japan’s SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99%, well short of analyst estimates, pulled down by losses at the $100 billion Vision Fund.
Business News
Clariant CFO exits as leadership reshuffle at Swiss chemicals maker continues
Clariant Chief Financial Officer Patrick Jany is exiting for a new job at world’s biggest shipping company Maersk , marking the latest management change at the Swiss speciality chemicals maker after its CEO jumped ship last year.
Business News
ABN Amro’s fourth-quarter net profit misses on low interest and rising impairments
Dutch bank ABN Amro on Wednesday reported a stable net income of 316 million euros ($344.8 million) for the fourth quarter, missing analysts’ expectations as interest income fell and impairments rose.
Business News
‘Everyone is guessing’ about coronavirus economic impacts, say experts
The coronavirus that spread from a seafood market in Wuhan, China to infect tens of thousands has shuttered businesses, grounded flights and killed over 1,000 people so far, mostly in China.
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Deaths Hit 1,115; Data Signal Spread May Be Easing: Virus Update
(Bloomberg) — President Xi Jinping vowed China would meet its economic goals while winning the battle against the deadly coronavirus that has claimed 1,115 lives.The Chinese leader’s comments come after U.S. Federal Reserve Chairman Jerome Powell said the outbreak poses a risk to the American and world economies.While more cases emerged overseas, with Japan finding 39 new infections aboard a cruise ship, the latest data from China signaled the outbreak may be easing. The number of new cases in Hubei province was the lowest this month, while suspected infections on the mainland fell by more than 5,000 to about 16,000.Key …read more […]
Business News
Stocks inch up as drop in new coronavirus cases boosts confidence
Global share markets nudged higher on Wednesday amid hopes the worst of the coronavirus in China may have passed, although prevailing uncertainty about the outbreak kept investors wary.
Business News
Boeing sees airline profits hit, stagnant air cargo market due to virus
The global air cargo industry is unlikely to grow this year because of the challenges in the China market due to the coronavirus, a senior executive at Boeing Co said on Wednesday.
Business News
U.S. judge drops some charges against Theranos’s Holmes, leaves wire fraud
A federal judge late on Tuesday dismissed some charges against Theranos Inc founder Elizabeth Holmes, but let stand wire fraud charges accusing her and an associate of misleading patients about the abilities of her company’s blood tests.