FedEx Corp confirmed on Wednesday it would terminate its contract with Amazon.com Inc for small-package ground deliveries, as the online retailer focuses on building out its own delivery network.
Wall Street was set to open lower on Wednesday, as investors sought safety in gold and government bonds on worries about the impact of a long-drawn trade war on global economies.
Capri Holdings Ltd missed quarterly revenue estimates and cut its full-year sales forecast on Wednesday, as the high-end fashion house struggled with slowing demand for its Michael Kors brand at department stores and at its own retail outlets.
India’s Reliance Industries Ltd is partnering with iconic U.S.-based luxury jeweller Tiffany & Co to open a line of stores in the country, adding yet another marquee name to its growing portfolio of brands.
Ryanair has decided to close its base at Faro International Airport in southern Portugal from next year with the loss of at least 120 jobs, the SNPVAC cabin crew union, which had called a strike for Aug. 21-25, said on Wednesday.
U.S. stocks futures turned lower on Wednesday after investors flocked to safe-haven gold and U.S. government bonds amid worries over the escalation in U.S.-China trade war denting global growth.
U.S. package delivery company FedEx Corp will terminate its contract at the end of this month for small-package ground deliveries with Amazon.com Inc , Bloomberg reported on Wednesday.
China’s Great Wall Motor on Wednesday said that its joint venture with BMW faced regulatory uncertainties as both companies pledged to proceed with plans for developing a low-cost electric car.
Subway Restaurants will test Beyond Meat Inc meatballs in 685 restaurants across the United States and Canada starting next month, the latest chain to jump on the meat alternatives bandwagon.
Wall Street’s main indexes were on course to rise at the open on Wednesday, building on a recovery a day earlier, as President Donald Trump sought to play down the impact of a potentially drawn-out trade war on U.S. farmers and businesses.
Shares in PSA Group briefly rose as much as 6.6% on Wednesday and trading volumes spiked after a Bloomberg report said Dongfeng Motor Corp is exploring options for its 2.2 billion-euro stake in the French carmaker, traders said.
A cautious calm returned to stock markets on Wednesday as softer rhetoric from Washington on the U.S.-China trade war soothed investors, though demand for safe-haven assets like government debt underscored lingering anxiety over recession risks.
China’s top sport utility vehicle maker Great Wall Motor said in a stock exchange filing on Wednesday that its joint venture with BMW was proceeding as planned, though it was still awaiting regulatory approval.
Burger chain Wendy’s Co reported quarterly revenue on Wednesday that fell short of analysts’ estimates, hit by tough competition in a crowded U.S. fast-food market.
Germany’s Bayer said the next U.S. lawsuit scheduled to be heard over claims that its glyphosate-based weedkiller Roundup, causes cancer would likely be postponed.
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