BlackRock Inc, the world’s largest asset manager, on Tuesday reported a 3.3 percent drop in quarterly profit, as investors shunned its expensive funds and flocked toward low risk, inexpensive funds.
UnitedHealth Group Inc on Tuesday posted a quarterly profit that beat analysts’ estimates and raised its adjusted earnings target for the year, driven by strength in its Optum unit as well as a rise in memberships for its health plans.
China’s bond market sold off sharply this week as a slew of unexpectedly strong economic indicators prompted investors to ask if country’s latest round of monetary easing may be drawing to a close.
The management of India’s Jet Airways Ltd has proposed temporarily suspending all operations of the struggling airline, Indian media reported on Tuesday, as the company awaits promised funds from banks in a rescue deal.
Stock markets inched higher on Tuesday as reassuring data about the health of China’s economy helped investors shrug off disappointing bank earnings in the United States, while volatility in European markets took another leg lower.
Lufthansa reported an operating loss of 336 million euros ($380 million) for the first three months of the year, hurt by rising fuel costs and excess capacity in Europe, sending its shares down on Tuesday.
Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts.
China’s China Changan Automobile Group expects sales at its joint venture with Ford Motor Co to rebound at the end of this year as the U.S. automaker boosts its China product line, Changan’s president said on Tuesday.
Luxury carmaker Rolls-Royce expects to achieve double-digit sales growth in China this year, although it will be lower than the 40 percent rate it saw in 2018, its chief executive said on Tuesday.
The management of India’s Jet Airways has proposed to suspend all operations of the debt-laden airline at its board meeting, ET Now reported on Tuesday quoting sources.
Asian stocks ticked up on Tuesday, staying near a nine-month high as hopes of stabilization in the Chinese economy helped investors shrug off Wall Street’s underperformance that followed disappointing bank earnings.
Lufthansa reported an operating loss of 336 million euros ($380 million) for the first three months of the year, hurt by rising fuel costs and overcapacity in Europe, sending its shares down 5 percent in pre-market trade.
Foxconn’s Chairman Terry Gou said on Tuesday he is considering whether to run for Taiwan’s 2020 presidential election, a day after Reuters reported the tycoon planned to step down from the world’s largest contract manufacturer.
CWT International Ltd, a unit of indebted HNA Group Co Ltd, on Tuesday said it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral.
Germany’s biggest airline Lufthansa posted a loss for first three months of the year, hurt by rising fuel cost and overcapacity in Europe.
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