Business & Finance News
(Reuters) – Pfizer Inc said on Wednesday it planned to invest $600 million in its venture capital fund, a quarter of which would be earmarked for promising research on neuroscience.
(Reuters) – Brown-Forman Corp edged past Wall Street estimates for fourth-quarter profit on Wednesday but warned that its outlook was clouded by potential retaliatory tariffs from top U.S. trade allies.
(Reuters) – Spirit and wine company Brown-Forman Corp reported a 5.6 percent rise in quarterly sales on Wednesday, helped by higher demand for its signature Tennessee whiskeys.
SYDNEY (Reuters) – The head of Qatar Airways apologized on Wednesday for saying that a woman could not do his job, while global airlines pledged to speed up efforts to break down gender imbalances in aviation.
BERLIN (Reuters) – Uber, the ride-hailing company which has been banned from many European cities, is about to launch its JUMP electric bicycle sharing service in Germany as it diversifies and seeks to build bridges with local authorities.
SYDNEY (Reuters) – Global airlines, coming off a record-low accident rate in 2017, need to guard against complacency over safety as heavy growth in travel demand stretches the air transport system, industry leaders warned at a conference this week.
LONDON (Reuters) – The euro rose to a ten-day high on Wednesday after hawkish comments from the European Central Bank, adding upward pressure to bond yields and sinking some stocks as worries over Italy also weighed.
SYDNEY/BANGKOK/MONTREAL (Reuters) – A growing shortage of airline pilots is putting the industry’s recent growth at risk as planes sit idle, higher salaries cut into profits and unions across the globe push for more benefits.
(Reuters) – Ride-hailing company Uber said on Wednesday it would launch electric bicycle sharing service JUMP Bikes, which it bought last month, in Europe as it seeks to expand into other transportation modes and make peace with local authorities.
OSLO (Reuters) – Norway’s $1 trillion wealth fund said on Wednesday it had backed an initiative to wrest the role of chairman away from Tesla Chief Executive Elon Musk.
TOKYO (Reuters) – Japan’s top government spokesman said on Wednesday that the Group of Seven leaders were likely to discuss the global economy and concerns about U.S. trade policy.
SYDNEY (Reuters) – Latvia-based AirBaltic hastened a deal for Bombardier CSeries planes before Airbus formally takes over the Canadian planemaker because it was worried about securing the right delivery slots, the carrier’s chief executive said on Wednesday.
TOKYO (Reuters) – Asian stocks rose on Wednesday after tech sector strength lifted Wall Street shares while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs.
TAIPEI (Reuters) – Foxconn, the Taiwanese contract manufacturer that rose to global prominence as the manufacturer of the Apple iPhone, is trying to reinvent itself as smartphone sales plateau and Apple Inc diversifies its supplier base.
SYDNEY (Reuters) – An explosion of e-commerce demand is buoying the air freight business, boosting profit at some major airlines despite global trade tensions and underscoring robust consumer confidence.
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