Business & Finance News
A taxi association will be able to participate in Uber’s appeal against the loss of its operating license in the British capital city set to be heard in full from July 6, a British judge decided on Thursday.
The Federal Reserve, long criticized for being too white and male, crossed a substantial milestone last year: for the first time in its 107-year history, white men held fewer than half of board seats at the Fed’s 12 regional outposts.
Several U.S. Federal Reserve policymakers told Reuters why increasing diversity within the U.S. central bank system matters. Here are some highlights:
Shares in Nokia Oyj rose in a falling market on Thursday, after Bloomberg News reported that the Finnish telecom network equipment maker was considering asset sales and mergers.
WPP shares plunged to their lowest level in nearly eight years on Thursday after a sharp slowdown in fourth-quarter trading derailed the latest recovery attempt at the world’s biggest advertising company.
Blackstone Group Inc Chief Executive Stephen Schwarzman said the world’s biggest private equity firm cannot buy Bloomberg should it come up for sale as long as the firm owns competitor Refinitiv.
Banks must improve transparency on their exposure to climate- change risk and central banks need to pay closer attention as the entire financial sector is at risk, European Central Bank President Christine Lagarde said on Thursday.
Oil prices fell 2% on Thursday, plunging for fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude.
The world’s largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales during the Chinese New Year, sending its shares skidding.
Stocks resumed their plunge, wiping out more than $3 trillion in value this week alone, and U.S. Treasuries yields hit record lows on Thursday as the coronavirus spread faster outside China and investors fled to safe havens.
Aston Martin shares slumped to a record low on Thursday after the British luxury carmaker said its losses ballooned last year and its chief financial officer would leave by the end of April.
Online fashion retailer Zalando plans to offer more premium and luxury ranges and move into the vintage clothing market as it predicted slower sales growth in 2020 after a strong final quarter to 2019.
Bayer said on Thursday it was targeting growth in adjusted core profit of 7% to 9.6% this year, driven by sales of agriculture products and pharmaceuticals, with only the upper end of that range meeting market projections.
Shares in Finnish telecom network equipment maker Nokia Oyj outperformed a falling market on Thursday, following a Bloomberg report it was weighing options for potential asset sales and mergers.
WPP , the world’s biggest advertising company, reported a sharp slowdown in its final quarter of the year on Thursday and said it did not expect any improvement in 2020, hammering its shares once again.
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