Business & Finance News
British retailer Tesco has asked bidders to submit binding offers for its Asian business by Friday, in a deal that will see Thai billionaires fight for an asset valued at up to $9 billion, sources with direct knowledge of the matter said.
Carbon emissions throughout the full value chain of IKEA furniture fell for the first time last year, brand owner Inter IKEA said on Thursday citing increased use of renewable energy.
Aston Martin’s chief finance officer will leave the company following a tumultuous 2019 in which the luxury carmaker’s losses ballooned after sales dropped and it drafted in a new investor to help turn around the firm.
China’s top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased.
ABB’s robotics division is “well placed” to increase sales by broadening its business beyond the struggling automotive sector, the Swiss engineering company said on Thursday, confirming its profitability goal.
Anheuser-Busch InBev on Thursday forecast a 10% decline in its first-quarter profit after a weaker-than-expected finish to 2019, as the world’s largest beer maker expects the coronavirus outbreak to dent its earnings.
Microsoft Corp is keen to invest in data centers in Indonesia which will soon make regulatory changes to facilitate the move, the country’s president said after meeting with the software giant’s CEO on Thursday.
Germany’s Bayer said on Thursday it was targeting growth in adjusted core profit of up to 9.6% this year, driven by sales of agriculture products and pharmaceuticals.
Stocks sunk deeper into the red on Thursday, oil prices fell and U.S. Treasuries rallied into record territory as more signs of the global spread of the coronavirus heightened fears of a pandemic.
U.S. stock index futures tumbled on Thursday as the rapid spread of the coronavirus outside China raised fears of a pandemic and sent investors scurrying to the perceived safety of gold and bonds.
Anheuser-Busch InBev ABI.BR, the world’s largest beer maker, suffered a greater than expected fall in core profit in the fourth quarter last year and forecast muted growth in 2020 due in part to the coronavirus outbreak in China.
Standard Chartered booked a robust 46% jump in annual profit but warned a key earnings target would take longer to meet as the coronavirus epidemic adds to headwinds in its main markets of China and Hong Kong.
Panera Bread Co on Thursday is launching an $8.99 per month unlimited coffee subscription as it aims to grow its breakfast traffic and loyalty program membership.
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.
Standard Chartered on Thursday posted a 45.5% rise in annual profit, weathering the economic fallout from global trade tensions and political protests in Hong Kong with revenue growth in its main markets.
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