Federal Reserve Chair Jerome Powell is likely to sound fairly upbeat about the outlook for U.S. economic growth when he testifies this week in the first of his twice-a-year updates to Congress, even as he nods to the potential threat from the coronavirus in China.
European holiday company TUI said it was expecting the grounding of the Boeing 737 MAX aircraft to cost it an additional 220 million euros to 245 million euros over its 2020 financial year, as the U.S. planemaker's woes continue to drag on profit.
Delivery Hero expects its Europe business to remain break-even during 2020 after hitting this mark, as forecast, in the fourth-quarter of 2019, the German food delivery group said on Tuesday.
Daimler cut its dividend to 0.90 euros ($0.9818) a share after 2019 earnings more than halved, weighed down by restructuring and charges in what amounts to the third profit warning for new CEO Ola Kaellenius.
Oil prices rose more than 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China.
A Chinese media company said it will lay off 500 employees due to the coronavirus outbreak, the latest among a string of firms to do so in the past two weeks as the epidemic takes a toll on small-to-medium sized businesses.
Forbes | Oluwaseun Adeyanju | Feb 10, 2020 African startups raised a record $1.34 billion in venture capital in 2019, up from just under $200 million in 2015, according to WeeTracker, a media firm focused on the African entrepreneurship space. That’s about a 46.3% increase on a compound annual growth rate (CAGR) basis. WeeTracker estimates
Singapore kicked off Asia's largest aerospace event under heightened scrutiny on Tuesday as thousands of visitors shunned the Singapore Airshow over coronavirus fears, while all eyes were on a sensitive fly-off between U.S. and Chinese fighters.
T-Mobile US Inc may be limited in its ability to trim the price of its $40 billion acquisition of Sprint Corp after it overcame regulatory obstacles to completing the deal, investors and analysts said on Tuesday.
Pivotal Research Group analyst Michael Levine said part of Facebook's advertising business "just feels very unsustainable."
For some entrepreneurs online reselling starts as a hobby or a closet clearing project. Then it becomes a side hustle or a full-time profession.
More than 300 Chinese companies are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said.
An Australian investigator who helped bring criminal cartel charges against Citigroup Inc and Deutsche Bank AG said he first heard concerns about a stock issue they worked on from a rival regulator, but the agencies acted independently.
Asian share markets followed Wall Street higher on Tuesday as China's factories struggled to re-open after an extended break, though analysts warned investors might be underestimating how economically damaging the challenge was likely to be.
Chinese firm Xinchao Media has laid off 500 people, or just over 10% of its workforce, saying it needed to resort to such measures to survive the impact of the coronavirus outbreak.