Japan's Mitsubishi Corp is watching developments from the coronavirus outbreak for effects on the global economy and prices of natural resources, its finance chief said after the trading house reported a drop in net profit
General Motors Co on Wednesday forecast flat profits for 2020 and reported a better-than-expected fourth quarter result as it kicked off a new effort to win over investors stampeding into shares of electric car rival Tesla Inc .
The coronavirus epidemic will have a only a marginal impact on global travel demand and the airline industry is healthy enough to absorb any economic slowdown in China, the chief executive of British Airways parent IAG said on Wednesday.
The dollar gained and a gauge of global equity markets surged for a third day as expectations of more central bank stimulus and media reports that suggest scientists are closing in on a vaccine for the deadly coronavirus boosted sentiment.
German sportswear company Adidas on Wednesday said it was temporarily shutting a "considerable" number of its stores in China due to the coronavirus outbreak which has killed nearly 500 people and infected thousands.
U.S. stock index futures surged on Wednesday on reports of medical breakthroughs in the fight against the fast-spreading coronavirus and expectations of more stimulus from China to limit the economic fallout of the epidemic.
Tobacco group Imperial Brands said on Wednesday it expects full-year adjusted earnings to be slightly lower than last year due to a U.S. regulatory ban on some flavors of cartridge-based vapor devices and weaker consumer demand.
Vodafone reported organic service revenue growth of 0.8% in the third quarter on Wednesday, an uptick from the second, helped by continued recovery in South Africa.
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.
Elon Musk, the billionaire chief executive officer of Tesla Inc , went on Twitter to ask users if the electric carmaker should build a new gigafactory in Texas.
Hong Kong's Cathay Pacific Airways Ltd has asked all its 27,000 employees to take three weeks of unpaid leave in coming months as it battles a fall in demand caused by a virus outbreak, the company said on Wednesday.
Oil prices rose on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China's fast-spreading coronavirus.
Barclays said Tesla's recent rally resembles the rise and fall of chipmaker Qualcomm in 1999.
Australia's Federal Court has ordered wealth manager AMP Ltd to pay a penalty of A$5.2 million ($3.5 million) for failing to prevent incorrect insurance advice by financial planners, the corporate watchdog said on Wednesday.
Coty Inc beat Wall Street estimates for quarterly profit and revenue on Wednesday as it sold more nail care products to salons and beauty professionals in Europe, sending its shares up 10% in premarket trading.