Visa quarterly revenue misses, expenses rise
Visa Inc missed analysts' estimates for revenue and posted a 14% rise in operating expenses for the first quarter on Thursday, sending its shares down nearly 2%.
Visa Inc missed analysts' estimates for revenue and posted a 14% rise in operating expenses for the first quarter on Thursday, sending its shares down nearly 2%.
Global equity markets tumbled on Thursday as the death toll from China's coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond as investors worried about the world's second-largest economy.
Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into small asset manager Sofia SGR, two sources with direct knowledge of the matter said.
The alliance between France's Renault SA and Japan's Nissan Motor Co remains strong, but its members share a sense of urgency, the alliance's chairman said on Thursday.
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.
Coca-Cola Co on Thursday reported better-than-expected quarterly sales driven by demand for its sparkling soft drinks, teas and coffees in North America and emerging markets.
The boss of Jaguar Land Rover (JLR) will step down from his role at the end of his contract term in September as Britain's biggest carmaker shows signs of improvement after a torrid 2019 of job cuts, deep losses and falling sales.
India's Tata Motors Ltd reported a quarterly profit on Thursday, compared with a year-earlier loss, as the maker of British luxury car brands Jaguar and Land Rover kept a tight lid on costs.
India's Tata Motors Ltd on Thursday beat market expectation for quarterly profit, as sales for the maker of British luxury car brand Jaguar and Land Rover rose in China and it kept a tight lid on costs.
Stocks across the world tumbled on Thursday as the death toll from a virus spreading in China reached 170, forcing airlines to cut flights and stores to close as the potential economic hit from the outbreak came into focus.
A rapidly spreading virus outbreak in China is emerging as a potentially major new risk to the global economy and leaving policymakers, still grappling with the impact of the Sino-U.S. trade war, fretting over the widening fallout.
Oil prices fell on Thursday as alarm spread over the economic impact of the Wuhan virus in China, while a bigger-than-expected increase in U.S. crude stocks added to the negative tone.
Frankfurt will no longer host the German auto show from 2021 after almost 70 years as the home of the annual exhibition of the industry's latest innovations, the VDA auto association said late on Wednesday.
Asian stocks and currencies tumbled further on Thursday, as the rising death toll from a virus spreading from China led airlines to cut flights and stores to close, increasing pressure on the world's second-largest economy as fears of a pandemic grow.
Swedish truck maker AB Volvo reported a smaller than expected fall in fourth-quarter earnings in the face of slowing demand and announced plans on Thursday for a payout to shareholders that exceeded market expectations.