Japan's SoftBank Group Corp said on Tuesday it expects to book around 1.2 trillion yen ($11.12 billion) in pre-tax profit on the sale of shares in China's Alibaba Group Holding Ltd.
Bookings for the summer months are looking good, the chief executive of Lufthansa told a newspaper, adding that the airline's performance would improve in coming quarters after a weak start to the year.
Drinks group Pernod Ricard, which is being targeted by activist investor Elliot, on Tuesday struck a confident note over its growth prospects in Asia.
President Cyril Ramaphosa's mission to fix two of South Africa's most troubled state companies, power firm Eskom and South African Airways (SAA), could take longer than planned after their chief executives quit within a week of each other.
Japan's SoftBank Group Corp said on Tuesday it expects to book around 1.2 trillion yen ($11.12 billion) in pre-tax profit on the sale of shares in China's Alibaba Group Holding Ltd.
Asian shares fell on Tuesday as weak economic indicators and an intensifying Sino-U.S. trade war inflamed concerns about global growth, supporting safe-haven assets such as bonds.
Australia's biggest telecommunications provider Telstra Corp Ltd plans to cut a quarter of its contractors in two years, its CEO said on Tuesday, a reduction of 10,000 people on its payroll and adding to thousands of internal jobs slated to go.
With the quiet period related to Uber Technologies disastrous IPO last month coming to an end, investors can expect a deluge of analyst research initiations on the ride-hailing service.
Betakit | Isabelle Kirkwood | June 3,2019 CIBC, Bank Leumi of Israel, and National Australia Bank (NAB) have partnered to launch the Global Alliance FinTech Link, a digital platform developed to facilitate collaboration between banks and FinTechs. Through the new platform, FinTechs can submit technology solutions in response to a wide range of challenges faced
Nissan Motor Co is optimistic about partnering with a combined Renault and Fiat Chrysler (FCA), as long as it can protect the ownership of technology developed over two decades of working with Renault, a senior executive told Reuters.
Major automakers on Monday posted higher U.S. new vehicle sales for May, the first increase for 2019 as a strong economy and upbeat consumer sentiment fueled demand.
Growth in U.S. manufacturing activity slowed in May to its weakest pace in over two years as factory managers raised concerns about a trade war between the United States and China, a national survey showed on Monday.
Mexico on Monday made clear it would reject a U.S. idea to take in all Central American asylum seekers if it is raised at talks this week with Trump administration, which has threatened to impose tariffs if Mexico does not crack down on illegal immigration.
The U.S. Justice Department has jurisdiction for a potential antitrust probe of Apple Inc as part of a broader review of technology companies, two sources told Reuters.
Shares of Apple Inc were down nearly 3% in afternoon trading on Mon following a Reuters report that the U.S. Dept of Justice was given jurisdiction to include the iPhone maker as part of broader antitrust probe.