Nokia’s surprise profit rise fails to salvage 2019 dividend
Cost cuts provided an unexpected boost to Nokia’s fourth-quarter underlying profit on Thursday, driving its share price to a four-month high, although the Finnish telecom company said it was not ready to propose a dividend.
Mitsubishi postpones SpaceJet delivery again, books $4.5 billion special loss
Japan’s Mitsubishi Heavy Industries said on Thursday it will book a 496.4 billion yen ($4.5 billion) special loss after its aircraft unit delayed the delivery of its SpaceJet regional jet for at least another year until after March 2021.
China to halve tariffs on some U.S. imports as virus risks grow
China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that brought a truce to a bruising trade war between the world’s two largest economies.
Oil rises a second day in ‘relief rally’ over China coronavirus
Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China which could cause fuel demand to rebound in the world’s biggest oil importer.
Sanofi eyes more EPS growth this year as it narrows focus
Sanofi said on Thursday its earnings per share were likely to rise by around 5% in 2020, weeks after it promised to focus on vaccines and key treatments including eczema medicine Dupixent until 2022.
Norwegian Air’s January passenger income jumps
Norwegian Air cut its capacity by a bigger-than-expected 29% in January from a year earlier, removing unprofitable routes while boosting its income from remaining flights, its traffic data showed on Wednesday.
Exclusive: BP eyes sale of Algerian gas plant after Rosneft talks fail – sources
BP is seeking buyers for its stake in a major Algerian gas plant deep in the Sahara desert after recent talks on a sale to Russian oil giant Rosneft failed, three industry sources told Reuters.
Sanofi eyes more growth this year as it narrows focus
Sanofi on Thursday said it was expecting earnings per share to grow around 5 percent at constant exchange rates in 2020, weeks after pledging to focus on vaccines and key treatments like its eczema medicine Dupixent until 2022.
Nokia posts surprise quarterly profit rise on cost cuts
Finnish telecom network equipment maker Nokia reported on Thursday a surprise rise in October-December underlying profit, driven by cost cuts, and said most of its 2020 profit will be generated in the fourth quarter.
China to halve tariffs on some U.S. imports as virus risks escalate
China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 trade deal that brought a truce to a bruising trade war between the world’s two largest economies.
