Investors find some Unilever foods hard to swallow
Six months after Unilever’s Alan Jope suggested he may get rid of brands without “purpose”, investors are wondering when he will deliver.
For airlines, China boom now exposes them to risk as coronavirus slams market
China’s growth has helped power a global aviation boom over the last decade, but as the country curtails travel in the face of a new coronavirus, a slowdown could hit the industry harder than ever before.
Trump to sign North American trade pact at White House; key Democrats not invited
President Donald Trump will sign a new North American trade agreement on Wednesday in an outdoor ceremony at the White House to be attended by about 400 guests – but not the key Democrats who helped secure congressional passage of the deal.
Hong Kong stocks pull Asian shares lower but futures offer hope
Asian shares fell on Wednesday as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and added to worries about the economic impact of the outbreak.
Focus at Goldman’s first investor day will be on its consumer bank Marcus
As Goldman Sachs Group Inc approaches its first-ever investor day on Wednesday, all eyes are on its tiniest business division, the consumer bank, and how the Wall Street powerhouse will get it to grow.
Fed likely to keep interest rates on hold, focus on balance sheet
The Federal Reserve will conclude its latest policy meeting on Wednesday with interest rates almost certainly to remain on hold but officials likely to discuss possible changes to how they manage the U.S. central bank’s key overnight borrowing rate.
China flexes oil refining muscle, upping pain for Asian rivals
China is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in particular, but its plans spell more gloom for Asia’s hard-hit refining industry.
Oil gains amid assessment of China virus impact, possible OPEC supply cuts
Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles also helped steady prices.
Tim Hortons pulls Beyond Meat products from Ontario, British Columbia
Restaurant Brands International Inc’s Tim Hortons said on Tuesday it has removed Beyond Meat Inc’s products from its coffee and donut shops in the Canadian provinces of Ontario and British Columbia.
Foxconn says plans in place to meet production obligations after virus outbreak
TAIPEI – Apple Inc supplier Foxconn said it could continue to meet all manufacturing obligations in the wake of a coronavirus outbreak in China even as the iPhone maker flagged uncertainty created by the disease.
