Asia comforted by China data, Europe uninspired
World stocks inched higher after a raft of Chinese data beat expectations on Wednesday and though benchmark bond yields and the Aussie dollar did the same, Europe struggled to join in.
Swiss drugmaker Roche ups outlook as sales growth offsets price hit
Swiss drugmaker Roche lifted its 2019 outlook on Wednesday, as sales growth in China and the United States outpaced price declines it has suffered amid President Donald Trump’s pressure on the industry to hold down charges.
Foxconn’s Gou in bid for Taiwan presidency, with blessing of sea goddess
Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will contest Taiwan’s 2020 presidential election, shaking up the political landscape at a time of heightened tension between the self-ruled island and Beijing.
Ericsson shares hit four-year high after profit tops forecasts for fifth quarter
Ericsson posted a first-quarter profit on Wednesday that swept past forecasts due to strong growth in North America and cost cuts, spurring the telecom equipment maker to boost its full-year outlook for the global networks market.
Bill Browder files Swedbank money laundering complaint in Latvia
Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal.
ABB seeks new chief executive after Spiesshofer’s surprise departure
ABB Chief Executive Ulrich Spiesshofer has quit the Swiss engineering group in a surprise move for a company which is in the midst of a strategic overhaul to focus more on digital industries.
Investor AB, Cevian support ABB move to replace CEO
Big ABB shareholders Investor AB and Cevian backed on Wednesday the Swiss engineering group’s move to replace Chief Executive Ulrich Spiesshofer.
Foxconn’s Gou announces bid to run in Taiwan’s 2020 presidential race
Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will contest Taiwan’s 2020 presidential election, shaking up the political landscape at a time of heightened tension between the self-ruled island and Beijing.
L’Oreal shares rise after French group’s first-quarter sales beat forecasts
L’Oreal’s shares rose on Wednesday after the French cosmetics group beat first-quarter sales forecasts.
Lessors rush to repossess more Jet Airways planes, even as emergency funds awaited
Lessors to India’s Jet Airways Ltd have applied to deregister another four Boeing Co 737 planes, the Indian aviation regulator said on its website on Wednesday, even as the embattled carrier seeks emergency funding from its lenders.
