Asia comforted as China data hint at recovery
Asian share markets pulled ahead on Wednesday as investors were relieved after a raft of Chinese data beat expectations in a sign Beijing’s policy stimulus may finally be gaining traction in the world’s second-largest economy.
China’s first-quarter growth unexpectedly steadies, but too early to call clear recovery
China’s economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement.
Ericsson profit beats forecasts for fifth straight quarter as savings, 5G sales kick in
Mobile telecom equipment maker Ericsson beat first-quarter result forecasts on Wednesday due mainly to strong growth in North America as the company raised its full-year outlook for the global networks market.
Roche lifts 2019 outlook after first-quarter sales beat
Swiss drugmaker Roche raised its 2019 outlook after first-quarter sales rose 8 percent, beating analyst estimates on the strength of newer medicines including multiple sclerosis treatment Ocrevus and cancer immunotherapy Tecentriq.
U.S. businesses no longer ‘positive anchor’ for U.S.-China relations: chamber
Frustrated U.S. businesses can no longer be counted on as a “positive anchor” in U.S.-China relations, a top U.S. business lobby said on Wednesday, arguing any deal to end trade tensions must address structural problems in China’s economic system.
Cathay Pacific CEO ‘relatively confident’ air cargo market will pick up in second half
Cathay Pacific Airways Ltd Chief Executive Rupert Hogg said he was “relatively confident” the air cargo market would pick up in the second half after a weak start to the year.
Foxconn’s Gou to ‘follow order of sea goddess’ in Taiwan vote; yet to declare presidential run
Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he “will follow the instruction” of a sea goddess who has told him to run in Taiwan’s presidential election next year.
ABB names Voser as interim CEO after Spiesshofer quits
ABB Chairman Peter Voser has taken over as temporary chief executive at the Swiss engineering group, the company said on Wednesday, after CEO Ulrich Spiesshofer resigned.
Truck drivers see orders, miles fall in latest U.S. slowdown signal
At a truck stop in Ridgefield, New Jersey, driver Paul Richards reviews a notebook where he tracks miles driven and what he is hauling. His paycheck is down about 25 percent from the same period a year ago, and his weekly miles have dropped as well.
Foxconn’s Gou says will follow order of sea goddess to run for Taiwan presidency
Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will follow the order of a sea goddess who has told him to run in Taiwan’s 2020 presidential election, although he added he has not yet formally declared his intention to contest.
