UnitedHealth reports 22.2 percent rise in quarterly profit
U.S. health insurer UnitedHealth Group Inc on Tuesday reported a 22.2 percent rise in first-quarter profit, driven by strength in its main insurance business and Optum unit, which includes its pharmacy benefit management business.
Poland to hold off blanket ban on Huawei 5G gear due to cost concerns
Poland is unlikely to exclude all Huawei equipment from its next generation mobile networks, a government minister told Reuters, in part to avoid increased costs for mobile operators.
Stocks march on as European volatility vanishes
Stock markets inched higher on Tuesday as reassuring data about the health of China’s economy helped investors shrug off disappointing bank earnings in the United States, while volatility in European markets took another leg lower.
Rising fuel costs and seating surplus push Lufthansa into loss
Lufthansa reported an operating loss of 336 million euros ($380 million) for the first three months of the year, hurt by rising fuel costs and excess capacity in Europe, sending its shares down on Tuesday.
Oil slips to $71, hit by talk of higher OPEC+ production
Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts.
Ford’s China JV Changan eyes sales rebound at end-2019: president
China’s China Changan Automobile Group expects sales at its joint venture with Ford Motor Co to rebound at the end of this year as the U.S. automaker boosts its China product line, Changan’s president said on Tuesday.
Rolls-Royce sees double-digit sales growth in China this year: CEO
Luxury carmaker Rolls-Royce expects to achieve double-digit sales growth in China this year, although it will be lower than the 40 percent rate it saw in 2018, its chief executive said on Tuesday.
Jet Airways management proposes to halt all operations: ET Now
The management of India’s Jet Airways has proposed to suspend all operations of the debt-laden airline at its board meeting, ET Now reported on Tuesday quoting sources.
Asia stocks cling to nine-month high on China hopes, Wall Street dented by earnings
Asian stocks ticked up on Tuesday, staying near a nine-month high as hopes of stabilization in the Chinese economy helped investors shrug off Wall Street’s underperformance that followed disappointing bank earnings.
Lufthansa reports loss as fuel costs rise and overcapacity weighs
Lufthansa reported an operating loss of 336 million euros ($380 million) for the first three months of the year, hurt by rising fuel costs and overcapacity in Europe, sending its shares down 5 percent in pre-market trade.
