EasyJet warns of softening demand in wake of coronavirus
British budget airline easyJet warned on Friday it had seen a “significant” softening of demand into and out of its northern Italian bases and a reduction across its other European markets due to coronavirus.
Rolls-Royce reports $1.1 billion operating loss on Trent 1000
Aerospace engineer Rolls-Royce reported a 2019 operating loss of 852 million pounds ($1.11 billion), after the cost of tackling durability problems with its Trent 1000 engine eclipsed record engine deliveries and a good after-market performance.
London Stock Exchange on track to close Refinitiv deal as income jumps
The London Stock Exchange Group said on Friday it would complete its $27 billion takeover of analytics company Refinitiv on time this year as it reported higher-than-expected annual income, driven a jump in clearing activity.
Hyundai Motor halts work at factory after worker tests positive for coronavirus
Hyundai Motor shut down a factory in South Korea on Friday after a worker tested positive for the new coronavirus, disrupting production of popular models such as Palisade sport utility vehicle.
Uniqlo reopens more China stores, most partner factories restart
Fast Retailing , which operates casual clothing chain Uniqlo, said on Friday it had reopened more than 100 stores in China in the past week, while 125 remained closed due to the coronavirus outbreak.
UBS cuts Ermotti’s pay after French court blow, overhauls bonus scheme
UBS Chief Executive Sergio Ermotti cashed in less money in 2019 as the bank made pay concessions related to a French tax case and missed earnings goals during his last full year as CEO.
Lion Air puts $500 million IPO on hold as global equity markets tumble: sources
Indonesia’s Lion Air has deferred plans for an initial public offering (IPO) due to a sharp fall in global stock markets, people close to the matter said on Friday, as the spreading coronavirus sparks worries of a global pandemic.
World stocks set for worst weekly slump since 2008 as pandemic fears intensify
World share markets were headed for their worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and trigger a global recession.
Exclusive: Aluminum smelter resurrected on Trump tariffs may close as losses mount
A bankrupt aluminum smelter that re-opened in 2018, after U.S. President Donald Trump imposed tariffs on imported metals, is losing money at such a rapid clip that it could close within 60 days, the top executive at the Missouri plant said on Thursday….
Oil prices on track for biggest weekly decline in over four years
Oil prices plunged to their lowest in more than a year on Friday, putting them on track for the biggest weekly decline in more than four years, as the rapid spread of the coronavirus stoked fears of slowing global demand.
