Walmart’s Mexico unit blames government cash aid, as revenue rise slowest in three quarters
Walmart de Mexico , Mexico’s biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme.
Walmart’s Mexico unit blames government cash aid, as revenue rise slowest in 3 quarters
Walmart de Mexico , Mexico’s biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme.
Shares step back as hopes of early end to coronavirus fade
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices extended gains on hopes of more production cuts.
Chinese economy clobbered by coronavirus but set to recover soon: Reuters poll
The coronavirus-hit Chinese economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists who said the downturn will be short-lived if the outbreak is contained.
Five things to look out for in HSBC’s new strategy
HSBC on Tuesday reports 2019 results and will set out its new strategy, where interim Chief Executive Noel Quinn will audition for the permanent role by announcing major restructuring efforts. Here are five key things to look out for:
Royal Caribbean cancels 18 cruises, warns coronavirus hit to yearly profit
Royal Caribbean Cruises Ltd on Thursday said it had canceled 18 cruises in Southeast Asia and joined larger rival Carnival Corp in warning that its full-year earnings would be hit by the coronavirus outbreak.
Emerson says will not pursue a break-up following internal review
Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year into whether to separate its industrial automation operations from its air-conditioning business.
Judge OKs Philly refiner’s bankruptcy plan, sale to property developer: documents
The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending months of uncertainty over whether the idled plant would be restarted, court filings show.
U.S. accuses Huawei of stealing trade secrets, assisting Iran
U.S. prosecutors on Thursday accused Huawei of stealing trade secrets and helping Iran track protesters in its latest indictment against the Chinese company, escalating the U.S. battle with the world’s largest telecommunications equipment maker.
Judge grants Amazon motion for pause in Microsoft’s Pentagon contract work
A U.S. judge on Thursday granted Amazon.com Inc’s request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal that Amazon says reflected undue influence by President Don…
