Oil prices turn positive, shrugging off bearish news
Oil prices rose on Thursday as U.S. markets opened, shrugging off bearish OPEC and IEA reports which cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world’s biggest oil importer.
Competition heats up in turboprop market
Competition is cranking up in the world of turboprops.
Italian fashion brands Liu Jo and Blumarine aim for IPO within two years
The holding company of Italian fashion brands Liu Jo and Blumarine aims to list on the stock market within two years, chief executive and founder Marco Marchi said on Thursday.
Tesla seeks to tap into stock surge with $2 billion share sale
Tesla Inc on Thursday announced plans to raise $2 billion in a stock offering, tapping into an astronomical jump in its share price over the past few months and reversing the electric-car maker’s often-stated policy of avoiding sales of new stock.
Plant building business auction shows promise: Thyssenkrupp CFO
Thyssenkrupp is seeing good initial feedback from potential suitors for its Plant Technology unit, its finance chief said, as the auction for the business is about to kick off officially.
American Airlines selects Seattle for first direct U.S. flight to Bangalore
American Airlines Group Inc said on Thursday it would launch its first direct U.S. flight to Bangalore from Seattle, a new route meant to meet corporate customers’ demand for travel to the center of India’s high-tech industry.
Kraft Heinz takes $666 million charge, misses sales expectations
Kraft Heinz Co on Thursday missed quarterly sales estimates, forecast lower full-year core earnings, and wrote down the value of some businesses – including coffee brand Maxwell House – by $666 million.
Apple to reopen some stores in Beijing on February 14: website
Apple will reopen some stores in Beijing from Feb. 14 with reduced opening hours, it said on its website, while many of its other stores in mainland China will remain shut as the country continues to battle a coronavirus outbreak.
Ousted Credit Suisse CEO Thiam to collect up to $30 million: sources
Credit Suisse Chief Executive Tidjane Thiam, ousted over a spying scandal, stands to collect as much as 30 million Swiss francs ($30 million) after resigning this month, two people familiar with the matter said.
Jump in coronavirus cases yanks stocks rally into reverse
A sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday, as traders halted the rally in stocks and retreated to the safety of government bonds and gold.
