Coronavirus brings jet refinancing boost: Avolon CEO
Major aircraft lessor Avolon and its peers stand to benefit from the coronavirus outbreak as airlines shore up cash by refinancing their planes, the Dublin-based firm said on Wednesday.
Gucci owner Kering halts spending in China on virus fears
Gucci-owner Kering has temporarily shut half of its stores in China, and shelved new openings and advertising campaigns there, as the coronavirus outbreak throws luxury brands into turmoil.
U.S. stores, online sales boost Ahold’s quarterly profit
Food retailer Ahold Delhaize met forecasts with a 3% rise in fourth-quarter core earnings on Wednesday helped by its Food Lion and Hannaford U.S. grocery chains and strong online sales.
Heineken sees more profit growth in final year for long-serving CEO
Heineken , the world’s second largest brewer, forecast lower barley and aluminum costs would help to boost profits this year, when its long-serving chief executive will step down.
Nissan may report first quarterly loss since March 2009: sources
Nissan Motor Co may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn’s ouster.
Exclusive: Thyssenkrupp/Kone deal will trigger litigation war – Schindler
Switzerland’s Schindler will embark on an all-out legal antitrust offensive if Thyssenkrupp selects Finland’s Kone as the buyer of its elevator division, board member Alfred Schindler told Reuters.
JPMorgan appoints new heads of Australia and NZ investment banking
JPMorgan Chase & Co appointed Jabe Jerram and Simon Ranson as co-heads of investment banking (IB) for Australia and New Zealand, according to an internal memo seen by Reuters and confirmed by a spokesman in Sydney.
Sainsbury’s Bank chairman Davis to step down
British supermarket group Sainsbury’s said on Wednesday that Roger Davis, chairman of its poorly performing banking division, will step down.
Oil jumps as fall in new China coronavirus cases eases fuel demand concerns
Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover from the epidemic.
U.S. stores help Ahold to 3% quarterly profit rise
Food retailer Ahold Delhaize reported a 3% rise in fourth-quarter core earnings on Wednesday helped by its Food Lion and Hannaford U.S. grocery chains.
