Last week, you might have seen that Chevron Corporation (NYSE:CVX) released its annual result to the market. The early… …read more […]
Wizz Air’s largest shareholder, U.S.-based private equity firm Indigo Partners, carried out a long-time plan to cut its stake in the company as the Budapest-based low-cost airline works to comply with European Union ownership rules.
Britain will ban the sale of new petrol, diesel and hybrid cars from 2035, five years earlier than planned, in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine.
China’s civil aviation authority has urged domestic carriers to continue flying international routes as they consider cuts in response to a drop in demand due to the coronavirus outbreak, state news agency Xinhua reported on Tuesday.
Hong Kong’s Cathay Pacific Airways Ltd plans to cut around 30% of its capacity over the next two months, including around 90% of its flights to mainland China, as it grapples with the coronavirus epidemic, its CEO said on Tuesday.
The outbreak of the coronavirus in China has got a grip on the market, too. This is only to be expected; with almost $60 million people under lockdown as well as an international effort in place to develop a vaccine and arrest the virus’ spread, the effect was going to be felt by several sectors.Travel companies, aviation and retailers are among the industries heavily affected, so far. Feeling the force of the outbreak most pertinently, though, is the energy sector. Since the outbreak was announced on January 17, crude oil prices have dropped by 14%, while the SPDR S&P Oil …read more […]
Hong Kong’s Cathay Pacific Airways Ltd plans to cut 30% of its global capacity over the short-term, including 90% of capacity to mainland China as it grapples with a sharp fall in demand due to the coronovirus epidemic, its CEO said on Tuesday.
Oil prices clawed back ground on Tuesday amid hopes for new output curbs from OPEC and its allies to offset any potential drop in demand triggered by the coronavirus outbreak.
BP raised its dividend and said it had completed a $1.5 billion share buyback program in a sign of confidence in its growing oil and gas business on the last day in office for Chief Executive Bob Dudley.
Empty Chinese streets and karaoke bars will hit short-term sales in Carlsberg’s biggest market, but the Danish brewer said on Tuesday it was not changing its forecast or strategy for China as a result of the coronavirus outbreak.
Mitsubishi UFJ Financial Group Inc (MUFG) , Japan’s largest lender by assets, reported a net loss in the third quarter, for the first time in nearly a decade, as its banking unit booked a one-off charge on an Indonesian subsidiary.
Hyundai Motor said it will suspend production in South Korea due to the coronavirus outbreak disrupting parts supply, becoming the first major automaker to do so outside of China.
Chinese policymakers are readying measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth, policy sources said.
Sony Corp raised its annual profit outlook on strong sales of smartphone image sensors after reporting a smaller-than-expected decline in quarterly profit, but it warned of an impact from the Wuhan coronavirus on its global supply chain.
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves over the spreading outbreak, though sentiment remained fragile with oil near 13-month lows.
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