General Motors will begin laying off around 1,500 employees in Thailand in June, after announcing the sale of its production plants in the country, a government official said on Wednesday.
European shares rose on Wednesday, supported by a weaker euro, while a decline in the number of new coronavirus cases raised hopes that the impact of the epidemic on the global supply chain would be short-lived.
Vodafone and Telekom Italia have offered to allow rivals access to sites in some cities for up to nine years, a proposal aimed at allaying EU antitrust concerns over the creation of Italy’s largest mobile tower company, according to an EU document seen by Reuters.
Metro Bank on Wednesday named interim Chief Executive Dan Frumkin to the role permanently, tasking him with leading the British lender past an accounting scandal that plunged it into crisis last year.
Shares in Shanghai ended a three-day winning streak on Wednesday as worries persisted over
the spreading coronavirus epidemic, which has claimed more than 2,000 lives and weighed on business activity in the country.
SoftBank Group Corp said on Wednesday it plans to borrow up to 500 billion yen ($4.5 billion) from 16 domestic and foreign financial institutions using part of its stake in telco SoftBank Corp as collateral.
Shanghai has compiled a list of firms, including local units of multi-nationals Unilever PLC and 3M Co, as eligible for millions of dollars in subsidised loans to ease any blow from the coronavirus outbreak, according to bankers and documents seen by Reuters.
South African mining company Sibanye-Stillwater reported a near 80% surge in full year earnings on Wednesday following a rebound in the second half on the back of rising precious metals prices and the inclusion of its Marikana operations.
Eight years on from claiming a stunning high bar gold for the Netherlands at the London Olympics, gymnast Epke Zonderland is yet to breathe easy as he plots his way across a qualifying tightrope to Tokyo.
Swiss pumpmaker Sulzer said on Wednesday it expected the coronavirus outbreak to hit orders and revenue in China during the first half of 2020 before a recovery in the second half of the year.
(RTTNews) - RPS Group plc (RPS.L) reported Wednesday that its statutory profit before tax for fiscal 2019 fell to 4.84 million pounds from 40.98 million pounds in the previous year. Loss per share for the year was 0.54 pence, compared to earnings of 13.23 pence in the prior year
Odey Asset Management will vote in favour of any bid for Sirius Minerals from Anglo American at 7 pence per share or above, the London-based investment firm said in a statement on Wednesday.
German chemicals maker Covestro forecast lower first quarter and 2020 core profits on Wednesday after slightly missing fourth-quarter revenue expectations, citing stiff competition and low prices for its key products.
Food services firm Bid Corporation Ltd (Bidcorp) reported a 4% rise in half-year headline earnings on Wednesday, as strong performance of its businesses in Europe and New Zealand outweighed weaker operations elsewhere.
(RTTNews) - Shares of Koppers Holdings Inc. (KOP), a provider of carbon compounds, chemicals, and treated wood products, tanked $6.33 or 18.33% on Tuesday before closing at $28.21. Koppers' preliminary fourth-quarter results were announced yesterday with lower-than estimated ear
Turkish businessman and philanthropist Osman Kavala has been re-arrested and taken to police headquarters in Istanbul, state media reported on Wednesday, hours after being acquitted over his alleged role in landmark protests in 2013.
President Donald Trump said the United States and India were working on a major trade deal, but he was not sure if it would be completed before the U.S. presidential election in November.
Under Armour’s (NYSE: UA) success over the years has been driven primarily by the company’s business outside North America. Although North America is Under Armour’s biggest segment, growth in this region has slowed down in the last couple of years due to the restructuri
Gap Inc. (NYSE: GPS) has achieved steady growth over 2015-2018 (ending January), with the company’s revenue increasing by 5% and expenses following a similar trend resulting in stable profits for the company. However, the apparel company’s revenues should have shrunk for f
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