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Hugo Boss sees coronavirus hit to sales spreading from Asia

Reuters Business News - Thu, 03/05/2020 - 08:04
German fashion house Hugo Boss warned on Thursday that the coronavirus will have a significant impact on its first-quarter results, with sales falling particularly in Asia, but also in other key markets.
Categories: Reuters

Europe stocks, U.S. futures sink as coronavirus quashes rebound

Reuters Business News - Thu, 03/05/2020 - 08:03
European shares fell again on Thursday, taking their cue from U.S. equity futures, which implied a lower open for Wall Street as cases of the coronavirus surged in the U.S.
Categories: Reuters

UK ready to support regional airports after Flybe collapse: minister

Reuters Business News - Thu, 03/05/2020 - 07:46
Britain "stands ready" to support regional airports after the collapse of airline Flybe on Thursday, Kelly Tolhurst, a junior minister with responsibility for aviation, told parliament.
Categories: Reuters

ProSieben's $500 million dating bet a turn-off for investors

Reuters Business News - Thu, 03/05/2020 - 07:44
ProSiebenSat.1 Media has staked a $500 million bet on romance by buying U.S. dating app developer Meet Group Inc , but the deal was a turn-off for investors who sent the German broadcaster's shares down as much as 10% to a decade low.
Categories: Reuters

PetroChina suspends some gas contracts as coronavirus hits demand: sources

Reuters Business News - Thu, 03/05/2020 - 07:41
PetroChina has suspended some natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, as a seasonal plunge in demand adds to the impact on consumption from the coronavirus outbreak.
Categories: Reuters

Facebook closes Seattle office after contractor catches coronavirus

Reuters Business News - Thu, 03/05/2020 - 07:38
Facebook Inc said on Thursday a contractor at its Seattle office has been diagnosed with the coronavirus and that it would shut the location through March 9.
Categories: Reuters

Oil falls, OPEC seeks Russian backing for deeper supply cuts

Reuters Business News - Thu, 03/05/2020 - 06:55
Oil fell on Thursday as worries intensified over the fast-spreading coronavirus outbreak and OPEC ministers met in Vienna to seek Russian backing for deeper output cuts to bolster prices.
Categories: Reuters

OPEC seen backing big oil output cut, but awaits Russian support

Reuters Business News - Thu, 03/05/2020 - 06:42
OPEC ministers are expected to approve on Thursday the outlines of a deal for a significant cut in oil production to shore up prices hammered by the coronavirus outbreak but they are still waiting for Russia to indicate whether it will back such a move.
Categories: Reuters

South Korean e-commerce firm Coupang stretched by order surge as coronavirus cases jump

Reuters Business News - Thu, 03/05/2020 - 06:35
As South Korea's coronavirus cases leapt above 5,000 this week, mask-wearing workers at a logistics center run by e-commerce firm Coupang Corp raced to disinfect trucks and load thousands of boxes of microwavable rice, disposable diapers and kitchen towels.
Categories: Reuters

Coronavirus douses stocks rally; Europe, U.S. futures lower

Reuters Business News - Thu, 03/05/2020 - 05:51
European shares fell again on Thursday, taking their cue from U.S. equity futures, which implied a lower open for Wall Street as cases of the coronavirus surged in the U.S.
Categories: Reuters

ProSieben's $500 mln dating bet a turn-off for investors

Reuters Business News - Thu, 03/05/2020 - 05:37
ProSiebenSat.1 Media has staked a $500 million bet on romance by buying dating U.S. app developer Meet Group Inc , but the deal proved to be a turn-off for investors who sent the German broadcaster's shares down 10% to a decade low.
Categories: Reuters

Exclusive: China's top gas importer PetroChina declares force majeure on imports - sources

Reuters Business News - Thu, 03/05/2020 - 05:35
China's top gas importer PetroChina has declared force majeure on natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, following the coronavirus outbreak, four industry sources told Reuters.
Categories: Reuters

Finnair steps up efforts to be carbon neutral by 2045

Reuters Business News - Thu, 03/05/2020 - 05:28
Finnair said on Thursday it had stepped up its efforts to achieve carbon neutrality by 2045 through a range of measures and would begin by halving its net emissions by 2025 from their 2019 level.
Categories: Reuters

Record profit lifts Aviva shares, pays out on coronavirus claims

Reuters Business News - Thu, 03/05/2020 - 05:06
Aviva shares jumped on Thursday as the life and general insurer posted a record profit in its first year under chief executive Maurice Tulloch, although he said coronavirus added uncertainty to the outlook.
Categories: Reuters

India plans to airlift components from China to help local tech industry: sources

Reuters Business News - Thu, 03/05/2020 - 04:59
India is planning to backstop its growing electronics sector by arranging to airlift components from China, three government officials said, as it tries to contain the fallout from the coronavirus crisis in China.
Categories: Reuters

Britain's John Lewis launches strategy review after profit slide

Reuters Business News - Thu, 03/05/2020 - 04:40
British employee-owned retailer, the John Lewis Partnership, has launched a strategic review of its business after reporting a 23% fall in annual profit, a third straight decline, primarily reflecting a dire performance from its department stores arm.
Categories: Reuters

Finland's Nokia announces 5G partnership with Intel

Reuters Business News - Thu, 03/05/2020 - 04:31
Finland's Nokia Oyj has entered into partnership with Intel to accelerate its so-far sluggish shift to 5G, the company said on Thursday, a day after announcing a similar deal with Marvell Technology .
Categories: Reuters

Asian shares grind higher, virus risks block the way

Reuters Business News - Thu, 03/05/2020 - 04:22
Asian shares rallied for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
Categories: Reuters

Fund managers change tack as Fed reacts to virus

Reuters Business News - Thu, 03/05/2020 - 04:21
Fund managers are changing their allocations after the U.S. Federal Reserve stunned investors with a half-point rate cut this week to contain the economic fallout from the coronavirus epidemic.
Categories: Reuters

UBS hardens energy lending as 'sustainable' investments rise

Reuters Business News - Thu, 03/05/2020 - 04:15
Switzerland's UBS said the value of its 'sustainable' investments rose by more than 50% to nearly $500 billion in 2019, while lending to the energy and utilities sectors fell by 40% as it tightened its rules.
Categories: Reuters
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