March 27, 2019

China’s ZTE Corp lost $1 billion in 2018, despite last quarter rebound

China’s ZTE Corp made a net profit of 276 million yuan in the fourth-quarter as it recovered from costly U.S. sanctions which dragged it to an […]
March 27, 2019

Futures edge lower as growth worries linger

U.S. stock index futures edged lower on Wednesday, as investors continued to be gripped by global growth fears and an inverted yield curve that weighed on […]
March 27, 2019

Ford to exit Russian passenger car market, cede control in JV

Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, it […]
March 27, 2019

Nissan committee says facts point to private use of company funds by Ghosn

An external committee tasked with improving governance at Nissan Motor Co said on Wednesday there were sufficient facts to suspect violations of laws and the private […]
March 27, 2019

Swedbank may have misled U.S. over client links to Panama Papers: Swedish TV

Swedbank may have withheld information from U.S. authorities over suspicious financial transactions, Swedish Television said on Wednesday, adding to pressure on the bank which is under […]
March 27, 2019

Swedbank says authorities searched headquarters

Swedbank confirmed on Wednesday that the Swedish Economic Crime Authority had searched its Stockholm headquarters but said no one had been informed they were suspected of […]
March 27, 2019

Southwest trims first quarter outlook after 737 Max groundings

Southwest Airlines Co on Wednesday was the first major airline formally to cut its financial outlook in the wake of the recent groundings of Boeing 737 […]
March 27, 2019

Wells Fargo’s corporate bank struggles to regain footing

Wells Fargo & Co’s corporate bank has a revenue problem. Powered by WPeMatico
March 27, 2019

Health insurer Centene to buy smaller rival WellCare for $15.27 billion

U.S. health insurer Centene Corp confirmed on Wednesday that it would buy WellCare Health Plans Inc in a cash-and-stock deal to bulk up its government-backed healthcare […]
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