February 6, 2020

Mitsubishi postpones SpaceJet delivery again, books $4.5 billion special loss

Japan’s Mitsubishi Heavy Industries said on Thursday it will book a 496.4 billion yen ($4.5 billion) special loss after its aircraft unit delayed the delivery of […]
February 6, 2020

China to halve tariffs on some U.S. imports as virus risks grow

China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that brought […]
February 6, 2020

Oil rises a second day in ‘relief rally’ over China coronavirus

Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China which […]
February 6, 2020

Sanofi eyes more EPS growth this year as it narrows focus

Sanofi said on Thursday its earnings per share were likely to rise by around 5% in 2020, weeks after it promised to focus on vaccines and […]
February 6, 2020

Norwegian Air’s January passenger income jumps

Norwegian Air cut its capacity by a bigger-than-expected 29% in January from a year earlier, removing unprofitable routes while boosting its income from remaining flights, its […]
February 6, 2020

Volvo Cars posts rise in fourth-quarter profit, helped by cost cuts and sales growth

Sweden’s Volvo Car Group, owned by China’s Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the […]
February 6, 2020

Huawei launches legal action against Verizon alleging unauthorized patent use

China’s Huawei Technologies Co Ltd has launched legal action against Verizon Communications Inc , alleging the U.S. carrier used 12 of its patents without authorization. Powered […]
February 6, 2020

China to halve tariffs on some U.S. imports

China said on Thursday it will halve additional tariffs levied against 1,717 products imported from the United States last year, following the signing of a Phase […]
February 6, 2020

Mitsubishi postpones first SpaceJet delivery for at least another year

Japan’s Mitsubishi Aircraft Corp said on Thursday it will delay the first delivery of its SpaceJet regional jet for at least another year until after March […]
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