GE aircraft leasing unit cancels 69 737 MAX orders
General Electric Co's aircraft leasing subsidiary canceled 69 orders for Boeing Co's grounded 737 MAX jets on Friday, as it evaluates its order book in the wake of the coronavirus pandemic.
General Electric Co's aircraft leasing subsidiary canceled 69 orders for Boeing Co's grounded 737 MAX jets on Friday, as it evaluates its order book in the wake of the coronavirus pandemic.
Commercial creditors need to support debt relief for the poorest countries and cannot just "free ride" on a suspension in debt payments by official bilateral creditors, World Bank President David Malpass said on Friday.
Weeks into Italy's coronavirus lockdown, thousands of Italian entrepreneurs have been given a bureaucratic shortcut to market.
Deutsche Bank investor Riebeck-Brauerei on Friday filed a motion seeking a vote to oust the lender's chairman Paul Achleitner at this year's annual general meeting, according to a document prepared by the activist shareholder's lawyer.
U.S. Secretary of State Mike Pompeo on Friday said China's role in the global coronavirus pandemic is likely to force countries to rethink their telecommunications infrastructure, including the adoption of China-based Huawei's 5G networks.
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AMC Entertainment Holdings Inc, the world's largest theater operator, said on Friday its current cash balance was enough to withstand a global suspension of operations until a partial reopening in July.
U.S. railroad operator Kansas City Southern withdrew its full-year earnings forecast on Friday on coronavirus concerns, but topped Wall Street estimates for quarterly profit as higher Mexico shipments boosted sales its chemicals and petroleum business.
Lenders UBS and HSBC have cut their combined stake in AMS to below 1% from the 15% they were forced to take after weak demand for the sensor maker's capital increase, a notification to the Swiss stock exchange showed.
Institutional investors in 15 major pharmaceutical companies have called on the drugmakers to set aside rivalries and short-term interests and cooperate on finding solutions to the coronavirus.
At least eight European hedge funds are launching portfolios betting on a recovery in corporate debt and emerging markets after the coronavirus pandemic triggered the biggest market rout in a generation.
Procter & Gamble Co beat Wall Street expectations for quarterly profit on Friday as consumers stockpiled on everything from diapers and detergent to toilet rolls amid sweeping lockdowns to curb the spread of the coronavirus.
Credit Suisse has received regulatory approval to take a majority stake in its Chinese investment banking joint venture, the bank said in a statement on Friday.
World stock markets made a super-charged sprint towards a second straight week of gains on Friday after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.