Uber closing office in downtown Los Angeles
Uber Technologies Inc is closing its office in downtown Los Angeles, where the ride-hailing company employs customer support staff, to focus on its bigger locations.
Uber Technologies Inc is closing its office in downtown Los Angeles, where the ride-hailing company employs customer support staff, to focus on its bigger locations.
Oil prices gained 1% on Wednesday, with Brent rising a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more Venezuelan crude from the market.
Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional easing steps without hesitation if the coronavirus outbreak significantly threatened Japan's economy and price trends, the Sankei newspaper reported on Monday.
Australia's QBE Insurance Group said on Monday climate change could make some premiums unaffordable, especially for customers exposed to extreme weather events, and was a "material risk" for its operations across the globe.
Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some customers to turn a profit.
Asian shares reversed losses on Monday and moved back toward a three-week top as China's persistent efforts to cushion the blow from a coronavirus outbreak calmed nervous investors, although Japanese stocks faltered on growing recession risks.
Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional rapid easing if the coronavirus outbreak significantly threatened Japan's economy and price trends, the Sankei newspaper reported on Monday.
Dubai's DP World , one of the world's largest port operators, said on Monday it would delist and return to full state ownership in a deal valuing the company at $13.9 billion.
Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China was offset by expectations that output cuts from major producers will tighten crude supply.
General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business, costing the U.S. auto maker $1.1 billion.
French transport infrastructure company Alstom said on Monday it was in talks over a possible acquisition of the train business of Canadian company Bombardier , which could be worth $7 billion on an enterprise value basis.
NMC Health said on Monday its founder BR Shetty had resigned as the Emirati healthcare group's joint non-executive chairman, leaving UK businessman H.J. Mark Tompkins as sole chairman.
British bookmaker William Hill on Monday named cardboard maker DS Smith's Chief Financial Officer Adrian Marsh as its finance head.
Japan's economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China's coronavirus outbreak chills global activity.
Nearly half of the U.S. companies in China say their global operations are already seeing an impact from business shutdowns due to the coronavirus epidemic, according to a poll by Shanghai's American Chamber of Commerce (AmCham).