Federal Reserve Chair Jerome Powell is likely to sound fairly upbeat about the outlook for U.S. economic growth when he testifies this week in the first of his twice-a-year updates to Congress, even as he nods to the potential threat from the coronavirus in China.
Malaysian airlines could be barred from introducing new routes in China, South Korea and Japan after the U.S. Federal Aviation Administration (FAA) downgraded the country's air safety rating late last year, Malaysia's aviation regulator said on Tuesday.
Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold.
Daimler cut its dividend on Tuesday to 0.90 euros ($0.98) a share after 2019 earnings more than halved, weighed down by restructuring and legal charges in what amounts to the third profit warning for new Chief Executive Ola Kaellenius.
Britain's competition watchdog said on Tuesday a takeover of sports retailer Footasylum by larger rival JD Sports could leave shoppers worse off, and a sale of the business might be the only way to protect consumer interests.
GKSD Investment Holding on Tuesday confirmed it was in the preliminary stages of considering an offer for NMC Health , a day after the healthcare group revealed two approaches from private equity groups.
British retailer Marks and Spencer said on Tuesday it had appointed Eoin Tonge as its new chief financial officer, taking over from interim CFO David Surdeau in June.
Shops, restaurants and cinemas may be deserted in many parts of virus-plagued China, but online trading forums, internet roadshows and analyst calls are teeming with investors who have driven up stock trading volumes to nine-month highs.
European travel company TUI said strong demand for holidays would help offset the impact of the grounding of the Boeing 737 MAX aircraft on its annual profit, enabling it to lift the bottom end of annual earnings guidance.
Lloyd's of London said on Tuesday that former Virgin Money boss Jayne-Anne Gadhia would be part of a committee to "drive long-term culture change" in the world's oldest insurance market.
GKSD Investment Holding confirmed on Tuesday that it could make an offer to buy NMC Health , a day after the London-listed healthcare group revealed approaches from two private equity groups.
German wholesaler Metro on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division's stores, according to a staff letter by Metro CEO Olaf Koch that was seen by Reuters.
Mercedes-Benz has re-started production of luxury passenger cars in Beijing this week, Ola Kaellenius, Chief Executive of parent company Daimler , said on Tuesday.
Airbus SE is confident of selling more than 1,000 A321XLR aircraft, a longer-range version of the single-aisle A321neo jetliner, over the next 10 years, a senior executive at the manufacturer said on Tuesday.
Shares in French tire maker Michelin fell on Tuesday after the company forecast a slightly lower operating income for 2020 and flagged uncertainty to its business from the coronavirus crisis in China.