IAG CEO says coronavirus impact on air travel demand will be marginal
The chief executive of International Airlines Group (IAG) said he believes the overall impact of coronavirus on global air travel demand will be marginal.
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Wall Street rises on strong domestic data; Tesla limits Nasdaq's advance
Wall Street rallied for a third straight day on Wednesday after a clutch of positive data pointed to strength in the U.S. economy, but losses in...
Airline industry healthy enough to absorb significant downturn in China's economy: IAG CEO
The airline industry is "without question" healthy enough to absorb a significant downturn in China's economy, said Willie Walsh, chief executive of International Airlines Group, which...
Danske Bank beats fourth-quarter net profit expectations
Danske Bank beat fourth quarter net profit expectations on Wednesday and said it expects to earn a net profit of 8-10 billion Danish crowns in 2020.
U.S. trade deficit shrinks in 2019 for first time in six years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill,...
Adidas closes 'considerable' number of shops in China due to coronavirus
German sportswear company Adidas on Wednesday said it was closing a "considerable" number of its shops in China, where the fast-spreading coronavirus has killed nearly 500...
Teaching financial education in schools finally catches on
Twenty-one states now require a high school student to take personal finance course to graduate, up from 17 in 2018, according to a new report.
Tesla tumbles as coronavirus weighs on Shanghai factory
Shares of Tesla tumbled 19% on Wednesday, hitting the brakes on a dramatic rally after a senior executive warned the coronavirus outbreak in China would delay...
Imperial Brands warns of lower annual profit due to U.S. FDA ban
Tobacco group Imperial Brands said on Wednesday it expects full-year adjusted earnings to be slightly lower than last year due to a U.S. regulatory ban on...
Vodafone posts 0.8% third-quarter growth, driven by South Africa
Vodafone reported organic service revenue growth of 0.8% in the third quarter on Wednesday, an uptick from the second, helped by continued recovery in South Africa.
'Giga Texas?' Musk asks Twitter users to vote on new gigafactory
Elon Musk, the billionaire chief executive officer of Tesla Inc , went on Twitter to ask users if the electric carmaker should build a new gigafactory...
Wall Street rises for third session on private jobs data, virus treatment talks
U.S. stocks surged for a third straight day on Wednesday and the Nasdaq hit a new record high, helped by strong monthly domestic private jobs data...
Nasdaq proposes exclusive exchange trading for illiquid stocks
Nasdaq Inc asked regulators on Wednesday to allow issuers of thinly-traded stocks listed on its exchange to trade almost exclusively on Nasdaq, as part of a...
Cathay Pacific asks employees to take unpaid leave as virus hits demand
Hong Kong's Cathay Pacific Airways Ltd has asked all its 27,000 employees to take three weeks of unpaid leave in coming months as it battles a...
Oil prices jump 2% as virus vaccine reports spur hope
Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts...