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Business:



Apple, Boeing lift Wall Street ahead of Fed decision

U.S. stock indexes rose on Wednesday, boosted by shares of Apple, Boeing and General Electric following their results, while investors assessed the economic damage of the fast-spreading coronavirus outbreak.

Posted on 29 January 2020 | 1:14 pm

Trump signs USMCA, 'ending the NAFTA nightmare'; key Democrats not invited

President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests - but not the key Democrats who helped secure congressional passage of the deal.

Posted on 29 January 2020 | 1:13 pm

Argentina needs policy clarity to reinvigorate economy: IMF

Greater certainty around Argentina's public policies could help reactivate growth and investments in the recession-hit South American country, the International Monetary Fund said on Wednesday.

Posted on 29 January 2020 | 1:05 pm

Mediobanca CEO expects second-tier banks to look at M&A in 2020

Second-tier banks in Italy, Spain and possibly Germany are likely to consider mergers this year in a bid to boost returns which are insufficient to cover their cost of equity, the chief executive of investment bank Mediobanca said.

Posted on 29 January 2020 | 1:03 pm

L Brands CEO in talks to step aside and sell Victoria's Secret: WSJ

Victoria's Secret-owner L Brands Chief Executive Officer Leslie Wexner is in talks to step aside from the role and is exploring strategic alternatives for the lingerie brand, the Wall Street Journal reported on Wednesday.

Posted on 29 January 2020 | 1:02 pm

Exclusive: Do or die - Nissan takes the axe to the house Ghosn built

Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said.

Posted on 29 January 2020 | 1:00 pm

Pompeo to Britain: Look again at Huawei 5G decision

The United States on Wednesday urged Britain to rethink its decision to allow China's Huawei a role in 5G networks, cautioning that American information would only be allowed to pass across trusted networks.

Posted on 29 January 2020 | 12:58 pm

Ford's Lincoln to partner with Rivian to make electric vehicles

Ford Motor Co owned Lincoln Motor on Wednesday confirmed its plans to make battery-powered electric vehicles in partnership with Ford-backed startup Rivian.

Posted on 29 January 2020 | 12:57 pm

Boeing swings to annual loss as 737 MAX costs near $19 billion

Boeing Co on Wednesday swung to its first annual loss since 1997 as 737 MAX costs approach $19 billion and indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.

Posted on 29 January 2020 | 12:32 pm

U.S. banks on Hong Kong Exchange's 'named and shamed' list

Wall Street investment banks JPMorgan and Morgan Stanley have been placed on the Hong Kong Stock Exchange's "named and shamed" list after the $300 million initial public offering (IPO) of Chinese biotech company Akeso Inc. was sent back for not meeting the correct regulatory requirements.

Posted on 29 January 2020 | 12:26 pm