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Markets

Rolls-Royce says new UltraFan engine future-proof despite pandemic

Rolls-Royce is pushing ahead with its new greener engine UltraFan for now, confident that airlines will need it in the post-pandemic recovery even as new technologies catch up, the head of the project told Reuters.

Markets

S&P, Dow slide after Boeing results; Nasdaq fall cushioned by Microsoft

The S&P 500 and the Dow fell sharply on Wednesday after planemaker Boeing reported a record annual loss, while declines on the Nasdaq were offset by upbeat results from Microsoft.

Markets

Police dismantle world’s ‘most dangerous’ criminal hacking network

International law enforcement agencies said on Wednesday they had dismantled a criminal hacking scheme used to steal billions of dollars from businesses and private citizens worldwide.

Markets

Chinese smartphone brands expanded India market share in 2020 – report

Chinese smartphone brands increased their market share in India in 2020, a year marked by deadly border clashes between the Asian neighbours and backlash against Chinese firms in India, research firm Counterpoint said on Wednesday.

Markets

Wall St. opens lower with earnings underway, eyes on Fed

U.S. stock indexes opened lower on Wednesday as investors parsed through earnings reports from companies including Boeing and Microsoft, ahead of the Federal Reserve's policy statement later in the day.

Markets

Navistar to collaborate with GM, others on hydrogen fuel-cell commercial trucks

DETROIT: Truck maker Navistar International Corp said on Wednesday it will collaborate with U.S. automaker General Motors Co and others to develop a hydrogen fuel-cell powered commercial truck and supporting fueling network. Navistar is one of several companies globally, including Tesla Inc ...

Markets

BlackRock CEO says bullish on outlook for green investment

Larry Fink, chief executive of the world’s largest asset manager BlackRock, said he was bullish about long-term investment with a focus on climate change.

Markets

China’s Ant Group plans revamp amid regulator pressure: Report

China's Ant Group Co Ltd is planning to refashion itself as a financial holding company under the supervision of China's central bank in the face of regulatory pressure, the Wall Street Journal reported on Wednesday.

Markets

Coty to consolidate fragrance manufacturing operations, close Cologne factory

Coty Inc said on Wednesday it would close its manufacturing site in Cologne, Germany as a part of its efforts to consolidate its fragrance manufacturing operations.

Markets

JPMorgan to launch UK consumer bank within months

JPMorgan Chase & Co will launch a digital consumer bank in Britain under its Chase brand within months, the U.S. banking giant said on Wednesday.

Markets

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