Markets

HONG KONG: The coronavirus epidemic has claimed its first big M&A deal, with Macau casino operator Melco Resorts & Entertainment pulling the plug on a stake purchase in Australia's Crown Resorts, citing a plunge in traveller numbers and casino closures. Macau, the world's biggest gambling hub, has ...

Tidjane Thiam is unlikely to quietly retire after his abrupt exit as chief executive of Credit Suisse , some of those who have worked with him predict.

Shares of Uber Technologies Inc rose on Friday after the ride-hailing company laid out an ambitious plan to be profitable by the end of 2020, a year ahead of its previous target as it tries to squash Wall Street doubts over its long-term viability.

BERLIN: The organisers of a major telecoms industry conference in Barcelona at the end of this month said on Friday it would still go ahead, as Ericsson of Sweden become the second major exhibitor to pull out due to the coronavirus outbreak. Telecoms industry group GSMA regretted Ericsson's ......

Sweden's digital minister stressed Ericsson's importance for jobs and technology in Europe on Friday after a U.S. official suggested the United States buy stakes in the telecoms gear maker or Finland's Nokia to counter Huawei's dominance in 5G.

Tidjane Thiam has quit as Credit Suisse chief executive after a spying scandal that has hit the reputation of Switzerland's second-biggest bank and shocked the country's financial community.

France is looking at ways to lure clearing in euro derivatives away from London to the European Union to lessen the risk of any forced "relocation" backfiring by driving business instead to the U.S., financial industry officials said.

Swedish telecoms equipment maker Ericsson will withdraw from an international telecoms conference in Barcelona this month because of the coronavirus outbreak, it said on Friday.

U.S. stock index futures retreated on Friday following a four-day run this week that lifted the Wall Street's main indexes to record highs, with attention turning to the crucial monthly jobs report.

AbbVie Inc on Friday forecast 2020 earnings above Wall Street estimates as the drugmaker expects growth to be powered by its new treatments for psoriasis and rheumatoid arthritis at a time when sales of its blockbuster drug Humira slow.