Markets

Norwegian Air cut its capacity by a bigger-than-expected 29per cent in January from a year earlier, removing unprofitable routes while boosting its income from remaining flights, its traffic data showed on Wednesday.

French energy major Total said on Thursday that its net adjusted profit for the fourth quarter of 2019 was steady at US$3.2 billion compared with the same period a year ago, supported by strong cash flow, despite low oil prices.

Sanofi on Thursday said it was expecting earnings per share to grow around 5 percent at constant exchange rates in 2020, weeks after pledging to focus on vaccines and key treatments like its eczema medicine Dupixent until 2022.

Finnish telecom network equipment maker Nokia reported on Thursday a surprising rise in October-December underlying profits, driven by cost cuts.

Italy's biggest bank by assets UniCredit took a further step on Wednesday in a strategy to streamline its structure, announcing the placement of a 12per cent stake in Turkish bank Yapi Kredi .

Japan's Mitsubishi Aircraft Corp said on Thursday it will delay the first delivery of its SpaceJet regional jet for at least another year until after March 2021.

South Korea's Kia Motors is discussing with Tamil Nadu the possibility of moving a US$1.1 billion plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters.

Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2per cent due to a slightly weaker yen.

THE Monetary Authority of Singapore (MAS) and the US Treasury, in a joint statement on Thursday, supported the case for cross-border data transfer by financial services firms without the need for data localisation, as long as financial regulators have access to data needed for regulatory and supervisory purposes....

Fears of an economic slowdown, fuelled by the coronavirus slashing output in China, has shone the spotlight on OPEC, whose oil is heavily bought by the world's second-biggest economy.