Markets

Campbell Soup Co on Wednesday raised its fiscal full-year earnings forecast and posted better-than-expected quarterly profit and sales due to strong demand for soups and snacks, and its shares rose 5per cent in early trade.

FRANKFURT: Lufthansa will ground 150 aircraft out of its total fleet of around 770 due to COVID-19, the German airline said on Wednesday (Mar 4), confirming what company sources had told Reuters earlier. "We are dynamically adjusting our plans to reflect extraordinary circumstances," a Lufthansa ...

REUTERS: Skyworks Solutions Inc, a chip supplier to Apple Inc's iPhones, said on Wednesday the coronavirus has not significantly disrupted its manufacturing operations, sending its shares up 3per cent. The chipmaker, however, cut its second-quarter revenue forecast, saying interruptions in global ...

France's high court has granted an Uber driver's request to reclassify his contractual relationship with the ride-hailing operator as an employment contract, it said on Wednesday.

Will the world's big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They're certainly going to try.

General Electric Co on Wednesday reiterated its 2020 cash and profit targets but warned its first-quarter cash flow would take a hit of US$300 million to US$500 million due to the coronavirus outbreak.

U.S. stock markets looked set to cheer a strong showing for Joe Biden in the Super Tuesday Democratic primaries on Wednesday, with Dow and S&P index futures rebounding around 2per cent from heavy losses a day earlier.

Huawei will build a factory in France regardless of the government's decision on whether to use its equipment in a new 5G network, an executive at the Chinese telecoms giant said.

A report by the Federal Reserve released on Wednesday will provide the first snapshot from the central bank's business contacts on how deeply the coronavirus is impacting their supply chains and economic outlook and may provide some insight into the urgency that caused policymakers to cut interest ...

Two former top staffers at the U.S. Federal Reserve have joined in urging the Fed to say explicitly what it will do if interest rates hit zero again, and warned that even with the best laid plan the central bank "might simply run out of...firepower," if a downturn is...