U.S. companies' profit growth forecasts for the next five years are still intact, according to Refinitiv data, suggesting that the impact inflicted on companies by the coronavirus pandemic is likely to be more fleeting than that in previous crises.
Thousands of British Airways staff will be sent letters telling them they have lost their jobs on Friday, as the airline pushes ahead with a plan to cut employee numbers by 29per cent in the face of bitter opposition from unions.
The head of the U.S. Postal Service (USPS) on Friday said the agency faces a "dire" financial position even as it posted a slightly narrower third-quarter loss amid soaring package demand during the coronavirus pandemic.
As Tencent assesses how its business might be impacted by a U.S. decision to ban its messenger app WeChat in the country, American companies in China may become unintended casualties due to their heavy reliance on the app, experts said.
US employment growth slowed considerably in July amid a resurgence in new COVID-19 infections, offering the clearest evidence yet that the economy's recovery from the recession caused by the pandemic was faltering.
The S&P 500 was set to pull back from near six-month highs on Friday as data showed a sharp slowdown in U.S. employment growth and President Donald Trump cranked up friction with Beijing with moves to ban WeChat and TikTok.
Pfizer Inc said on Friday it signed a multi-year agreement with Gilead Sciences Inc to manufacture and supply the company's antiviral drug remdesivir for COVID-19 patients.
A US ban on the WeChat messaging platform could cut lines of communication between friends in China and America and force people to switch to a replacement, social media users said on Friday.
SINGAPORE: Finance companies incorporated in Singapore have been urged to cap their dividends, said the Monetary Authority of Singapore (MAS) on Friday (Aug 7), following a similar advice for local banks last week. The central bank urged finance companies to cap their total dividends per share ...
Japan has agreed to acquire 120 million doses of AstraZeneca Plc's experimental COVID-19 vaccine if it is successfully developed, the health minister said on Friday.
