HONG KONG: Hong Kong Airlines said on Friday (Feb 7) it has been forced to slash hundreds of jobs and ask remaining staff to take unpaid leave as the coronavirus outbreak compounds problems at the already-struggling firm. The announcement by the city's number two carrier comes days after Cathay ...
Japanese telco SoftBank Corp on Friday reported a 15per cent rise in third-quarter operating profit, beating estimates, underpinned by its mobile business.
Honda Motor Co raised its forecast for full-year operating profit by 6per cent on Friday, with a weaker yen increasing the value of its overseas sales.
Burberry said on Friday the outbreak of coronavirus in China was hurting luxury demand in the mainland and Hong Kong, both important markets for the British brand.
U.S. interest in buying a stake in Ericsson would be positive for the company, but any deal would have to be at a far higher price level than today's valuation, major Ericsson owner and activist investor Cevian Capital said on Friday.
Fiat Chrysler has reached a settlement with Italian tax authorities over the valuing of its U.S. Chrysler business involving no cash payment or penalty, the group's chief financial officer said.
Deutsche Telekom has told supplier Nokia it must improve its products and service to win business installing the German group's 5G wireless networks in Europe, according to internal documents and a source with direct knowledge of the matter.
SINGAPORE: The outbreak of a novel coronavirus has thrown up new uncertainties for businesses in Singapore, which already have to cope with a sharp slowdown in the domestic economy last year and global risks such as the US-China trade war. Enterprise Singapore (ESG) said its “immediate priority is ......
Honda Motor Co raised its forecast for full-year operating profit by 6per cent on Friday, with a weaker yen increasing the value of its overseas sales.
Hong Kong Airlines will slash 400 jobs as the coronavirus outbreak adds to financial troubles for the carrier, the South China Morning Post reported on Friday, citing two sources familiar with the plan.
