Austrian fibres producer Lenzing on Thursday reported a 22% slump in 2019 profit due to a drop in prices and lower standard fibre volumes and said it expects its 2020 results to fall further.
Saudi Arabia has extended flight and travel bans over coronavirus fears to include the European Union and 12 other countries after announcing 24 new cases overnight to bring its total to 45, state media reported on Thursday.
Australia's Santos Ltd said on Thursday it will sell 25% of the Darwin LNG facility and the Bayu-Undan gas field off Northern Australia for $390 million, months after agreeing to buy ConocoPhillips' business in the region.
(RTTNews) - Fraport AG (FRA.DE, 0O1R.L, FPRUF.PK), the owner and operator of Germany's Frankfurt Airport or FRA, reported Thursday that FRA'S passenger traffic for February declined 4.0 percent to around 4.4 million passengers. The company noted that the Coronavirus outbreak con
(RTTNews) - European stocks look set to open lower on Thursday to extend losses from the previous session as investors asses the economic cost of a viral pandemic that is roiling global financial markets and disrupting the daily lives of people around the world.
South Africa's Exxaro Resources on Thursday reported a 13% rise in annual earnings as gains from its stake in Sishen Iron Ore offset lower earnings from coal.
If you can't beat the Saudis, join them. That logic appears to be taking hold among allies and rivals of the world's largest exporter of crude oil, but it may only work if you are a low-cost producer close to your major markets.
(RTTNews) - AT&T Inc.'s (T) Chairman and CEO Randall Stephenson received total compensation of $32.03 million in 2019, the company said in a filing with the Securities and Exchange Commission.
The dollar slid in another seismic shift to price in more U.S. interest rate cuts on Thursday, after President Donald Trump disappointed markets with a coronavirus plan light on details.
(RTTNews) - Montréal, Canada-based Bombardier (BBD_B.TO, BBD_A.TO) announced that it has appointed Éric Martel to Succeed Alain Bellemare as its President and Chief Executive Officer, effective April 6, 2020. Éric Martel will also be joining as a member of the board of direct
The new U.S. ban on foreign citizens entering the country if they have been in Europe in recent weeks will heap more pressure on airlines already reeling from the coronavirus pandemic, analysts said, hitting European carriers the hardest.
Investor worries about corporate credit are heating up as the coronavirus spreads, with the prices of bond funds taking a hit, companies starting to draw on credit lines and some market watchers warning of the possibility that investors pull out of products.
Financial markets reeled on Thursday as stocks dived and oil slumped after U.S. President Donald Trump took the dramatic step of banning travel from Europe to reduce the impact of the coronavirus, threatening more disruptions to trade and the world economy.
Mexico will soon invite private firms to invest in oil and gas projects to help a flagging economy hit by the fallout of coronavirus, Finance Minister Arturo Herrera said on Wednesday, but cautioned energy auctions were not on the cards for now.
(RTTNews) - Indian shares opened deep in the red on Thursday, mirroring weak global cues after the World Health Organization declared the coronavirus a pandemic and U.S. President Donald Trump announced a temporary travel ban from Europe in order to fight the spread of the virus
Large Japanese manufacturers' business sentiment fell to a near nine-year low in January-March, suggesting widening fallout of the coronavirus outbreak on an economy already struggling to keep a recovery on track.
Gold inched up on Thursday on worries about the economic impact of the coronavirus outbreak as the United States suspended travel from virus-hit Europe, although gains were capped as traders covered margin calls after a plunge in equities.
India's Reliance Industries Ltd, operator of the world's biggest refining complex, has bought 2 million barrels of additional Saudi oil in a very large crude carrier for loading in April, trade sources said on Thursday.
Reuters
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