Business News

Daimler warns of "significant adverse effects" of virus outbreak

Reuters Biz News - 10 hours 54 min ago
German luxury carmaker Daimler on Friday warned of risks for the economy and its own business from the outbreak of coronavirus that is spreading in China and around the world.
Categories: Business News

PRESS DIGEST- Canada- Feb 21

Reuters Company News - 11 hours 15 min ago
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

Royal Bank of Canada profit jumps 11%

Reuters Company News - 11 hours 21 min ago
Canada's biggest lender, Royal Bank of Canada reported a nearly 11% rise in quarterly profit on Friday, boosted by growth in its capital markets, and personal and commercial banking units.
Categories: Business News

CIBC plans to shuffle executives, cut 2,000 jobs - Globe and Mail

Reuters Company News - 11 hours 24 min ago
Canadian Imperial Bank of Commerce is expected to make changes to its senior executive ranks and announce about 2,000 job cuts when it reports first-quarter earnings next week, the Globe and Mail reported https://tgam.ca/2uguwyL on Friday.
Categories: Business News

UPDATE 1-Magna International profit beats, reaffirms 2020 sales outlook

Reuters Company News - 11 hours 49 min ago
Canadian auto parts maker Magna International Inc reported a better-than-expected quarterly profit on Friday, helped by lower costs.
Categories: Business News

Autoliv says 2020 guidance still holds amid coronavirus impact

Reuters Company News - 12 hours 34 sec ago
Sweden's Autoliv, the world's biggest maker of airbags and seatbelts, on Friday affirmed its full-year growth and margin forecasts in spite of the coronavirus outbreak in China, which has caused major disruptions to businesses across the country.
Categories: Business News

Magna International reports 3.5% drop in quarterly profit

Reuters Company News - 12 hours 19 min ago
Canadian auto parts maker Magna International Inc reported a 3.5% drop in quarterly profit on Friday, hurt by weak automobile production in North America and a labor strike at General Motors Co, its biggest customer.
Categories: Business News

UPDATE 1-European shares fall as investors stay wary of virus impact

Reuters Company News - 12 hours 33 min ago
* French consultancy Sopra Steria tops STOXX 600 (Adds comment, updates prices)
Categories: Business News

UPDATE 2-Teck Resources profit slumps 76% on lower coal prices; flags virus hit

Reuters Company News - 12 hours 47 min ago
* Fall in coking coal production and realised price (Adds outlook from company statement, details)
Categories: Business News

EMERGING MARKETS-Virus-hit EM assets set to end week in the red

Reuters Company News - 12 hours 48 min ago
Stocks and currencies in developing economies were set to end the week lower on Friday, as investors avoided riskier assets on fears about the global economic impact of the coronavirus outbreak after China reported a spike in new cases.
Categories: Business News

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