Business News

Adidas to use recycled ocean plastic, polyester in millions of its products

Adidas aims to use recycled polyester in 50 percent of its products and also make 15-20 million shoes with marine plastic waste this year

Jan 30, 2020

By R. Ghosh

Indonesia: Ancient gold plates unearthed in Boyolali

Gold gains as virus concerns linger, investors await Fed

With the number of coronavirus fatalities standing at over 132 and 6,000 cases reported worldwide, there are fears that the outbreak could inflict damage on Chinese growth

Jan 29, 2020

By Reuters

Coronavirus

Goldman feels the heat in Asia as IPO engine slows

Focus at Goldman's first investor day will be on its consumer bank Marcus

The market is looking at how the Goldman Sachs' consumer bank business division will grow as its first investor day approaches

Jan 29, 2020

By Reuters

Coronavirus can affect Bosch's global auto supply chain: CEO warns

Bosch is heavily dependent on China for the exporting of electronic motors, transmission and power electronics for the electric cars, coronavirus may affect its functioning

Jan 29, 2020

By IBTimes APAC Desk

Coronavirus

Investors monitor stock market prices in Kuala Lumpur

Hong Kong stocks pull Asian shares lower but futures offer hope

European futures rose by 0.22 percent in early trading and the US stock futures were up 0.27 percent

Jan 29, 2020

By Reuters

Apple reports record earnings in First Quarter 2020, riding high on iPhone, wearables and services

With 1.5 billion devices all over, Apple reported an all-time net income record of $22.2 billion and generated operating cash flow of $30.5 billion in the last quarter ending Dec. 28, 2019

Jan 29, 2020

By Soorya Kiran NN

McDonald's adds two new chicken sandwiches to its breakfast menu, as competition intensifies

The two new variants, Chicken McGriddles and McChicken Biscuit, will be available across all its restaurants in the US for a limited period

Jan 29, 2020

By R. Ghosh

Coronavirus hits global carmakers, as companies start evacuating employees

A number of foreign carmakers like Toyota, Honda and PSA Group have started withdrawing employees from China, while many are contemplating halting production

Jan 29, 2020

By R. Ghosh

Coronavirus Elon musk

Airbus agrees to settle corruption probes with US, France, UK

Airbus shares rose, as analysts and traders welcomed the fact that Airbus was managing to draw a line under the affair

Jan 28, 2020

By Reuters

Renault poised to name VW manager Luca de Meo as CEO: Sources

The executive is not due to take up his post at the French carmaker until towards July, because of negotiations regarding his contract, as per reports

Jan 28, 2020

By Reuters

Companies advise employees to work from home, as coronavirus starts taking its toll on businesses

While the Chinese government extended the Lunar New Year break by three days, many companies are asking employees to work from home till February 10

Jan 28, 2020

By R. Ghosh

Coronavirus

General Motors to pump in $3 billion in Detroit plant to build all-electric trucks, SUVs

Production of the all-electric pickup is expected to begin by end 2021 and once fully operational, the plant will create more than 2,000 jobs

Jan 28, 2020

By R. Ghosh

US state AGs, Justice Department officials to meet and coordinate on Google probe: sources

The state attorney general will meet the Justice Department attorneys next week to talk about the investigation and share information with respect to Alphabet Inc's Google

Jan 27, 2020

By Reuters

FOREX-Yen gains, yuan skids as China virus fears grow amid rising death toll

As the death toll during the Wuhan crisis rose, the yen rose and the yuan fell in offshore trade on Monday

Jan 27, 2020

By Reuters

Coronavirus

trade-in-asia-pacific-to-bounce-back-in-2020

Mitsubishi's SpaceJet delivery plans postponed again to 2021 or 2022

In November Mitsubishi Heavy Industries Ltd said they were rethinking the timetable for the SpaceJet and could no longer commit to mid-2020

Jan 26, 2020

By Reuters

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