Dutch electronics giant Philips said Tuesday its bottom-line profit more than doubled in 2016, buoyed by gains from the flotation of its lighting business and the strong performance of its health technology division.
Abu Dhabi-based Etihad Airways said Tuesday its president James Hogan will step down in the second half of 2017 after leading the fast-growing Gulf carrier for more than 10 years.
EasyJet expects full-year profits to suffer a bigger-than-expected hit with the pound down sharply since the Britain voted to exit the European Union, the low-cost airline said Tuesday.
US President Donald Trump has abandoned the Trans-Pacific Partnership, leaving the ambitious trade agreement in limbo. Here are some key questions about the pact which supporters said would write the rules for 21st century commerce:
Controversial Chinese solar energy firm Hanergy Thin Film Power Group is facing a legal bid by Hong Kong’s securities watchdog that seeks to ban its directors for up to 15 years.
Australia said Tuesday it hoped to recast the Trans-Pacific Partnership without the US and opened the door for China to sign up after President Donald Trump ditched the trade pact.
Chinese conglomerate Wanda Group said its US-based AMC Theatres chain will buy the Nordic region’s largest cinema operator for $930 million, further expanding the company’s world-beating cinema empire.
The dollar managed a small recovery against its major peers in Asia on Tuesday but retreated on most other regional units after Donald Trump’s Treasury Secretary nominee said a strong currency could hurt the US economy.
European clubs Inter Milan, Aston Villa and Sochaux have had a high turnover of managers since Chinese takeovers, sparking fears that their trigger-happy new owners have little patience and no strategy.
Samsung Electronics reported a 50.2 percent jump in fourth-quarter profits on Tuesday despite the humiliating Galaxy Note 7 recall that hammered the reputation of the world’s largest smartphone maker.
A senior economic advisor for US President Donald Trump told Prime Minister Justin Trudeau and his cabinet on Monday that Canada should not fear the trade intentions of the new American administration.