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Cathay Pacific flags 'significant' drop in first-half profit, capacity cuts due to coronavirus
(Reuters) - Cathay Pacific Airways <0293.HK> is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday. Severe travel restrictions as a result of a coronavirus outbreak in ...
SoftBank-backed Oyo says annual loss grew over six-fold on China expansion
By Sachin Ravikumar and Derek Francis BENGALURU (Reuters) - SoftBank-backed <9984.T> Oyo Hotels and Homes said on Monday losses widened more than six-fold in the year to March 2019, as the India-based hotel chain spent heavily to expand into China. ...
William Hill names DS Smith's Adrian Marsh as CFO
(Reuters) - British bookmaker William Hill on Monday named cardboard maker DS Smith's Chief Financial Officer Adrian Marsh as its finance head. Marsh will join William Hill later this year, taking over from Ruth Prior whose departure was announced ...
European shares hit record high; carmakers cheer China stimulus
By Ambar Warrick (Reuters) - European shares hit a record high on Monday, with automobile stocks leading gains amid fresh attempts by China to limit the economic impact of the coronavirus outbreak. Automobile stocks <.SXAP>, which are highly ...
Quantum tech company Nanoco files patent infringement lawsuit against Samsung
(Reuters) - British nanotechnology company Nanoco said on Monday it has filed a patent infringement lawsuit against Samsung Electronics Co and affiliates in a district court in Texas relating to quantum dots. Nanoco, which produces quantum dots ...
Alstom in talks over $7 billion Bombardier rail deal
By Sudip Kar-Gupta PARIS (Reuters) - France's Alstom is in talks to buy the train business of Canada's Bombardier in a potential $7 billion deal that marks the latest attempt by Western rail companies to bulk up in the face of Chinese competition. ...
NMC Health founder Shetty resigns as turmoil deepens
(Reuters) - NMC Health said on Monday its founder BR Shetty had resigned as the Emirati healthcare group's joint non-executive chairman, leaving UK businessman H.J. Mark Tompkins as sole chairman. NMC, the United Arab Emirates' largest private ...
Education First in exclusive talks to sell China business to Permira -sources
By Kane Wu and Julie Zhu HONG KONG (Reuters) - Swiss language tutor Education First (EF) has entered exclusive talks with global private equity firm Permira to sell its China operations, in a deal valuing the business at $1.6 billion, said two people ...
India's Vodafone Idea to pay 35 billion rupees in telecom dues this week, shares rise
By Suchitra Mohanty and Derek Francis NEW DELHI (Reuters) - Beleaguered Indian wireless carrier Vodafone Idea will pay 35 billion rupees ($490 million) in telecoms dues to the federal government by Feb. 21, a lawyer for the company said on Monday. ...
DP World returns to full state ownership, takes on $8.1 billion debt
DUBAI (Reuters) - Dubai is to take full control of port operator DP World in a deal with a $13.9 billion valuation that will help the company at the center of the emirate's 2009 debt crisis to repay some of its borrowings. DP World, which operates ...