Semiconductor equipment maker ASML Holding NV on Wednesday forecast double digit growth in sales and profits for 2020, saying it did not expect any financial impact from being swept up in the trade war between the United States and China.
Boeing Co's bill for the 737 MAX grounding could balloon to more than US$25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of further delay in returning its once best-selling jet to service.
European buyout fund Eurazeo has hired Citigroup and Evercore to prepare the sale of its payments business Planet in a deal that could value the Irish firm at up to 2 billion euros (US$2.22 billion), three sources told Reuters.
REUTERS: Sonos Inc is facing a social media firestorm after the wireless speaker pioneer decided to stop software updates for some of its older products. Hours after the company made the announcement on Tuesday, customers went on Twitter using the trending hashtag #SonosBoycott and tagging the ...
REUTERS: U.S. stock index futures pointed to fresh highs for the S&P 500 on Wednesday, as investors took heart from China's efforts to contain a deadly virus outbreak, while strong results from IBM and Netflix boosted earnings optimism. Wall Street's main indexes slipped from record highs on ...
E-commerce unicorn Jumia Technologies, which last year became Africa's first tech firm to list in New York, will focus on proving it can turn a profit after a bruising 2019, one of its co-founders told Reuters.
Airline flydubai, a major Boeing 737 MAX customer, is considering leasing additional aircraft following the latest setback to the grounded jet's return to service.
Britain's impending decision on whether to allow Huawei to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology.
Aircraft lessor Air Lease Corp , which has ordered 150 of Boeing's grounded 737 MAX, remains confident in the jet's long-term value, Chief Financial Officer Greg Willis said on Wednesday after Boeing announced a new delay to its return.
REUTERS: The United States' economy would be growing at a pace near 4per cent if wasn't for the lingering effect of Federal Reserve rate hikes, President Donald Trump told CNBC in an interview on Wednesday. "Now, with all of that, had we not done the big raise on interest,...
