[ad_1] LYNNWOOD, Wash. (Reuters) – Boeing Co (BA.N) suppliers are shedding jobs and capacity to cope with a halt in 737 MAX output, but while that staves off chaos, aerospace executives worry the industry might
Exclusive: Goldman Sachs to raise $8 billion for new buyout fund – sources
[ad_1] HONG KONG (Reuters) – Goldman Sachs Group Inc (GS.N) plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to secure deals worldwide, said two
Global Markets: Rally in stocks runs out of steam as coronavirus toll climbs
[ad_1] SINGAPORE (Reuters) – Asian share markets slipped on Friday and oil price gains stalled, as the growing death toll and economic damage from the coronavirus outbreak put a lid on the week’s sharp rally.
China central bank says coronavirus impact on economy will be temporary
[ad_1] A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February
Russia backs OPEC+ proposal to cut oil output: Lavrov
[ad_1] DUBAI/MEXICO CITY (Reuters) – Russia supports a recommendation to deepen OPEC+ global oil supply curbs to compensate for a drop in demand caused by the coronavirus, Foreign Minister Sergei Lavrov said on Thursday. FILE
Uber sees profit by end of 2020, but still expects full-year loss
[ad_1] (Reuters) – Uber Technologies Inc (UBER.N) on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to
Wall Street reaches new highs as China moves to limit coronavirus impact
[ad_1] (Reuters) – U.S. stocks gained for a fourth straight session on Thursday and Wall Street’s main indexes hit record highs as concerns eased over the economic fallout from the coronavirus outbreak in China. China
Uber increases quarterly revenue but food delivery costs eat profit
[ad_1] (Reuters) – Uber Technologies Inc (UBER.N) drew more customers to its ride-hailing and food delivery business in a boost to its fourth-quarter revenue, but high costs at Uber Eats meant Uber continues to lose
Wall Street hits new highs as China moves to limit coronavirus impact
[ad_1] (Reuters) – U.S. stocks gained for a fourth straight session on Thursday and Wall Street’s main indexes hit record highs amid growing confidence in China’s efforts to contain the economic fallout from the coronavirus
OPEC+ panel recommends deeper oil cut, awaits nod from Russia: sources
[ad_1] DUBAI/LONDON (Reuters) – An OPEC+ technical panel has recommended a provisional cut in oil output of 600,000 barrels per day (bpd) in response to the coronavirus’ impact on energy demand as it awaits Russia’s