Business

Cathay Pacific shares end down after surge at open

Shares in Cathay Pacific ended lower Wednesday, having soared nearly 19 percent at the open, a day after the airline announced a multibillion-dollar government-led bailout plan.

Business

Warner Music surges in Nasdaq debut after IPO raises $1.9 bln

Warner Music Group, one of the globe's "big three" recording companies, jumped in its market debut Wednesday after raising more than $1.9 billion in an initial public offering that underscores how streaming has reinvigorated ...

Business

China becomes large shareholder in Norwegian Air Shuttle

Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as part of the ailing airline's rescue plan, Norwegian said Wednesday.

Business

Europe races to shield virus-hit firms from bargain hunters

Fears that cash-rich corporate raiders could use the coronavirus crisis to swoop on weakened European firms were perhaps best exemplified by Donald Trump's alleged bid for a German biotech firm working on a vaccine.

Business

Aston Martin shares in reverse as annual losses balloon

Shares in Aston Martin Lagonda tanked Thursday after James Bond's favourite carmaker said net losses nearly doubled last year on weak global demand—and warned over the potential impact of coronavirus.

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