Posted at 13:11h
in
News
by KMFSLLP
Mastercard Inc reported
better-than-expected first-quarter earnings and the payment
processor said it has started seeing early signs of spending
levels stabilizing, even as the novel coronavirus outbreak
wreaked havoc on consumer spending.
...
Posted at 13:07h
in
News
by KMFSLLP
General Electric Co said on
Wednesday the coronavirus pandemic dealt a $1 billion blow to
cash flow at its industrial business in the first quarter, while
total revenue fell almost 8% and the company warned the damage
would worsen in the next three months.
Posted at 12:52h
in
News
by KMFSLLP
China may be on the road to
COVID-19 recovery but its giant industrial metals industry faces
the new challenge of maintaining global supply chains of raw
materials.
...
Posted at 12:40h
in
News
by KMFSLLP
General Electric Co
said on Wednesday it had cut 700 jobs in its power division in
the first quarter, and that it was on track to reduce capital
expenditure by 25% this year.
Posted at 12:40h
in
News
by KMFSLLP
German annual inflation slowed
further in April to well below the European Central Bank's
target, data showed on Wednesday, giving the ECB additional
leeway to deploy stimulus policy to counter the economic impact
of the coronavirus pandemic.
Posted at 12:28h
in
News
by KMFSLLP
Anthem Inc beat quarterly
estimates for revenue on Wednesday, helped by the launch of
pharmacy benefits business IngenioRx and as more people opted
for its health plans.
...
Posted at 10:54h
in
News
by KMFSLLP
General Electric Co's industrial
businesses took a $1 billion hit to cash flow in the first
quarter due to the COVID-19 pandemic as overall revenue fell
almost 8%, and the company warned the damage would worsen in the
next three months.
...
Posted at 10:49h
in
News
by KMFSLLP
The United States Oil Fund
(USO), the share price of which has been crushed this
month by big bets on front-month oil contracts, revealed on
Tuesday that it was sitting on more than $700 million in
unrealized losses heading into April.
...
Posted at 10:44h
in
News
by KMFSLLP
U.S. health insurer Humana Inc
reported a 17.6% rise in first-quarter revenue on Wednesday as
it benefited from strong demand for its government-backed
Medicare plans.
...
Posted at 10:43h
in
News
by KMFSLLP
An earthquake of magnitude 6.6 has
struck 48 kilometres (km) south east of Baracoa region in Cuba,
the European Mediterranean Seismological Centre (EMSC) said.
...