Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus lockdowns.
Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid.
Asian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve's policy decision while oil prices jumped on hopes demand will pick up as many countries lift some of the coronavirus-related restrictions.
"That's not saying anything bad about Google or the large cap growth stocks ... but they just don't have the upside potential that some of these other laggard areas do," Morgan Stanley's Mike Wilson said.
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Boeing Co is working with investment banks on a multibillion-dollar bond-fueled financing package, aiming to shore up its balance sheet amid a sharp travel downturn from the pandemic, three people familiar with the matter said on Tuesday.
Asian shares rose for a third session on the trot on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world while oil prices jumped on hopes demand will pick up.
Brazil's Embraer SA on Monday said it had begun an arbitration process against Boeing Co , after the U.S. planemaker abruptly canceled a $4.2 billion deal over the weekend that was years in the making.
Colleges at risk of losing tuition dollars must embrace cost-cutting measures like furloughing staff, slashing financial aid budgets or face going out of business entirely.
Bayer said the economic downturn and the need to preserve cash means it is taking a tougher stance in talks to settle claims over accusations that its glyphosate-based weedkillers cause cancer, even as its earnings rose.
Progress towards coronavirus bailouts buoyed the shares of Lufthansa and Air France-KLM on Monday, as the protracted travel slump turned up the heat on rivals yet to secure financing needed to tide them through the pandemic.
The Small Business Administration on Monday began to allow lenders to process $310 billion in funds for the second round of its program that aims to help small businesses, hurt by the novel coronavirus disruption, to cover their payroll costs.
U.S. stock markets rose on Monday as more states prepared to lift coronavirus-induced curbs and investors geared up for the busiest week of quarterly earnings reports, including from tech titans Apple and Microsoft.
U.S. stock markets jumped more than 1% on Monday as more states prepared to ease stay-at-home orders and investors geared up for one of the busiest weeks of quarterly earnings reports, including from tech titans Apple and Microsoft.