The London Metal Exchange (LME) zinc price jumped to a six-week high last week after Glencore warned of the continuing margin squeeze on its European smelters. The commodities powerhouse idled…
Category: Business
Ryanair expects zero disruption from Spanish cabin crew strikes
Ryanair (RYA.I) said on Tuesday it expects to incur no disruptions to its daily flight schedule in August or September from planned weekly strikes by some of its Spanish cabin…
AIG exceeds profit estimates on strong underwriting gains
Insurer American International Group Inc beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned the blow from lower investment returns. Net premiums written in…
Long-term China problems would hit Adidas targets to 2025
Any longer-term collapse of China as a growth market could undermine Adidas sales and profit targets up to 2025, the sports goods company told Handelsblatt business daily on Tuesday. "If…
U.S. accuses Chinese company of helping ZTE hide business with Iran
The U.S. Commerce Department on Tuesday accused Far East Cable, China's largest wire and cable manufacturer, of violating U.S. export controls related to shipments of telecommunications equipment to Iran. Far…
FedEx unit to test Ford’s electric vans for parcel delivery
FedEx Office will pilot Ford Motor Co's (F.N) electric vans to pickup and deliver parcels in some regions, the unit of FedEx Corp (FDX.N) said on Tuesday, as part of…
AIG eyes September as next window for unit’s IPO
Insurer American International Group Inc (AIG.N) said on Tuesday that September would be the next window for the delayed initial public offering (IPO) of its life and retirement unit. AIG,…