Hong Kong Airlines International Holdings is in talks to sell a stake in itself to a strategic investor, delaying the short-haul carrier’s plans to list in the city in coming months.
GE’s CEO already had problems convincing investors he was moving fast enough to remake the conglomerate into a simpler industrial machine, and now there’s this oil business.
Sweden’s government said it wants to drop a long-standing budget surplus target, saying a new target to keep public finances in balance is more suitable given the stable Swedish economy.
Royal Dutch Shell gave shareholders the option of receiving a dividend via company stock, a move that other large oil companies have made as cash dries up during a period of low oil prices.
Russia’s second-biggest oil producer Lukoil said 2014 net profit fell almost 40% to $4.7 billion as it battles plunging oil prices, a weak ruble and spiking inflation.
The annual rate of inflation across the world’s developed economies more than halved in January, reaching its lowest level since the recession that followed the global financial crisis.
Germany’s Merck forecasts little or no improvement in earnings this year, with stiff competition for its blockbuster multiple-sclerosis treatment and higher research spending likely to offset the impact of recent acquisitions.
A survey from Deutsche Bank’s Global Prime Finance unit showed two-thirds of responding investors said hedge funds they invested in didn’t produce the returns they had been targeting last year.
Troubled Chinese property developer Kaisa Group Holdings is seeking to restructure 47.97 billion yuan ($7.65 billion) of onshore debt by extending payment terms and reducing interest payments.
Microsoft has a new fix-it plan for the company’s smartphone business: Wait a little longer.