Denmark’s Maersk said on Friday it was temporarily suspending bookings to Djibouti from Asia, the Middle East, Oceania, East Africa and South Africa on its Blue Nile Express service.
U.S. equity funds saw large outflows in the seven days to Jan. 17 as a solid retail sales report and pushback from Federal Reserve officials tempered hopes about a policy rate cut in March.
Synchrony Financial has agreed to acquire consumer lender Ally Financial’s point-of-sale financing business, including $2.2 billion of loan receivables, the companies said on Friday.
The latest readouts on economic and population trends in China are remarkable, highlighting the immense long-term challenges ahead and dragging the growth profile of the world’s second-largest economy back to the insular days of the 1970s.
Business leaders in Davos say they are increasingly turning to scenario planning to safeguard supply chains and lessen the potential hit from unexpected geopolitical crises.
Swiss engineering group ABB’s operations in China are being scrutinised by two U.S. Congress committees dedicated to investigating security threats and risks posed by Beijing, documents showed on Friday.
Business leaders and financiers in Davos this week said they are preparing for “high for longer” borrowing costs, despite markets betting on large-scale interest rate cuts this year.
Spirit Airlines said on Friday it was assessing options to refinance its 2025 debt maturities amid some analyst concerns over the airline’s ability to stay afloat, sending its shares up 6.5% before the bell.
Anyone looking around Oshkosh’s cavernous fire truck factory in Appleton, Wisconsin, for evidence of the longest U.S. manufacturing slump in two decades could be forgiven for coming away scratching their heads.
