Boris Johnson, Britain’s foreign secretary, was accused of making a “transparent leadership bid” by Conservative MPs over his demand that the British government spend a “Brexit dividend” of £5bn a year on the National Health Service.
The transition to electric vehicles will put pressure on returns from carmakers and is credit negative for the sector, according to a new report from rating agency Moody’s that predicts the new vehicles expected to remain unprofitable into the early 2020s.
Equities were mixed in Asia Pacific trading on Wednesday despite a positive lead-in from Wall Street, where strong results from Netflix and others helped to dispel early nerves over new US tariffs on some white goods and solar panels and push the S&P 500 to another record high close.
United Continental shares fell sharply on news of stronger than expected capacity growth for the next three years, giving up share price gains earlier in the day when the US airline beat market expectation for fourth quarter earnings.
Japan, Canada and nine other Pacific Rim economies have offered a rebuke to Donald Trump, declaring they had solved their differences and would press on with an expansive new trade deal on the first anniversary of the US president’s withdrawal.
United Continental shares rose in after-rmarket trading after the carrier beat market expectations for fourth-quarter earnings. UPDATE: United Continental shares have since reversed those gains and are trading down 6.5 per cent.
Texas Instruments’ quarterly earnings dropped 67 per cent due to unexpected tax expenses on the heels of the latest legislative overhaul, sending the US-based chipmaker’s shares lower in after-hours trading.
Johnson & Johnson shares were headed for their worst day in nearly nine years on Tuesday amid confusion over its outlook after the company said sales of its blockbuster arthritis drug Remicade continued to fall in the fourth quarter.