DoorDash sees food orders declining in second half; shares fall 12%

FILE PHOTO: A DoorDash sign is pictured on a restaurant on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo Allegri(Reuters) – Food delivery company DoorDash Inc on Thursday forecast orders to decline in the back half of

HSBC curbs profit and payout ambitions, bets on Asia wealth

HONG KONG/LONDON (Reuters) – HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in Asia after the COVID-19 shock saw its annual profits drop sharply. Citing the low interest rate environment and tough market conditions, HSBC ditched its goal

Canadian banks set for earnings decline but investors optimistic about recovery

TORONTO (Reuters) – Canadian banks are set to post their fourth straight year-on-year quarterly profit drop when they report results next week, the longest decline streak since the financial crisis, on margin compression and declining commercial lending, but flattening loan loss provisions signal a turning point, investors said.Slideshow ( 5

Allianz fourth-quarter net profit drops 2.2%, but beats expectation

FILE PHOTO: The logo of Allianz is seen on a building in Paris, France, April 30, 2020. REUTERS/Charles PlatiauFRANKFURT (Reuters) – German insurer Allianz on Friday posted a smaller-than-expected 2.2% fall in fourth-quarter net profit, amid pressure on business from the coronavirus pandemic. The company posted net profit attributable to

Simon Property forecasts higher annual profit as rent collection improves

FILE PHOTO: Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania, U.S., December 8, 2018. Picture taken December 8, 2018. REUTERS/Mark Makela(Reuters) – Simon Property Group Inc forecast a rise in its

Pfizer sees $15 billion in 2021 sales from COVID-19 vaccine

(Reuters) -Pfizer Inc said on Tuesday it expects to generate $15 billion, or about a quarter of its total revenue this year, from the sale of its COVID-19 vaccine co-developed with German partner BioNTech. The drugmaker is striving to deliver two billion doses of the vaccine in 2021 at a

Pfizer sees $15 billion in 2021 sales from COVID-19 vaccine

(Reuters) -Pfizer Inc said on Tuesday it expected to generate $15 billion, or about a quarter of its total revenue this year, from the sale of its COVID-19 vaccine that it has developed with German partner BioNTech.FILE PHOTO: The Pfizer logo is pictured outside a Pfizer office amid the coronavirus

Mazda posts second-quarter loss, but helped by rebound in North America sales

FILE PHOTO: A couple sits in a Mazda CX-5 during the 41st Bangkok International Motor Show, after the Thai government eased measures to prevent the spread of the coronavirus disease (COVID-19), in Bangkok, Thailand, July 15, 2020. REUTERS/Jorge SilvaTOKYO (Reuters) – Mazda Motor Corp 7261.T on Thursday posted a 7.59

US election results: Will Brexit drive a wedge between Boris Johnson and Joe Biden?

Joe Biden has made no secret of his opposition to Boris Johnson’s career-defining flagship policy: Brexit. Mr Biden claims – wrongly, according to the prime minister – that the Good Friday Agreement is threatened by the Internal Market Bill, currently going through the House of Lords. It’s a dispute that

US election results: Donald Trump’s lawyer Rudy Giuliani claims voter fraud

Trump’s controversial lawyer Rudy Giuliani has launched into an astonishing rant in Philadelphia, claiming that mail-in ballots could be “from Mars”. Giuliani spoke to waiting media in front of a crowd of Trump die-hards, bizarrely stating that some of Biden’s growing lead in the state of Pennsylvania could come from