HONG KONG (Reuters) - Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China.
BERLIN (Reuters) - Lufthansa (LHAG.DE) narrowed its operating loss in the first quarter, helped by cheaper fuel, but said on Tuesday further action was needed to lower costs, especially in light of a rising pension burden and staff-related expenses.
New chief executive officer Steve Easterbrook yesterday laid out a turnaround plan that includes reorganising the company's operating units, selling more restaurants to franchisees, cutting costs - and improving the food.
Like for like sales at its main retail division - which includes brands such as Hungry Horse, Old English Inns and Loch Fyne restaurants - are up just 0.4 per cent for the 51 weeks to April 26, the company said in a trading update ahead of releasing full year ...
Weir Oil & Gas and the Rolls-Royce Power Systems company MTU have launched a joint initiative for the fracking industry. Weir Oil & Gas and the Rolls-Royce Power Systems company MTU have launched a joint initiative for the fracking industry.