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Politics

ArcelorMittal reports $1.9 billion net loss in October-December

NEW DELHI: Global steel giant ArcelorMittal on Thursday reported a net loss of $1.9 billion for the quarter ended December, with the company calling 2019 a “very tough year”. The world’s largest steel maker had posted a net income of $1.2 billion in the year-ago quarter, the company said in a statement. The company reported …

Politics

PNB reports Rs 492 crore loss for Q3 on higher provisioning for NPAs

NEW DELHI: Punjab National Bank (PNB) on Tuesday reported a standalone net loss of Rs 492.28 crore for December quarter 2019-20 due to substantial increase in bad loan provisioning. The bank had posted a net profit of Rs 246.51 crore for the same period a year ago. In the previous September quarter, the bank had …

General

Philippines reports first coronavirus death outside China

Authorities in the Philippines said a 44-year-old man from Wuhan city in central Hubei province had died after developing severe pneumonia. It was the first death reported out of more than 130 cases in around two dozen other countries and regions outside of mainland China. The death toll from the coronavirus outbreak in China had …

General

Tibet reports first confirmed case of coronavirus

The first case was reported after a 34-year-old man from China’s Hubei province, the epicentre of the virus, travelled to Tibet and complained of sickness. So far, the majority of the cases in China and abroad are from the province for which Wuhan is the epicentre. (File photo: Reuters) Tibet has reported the first confirmed …

Politics

Boeing reports 2019 loss of $636 million, 1st year in red since 1997

NEW YORK: Boeing reported its first annual loss in more than two decades on Wednesday as the lengthy grounding of the 737 MAX undercut the company’s revenues and exploded costs. The aerospace giant reported a $1 billion loss in the fourth-quarter and a loss of $636 million for all of 2019, the company’s first year …