Danish logistics firm AP Moller-Maersk A/S reported on Thursday that it had swung to a loss in its fourth quarter due to weak revenues. Separately, the company said it has decided to terminate the fifth phase of the share buy-back program of 11 billion Danish kroner or around $1.6 billion, with immediate effect. The lead manager, Skandinaviska Enskilda Banken AB's mandate to purchase shares on behalf of the company has been withdrawn. Further, in line with its global integrator strategy, AP Moll
Orsted Pauses Dividend as CEO Cuts Costs to Avoid Crisis bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Germany has been forced to sell off some of its stake in package deliverer DHL as it struggles to improve the country’s rail network amid a budget crisis.