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Boeing rises on plan to reach $10b cash flow by mid-2020s

Boeing Co. shares jumped after Chief Executive Officer (CEO) Dave Calhoun said the planemaker could generate $10 billion in cash annually by mid-decade, once it turns around its operations after years of setbacks and miscues. The company’s stock posted the largest gain in the 30-member Dow Jones Industrial Average as executives laid out plans to speed jetliner output and return ...

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Hugo Boss raises its sales, profit outlook

Hugo Boss AG raised its sales and profit outlook for the year after a strategy shift kindled demand, but analysts called the upgrade disappointing after a bumper quarter. The stock falls as much as 2.3% in Frankfurt trading as the new forecast matched what many were already estimating. Chief Executive Officer Daniel Grieder is leading efforts to target younger shoppers. ...

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HSBC, StanChart raise HK prime rates as borrowing costs surge

HSBC Holdings Plc and Standard Chartered Plc raised their main lending rates in Hong Kong again on Thursday, a move that will push borrowing costs higher for property owners as the economy continues to face massive strain. HSBC, the city’s biggest lender, said it is raising its prime rate by 25 basis points to 5.375% after the Hong Kong Monetary ...

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