Thyssenkrupp does not have a liquidity problem due to a 1 billion euro loan from state-owned lender KfW [KFW.UL] and the expected transfer of funds from the sale of its elevator division, its chief financial officer said.
Ryanair CEO Michael O’Leary on Tuesday said Britain’s plan to have arriving passengers self-isolate in their accommodation for 14 days upon arrival was “idiotic” and effectively unenforceable.
(Bloomberg) — An indicator of China’s coal demand surged almost a third above levels last year as hotter-than-usual weather and factories rushing to make up for lost orders boosted power demand, spurring a rebound in prices.Coal use by coastal power plants at five major utilities rose for an eighth day to 577,100 tons as of Monday, more than 30% higher than the same period last year and the most since Jan. 12, data from China Coal Transport & Distribution Association showed. The figure eased slightly to 562,300 tons Tuesday.China is recovering from the slump in February, when much of the …read more […]
Logitech International reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis.
(Bloomberg) — European stocks rose on Tuesday while U.S. equity futures declined alongside Asian shares as investors weighed fresh trade tensions and an up-tick in coronavirus infections in several nations. The dollar rose for a second day.The Stoxx 600 Index swung from a loss to a gain as advances for telecom and healthcare shares helped lift the gauge. S&P 500 futures retreated after the Trump administration moved on Monday night to block investments in Chinese equities by a government retirement savings fund. European government bonds dropped and Treasuries drifted.Global equities have recouped almost half of the plunge from their March …read more […]
Ryanair on Tuesday confirmed it will return to 40% of its planned flight schedule from July 1 and will require passengers to wear face coverings and to ask crew permission to use the toilet.
Toyota Motor Corp on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles.
Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand.
China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States.
Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand.
Honda Motor Co on Tuesday posted its lowest operating profit in four years and refrained from releasing an earnings outlook for the current business year as the coronavirus pandemic hits global car demand.
German conglomerate Thyssenkrupp on Tuesday warned its operating loss could swell to 1 billion euros ($1.1 billion) in the current quarter citing the coronavirus pandemic.
Negative interest rates in the United States were once unimaginable. The coronavirus has changed that.
Ryanair is to recommend that all passengers wear face masks on board when it reopens 40% of its route network on July 1 and customers will be required to ask crew to use the toilet, Europe’s largest low-cost carrier announced on Tuesday.
Vodafone , the world’s second largest mobile operator, met expectations with a 2.6% rise in full-year core earnings to 14.9 billion euros ($16.10 billion), but said it could not predict the current year outcome due to the uncertainty caused by the coronavirus.
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