Business & Finance News
Volkswagen Group said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period but was hopeful on Friday that the Chinese market would recover soon as it moves out of the coronavirus crisis.
The Trump administration is seeking to ease a severe cash crunch in the drilling industry by raising loan limits available under a coronavirus stimulus package and by barring lenders from discriminating against drillers, according to Energy Secretary Dan Brouillette.
Some U.S. life insurers are deciding not to gamble on older Americans during the coronavirus crisis by temporarily suspending applications from certain age groups or imposing tougher requirements.
Wall Street was set to jump at the open on Friday following President Donald Trump’s new guidelines to re-open the economy and on a report of a drug to potentially treat COVID-19, while Boeing headed higher on plans to resume production.
General Electric Co’s aircraft leasing subsidiary canceled 69 orders for Boeing Co’s grounded 737 MAX jets on Friday, as it evaluates its order book in the wake of the coronavirus pandemic.
Commercial creditors need to support debt relief for the poorest countries and cannot just “free ride” on a suspension in debt payments by official bilateral creditors, World Bank President David Malpass said on Friday.
Weeks into Italy’s coronavirus lockdown, thousands of Italian entrepreneurs have been given a bureaucratic shortcut to market.
Deutsche Bank investor Riebeck-Brauerei on Friday filed a motion seeking a vote to oust the lender’s chairman Paul Achleitner at this year’s annual general meeting, according to a document prepared by the activist shareholder’s lawyer.
U.S. stock index futures bounced more than 2% on Friday as President Donald Trump laid out plans to re-open an economy shut down by the coronavirus outbreak and on reports of encouraging data on a drug to potentially treat COVID-19.
Goldman Sachs said on Friday it expects iPhone shipment to drop 36% during the third quarter due to coronavirus-related lockdowns around the world and downgraded Apple Inc stock to “sell”.
From Africa to Asia and Latin America, emerging countries disproportionately bruised by the COVID-19 pandemic are allowing some key industries to start back up in a bid to soften the economic blow.
Oil prices rose on Friday as President Donald Trump laid out plans to ease the U.S. coronavirus lockdown and on reports, later played down, that a drug may potentially help treat COVID-19.
Procter & Gamble Co beat expectations for quarterly profit on Friday as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus.
Activist investors say telecommunications pioneer AT&T Inc won’t take their calls for its upcoming annual meeting, reinforcing their concerns that the shift of the gatherings to cyberspace due to the COVID-19 pandemic would restrict shareholder input.
Procter & Gamble Co on Friday reported an about 5% rise in quarterly sales as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus.
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