Business & Finance News
Volkswagen finance chief Frank Witter will leave the German car group in the summer of 2021, business publication Manager Magazin reported on Thursday.
Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic.
The chief executive of BAE Systems is optimistic about the future of the Typhoon fighter jet, saying that more orders were possible.
Britain’s BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia.
German cars and trucks maker Daimler said it would revamp the management of its finance, production and development portfolios to remove duplicate layers between Mercedes-Benz and Daimler AG.
The dollar trampled everything in its path on Thursday after a steep and sudden slide in the Japanese yen called into question its safe haven status and others from the euro to the Australian dollar were all knocked over.
Oil prices climbed on Thursday, extending gains from the previous session, as the market shifted focus to supply disruptions, while demand concerns eased following a drop in new coronavirus cases at the epicenter of the outbreak.
Asian stocks slipped and so did the region’s currencies on Thursday, as virus cases rose in South Korea and Japan and investors quit local assets in favor of safety further afield.
Walmart Inc might finally have found the sweet spot in Japan’s food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought into two decades ago continue their search for profit.
Oil prices rose on Thursday, extending gains from its previous session, as the market shifted focus to supply disruptions, while demand concerns eased some after a sharp drop in new coronavirus cases at the epicenter of the outbreak.
A slowdown in U.S. growth last year was at least partly the fault of President Donald Trump’s global trade battles and the resulting hit to business investment, the administration’s top economist said on Thursday in an outlook for the coming years.
Forever 21 has a new lease on life after Simon Property Group Inc , Brookfield Property Partners LP and Authentic Brands Group agreed to acquire the bankrupt teen fashion retailer.
Asian stocks eased and currency markets were skittish on Thursday, as virus cases rose in South Korea and Japan even as China added more stimulus via a rate cut to support its economy.
Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.
Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday.
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