Business & Finance News
The alliance between France’s Renault SA and Japan’s Nissan Motor Co remains strong, but its members share a sense of urgency, the alliance’s chairman, Jean-Dominique Senard, said on Thursday.
India’s Tata Motors Ltd on Thursday beat market expectation for quarterly profit, as sales for the maker of British luxury car brand Jaguar and Land Rover rose in China and it kept a tight lid on costs.
In his first address to the U.S. Congress, President Donald Trump hailed General Motors Co, Harley-Davidson Inc, Intel Corp and seven other companies as innovators and job creators, predicting they would be among those producing “tens of thousands of new American jobs” and investing “billions and billions of dollars.”
SoftBank’s second Vision Fund has led a new round of funding for Silicon Valley-based drug delivery firm Alto Pharmacy that valued it at over $1 billion, according to two people familiar with the development.
India’s Tata Motors Ltd reported a quarterly profit on Thursday, compared with a year-earlier loss, as the maker of British luxury car brands Jaguar and Land Rover kept a tight lid on costs.
The boss of Jaguar Land Rover (JLR) will step down from his role at the end of his contract term in September as Britain’s biggest carmaker shows signs of improvement after a torrid 2019 of job cuts, deep losses and falling sales.
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.
Deutsche Bank’s chief executive on Thursday told German broadcaster n-tv that he did not think Germany’s top bank would apply negative interest rates to the accounts of private customers in general.
A rapidly spreading virus outbreak in China is emerging as a potentially major new risk to the global economy and leaving policymakers, still grappling with the impact of the Sino-U.S. trade war, fretting over the widening fallout.
Stocks across the world tumbled on Thursday as the death toll from a virus spreading in China reached 170, forcing airlines to cut flights and stores to close as the potential economic hit from the outbreak came into focus.
Frankfurt will no longer host the German auto show from 2021 after almost 70 years as the home of the annual exhibition of the industry’s latest innovations, the VDA auto association said late on Wednesday.
Oil prices fell on Thursday as alarm spread over the economic impact of the Wuhan virus in China, while a bigger-than-expected increase in U.S. crude stocks added to the negative tone.
Samsung Electronics Co is counting on a gradual recovery in memory chip demand from data centers and 5G smartphone makers to help it bounce back in 2020 after sliding to its worst operating profit in four years.
Swedish truck maker AB Volvo reported a smaller than expected fall in fourth-quarter earnings in the face of slowing demand and announced plans on Thursday for a payout to shareholders that exceeded market expectations.
Asian stocks and currencies tumbled further on Thursday, as the rising death toll from a virus spreading from China led airlines to cut flights and stores to close, increasing pressure on the world’s second-largest economy as fears of a pandemic grow.
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