BNP Paribas profit falls 33% on expected loan losses, equity trading hit
Profit at BNP Paribas fell by 33.1% in the first-quarter as the coronavirus crisis hit equity trading and prompted the eurozone’s biggest bank to set...
Duterte says sorry to Philippine tycoons, their firms’ shares surge
Philippine President Rodrigo Duterte has apologised for his “hurting words” about two tycoons whom he openly dislikes, responding to their help in fighting the coronavirus...
Asian stocks, oil higher as economies emerge from lockdown
Asian stocks rose on Tuesday, tracking a late Wall Street rally as governments eased coronavirus lockdowns while oil extended gains on expectations fuel demand would...
United Airlines to cut 30% of management in October, preparing pilot changes too: company memos
United Airlines Holdings Inc plans to cut at least 3,400 management and administrative positions in October as the coronavirus pandemic crushes air travel demand, and...
Tech-led Wall Street rebound set to lead Asia higher
NEW YORK Reuters) – A late Wall Street rally is expected to lead Asian stocks higher on Tuesday after tech shares and oil rose on...
Qantas extends flight cancellations for two more months, raises more debt
Qantas Airways said on Tuesday it would extend flight cancellations into June and July, and added that it secured further debt funding that should support...
United Airlines plans 30% cut to management ranks from October: company memo
United Airlines Holdings Inc has told employees that it expects its management and administrative ranks to be around 30% smaller starting in October, according to...
Qantas Airways extends flight cancellations, raises A$550 million
Qantas Airways on Tuesday said it would extend flight cancellations into June and July, and added that it secured further debt funding that should support...
Intel buys Moovit transit app for $900 million to help develop robotaxis
Chipmaker Intel Corp has bought Israeli public transit app maker Moovit for about $900 million to help it develop self-driving “robotaxis” that could take to...
U.S. coronavirus tariff exemptions sought for robots, drones, elevators
Major U.S. firms and trade groups want the U.S. Trade Representative’s Office to waive tariffs on a wide range of Chinese-made products as a result...