Cargill expands plant-based protein food for China
U.S. agribusiness giant Cargill said on Thursday it will introduce a range of plant-based food products to China following a successful trial of plant-based nuggets...
Exclusive: Nissan shakes off virus woes in China sales with rebound in April – sources
Nissan Motor Co’s vehicle sales in China this month almost recovered to the prior year’s level after a coronavirus-related 45% plunge in March, two sources...
Malaysia Airlines working with Khazanah for financial support, parent co says
Malaysia Airlines (MAB) is working closely with sole shareholder Khazanah Nasional for financial support needed due to the coronavirus crisis, it said on Thursday....
Exclusive: Thai Airways to seek $1.8 billion emergency loan to navigate virus impact – document
Thai Airways International PCL aims to seek a 58.1 billion baht ($1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop...
Oil prices rise amid early signs of fuel demand picking up
Oil prices jumped on Thursday, buoyed by signs that the U.S. crude glut is not growing as quickly as expected and that fuel demand battered...
SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its...
Britain’s Sainsbury’s warns coronavirus profit impact could be £500 million
British supermarket group Sainsbury’s estimated a profit impact of 500 million pounds ($623 million) from the coronavirus pandemic and said it would defer any dividend...
KLM expects talks on financial aid to take weeks: Telegraaf
KLM, the Dutch subsidiary of airline group Air France-KLM , expects discussions with banks on financial aid will take weeks to conclude, Dutch newspaper De...
BAT sticks to earnings forecast, flags first signs of sales weakness
British American Tobacco said on Thursday it was maintaining its guidance of high single figure earnings per share growth for 2020 while expecting some impact...
Shell slashes dividend for first time since 1940s
Royal Dutch Shell cut its dividend for the first time in 80 years on Wednesday after a sharp drop in profit as global oil demand...