BP targets breakeven below $35/bbl next year, CEO says
BP seeks to sharply reduce its spending and costs to be able to generate profit at oil prices below $35 a barrel by next year...
Asian shares gain on signs lockdowns could ease
Most Asian shares made gains while U.S. stock futures fell on Tuesday amid choppy trade as a renewed decline in oil prices partially offset optimism...
Airline SAS cuts up to 5,000 jobs due to pandemic
Scandinavian airline SAS said on Tuesday it could reduce its workforce by up to 5,000 full-time positions due to plunging demand and travel restrictions during...
Europcar still in talks over French financial aid
French car hire company Europcar said on Tuesday it was still in talks with the government over obtaining further financing aid....
Marks & Spencer strengthens liquidity to cope with coronavirus impact
British retailer Marks & Spencer said it was planning for a slow return to shopping and had taken steps to shore up its finances for...
BP’s profit tumbles, debt climbs as coronavirus crisis hammers oil demand
BP’s first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major’s debt rose sharply as it warned of...
Nissan slashes full-year results forecast, sees operating loss
Nissan Motor Co on Tuesday said it expected to post an operating loss for the year that ended in March, as an ongoing decline in...
Spirits maker Diageo to raise $2.5 billion from debt offering
Diageo , the world’s largest spirits maker, launched a $2.5 billion bond offering on Tuesday, weeks after suspending its share buyback programme in response to...
UBS posts 40% first-quarter net profit rise as wealth shows resilience
The world’s largest wealth manager, UBS , reported a 40% rise in January-March profit on Tuesday, buoyed by ultra rich clients reshuffling portfolios to cope...
Airline SAS to cut up to 5,000 jobs due to pandemic
Scandinavian airline SAS said on Tuesday it would reduce its workforce by up to 5,000 full-time positions, due to the COVID-19 pandemic and its impact...