UBS posts 40% first-quarter net profit rise as transaction levels jump
The world’s largest wealth manager, UBS , reported a 40% increase in first-quarter net profit on Tuesday, as clients upped trading activity during market turmoil...
HSBC first-quarter profit halves on increased loan loss provisions due to coronavirus crisis
HSBC Holdings PLC’s first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide....
HSBC first-quarter profit slides 48% on coronavirus crisis, misses forecasts
HSBC Holdings PLC’s first-quarter profit tumbled a worse-than-expected 48% after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide....
Asian shares fall on fresh rout in crude prices
Asian shares and U.S. stock futures dipped into the red on Tuesday, erasing earlier gains as a renewed decline in oil prices overshadowed optimism about...
Oil prices tumble as world’s storage tanks fill up amid demand shock
Oil prices slumped on Tuesday, extending the previous session’s slide, on worries about limited capacity to store crude worldwide and expectations that fuel demand may...
GM, Ford and Fiat Chrysler target May 18 U.S. restart date: WSJ
General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV are targeting May 18 to resume some production at their U.S. factories after...
Embraer takes Boeing to arbitration over failed deal as Brazil eyes China tie-up
Brazil’s Embraer SA said on Monday it had begun an arbitration process against Boeing Co, after the U.S. planemaker abruptly canceled a $4.2 billion deal...
British Airways considers slashing about 800 pilot jobs: Sky News reporter
British Airways is planning to launch a consultation that could result in cutting about 800 of its 4,500 pilot jobs, a Sky News reporter tweeted...
Piglets aborted, chickens gassed as pandemic slams meat sector
With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500...
Tech issues hobble U.S. banks’ mad grab for $310 billion in new small-business aid
U.S. banks beginning another chaotic dash to grab $310 billion in fresh small-business aid released by the government on Monday were hamstrung after 11th-hour changes...