Nissan to slash Japan production by 70% in May, 43% in June: documents
Japan’s Nissan Motor Co Ltd will slash its domestic auto production plans by 70% in May and 43% in June, documents seen by Reuters show,...
Broadcom offers to settle EU antitrust probe into exclusivity deals
U.S. chipmaker Broadcom has offered to settle an EU antitrust investigation into its exclusivity deals with TV and modem makers, EU antitrust regulators said on...
Oil prices skid on oversupply, storage concerns
Oil prices fell on Monday on concerns about scarce storage capacity and global economic doldrums from the coronavirus pandemic....
Allianz agrees bankassurance deal with BBVA: sources
German insurer Allianz has struck a deal to invest in the bancassurance business of Spanish lender BBVA , two sources close to the matter told...
Lufthansa, Air France-KLM shares rise on bailout progress
Shares in Air France-KLM and Lufthansa led European stock market gains on Monday on hopes that government bailouts would see them through the coronavirus crisis....
NMC Health requests delisting from LSE
Troubled hospital operator NMC Health said on Monday it requested its shares be delisted from the London Stock Exchange after they were suspended two months...
Australia’s NAB seeks $2.2 billion from investors, slashes dividend as virus halves profit
National Australia Bank Ltd asked investors for A$3.5 billion ($2.2 billion) and slashed its dividend to the lowest in almost three decades, as its first-half...
Norwegian Air could soon run out of cash unless debt plan approved
Norwegian Air could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned...
UK airlines want coronavirus wage support scheme extended beyond June
Britain’s airlines want the government’s coronavirus wage support scheme to be extended beyond June, maintaining the assistance for longer with a only slow recovery in...
China’s market regulator inspects Luckin Coffee
Luckin Coffee said on Monday China’s State Administration for Market Regulation was carrying out work to understand the coffee chain’s operating situation and added that...