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...
Asian shares make cautious gains, capped by fresh oil woes
Most Asian shares ground higher while U.S. stock futures fell on Tuesday amid choppy trade as a renewed decline in oil prices partially offset optimism...
HSBC sees mounting credit losses after pandemic halves first-quarter profit
HSBC Holdings PLC on Tuesday warned of more earnings pain to come after first-quarter profit nearly halved as it boosted provisions against bad loans expected...
Bayer faces second investor reckoning over glyphosate litigation
Bayer on Tuesday faces its second annual investor reckoning over its handling of a wave of U.S. lawsuits claiming its glyphosate-based weedkillers cause cancer....
Novartis posts first-quarter sales, profit beat as COVID-19 spurs prescriptions
Swiss drugmaker Novartis reported rising first-quarter sales and profit that beat analyst expectations and confirmed its 2020 targets as the coronavirus pandemic prompted patients to...
Germany agrees on Lufthansa rescue package worth 9 billion euros: Business Insider
Germany has agreed to help airline Lufthansa with a rescue package worth about 9 billion euros ($9.74 billion) in return for a blocking minority and...